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Monday, 13 July 2020
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Markets & companies, Coatings market

Markets for radiation-curable raw materials and formulations to grow

Thursday, 22 April 2010

According to IAL’s study, the Asia-Pacific market for formulated radiation-curable products is expected to grow between 5 and 6% per year.

The use of most types of radiation-curable raw materials is growing at between 3 % and 5 % per year. Source: IAL Consultants

The use of most types of radiation-curable raw materials is growing at between 3 % and 5 % per year. Source: IAL Consultants

The use of most types of radiation-curable raw materials is growing at between 3 % and 5 % per year. The study "Global Overview of the Radiation Curing Market" by IAL Consultants provides an overview of the 2009 market sizes for radiation-curable raw materials and formulations, together with trends which are driving these two segments. The radiation-curable raw material market reached 378,000 tonnes in 2009, being led by the acrylated oligomers and diluents segment, which accounts for 43 % of all the raw materials in use. The global market for formulated radiation-curable products amounted to just over 464,000 tonnes in 2009. In the EMEA region, industrial coatings represent the largest segment at 85,740 tonnes, while in the Americas, the graphic arts segment is the largest at 55,900 tonnes. The regional Asia-Pacific market is led by opto-electronics applications (91,850 tonnes), while the fourth key application segment of radiation-curable adhesives is the minnow in every region, amounting to a global market of just over 16,900 tonnes. Little change is to be expected in any of these placings and strengths over the next five years; the Asia-Pacific market is expected to outpace the other two regional markets in terms of growth, coming in at between 5 and 6% per year.

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