Global UV Coatings Market expected to surge 6.1% CAGR by the end of 2026

UV Coatings Market

  1. MonicaFmi
    After being plagued for years with “imperfect” production techniques, manufacturers of UV coatings are rapidly adopting technological advancements to put in action an eco-friendly method of producing UV coatings. Future Market Insights notifies how several government and non-government organisations in the world have listed ways in which UV coatings can be produced without harming the environment. Manufacturing such eco-friendly UV-curable coatings has, thus, propelled the growth of global market for UV coatings.

    At present, Future Market Insights values the global UV coatings market at US$ 3,429.5 Mn. According to its latest report, the global market for UV coatings is expected to surge steadily at 6.1% CAGR and bring in an estimated US$ 6,187.2 Mn revenues by the end of 2026. While favourable environmental regulations will keep inducing growth in global UV coatings production, the demand for such products will also witness a considerable hike on the account of booming global automotive industry. Considering the significance of refinish coatings in the production as well as aftermarket servicing of automobiles, consumption of UV-curable coatings will also remain significant by OEMs and aftermarket suppliers.