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Radiation Cured Products Market For Coatings, Inks, and Adhesives 2013 - 2019

Transparency Market Research has released a new market report titled “Radiation Cured Products (Coatings, Inks, and Adhesives) Market -Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” which observes that the RCP demand in 2012 was worth USD 4.93 billion and is expected to reach USD 7.93 billionby 2019, growing at a CAGR of 7.0% from 2013to 2019. In terms of volume, the demand for RCPwas 393.6 kilo tons in 2012.

Browse Global Radiation Cured Products Market Report with Full TOC at http://www.transparencymarketresearch.com/radiation-cured-products.html

Radiation cured products (RCP) are obtained after the process of radiation curing.The radiation curing process is instantaneous and requires very less time as compared to the conventional thermal curing process, hence it is used for a wide range of applications. Global demand of RCP is mainly driven by the environmental compliance of this technology and the increase in the infrastructure activities that have led to a rise in demand for wood coatings. These factors are expected to remain the major driving force for the RCP market. Volatile raw material prices are expected to be a key challenge for market participants.

Radiation cured coatings were the predominant RCP product segment in terms of volume, accounting for over 77% of total demand in 2012.The various advantages comprised by this technology are instant curing, low energy consumption, higher productivity, low to none volatile organic compound (VOC) content, and reduction in waste among others. The instant curing time of radcure coatings provide excellent benefits to the manufacturing industries such as higher throughput, reduced floor space and lower energy requirements as compared to the heat cured products.The prime focus of the usage of coatings is on wood, plastic, metal, glass, and paper. These properties are anticipated to be the key driving factors of RCP coatings for the next few years.

Asia Pacific accounted for about 40% of the total Radiation Cured Products Market in 2012, followed by Europe and North America. Asia Pacific is also expected to be the fastest growing regional market in terms of both RCP consumption and production. This can be attributed to the growing economies in this region. Skilled labor, cheap availability of raw materials, equipment, and land has resulted in AsiaPacific emerging as a key destination for RCP producers. In the past few years,various manufacturers have concentrated on capacity expansion in Asia Pacific to increase their production capacities. Europe is the other major region where RCP consumption was very strong and the demand for RCP products in this region is expected to grow with a CAGR of about 4.9% in terms of revenue from 2013 and 2019.

Ashland Inc., BASF SE, Bayer Material Science, Cytech Industries and DIC Corporation are some of the major participants in the RCP industry.

Radiation Cured Product Market – Product Segment Analysis

  • Coatings
  • Inks
  • Adhesives

Radiation Cured Product Market – Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

Related published Report :

Polypropylene Market For Packaging, Automotive, Consumer Products, Electrical & Electronics, Construction and Other End-User Industries – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019

http://www.transparencymarketresearch.com/polypropylene-market.html

The growing demand from end-use industries coupled with technological development is expected to drive polypropylene market during the forecast period. In addition, capacity additions in the Middle East and China are expected to boost the market growth.

This study includes in-depth analysis of the global polypropylene market in terms of volume (million tons\kilo tons) and revenue (USD billion\million) from 2013 to 2019. This study also includes drivers and restraints in the market and upcoming opportunities during the forecast period. The report comprises of market attractiveness analysis and company market share analysis to get a comprehensive view about the market.

 

The market is segmented on the basis of end-use industries of polypropylene and each end-use industry is further analyzed according to the regional demand from 2013 to 2019. The major geographical regions considered in the report include North America, Europe, China, Rest of Asia Pacific and Rest of the World.

 

The report analyzes the overall competition in the market by Porter’s five forces model to study the impact of buyers, suppliers, new entrants, degree of competition and substitutes. It also includes company profiles of the key players in the market such as Braskem, Borouge, ExxonMobil, Formosa Plastics, Japan Polypropylene, INEOs, LyondellBasell, SABIC and Sinopec among others. 

 

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