Radiation
curable coatings consist of polymer coatings, treated either by
ultraviolet or by electron beam radiation and are used for a variety
of materials such as wood, glass, plastic, metal and paper. Radiation
curable formulations are used in coatings, inks, adhesives, and
electronics. The radiation-cured coating process includes smearing a
low-viscosity mixture consisting of reactive materials and additives
onto a substrate. This mixture is then exposed to ultraviolet
radiation energy or an electron beam for small periods of time. Once
exposed to the radiation, the mixture gets converted instantly into a
cross-linked high-quality coating. The energy required for radiation
curing is gained from particular short-wave radiation sources.
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Curable Coating Market:
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Radiation
curable coatings have numerous advantages, which include low energy
costs, fast curing, and superior surface properties such as improved
corrosion protection for metals. Household uses of radiation curable
coating include ovens, microwaves, refrigerators, dishwashers, cans,
and other packaging. Factors boosting growth of radiation curable
coating market include low volatile organic compound (VOC), low
energy consumption, rapid curing & drying, consistent coating
quality, superior hardness, and abrasion resistance.
Radiation
Curable Coating Market Taxonomy
On
the basis of type of material, the global market is classified into:
-
Monomers
-
Oligomers
-
Additives
-
Photoinitiators
On
the basis of curing technique, the global market is classified into:
-
Electron Beam Curing
-
Ultraviolet Curing
On
the basis of end-use industry, the global market is segmented into:
-
Wood Plastics
-
Printing inks
-
Electronics
-
Paper and film coatings
In
radiation curable coatings, visible light, UV energy, low energy
electrons (EB) are used to form a film, ink or coating as conflicting
to thermal, evaporative, or oxidative (air-dry) cure. In electronics
industry, radiation curable coatings are widely used in
semiconductors, cellular phones and hardware for internet
connectivity, owing to properties such as high-performance,
protection, anti-corrosive and rapid curing abilities. They are also
used in use in insulation of non-magnet wire, magnet wire, and cable
applications.
Radiation
Curable Coating Market Outlook – Increasing Safety Concerns and
Hazard Prevention Expected to Fuel the Demand
Asia
Pacific market is projected to witness relatively high growth in
terms of value over the forecast period. High growth in the regional
market is attributed to increasing population coupled with growth in
the consumer goods and coatings market in emerging economies such as
India and China. According to IBEF, the revenue generated by consumer
goods in India was US$ 11.1 billion in 2015-2016. This trend is
expected to be followed in future. India Brand Equity Foundation
(IBEF) is a Trust founded by the Ministry of Commerce and Industry,
Department of Commerce in collaboration with the Government of India
with the aim of promoting and creating international awareness of
goods manufactured in India.
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High
price of raw materials for radiation curable coating is expected to
be one of the restraining factors for the growth of radiation curable
coating market over the forecast period. Innovation in products and
expansions in different geographies are some of the key strategies
adopted by the top players in the radiation curable coating
industry. Research is in process for the use of radiation
curable coating in Stereolithography. In this process
three-dimensional parts are created from photosensitive resins. In
addition to this, UV-LED curing which will offer distinct advantages
such as long life time, cooler operating conditions and less of a
gradual drop off in energy is being developed. Some of the major
companies operating in the global radiation curable coating market
are Royal DSM, DIC Cytec, Industries Inc., RAHN AG, Allnex, BASF SE,
and Sartomar.
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