Ultraviolet (UV) Coatings Market Size & Share, by Composition (Monomers, Oligomers); Type (Wood Coatings, Plastic Coatings, Varnish, Display Coatings); End-user (Industrial, Commercial, Residential) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

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Report ID: 3891
Published Date: Dec 26, 2024
Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Ultraviolet (UV) Coatings Market size was over USD 4.46 billion in 2024 and is projected to reach USD 8.73 billion by 2037, witnessing around 5.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of UV coatings is assessed at USD 4.66 billion.

UV coatings are protective coatings for wood, plastics, and paper, which are cured using UV radiations. The growth of the market can be attributed to the excellent coverage and light stability delivered by UV coatings. Moreover, advantageous features, such as, abrasion resistance, higher shine finish, very less drying time, and high clarity in coating, are estimated to raise the demand for UV coatings in the market. In addition to this, the growing consumption of coatings and enamels amongst the end-user industries, including, construction, electronics, printing, and others, is estimated to increase the demand for UV coatings. According to the statistics by the International Trade Center (ITC), the total export value of varnishes and enamels amounted around USD 14,161,245 thousand in 2020. Along with this, these coatings are environment friendly, as UV coatings are free of solvents, and do not emit any volatile organic compounds, which is estimated to propel the market growth.

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Ultraviolet (UV) Coatings Sector: Growth Drivers and Challenges

Growth Drivers

Increasing Demand for Quick-Drying Coatings
Rising Consumption of Coatings and Varnishes

Challenges

Low Price Competitiveness
Low Adoption of Bio-Based UV Coatings

Ultraviolet (UV) Coatings Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	5.3%
Base Year Market Size (2024)	USD 4.46 billion
Forecast Year Market Size (2037)	USD 8.73 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Ultraviolet (UV) Coatings Segmentation

The market is segmented by type into wood coatings, plastic coatings, varnish, display coatings, and others, out of which, the plastic coatings segment is anticipated to hold the notable share in the global ultraviolet (UV) coatings market over the forecast period on account of higher global consumption of plastics for various end-uses, such as, making furniture, electronics parts, interiors of automobiles, and others.

Our in-depth analysis of the global market includes the following segments:

By Composition	Monomers Oligomers
By Type	Wood Coatings Plastic Coatings Varnish Display Coatings Others
By End User	Industrial Commercial Residential Others

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APAC Market Statistics

On the basis of geographical analysis, the global ultraviolet coatings market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is poised to dominate majority revenue share by 2037, led by presence of large chemical industry in the region. In fact, Asia Pacific region represented around 45% of global chemical manufacturing industry, in 2020. Moreover, the growing construction activities in the region, are further estimated to boost the market growth. The market in the North America region is anticipated to gain the largest market share throughout the forecast period on the back of increasing construction activities, growing consumption of plastics, and adoption of new technologies in the region.

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Companies Dominating the Ultraviolet (UV) Coatings Landscape

3M Company
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
PPG Industries, Inc.
BASF SE
Akzo Nobel N.V.
Carl Zeiss AG
Essilor International
Hoya Corporation
Koninklijke DSM N.V.
Sherwin-Williams Company
Axalta Coating Systems LLC

In the News

January, 2022: Dymax to join hands with, WESCO Sales Group, Inc., to expand the sale of rapid curing materials and equipment, across the globe.
September, 2020: AkzoNobel announced the complete acquisition of Stahl Performance Powder Coatings, to expand its range of products to heat sensitive substrates.

Author Credits: Rajrani Baghel

Report ID: 3891
Published Date: Dec 26, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of UV coatings is assessed at USD 4.66 billion.

Ultraviolet (UV) Coatings Market size was over USD 4.46 billion in 2024 and is projected to reach USD 8.73 billion by 2037, witnessing around 5.3% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is poised to dominate majority revenue share by 2037, led by presence of large chemical industry in the region.

The major players in the market are PPG Industries, Inc., BASF SE, Akzo Nobel N.V., Carl Zeiss AG, Essilor International, Hoya Corporation, Koninklijke DSM N.V., Sherwin-Williams Company, and others.