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.
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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.
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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)
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All Chemical & Materials Market Research Reports @
http://www.transparencymarketresearch.com/chemical-market-reports-2.html
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