UV Coatings Market Positive Long-term Growth Outlook 2020-2027
The latest report about the UV Coatings Market provides a detailed evaluation of the business vertical in question, alongside a brief overview of the industry segments. An exceptionally workable estimation of the present industry scenario has been delivered in the study, and the UV Coatings Market size with regards to the revenue and volume have also been mentioned. In general, the research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.
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Growing consumption of UV coatings in the wood and furniture industry due to its low VOC emission, offer fast curing and smooth surface finish, and enhanced durability. Also, growing wood and furniture industry is another major factor projected to fuel the market growth. According to the FIRA, the £17.5 billion consumer expenditure on furniture and furnishings in 2017 represented a 21% increase from 2014. Year on year growth from 2014 to 2016 was 6.9% and 4.8% respectively. However, growth from 2016 to 2017 was higher at 7.9%.
Booming electronics industry around the globe is expected to offer enormous growth opportunity to the market of UV coatings. UV based coatings are widely used in electronic and optical industry such as the advent of UV based LEDs and optical storage devices that has different end-use application. For instance, in March 2019, CEL has announced a new family of Deep UltraViolet (UV-C) LEDs for a wide range of sterilization and disinfection applications such as consumer goods such as self-disinfecting holders for toothbrushes and kitchen utensils as well as sterilizing wands for items such as smartphones, tablets, and keyboards.
Players active in the market are BASF SE, Akzo Nobel N.V., Arkema Group, PPG Industries Inc., Axalta Coating System LLC., The Valspar Corporation, The Sherwin-Williams Company, Croda International Plc., Watson Coatings, Inc., Allnex Belgium SA/NV, Sokan New Materials, and Dymax Corporation.
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What will you get in this report?
• An exhaustive analysis of the UV Coatings market with detailed studies on different topics that will help key players to create effective development strategies and strengthen a strong position in the UV Coatings industry.
• It gives a complete mapping of the behaviors of UV Coatings market contributors and the vendor landscape. Existing companies could use the report to prepare themselves well to face future market challenges and strongly compete in the UV Coatings market.
• Also, the analysts have provided a thorough assessment of the impact of these strategies on UV Coatings market growth and competition and many more
• A competitive portfolio of UV Coatings market in the different regions including their growth factors, pitfall challenges, investment structure, advancement in all aspects, customer base etc.
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