UV-cured Powder Coatings Market | Size, Share, Trends, Analysis and Forecast | Research Report by Technavio

LONDON--(BUSINESS WIRE)-- The global UV-cured powder coatings market size is poised to grow by USD 471.86 million during 2020-2024, progressing at a CAGR of almost 8% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

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The increasing use of UV-cured powder coating in MDF will be one of the key factors that will drive the growth of this industry during the forecast period. MDF is an engineered wood product manufactured by combining wood fiber and resin. Various water-borne and solvent-borne MDF coatings are extensively used to promote durability and reliability. However, the increased durability and faster setting time of UV-cured powder coatings has encouraged the vendors and end-users of MDF to prefer UV-cured powder coatings over conventional coating products. This increasing use of UV-cured powder coating will result in the growth of this industry during the forecast period.

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Report Highlights:

  • The major UV-cured powder coatings market growth came from the epoxy powder coating segment. UV-cured epoxy powder coating protects metals from rusting and corrosion and offers scratch resistance.
  • APAC was the largest UV-cured powder coatings market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the booming electronics and transportation sectors.
  • The global UV-cured powder coatings market is fragmented. Akzo Nobel NV, Allnex Netherlands BV, Axalta Coating Systems Ltd., BASF SE, Keyland Polymer Material Sciences LLC, Koninklijke DSM NV, Orkla ASA, PPG Industries Inc., The Sherwin-Williams Co., and Toagosei Co. Ltd, are some of the major market participants. To help clients improve their market position, this UV-cured powder coatings market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the global UV-cured powder coatings market 2020-2024 is expected to have a neutral impact. As the pandemic spreads in some regions and plateaus in other regions, we continue to re-evaluate the impact on businesses and update our report forecasts.

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The introduction of new products will be a Key Market Trend

The vendors in the UV-cured powder market are focusing on integrating improved technologies and investing heavily in R&D activities to offer differentiated product offerings. Thus, the advances in technology and new product launches by leading vendors will drive the market growth during the forecast period.

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UV-cured Powder Coatings Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist UV-cured powder coatings market growth during the next five years
  • Estimation of the UV-cured powder coatings market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the UV-cured powder coatings market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of UV-cured powder coatings market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Furniture - Market size and forecast 2019-2024
  • Transportation - Market size and forecast 2019-2024
  • Healthcare - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Application

Market Segmentation by Resin type

  • Market segments
  • Comparison by Resin type
  • Epoxy - Market size and forecast 2019-2024
  • Epoxy polyester hybrid - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Resin type

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Akzo Nobel NV
  • Allnex Netherlands BV
  • Axalta Coating Systems Ltd.
  • BASF SE
  • Keyland Polymer Material Sciences LLC
  • Koninklijke DSM NV
  • Orkla ASA
  • PPG Industries Inc.
  • The Sherwin-Williams Co.
  • Toagosei Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Source: Technavio Research

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