- The key vendors in the global UV cured powder coatings market 2015-2019 are Keyland Polymers, Naber and Protech Oxyplast.
London, 11 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global UV cured powder coatings market 2015-2019. With the need for sustainable coating products with longer shelf life, ease of application, and shorter process time, coating manufacturers are working toward developing UV-cured powder coatings for newer substrates such as heat-sensitive substrates, including MDF, composites, and plastics. The global UV-cured powder coatings market is expected to grow at a CAGR of 6.91% during 2015-2019.
Ease of application of UV-cured powder coatings on industrial and commercial substrates, compared to waterborne and solvent-borne coatings, has led to significant increase in the use of these products among consumers.
“Currently, UV-cured waterborne coatings are being increasingly used for on-site flooring applications, where the process of curing is carried out by deploying a specially developed machine fitted with low-energy UV lamps,” says Faisal Ghaus, Vice President of Technavio Research.
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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