Radiation curable coatings are formulated materials which cross-linked or cured using high-intensity radiation, and their formulation contains a reactive liquid vehicle, pigments, and conventional additives. According to BlueQuark Research & Consulting, the global radiation-curable coatings market is expected to witness a considerable growth rate during the forecasted period. Factors, the increasing demand for infrastructure projects resulting in surging in the wood coating, have primarily driven the radiation-cured coating market in the forecasted period. The development of new technologies has boosted the market. Further, the rising steel demand from these industries' energies is expected to drive the radiation-cured coating market in the forecasted period. Furthermore, the growing environmental compliance with the technology also requires radiation-curable layers. Radiation curable coating using UV technology offer an advantage, such as the ability to coat on heat-sensitive, improving performance that is scratch & stain resistance of the plastics. Such benefits are driving the growth of radiation-cured coating on plastics. However, the high price of radiation curable coatings raw materials can hinder the market's development.

Radiation cured coatings are used for various materials such as wood, glass, plastics, and paper and are also used as temporary & permanent protective coatings for metal tubes & pipes, fence posts, electrical conduit, and sprinkler system mechanical tubing. It is also used as a protective film for construction steel and aluminum. 

The demand for radiation-curable coatings is primarily driven by multiplication in infrastructure activities resulting in the surging demand for wood coatings. Increased spending on housing and interior design across various developed nations is projected to have profitable growth opportunities for the overall radiation-curable coating market. Radiation curable coatings are polymer coatings, either cured by ultraviolet or electron beam radiation, used for various materials such as wood, metal, glass, plastic, and paper. These formulations are widely used in adhesives, inks, and electronics cross-linked by high-intensity ultraviolet or electron beam energy sources. The increasing adoption of solvent-free technologies drives the market to meet environmental restrictions. Radiation curing systems, which are environmentally sound, save energy & emit virtually no VOCs, are increasing, enabling companies to produce products faster, more efficiently, & with better end-use product performance & longevity. Urethane acrylate UV curable coatings are noted for their high performance. So they gained widespread acceptance because of their overall balance of properties, high impact & tensile strength, abrasion resistance & toughness combined with excellent resistance to chemicals & solvents. Moreover, environmental compliance with this technology has also contributed to the market's growth. Radiation is a technology that produces minimal waste and is later disposed of as ordinary waste. The global industry for radiation cure coatings exhibits a high degree of backward integration owing to most radiation cure coating manufacturers engaged in producing feedstock materials.

Asia Pacific region accounted for the largest radiation-curable coating market in terms of volume due to significant manufacturing hubs in the area, accompanied by rising spending in the industrial sector and infrastructure developments in developing countries such as China, India & Indonesia. Radiation curable coating is gaining widespread acceptance in many niche applications due to advantages including ease of use, fast cure & low-temperature healing. Economic benefits, rapid curing & drying, low energy consumption during the manufacturing process, and superior hardness & abrasion resistance properties of these coatings have also contributed to the market's growth. Metal forms a chief component in most industrial applications. The various types of metals, which are extensively utilized in industrial applications, are untreated and phosphate-treated steel, galvanized steel, brass, nickel, magnesium, aluminum, and copper. Radiation-cured coatings provide corrosion protection and abrasion resistance, impart functional (anti-fingerprint) and desired appearance (gloss) properties, and enhance the impact and chemical and scratch resistance to different metal substrates. The most general example is coil coating, which is worn on metal substrates to manufacture housings for electronic devices, appliances, and metal packaging involving available lines, food and beverage, aerosol, and specialty cans. Radiation curable coatings are also utilized as temporary and permanent protective coatings for metal tubes and pipes, fence posts, electrical conduit, sprinkler systems, and mechanical tubing and are also used as protective films for construction steel and aluminum. In addition, radiation curing coatings are also used as abrasion and heat-resistant coatings for magnetic wires used in transformers, engines, and other electrical components. Radiation repairable coated products benefit the Burgeoning food & Non-food packaging Industry due to its strong growth in the food packaging sector. Printed electronics also has a high growth market for radiation-cured coatings. Paper industry demand for deinkable radiation cured inks. Ultra Violet curable coatings & inks are being increasingly produced, which exhibit the potential for widespread consumption in transdermal patches, electroluminescent, portable photovoltaics, and organic light-emitting diodes. Moreover, the increasing trend toward implementing bio-based materials in radiation cure products is also expected to provide new opportunities for the market's growth. However, in North–America, a moderate growth rate is anticipated due to saturation in existing applications or end-use industries driven in the region. These will be driven by developments of new applications like water-based UV coatings, field, applied floor coating, and inkjets, among others.

Some market key players are The Sherwin – Williams Company, PPG Industries Inc., Axalta Coating System, Watson Coating Inc., Royal DSM N V., and AkzoNobel NV.

In July 2019, wood-burning was demonstrated through new Amarium Pre-Catalyzed Lacquers technology from Axalta Coatings System. 

Global Radiation Curable Coating Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Radiation Curable Market by segmenting based on Raw Materials (Oligomers, Monomers, Photoinitiators, Additives), Formulation (Ultraviolet curing, Electron Beam curing), Applications (Wood, Industrial, Paper & Film, Printing Inks, Plastics, Electronic Products, Glass, Adhesives, Others). The report examines the market drivers and restraints and the impact of Covid-19 on the market growth in detail. The study covers emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.