Emerging markets and new applications key to continued growth in the European radcure coatings market

Citation

(2007), "Emerging markets and new applications key to continued growth in the European radcure coatings market", Pigment & Resin Technology, Vol. 36 No. 3. https://doi.org/10.1108/prt.2007.12936cab.034

Emerging markets and new applications key to continued growth in the European radcure coatings market

Emerging markets and new applications key to continued growth in the European radcure coatings market

Established applications in the European radiation curable coatings market are reaching saturation point. However, novel applications and new markets will sustain market growth. In particular, radcure coatings for plastics and the automotive refinish industry will offer the highest potential for growth. Frost & Sullivan finds that European Market for Radiation Curable Coatings earned revenues of e799.6 million in 2005 and estimates this to reach e1.1 billion in 2012. The importance of emerging end-user market becomes more vital. Market participants will need to focus on developing new applications, particularly for areas where penetration of radcure products is low, but growth potential is high. The market for coatings on plastics and the automotive market offer optimum growth prospects through 2012.