Radiation-Cured Products and Adhesives Market to Reach 358.4 Metric Tons by 2012
According to a new report by Global Industry Analysts, the radiation-cured products and adhesives market is forecast to reach 358.4 thousand metric tons by 2012. Stringent environmental regulations pertaining to VOC emissions and excellent features of radiation-cured products are driving the growth of the radiation-cured products and adhesives market.
Growing environmental concerns are aiding the environment-friendly rad-cure coatings to make a stronger presence in the market. Spurred by the favorable trends, the global radiation-cured products and adhesives market is poised to touch 358.4 thousand metric tons by 2012.
According to Global Industry Analysts, in the global scenario, the radiation-cured products and adhesives market is registering robust growth with increasing number of sectors and regions adopting the technology.
Radiation processing has attained the proportions of a giant industry, especially the rad-cure sectors of coatings, adhesives and inks. The technically advanced radiation-cured sector has boomed into a profit-generating specialty business for additive, monomer and oligomer producers and also formulated product suppliers and equipment producers.
UV- and EB-cured systems jointly continue to account for a meager share of the entire industrial coatings, adhesives and inks market. The rad-cured products are marketed at a premium price on account of their exclusive characteristics as well as advanced technical features.
A rapid growth is experienced in furniture, medical and automotive industries due to increased flexibility in formulations and awareness of the product quality. Manufacturers are attracted towards UV/EB technology due to the higher manufacturing efficiencies and low cost of production. Suppliers increased the number of products that are used by manufacturers to design radiation-cured coatings. Advanced technologies based on EB and UV are being developed to make formulating the paint an easy task.
In “Radiation Cured Products & Adhesives: A Global Strategic Business Report,” Europe constitutes the largest regional market for radiation-cured products and adhesives. In terms of value sales, the U.S. represents the largest regional market for radiation-cured products and adhesives. Asia Pacific is poised to register the fastest compounded annual rate of growth both in terms of volume and value over the period 2006-2015.
Leading global and regional players dominating the market include 3M Company, Ashland Inc, BASF SE, Bayer MaterialScience AG, Ciba Specialty Chemicals Holding Inc., Cognis GmbH, Craig Adhesives and Coatings, Cytec Industries Inc., DIC Corporation/Sun Chemical Corporation, DYMAX Corporation, Flint Group, FUJIFILM Sericol UK Ltd., H.B. Fuller Company, Hexion Specialty Chemicals, LORD Corporation, PPG Industries Inc, Rohm and Haas Company, Royal DSM N.V., and The Dow Chemical Company, among others.
“Radiation Cured Products and Adhesives: A Global Strategic Business Report,” from Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, product profile, players, competition, recent developments, mergers, acquisitions and other strategic industry activities. Analysis is presented for the period 2006-2015 for major geographic markets such as the U.S., Canada, Japan, Europe, Asia Pacific and rest of the world. Global and regional analytics for volume and value are provided in terms of product segments, including radiation-cured coatings, radiation-cured inks and radiation-cured adhesives.
For more details about this research report, contact Global Industry Analysts at (408) 528-9966; fax: (408) 528-9977; web: http://www.strategyr.com.
Global Industry Analysts, Inc. is globally recognized as one of the world’s largest market research publishers. The company employs more than 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of more than 60,000 smaller research products, including company reports, market trend reports and industry reports encompassing all major industries worldwide.