North America UV Cured Coatings Market Outlook, 2028

The North American UV-cured coating market was valued at USD 1.77 billion in 2022, owing to advancements in UV-curd coating technology.

Featured Companies

  • 1. Basf SE
  • 2. Arkema S.A.
  • 3. Ppg Industries
  • 4. Wacker Chemie AG
  • 5. Covestro
  • 6. Akzo Nobel N.V
  • More...

The North American UV-Cured Coating Industry stands as a shining beacon of innovation and excellence, driving advancements in surface coating technology across the continent. With its unwavering commitment to quality and cutting-edge processes, this industry has emerged as a formidable force, transforming the way coatings are applied and revolutionising numerous sectors. From the bustling streets of urban metropolises to the sprawling landscapes of picturesque towns, UV-cured coatings have left an indelible mark on diverse industries, including automotive, electronics, printing, packaging, and beyond. With an unwavering dedication to environmentally friendly practises, these coatings have ushered in a new era of sustainability, minimising harmful emissions and maximising efficiency. Powered by the brilliance of ultraviolet light, these coatings swiftly cure to perfection, epitomising speed, precision, and productivity. Unleashing a kaleidoscope of possibilities, North America's UV-Cured Coating industry has carved a niche for itself, adorning surfaces with a resplendent blend of durability, elegance, and protection. As this industry continues to illuminate the realms of creativity and functionality, it remains at the forefront of progress, beckoning a future where innovation knows no bounds. UV-cured coatings started gaining attention as an alternative to solvent-based coatings. The need for environmentally friendly and efficient coating solutions drove the exploration of UV technology. Initially, UV coatings were primarily used in niche applications due to limitations in equipment and formulation technologies. However, as advancements in UV curing systems and formulation chemistry progressed, the potential of UV-cured coatings began to be realised. According to the research report "North America UV Cured Coating Market Outlook, 2028," published by Bonafide Research, the North America UV Cured Coating market was valued at USD 1.77 Billion in 2022. On-going research and development in UV-curing technology have led to the development of new formulations and improved performance characteristics. These advancements, such as enhanced adhesion, scratch resistance, and flexibility, have expanded the application possibilities for UV-cured coatings. With a growing emphasis on sustainability, many businesses are adopting UV-cured coatings as part of their eco-friendly initiatives. These coatings offer energy efficiency, reduced waste, and a smaller carbon footprint compared to conventional coating methods. The North American economy has shown resilience and growth over the years, which positively impacts the industrial and manufacturing sectors. This, in turn, drives the demand for UV-cured coatings as companies invest in upgrading their production processes and product offerings. UV-cured coatings offer significant energy savings compared to conventional drying methods. The curing process is rapid and occurs at ambient temperatures, eliminating the need for lengthy drying or curing processes. This energy efficiency appeals to manufacturers looking to reduce their energy consumption and overall production costs. Furthermore, UV-cured coatings cure almost instantly when exposed to UV light, enabling faster production speeds and increased throughput. This rapid curing time reduces manufacturing lead times, improves operational efficiency, and allows for faster product delivery to the market. Based on the composition types, there are oligomers, monomers, photoinitiators, PU dispersions, and others. In the North American market, monomers have the highest market share. Monomers, especially those with high reactivity, contribute to the rapid curing of UV-cured coatings. They facilitate quick polymerization under UV light exposure, leading to faster production speeds and increased efficiency. Monomers are generally readily available and produced at a relatively lower cost compared to other components used in UV-cured coatings, such as oligomers or photoinitiators. Their availability and cost-effectiveness contribute to their higher market share.

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There are several regulations governing the UV-cured coating market in North America. Regulations regarding UV-cured coatings in North America vary depending on the specific country and jurisdiction. Both the United States and Canada have regulations aimed at reducing the use of volatile organic compounds (VOCs) in coatings, including UV-cured coatings. These regulations are designed to minimise the release of harmful emissions into the environment and promote the use of more environmentally friendly coating technologies. Regulatory bodies, such as the Environmental Protection Agency (EPA) in the United States and Environment and Climate Change Canada, have established VOC limits for various coating applications. These limits specify the maximum allowable VOC content in coatings, including UV-cured coatings, in order to mitigate environmental and health impacts. UV-cured coatings typically do not contain ozone-depleting substances (ODS), as they rely on UV light for curing rather than chemical reactions involving ODS. However, a regulation such as the U.S. Clean Air Act and the Montreal Protocol on Substances that Deplete the Ozone Layer govern the use and phase-out of ODS in all industries, including coatings. Occupational health and safety regulations are in place to protect workers involved in the production, handling, and application of UV-cured coatings. These regulations may include guidelines for personal protective equipment, safe handling practises, and exposure limits for potentially hazardous substances. Based on the type segment, there are wood coatings, plastic coatings, overprint varnish, display coatings, and conformal coatings. In the North American market, the wood coating has the highest market share due to the fact that wood is a widely used material in various industries, including furniture, cabinetry, flooring, and construction. UV-cured wood coatings offer excellent adhesion, durability, and aesthetic enhancement to wood substrates, making them a preferred choice for protecting and enhancing the natural beauty of wood products. UV-cured wood coatings provide a high-quality finish and enhance the appearance of wood surfaces. These coatings can offer a range of finishes, from clear coats that highlight the natural grain and colour of the wood to coloured or pigmented coatings that provide a desired aesthetic effect. The ability to achieve a visually appealing finish plays a significant role in the popularity of wood coatings. There has been an increasing trend towards water-based UV-cured wood coatings in North America. These coatings offer low VOC emissions, reduced environmental impact, and improved safety for workers compared to solvent-based coatings. Water-based UV-cured wood coatings are sought after due to their ability to provide excellent clarity, durability, and resistance to yellowing. There has been a growing demand for matte and natural finishes in the wood coating market. Consumers are increasingly drawn to the beauty and authenticity of natural wood. UV-cured wood coatings can achieve a matte or natural finish while providing protection and enhancing the grain of the wood. The trend of customization and personalization has also impacted the wood coating market. Consumers are looking for unique and tailored finishes for their wood products. UV-cured wood coatings offer the flexibility to create custom finishes, including different colours, textures, and effects, allowing manufacturers to meet individual customer preferences. Based on the end-use industry, this includes industrial coating, electronics, and graphic arts. In North America, the UV-cured coating is more commonly used in industrial coatings. UV-cured coatings cure rapidly when exposed to UV light, typically within seconds. This fast curing time allows for quick production turnaround, increased productivity, and reduced production lead times, making UV-cured coatings particularly suitable for industrial applications where efficiency and speed are crucial. UV-curable coatings were commonly used in the wood and furniture industries for coating wooden surfaces, including flooring, cabinets, and furniture pieces. UV coatings offer fast curing times, superior durability, and resistance to scratches and chemicals. Furthermore, in North America, the automotive industry adopted UV-curable coatings for various applications, such as automotive parts, interior trims, exterior components, and clear coatings for automotive refinishing. UV coatings provide excellent gloss, resistance to fading, and enhanced scratch resistance. UV-curable coatings were used in the electronics and electrical industries for circuit boards, printed circuit boards (PCBs), and electronic components. These coatings provided insulation, protection against corrosion, and improved performance.

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Manmayi Raval

Manmayi Raval

Research Consultant

Considered in this report • Geography: North America • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report

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Manmayi Raval

• North America UV Curd Coating market with its value and forecast along with its segments • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report: • United States • Canada • Mexico By Composition • Oligomers • Monomers • Photoinitiators • PU Dispersions • Others By Type • Wood Coatings • Plastic Coatings • Over Print Varnish • Display Coatings • Conformal Coatings By End use industry • Industrial Coatings • Electronics • Graphic Arts The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Smart Lighting industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Basf SE
  • Arkema S.A.
  • Ppg Industries
  • Wacker Chemie AG
  • Covestro
  • Akzo Nobel N.V
  • The Sherwin-Williams Company
  • Nippon Paint Holdings Co., Ltd
  • Axalta Coating Systems Ltd.
  • Brillux GmbH & Co. KG
  • DIC Corporation
  • Croda International plc
  • Cardinal Paint
  • Eternal Materials Co Ltd
  • Ashland Inc.
  • Allnex
  • Fujikura Kasei Co. Ltd.
  • Jainco Industry Chemicals
  • Assa Abloy AB

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Research Methodology
  • 2.1. Secondary Research
  • 2.2. Primary Data Collection
  • 2.3. Market Formation & Validation
  • 2.4. Report Writing, Quality Check & Delivery
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Assumptions
  • 3.3. Limitations
  • 3.4. Abbreviations
  • 3.5. Sources
  • 3.6. Definitions
  • 4. Economic /Demographic Snapshot
  • 5. Global UV Cured Coatings Market Outlook
  • 5.1. Market Size By Value
  • 5.2. Market Share By Region
  • 5.3. Market Size and Forecast, By Composition
  • 5.4. Market Size and Forecast, By Application Type
  • 6. North America UV Cured Coatings Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Country
  • 6.3. Market Size and Forecast, By Composition
  • 6.4. Market Size and Forecast, By Application Type
  • 6.5. Market Dynamics
  • 6.5.1. Market Drivers & Opportunities
  • 6.5.2. Market Restraints & Challenges
  • 6.5.3. Market Trends
  • 6.5.4. Covid-19 Effect
  • 6.5.5. Supply chain Analysis
  • 6.5.6. Policy & Regulatory Framework
  • 6.5.7. Industry Experts Views
  • 6.6. United States UV Cured Coatings Market Outlook
  • 6.6.1. Market Size By Value
  • 6.6.2. Market Size and Forecast By Composition
  • 6.6.3. Market Size and Forecast By Application Type
  • 6.7. Canada UV Cured Coatings Market Outlook
  • 6.7.1. Market Size By Value
  • 6.7.2. Market Size and Forecast By Composition
  • 6.7.3. Market Size and Forecast By Application Type
  • 6.8. Mexico UV Cured Coatings Market Outlook
  • 6.8.1. Market Size By Value
  • 6.8.2. Market Size and Forecast By Composition
  • 6.8.3. Market Size and Forecast By Application Type
  • 7. Competitive Landscape
  • 7.1. Competitive Dashboard
  • 7.2. Business Strategies Adopted by Key Players
  • 7.3. Key Players Market Positioning Matrix
  • 7.4. Porter's Five Forces
  • 7.5. Company Profile
  • 7.5.1. The Sherwin-Williams Company
  • 7.5.1.1. Company Snapshot
  • 7.5.1.2. Company Overview
  • 7.5.1.3. Financial Highlights
  • 7.5.1.4. Geographic Insights
  • 7.5.1.5. Business Segment & Performance
  • 7.5.1.6. Product Portfolio
  • 7.5.1.7. Key Executives
  • 7.5.1.8. Strategic Moves & Developments
  • 7.5.2. PPG Industries, Inc.
  • 7.5.3. Akzo Nobel N.V
  • 7.5.4. BASF SE
  • 7.5.5. DIC Corporation
  • 7.5.6. Eternal Materials Co Ltd
  • 7.5.7. Nippon Paint Holdings Co., Ltd
  • 7.5.8. Croda International plc
  • 7.5.9. Wacker Chemie AG
  • 7.5.10. Axalta Coating Systems Ltd.
  • 7.5.11. Dymax Corporation
  • 7.5.12. Ashland Inc.
  • 7.5.13. Allnex
  • 7.5.14. Covestro AG
  • 7.5.15. Arkema S.A.
  • 7.5.16. Fujikura Kasei Co. Ltd.
  • 7.5.17. The Dow Chemical Company,
  • 7.5.18. Cardinal Paint
  • 7.5.19. Master Bond Inc
  • 8. Strategic Recommendations
  • 9. Annexure
  • 9.1. FAQ`s
  • 9.2. Notes
  • 9.3. Related Reports
  • 10. Disclaimer

List of Tables

Table 1: Global UV Cured Coatings Market Snapshot, By Segmentation (2022 & 2028) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2020
Table 3: Economic Snapshot of Other Prominent Countries 2020
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global UV Cured Coatings Market Size and Forecast, By Composition (2017 to 2028F) (In USD Billion)
Table 6: Global UV Cured Coatings Market Size and Forecast, By Application Type (2017 to 2028F) (In USD Billion)
Table 7: North America UV Cured Coatings Market Size and Forecast, By Composition (2017 to 2028F) (In USD Billion)
Table 8: North America UV Cured Coatings Market Size and Forecast, By Application Type (2017 to 2028F) (In USD Billion)
Table 9: Influencing Factors for Global UV Cured Coatings Market, 2022
Table 10: United States UV Cured Coatings Market Size and Forecast By Composition (2017 to 2028F) (In USD Billion)
Table 11: United States UV Cured Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 12: Canada UV Cured Coatings Market Size and Forecast By Composition (2017 to 2028F) (In USD Billion)
Table 13: Canada UV Cured Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 14: Mexico UV Cured Coatings Market Size and Forecast By Composition (2017 to 2028F) (In USD Billion)
Table 15: Mexico UV Cured Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)

List of Figures

Figure 1: Global UV Cured Coatings Market Size (USD Billion) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Segment 2028
Figure 4: Global UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 5: Global UV Cured Coatings Market Share By Region (2022)
Figure 6: North America UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 7: North America UV Cured Coatings Market Share By Country (2022)
Figure 8: US UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 9: Canada UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 10: Mexico UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2022
Figure 12: Porter's Five Forces of Global UV Cured Coatings Market

Feed Phosphate Market Research FAQs

UV curable coatings are known for their low VOC (volatile organic compound) content and fast curing times. Once fully cured, they generally do not emit harmful fumes or odors. However, it's advisable to follow proper handling and ventilation guidelines during the application and curing process.

UV curable coatings can be used on outdoor surfaces, but they may require additional UV inhibitors or weather-resistant additives to withstand prolonged exposure to sunlight, moisture, and outdoor elements effectively.

UV curable coatings can be used for certain food packaging applications, but it's crucial to ensure that the specific coating is approved for food contact and complies with relevant safety regulations.

UV curable coatings primarily offer protective and aesthetic properties for electrical components, such as moisture resistance and corrosion protection. Insulation properties are typically achieved through other specialized materials and processes.

UV curable coatings are commonly used on 3D-printed objects to enhance their surface finish, improve strength, and provide additional protection. They can help achieve a smooth, glossy, or matte appearance on the printed parts.
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North America UV Cured Coatings Market Outlook, 2028

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