UV Coatings Market Outlook 2022 Pricing Strategy, Industry Latest News, Top Company Analysis, Research Report Analysis and Share by Forecast 2031
The global UV coatings market reached a valuation of US$ 3.6 Bn in 2021. The growing use of UV coatings in the wood and furniture industry to provide a glossy finish and protect print marketing items from scratches is expected to boost sales at a 5.2% CAGR , with the market valuation reaching US$ 6 Bn in 2031. Green coatings are the latest trend in the UV coatings market. These coatings are environment friendly that help reduce pollution at any stage of the process. They are normally more expensive than other paints and coatings on the market; however, they are more advantageous and have comparable performance characteristics to regular hazardous paints. Green coatings are becoming more popular in the coating industry as environmental regulations and standards become more stringent, particularly in Europe and North America. As a result, the demand for UV curable coatings is booming. UV coatings for woods and glass give printed produc...