Ultraviolet (UV) Coatings Market - Forecast(2022 - 2027)
Ultraviolet (UV) Coatings Market Overview Ultraviolet (UV) coatings market size is forecast to reach US$7.8 billion by 2026, after growing at a CAGR of 8.7% during 2021-2026. The main factors driving the growth of this industry are the flourishing construction industry as well as the awareness of eco-friendly products. Another important reason is its superior performance when compared to other coatings. In the preparation of Ultraviolet (UV) cured coating a formulation of several ingredients is hardened by means of ultraviolet radiation, which forms free radicals which in turn starts the light induced polymerisation process of the reactive double bonds in the coating formulation. This is a kind of surface treatment that can be added to various substrates such as plastic, paper, glass, wood, metals and many others. The ongoing trend is using 100 percent solids UV which are a combination of monomers, oligomers, and photoinitiators that require no carrier solvents to flash as part of the...