Market Overview

Radiation curable coatings consist of polymer coatings, treated either by ultraviolet or by electron beam radiation and are used for a variety of materials such as wood, glass, plastic, metal and paper. Radiation curable formulations are used in coatings, inks, adhesives, and electronics. The radiation-cured coating process includes smearing a low-viscosity mixture consisting of reactive materials and additives onto a substrate. This mixture is then exposed to ultraviolet radiation energy or an electron beam for small periods of time. Once exposed to the radiation, the mixture gets converted instantly into a cross-linked high-quality coating. The energy required for radiation curing is gained from particular short-wave radiation sources.

Radiation curable coatings have numerous advantages, which include low energy costs, fast curing, and superior surface properties such as improved corrosion protection for metals. Household uses of radiation curable coating include ovens, microwaves, refrigerators, dishwashers, cans, and other packaging. Factors boosting growth of radiation curable coating market include low volatile organic compound (VOC), low energy consumption, rapid curing & drying, consistent coating quality, superior hardness, and abrasion resistance.

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Market Dynamics

In radiation curable coatings, visible light, UV energy, low energy electrons (EB) are used to form a film, ink or coating as conflicting to thermal, evaporative, or oxidative (air-dry) cure. In electronics industry, radiation curable coatings are widely used in semiconductors, cellular phones and hardware for internet connectivity, owing to properties such as high-performance, protection, anti-corrosive and rapid curing abilities. They are also used in use in insulation of non-magnet wire, magnet wire, and cable applications.

Radiation Curable Coating Market Taxonomy

On the basis of type of material, the global market is classified into:

Monomers

Oligomers

Additives

Photoinitiators

On the basis of curing technique, the global market is classified into:

Electron Beam Curing

Ultraviolet Curing

On the basis of end-use industry, the global market is segmented into:

Wood Plastics

Printing inks

Electronics

Paper and film coatings

Some of the major companies operating in the global radiation curable coating market are Royal DSM, DIC Cytec, Industries Inc., RAHN AG, Allnex, BASF SE, and Sartomar.

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