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UV Coatings Market Trends

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Report ID: 3891
Published Date: Aug 21, 2024
Report Format: PDF, PPT

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UV Coatings Market Trends

Growth Drivers

Increasing Demand for Quick-Drying Coatings
Rising Consumption of Coatings and Varnishes

Challenges

Low Price Competitiveness
Low Adoption of Bio-Based UV Coatings

Ultraviolet (UV) Coatings Market: Key Insights

Base Year	2023
Forecast Year	2024-2036
CAGR	5.3%
Base Year Market Size (2023)	USD 4.24 billion
Forecast Year Market Size (2036)	USD 8.3 billion
Regional Scope	North America (U.S., and Canada) Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific) Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Latin America (Mexico, Argentina, Brazil, Rest of Latin America) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:

UV Coatings Market Size & Share, Growth Analysis 2036

Author Credits: Rajrani Baghel

Report ID: 3891
Published Date: Aug 21, 2024
Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of UV coatings is evaluated at USD 4.42 billion.

Ultraviolet (UV) Coatings Market size was valued at USD 4.24 billion in 2023 and is projected to exceed USD 8.3 billion by 2036, expanding at over 5.3% CAGR during the forecast period i.e., between 2024-2036. Increasing demand for coatings in construction industry to boost the market growth.

Asia Pacific industry is poised to account for largest revenue share by 2036, led by presence of large chemical industry in the region.

The major players in the market are PPG Industries, Inc., BASF SE, Akzo Nobel N.V., Carl Zeiss AG, Essilor International, Hoya Corporation, Koninklijke DSM N.V., Sherwin-Williams Company, and others.

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