UV-coating is a process in which surface treatment is preserved by ultraviolet radiation or shields the underlying material from the injurious effects of such radiation. According to BlueQuark Research & Consulting, the global UV-Cured Coatings market is expected to witness a significant growth rate & is expected to grow by a CAGR of approx 7% in the forecast period. Factors such as increased demand for UV-cured coating in various industries such as automotive and aerospace are expected to drive the need for the UV-Cured Coatings market in the forecasted period. Further, increasing demand from the end-user industry and stringent environmental norms are expected to drive the need for the UV-Cured Coatings market in the forecasted period. Furthermore, increasing demand for wood finishing since coated wood enhances the aesthetic appeal and provides surface protection is expected to drive the need for the UV-Cured Coatings market in the forecasted period. However, the high initial equipment costs and difficulty finishing complex 3D objects are some factors restraining the global market's growth. 

The UV-cured coating has wide applications in telecommunication, electronics, graphic arts, automotive, converting, and metal, glass and plastic decoration. 

The need for UV-cured coatings is increasing significantly, mainly in the automotive industry. These coatings, due to their superior physical durability, are highly suitable for applications in the automotive industry. These coatings are utilized in various parts of vehicles, such as forward lightings, exterior plastic parts, and sheet molding compound (SMC) body panels. Further, UV-cured clearcoats are used in the automotive industry. The increasing investments in the automotive industry, primarily to raise production, continuous efforts of the automakers to develop and launch new automobiles, and efforts towards developing and promoting electric vehicles, are likely to drive the automotive industry's growth. UV cured coating are utilized in various parts of electric cars, such as exterior coatings, window coatings, engine components etc. The UV-cured layer is used more in electric vehicles than in non-electric cars as the need to refract UV lights on an electric vehicle holds more importance and significance. UV coatings produced in China are investing in innovation and developing new UV curable coatings by using technologies that minimize the emissions of volatile organic compounds, which is awaited to drive sales in the market. In addition, the presence of a vast automotive industry in China is expected to fuel the growth in the market. Surging demand for UV-resistant paints and coatings in the country will continue pushing sales over the forecasted period. 

Asia Pacific will likely dominate the market due to many end-users in these locations. The governments have made stringent environmental norms, owing to which industries need to follow environmentally safe and friendly processes. The Indian government plans to construct approximately 100 airports in the country by the next decade, increasing the requirement for commercial planes. This trend of capacity addition increases the need for UV-Cured Coatings in MRO services. Green coatings are the riding wave in the coating sector. The coatings that are eco-friendly and help decrease pollution during any of its stages are known as green coatings. These coatings are generally expensive in comparison to the other paints and coatings accessible in the market. At the same time, they are beneficial and show higher/comparable performance properties than conventional toxic paints. Wood finishing is one of the significant applications of UV-cured coatings. UV-cured coatings enhance the wood's glossiness, giving it a more aesthetically pleasing outlook and hugely drives the wood coating in the UV-cured coatings market. Wood furnishings and appliances are usually used in residential and non-residential applications, driving the need for wood finishing in the UV-cured coatings market. Polymer acrylate is used in various end-use industries in a wide range of applications, and it is used in many key-use sectors like automobile, marine, aerospace, industry, electrical appliances and others. The additional advantages of polymer acrylate, like hardness, flexibility, viscosity and refractive index, drive the polymer acrylate segment in the UV cured coatings market. Polymer acrylate also possesses anti-static, film-forming and binding abilities, which helps hold the coatings, insulation and adhesives, which is one of the significant factors fueling the polymer acrylate segment in the UV-cured coatings market.

The global UV-Cured Coatings market is segmented. The primary critical players in the global UV Cured Coating market are PPG Industries, Inc., Nippon Paint Holdings Co., Ltd., Akzo Nobel N.V, Dymax Corporation, and Sherwin-Williams Company, among others.

In September 2020, AkzoNobel purchased Stahl Performance Powder Coatings and its choice of products for heat-sensitive substrates. The acquisition accelerated AkzoNobel's low curing technology, which the company expects would open up market opportunities.

In February 2020, Hexagon Purus acquired the first contract from a major US hydrogen fuel supplier to offer hydrogen transport modules in the US. The purchased transport modules comprise Hexagon's proprietary, lightweight, Type 4, 500 bar pressure vessels.

In September 2020, Dymax Corporation opened an adhesive production facility in Wiesbaden, Germany, and its production sites in the US and Asia. The investment in production facilities and other quality control systems permits the company to respond with even greater speed and accuracy to serve the needs of its customers in the medical technology, automotive, electronics, and aerospace industries.

Global UV-Cured Coatings Market report provides deep insight into the current and future state of the UV-Cured Coatings market across various regions. The study comprehensively analyzes the UV-Cured Coatings market by segmenting based on Resin Type (Epoxy, Polyester, Urethane & Others), Application (Aerospace, Automotive, Wood, Printing Ink & Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report examines the market drivers and restraints, along with the impact of Covid-19 on the market growth, in detail. The study covers & includes emerging market size, trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of prominent companies, including their market shares and projects.