Introduction
UV curable coatings are a type of coating that can be cured or hardened quickly when exposed to ultraviolet (UV) light. These coatings are gaining popularity due to their many benefits, such as high durability, scratch resistance, and low VOC emissions. The global market for UV curable coatings is highly competitive, with several key players operating in the market.
Key Players in the Market
Some of the key players operating in the UV curable coatings market include:
- Akzo Nobel N.V.
Akzo Nobel N.V. is a Dutch multinational company that produces a wide range of coatings and specialty chemicals. The company’s UV curable coatings are used in various industries, such as automotive, electronics, and packaging.
- PPG Industries, Inc.
PPG Industries, Inc. is an American multinational company that produces paints, coatings, and specialty materials. The company’s UV curable coatings are used in various industries, such as automotive, aerospace, and electronics.
- Sherwin-Williams Company
Sherwin-Williams Company is an American multinational company that produces paints, coatings, and specialty materials. The company’s UV curable coatings are used in various industries, such as automotive, electronics, and packaging.
- BASF SE
BASF SE is a German multinational chemical company that produces a wide range of chemicals, including coatings and plastics. The company’s UV curable coatings are used in various industries, such as automotive, aerospace, and electronics.
- The Valspar Corporation
The Valspar Corporation is an American company that produces paints, coatings, and specialty materials. The company’s UV curable coatings are used in various industries, such as automotive, aerospace, and electronics.
Competitive Landscape
The UV curable coatings market is highly competitive, with several key players operating in the market. These players are focusing on strategies such as mergers and acquisitions, partnerships, and new product development to stay competitive in the market.
In January 2021, PPG Industries, Inc. acquired Ennis-Flint, a global leader in pavement markings and traffic safety solutions. This acquisition is expected to strengthen PPG Industries’ position in the transportation coatings market.
In October 2020, Sherwin-Williams Company announced the launch of its new UV cured primer, which is designed for use in the aerospace industry. This product launch is expected to help the company strengthen its position in the aerospace coatings market.
In May 2020, BASF SE launched its new UV curable coatings for 3D printing applications. This product launch is expected to help the company strengthen its position in the additive manufacturing market.
In March 2020, The Valspar Corporation launched its new UV curable powder coatings, which are designed for use in the furniture industry. This product launch is expected to help the company strengthen its position in the furniture coatings market.
Conclusion
The UV curable coatings market is highly competitive, with several key players operating in the market. These players are focusing on strategies such as mergers and acquisitions, partnerships, and new product development to stay competitive in the market. The increasing demand for eco-friendly coatings and the growing adoption of UV curable coatings in various industries are expected to drive the growth of the market.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Everest Market Insights journalist was involved in the writing and production of this article.
