Lucintel's latest market report analyzed that radiation curable speciality coating provides attractive opportunities in the paper and film, industrial, printing inks, plastic, electronic products, wood, adhesive, and glass applications. The radiation curable speciality coating market is expected to reach $7.5 billion by 2028 with a CAGR of 6.5%. In this market, oligomers is the largest segment by raw material, whereas industrial is largest by application.
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Based on raw material, the radiation curable speciality coating market is segmented into oligomers, monomers, photoinitiators, and additives. The oligomers segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing demand for oligomers due to its lower molecular weight and huge functionality.
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The Radiation Curable Speciality Coating Market is marked by the presence of several big and small players. Some of the prominent players offering radiation curable speciality coating include Sherwin-Williams, PPG, Axalta Coating Systems, BASF SE, and Akzo Nobel.
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