Radiation-curable coatings are materials that undergo cross-linking or curing through exposure to high-intensity radiation energy, typically from electron beams or ultraviolet light rays. These coatings offer numerous advantages, including rapid curing, reduced energy costs, and improved surface properties. They find application in a wide range of materials, such as wood, metals, glass, plastic, and paper.
The primary types of radiation-curable coatings include UV-curable coatings and EB-curable coatings. UV-curable coatings are cured quickly through UV irradiation and offer functionalities such as scratch resistance, UV protection, chemical resistance, high gloss, matte, and satin finishes. They are utilized in diverse applications such as paper and film coatings, printing inks, wood coatings, plastics, electronic products, and more. End-users of UV-curable coatings encompass various industries, including wood coatings, metal coatings, plastic coatings, printed materials, electronic components, optical coatings, automotive coatings, aerospace coatings, and others.
The radiation-curable coatings market research report is one of a series of new reports from The Business Research Company that provides radiation-curable coatings market statistics, including radiation-curable coatings industry global market size, regional shares, competitors with a radiation-curable coatings market share, detailed radiation-curable coatings market segments, market trends and opportunities, and any further data you may need to thrive in the radiation-curable coatings industry. This radiation-curable coatings market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The radiation curable coatings market size has grown strongly in recent years. It will grow from $8.21 billion in 2024 to $8.76 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to environmental regulations and voc compliance, demand for fast curing solutions, growing end-use industries, increased awareness of sustainability, performance benefits and enhanced durability.
The radiation curable coatings market size is expected to see strong growth in the next few years. It will grow to $10.79 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to continued regulatory emphasis on voc reduction, expansion of high-performance coatings market, growth in emerging applications, increased adoption in the packaging industry, demand for sustainable coating solutions. Major trends in the forecast period include focus on digital printing technologies, technological innovations in uv/eb systems, advancements in uv/eb technology, growing adoption in end-user industries, advancements in formulations and technology.
The expanding automotive industry is poised to drive the growth of the radiation-curable coatings market in the foreseeable future. The term 'automotive industry' encompasses the design, manufacturing, and sale of various vehicles, including cars, trucks, motorcycles, and related components. Within automotive applications, radiation-curable coatings play a vital role by providing fast-curing and durable finishes, contributing to enhanced efficiency and environmental sustainability in the coating process. Notably, data from the European Automobile Manufacturers Association (ACEA) in May 2023 revealed a global production of 85.4 million motor vehicles in 2022, marking a 5.7% increase compared to 2021. Consequently, the upward trajectory of the automotive industry is identified as a significant driver for the radiation-curable coatings market's growth.
Prominent companies operating in the radiation-curable coatings market are strategically focused on the development of innovative coatings to meet the heightened demand in the printing inks industry. One such example is TEGO Rad 2330, a highly crosslinkable additive designed for radiation-curing coatings and inks. This product addresses diverse applications, including a wide range of ink and varnish applications, as well as clear and pigmented wood coatings. Evonik Industries, a Germany-based specialty chemicals company, launched TEGO Rad 2330 in October 2023, emphasizing its advantages such as wetting, anti-crater properties, low foaming, and compatibility with traditional and UV-LED curing methods. Specifically crafted for inks, varnishes, and wood coatings, this product boasts key features such as excellent substrate wetting, good slip properties, non-foaming, strong surface tension reduction, anti-crater effect, slip and release, and excellent low foaming.
In November 2023, Sherwin-Williams Company, a renowned US-based paint and coating manufacturing company, completed the acquisition of Oskar Nolte GmbH and Klumpp Coatings GmbH for an undisclosed amount. This strategic move is aimed at fortifying Sherwin-Williams' position in the industrial wood segment, providing increased stability and innovative solutions within the furniture and flooring market. Oskar Nolte, based in Germany, specializes in the manufacturing of UV-cured coatings. On the other hand, Klumpp Coatings GmbH, also headquartered in Germany, is recognized for its development and production of high-quality and innovative radiation-curable coating systems.
Major companies operating in the radiation curable coatings market report are BASF SE, Bayer Material Science AG, The Sherwin-Williams Company, Evonik Industries AG, Covestro AG, PPG Industries Inc., Arkema Group, Akzo Nobel NV, Royal DSM NV, DIC Corporation, Axalta Coating Systems, Asian Paints, Ashland Global Holdings Inc., Yips Chemical Holding Ltd., Toyo Ink SC Holdings Co Ltd., Allnex Group, Lamberti SpA, IGM Resins BV, Miwon Specialty Chemical Co Ltd., Red Spot Paint & Varnish Co Inc., Dymax Corporation, Sartomer USA LLC, Bomix Chemie GmbH, Soltech Ltd., Sericol Ltd., Chugoku Marine Paints Ltd., Watson Coating Inc., Alpha Coating Technologies, Hempel A/S
North America was the largest region in the radiation curable coatings market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the radiation curable coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the radiation curable coatings market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The radiation curable coatings market consists of sales of produce with a wide range of coatings which include products such as EB-curable inks, EB-curable adhesives, UV-curable resins and coating, sepoxy acrylate, urethane acrylate, polyester acrylate, polyether acrylate, acrylic acrylate, and silicone acrylate. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Radiation Curable Coatings Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on radiation curable coatings market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Where is the largest and fastest growing market for radiation curable coatings ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The radiation curable coatings market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:1) By Type: Uv Curable Coatings; EB Curable Coatings
2) By Function: Scratch-Resistant; Uv Protection; Chemical Resistant; High-Gloss; Matte and Satin
3) By Application: Paper and Film coatings; Printing Inks; Wood; Plastics; Electronic Products; Other Applications
4) By End Use: Wood Coatings; Metal Coatings; Plastic Coatings; Printed Materials; Electronic Components; Optical Coatings; Automotive Coatings; Aerospace Coatings; Other End User
3. Radiation Curable Coatings Market Trends And Strategies
4. Radiation Curable Coatings Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Covid And Recovery On The Market
5. Global Radiation Curable Coatings Growth Analysis And Strategic Analysis Framework
5.1. Global Radiation Curable Coatings PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Radiation Curable Coatings Market Growth Rate Analysis
5.4. Global Radiation Curable Coatings Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Radiation Curable Coatings Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Radiation Curable Coatings Total Addressable Market (TAM)
6. Radiation Curable Coatings Market Segmentation
6.1. Global Radiation Curable Coatings Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Uv Curable Coatings
EB Curable Coatings
6.2. Global Radiation Curable Coatings Market, Segmentation By Function, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Scratch-Resistant
Uv Protection
Chemical Resistant
High-Gloss
Matte and Satin
6.3. Global Radiation Curable Coatings Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Paper and Film coatings
Printing Inks
Wood
Plastics
Electronic Products
Other Applications
6.4. Global Radiation Curable Coatings Market, Segmentation By End Use, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Wood Coatings
Metal Coatings
Plastic Coatings
Printed Materials
Electronic Components
Optical Coatings
Automotive Coatings
Aerospace Coatings
Other End User
6.5. Global Radiation Curable Coatings Market, Sub-Segmentation Of UV Curable Coatings, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
UV Curable Acrylates
UV Curable Epoxies
UV Curable Polyurethanes
UV Curable Polymers
UV Curable Varnishes And Inks
6.6. Global Radiation Curable Coatings Market, Sub-Segmentation Of EB Curable Coatings, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Electron Beam Cured Coatings
EB Cured Acrylic Coatings
EB Cured Epoxy Coatings
EB Cured Polyester Coatings
EB Cured Inks And Adhesives
7. Radiation Curable Coatings Market Regional And Country Analysis
7.1. Global Radiation Curable Coatings Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Radiation Curable Coatings Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion