Radiation cured products materials have high demand from various industries such as wood coatings, food packaging, and automotive which is anticipated to drive growth of the global radiation cured products market significantly during the forecast period.
The global radiation cured products market report has been segmented on the basis of raw material, type, application, and region.
On the basis of raw material, the global radiation cured products market has been segmented into oligomers, additives, monomers, and photo initiators. The additives radiation cured products segment is expected to account for major share in terms of revenue in the global radiation cured products market over the forecast period. Also, additives segment is projected to register fastest growth over the forecast period, owing to its functions in various end user industries such as automotive, construction, wood coating, and others.
On the basis of application, the global radiation cured products market has been segmented into metal, plastic, wood, paper, and glass. The wood segment is estimated to account for significant share in the global radiation cured products market in terms of revenue, owing increasing demand from construction industry.
On the basis of region, the global radiation cured products market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Market in Asia Pacific is expected to account for significant revenue share in the global radiation cured products market, and is projected to register highest growth in terms of revenue in the next nine years, owing to increasing demand for the product from wood coatings, printing, food packaging, healthcare, automotive, and electrical & electronics industries in this region.
Key players operating in the global market include 3M Company, BASF SE, Evonik Industries AG, Koninklijke DSM N.V., Dymax Corporation, Ashland, DIC CORPORATION, Bayer Material Science AG, PPG Industries, Inc., and Craig Adhesives and Coatings.