UV-cured Powder Coatings Market Size, Share, Trends, Growth Outlook

UV-cured Powder Coatings Market is estimated to increase at a growth rate of 8.5% CAGR over the forecast period from 2024 to 2030.

The UV-cured Powder Coatings Market study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments including By Application (Furniture, Transportation, Healthcare, Others), By Type (Epoxy, Epoxy polyester hybrid, Others).

 

An Introduction to UV-cured Powder Coatings Market in 2024

The UV cured Powder Coatings market is witnessing significant growth in 2024, driven by its applications in automotive, furniture, appliances, electronics, and architectural industries for providing durable, high-performance, and environmentally friendly coatings on metal, plastic, and wood substrates. UV cured powder coatings, formulated with photoinitiators and resin systems, undergo rapid curing when exposed to ultraviolet light, resulting in seamless finishes with excellent adhesion, chemical resistance, and color stability. Market dynamics are influenced by factors such as sustainability initiatives, regulatory restrictions on volatile organic compounds (VOCs), and technological advancements in UV curing equipment. Furthermore, innovations in powder coating formulations, curing processes, and application methods contribute to market expansion, fostering efficiency and environmental stewardship in the UV cured Powder Coatings market.

UV cured Powder Coatings Market Trend: Rising Demand for High-Performance Coatings with Environmental Benefits

A significant trend in the UV cured powder coatings market is the rising demand for high-performance coatings with environmental benefits. As industries seek coatings that offer superior durability, resistance to corrosion, and aesthetic appeal, there is a growing preference for UV cured powder coatings. These coatings provide excellent adhesion, abrasion resistance, and color retention properties while minimizing environmental impact. UV curing technology eliminates the need for solvents, reduces volatile organic compound (VOC) emissions, and improves production efficiency, making UV cured powder coatings an eco-friendly alternative to conventional solvent-based coatings. The trend towards environmentally friendly coatings drives innovation in UV curing technologies and expands the application scope of UV cured powder coatings across various industries.

UV cured Powder Coatings Market Driver: Stringent Regulations and Sustainability Initiatives in Coatings Industry

A key driver propelling the UV cured powder coatings market is the implementation of stringent regulations and sustainability initiatives in the coatings industry. With increasing regulatory pressure to reduce emissions, minimize environmental impact, and improve worker safety, coating manufacturers are transitioning towards sustainable and eco-friendly coating solutions. UV cured powder coatings, which comply with VOC regulations and offer energy efficiency benefits, align with sustainability goals and regulatory requirements. Moreover, corporate sustainability initiatives, green building certifications, and consumer preferences for eco-friendly products further drive the adoption of UV cured powder coatings in architectural, automotive, and industrial applications, stimulating market growth and fostering innovation in coating technologies.

UV cured Powder Coatings Market Opportunity: Expansion of UV Cured Powder Coatings in Automotive and Aerospace Sectors

An emerging opportunity within the UV cured powder coatings market lies in the expansion of coatings applications in the automotive and aerospace sectors. With increasing demand for lightweight materials, fuel efficiency, and aesthetic appeal in automotive and aerospace manufacturing, there is a growing need for high-performance coatings that meet stringent performance requirements. UV cured powder coatings offer advantages such as superior adhesion, chemical resistance, and UV stability, making them suitable for exterior and interior applications in automotive and aerospace industries. By targeting these high-value market segments and developing specialized formulations for automotive coatings, aerospace coatings, and other demanding applications, UV cured powder coatings manufacturers can capitalize on opportunities for growth, innovation, and market differentiation.

 

UV cured Powder Coatings Market Segmentation

By Application
Furniture
Transportation
Healthcare
Others
By Type
Epoxy
Epoxy polyester hybrid
Others

Geographical Analysis
North America (United States, Canada, Mexico)
Europe (Germany, France, United Kingdom, Spain, Italy, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

 

UV cured Powder Coatings Market Companies

Alberdingk Boley GmbH
Allnex GMBH
Arkema Group
Axalta Coating Systems Ltd
BASF SE
Covestro AG
Engineering and Chemical India Pvt. Ltd
Eternal Materials Co. Ltd
Hitachi Ltd
Keyland Polymer Material Sciences LLC
Koninklijke DSM NV
Mitsubishi Chemical Group Corp
Miwon Specialty Chemical Co. Ltd
Orkla ASA
PPG Industries Inc
The Sherwin Williams Co.
Toagosei Co. Ltd
Wanhua Chemical Group Co. Ltd

 

Reasons to Buy the UV-cured Powder Coatings Market Study

• Deepen your industry insights and navigate uncertainties for strategy formulation, CAPEX, and Operational decisions
• Gain access to detailed insights on the UV-cured Powder Coatings Market, encompassing current market size, growth trends, and forecasts till 2030.
• Access detailed competitor analysis, enabling competitive advantage through a thorough understanding of market players, strategies, and potential differentiation opportunities
• Stay ahead of the curve with insights on technological advancements, innovations, and upcoming trends
• Identify lucrative investment avenues and expansion opportunities within the UV-cured Powder Coatings Market industry, guided by robust, data-backed analysis.
• Understand regional and global markets through country-wise analysis, regional market potential, regulatory nuances, and dynamics
• Execute strategies with confidence and speed through information, analytics, and insights on the industry value chain
• Corporate leaders, strategists, financial experts, shareholders, asset managers, and governmental representatives can make long-term planning scenarios and build an integrated and timely understanding of market dynamics
• Benefit from tailored solutions and expert consultation based on report insights, providing personalized strategies aligned with specific business needs.

TABLE OF CONTENTS

1 Introduction to 2024 Thermosetting Plastics Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Analyzed
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Thermosetting Plastics Market Size Outlook, $ Million, 2021 to 2030
3.2 Thermosetting Plastics Market Outlook by Type, $ Million, 2021 to 2030
3.3 Thermosetting Plastics Market Outlook by Product, $ Million, 2021 to 2030
3.4 Thermosetting Plastics Market Outlook by Application, $ Million, 2021 to 2030
3.5 Thermosetting Plastics Market Outlook by Key Countries, $ Million, 2021 to 2030

4 Market Dynamics
4.1 Key Driving Forces of Thermosetting Plastics Market Industry
4.2 Key Market Trends in Thermosetting Plastics Market Industry
4.3 Potential Opportunities in Thermosetting Plastics Market Industry
4.4 Key Challenges in Thermosetting Plastics Market Industry

5 Market Factor Analysis
5.1 Competitive Landscape
5.1.1 Global Thermosetting Plastics Market Share by Company (%), 2023
5.1.2 Product Offerings by Company
5.2 Porter’s Five Forces Analysis

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Thermosetting Plastics Market Outlook By Segments
7.1 Thermosetting Plastics Market Outlook by Segments
By Type
Unsaturated Polyesters
Polyurethanes
Phenolic
Epoxy
Amino
Alkyd
Vinyl Ester
Others
By End-user
Construction
Adhesive and Sealants
Electronics and Appliances
Automotive
Others

8 North America Thermosetting Plastics Market Analysis And Outlook To 2030
8.1 Introduction to North America Thermosetting Plastics Markets in 2024
8.2 North America Thermosetting Plastics Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Thermosetting Plastics Market size Outlook by Segments, 2021-2030
By Type
Unsaturated Polyesters
Polyurethanes
Phenolic
Epoxy
Amino
Alkyd
Vinyl Ester
Others
By End-user
Construction
Adhesive and Sealants
Electronics and Appliances
Automotive
Others

9 Europe Thermosetting Plastics Market Analysis And Outlook To 2030
9.1 Introduction to Europe Thermosetting Plastics Markets in 2024
9.2 Europe Thermosetting Plastics Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Thermosetting Plastics Market Size Outlook By Segments, 2021-2030
By Type
Unsaturated Polyesters
Polyurethanes
Phenolic
Epoxy
Amino
Alkyd
Vinyl Ester
Others
By End-user
Construction
Adhesive and Sealants
Electronics and Appliances
Automotive
Others

10 Asia Pacific Thermosetting Plastics Market Analysis And Outlook To 2030
10.1 Introduction to Asia Pacific Thermosetting Plastics Markets in 2024
10.2 Asia Pacific Thermosetting Plastics Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Thermosetting Plastics Market size Outlook by Segments, 2021-2030
By Type
Unsaturated Polyesters
Polyurethanes
Phenolic
Epoxy
Amino
Alkyd
Vinyl Ester
Others
By End-user
Construction
Adhesive and Sealants
Electronics and Appliances
Automotive
Others

11 South America Thermosetting Plastics Market Analysis And Outlook To 2030
11.1 Introduction to South America Thermosetting Plastics Markets in 2024
11.2 South America Thermosetting Plastics Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Thermosetting Plastics Market size Outlook by Segments, 2021-2030
By Type
Unsaturated Polyesters
Polyurethanes
Phenolic
Epoxy
Amino
Alkyd
Vinyl Ester
Others
By End-user
Construction
Adhesive and Sealants
Electronics and Appliances
Automotive
Others

12 Middle East And Africa Thermosetting Plastics Market Analysis And Outlook To 2030
12.1 Introduction to Middle East and Africa Thermosetting Plastics Markets in 2024
12.2 Middle East and Africa Thermosetting Plastics Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Thermosetting Plastics Market size Outlook by Segments, 2021-2030
By Type
Unsaturated Polyesters
Polyurethanes
Phenolic
Epoxy
Amino
Alkyd
Vinyl Ester
Others
By End-user
Construction
Adhesive and Sealants
Electronics and Appliances
Automotive
Others

13 Company Profiles
13.1  Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
List of Companies
Alchemie Ltd
Asahi Kasei Corp
BASF SE
BUFA GmbH & Co. KG
Celanese Corp
Daicel Corp
DSM
Eastman Chemical Company
INEOS
Kanoria Chembond Pvt. Ltd
Lanxess AG
LG Chem
Mitsubishi Engineering-Plastics Corp
NIHON GOSEI KAKO Co. Ltd
Polynt S.p.A.
Resonac Holdings Corp
Solvay
Sumitomo Bakelite Co. Ltd
U-PICA Company Ltd
Westlake Corp

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

UV-cured Powder Coatings Market Segmentation

By Application

• Furniture
• Transportation
• Healthcare
• Others

 

By Type

• Epoxy
• Epoxy polyester hybrid
• Others

 

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)