UV Coatings Market to Witness Comprehensive Growth by 2027

Posted by Akanksha Jain on December 14th, 2020

UV coating is a shiny and glossy liquid coating that is applied to the printed surface of the paper using a special ultraviolet light system. It provides a high-gloss finish with exclusive effects such as matte, tints, satin and even special scents. It is healed immediately after application and also provides security by having an extremely hard finish. It also saves energy as these inks are easy to cure and use less energy than conventional coatings that need high heat to evaporate water.

The global demand for UV coatings market accounted for US,794.5 million in volume and 415.5 kilo tonnes in 2018.

The growing trend in the use of water-borne coatings over solvent-based coatings is expected to boost market growth over the forecast period. For example, in July 2019, Allnex, a leading global in energy-curable technology for automotive, graphics, consumer electronics, plastics and special purpose coatings and inks, announced today the launch of its latest UCECOAT® 7738, designed for industrial wood applications specifically for clear and white pigmented systems. The new addition to water-borne UV-curable resins, UCECOAT® 7738 is a Tin-free and label-free UV-curable polyurethane dispersion for transparent and white pigmented wood substrates coatings.

In terms of composition, the demand for photo-initiators was estimated at US$ 1,646.8 million in 2018 and is projected to hit US$ 2,794.6 million by 2027 at a CAGR of 6.0 per cent between 2019 and 2027.

To Further Information about UV Coatings Market @ https://www.globenewswire.com/news-release/2020/05/20/2036515/0/en/UV-Coatings-Market-to-reach-US-6-563-6-Million-globally-by-end-of-2027-Coherent-Market-Insights.html