company news about Where is the new growth point as the UV coating market size doubles?

Where is the new growth point as the UV coating market size doubles?

  As the world's largest producer and consumer of coatings, China's total coatings market size has exceeded RMB 400 billion (2024). UV coatings, as an emerging sub-sector, are gradually eroding the share of the traditional market.

  UV Coatings Technical Overview: UV coatings are based on a radiation-curing system. The main components include oligomers (such as epoxy acrylates and polyester acrylates), monomers (such as triacrylates), photoinitiators (such as acetophenone compounds), and additives (such as pigments and leveling agents). There are two types of curing processes: free radical and cationic. The free radical type is suitable for most applications and has a fast response time; the cationic type offers better heat resistance and adhesion, but is sensitive to humidity.

  Technological innovation is mainly reflected in the promotion of water-based UV coatings and LED-UV curing systems. Water-based UV coatings combine the environmental friendliness of water and high-efficiency UV curing, reducing VOC emissions to less than 10% of traditional coatings; LED-UV replaces mercury lamps, reducing energy consumption by 20%-30% and extending equipment life.

  From a performance perspective, UV coatings can achieve hardness levels of 4H-9H and gloss levels exceeding 90%, making them suitable for high-precision surface treatments. However, their limitations lie in their adaptability to substrates: they are unsuitable for non-transparent or thick coatings, and initial equipment investment is high (UV lamp system costs account for approximately 10%-15% of the production line).

  China's UV coatings market is rapidly expanding, fueled by macroeconomic and industrial policy support. In 2019, the market size was approximately RMB 4.32 billion, driven primarily by the furniture and electronics industries. By 2025, this market size is projected to reach RMB 9.975 billion, a doubling of growth driven by a robust CAGR of approximately 15%.

  By segment, industrial coatings account for the largest share (approximately 60%), followed by architectural and automotive coatings at 20% and 15%, respectively. In terms of production volume, China's UV coatings output is projected to account for over 25% of the global total by 2023, with exports to Southeast Asia and Europe increasing annually. Market Drivers Analysis: The growth of China's UV coatings market is not accidental, but rather the result of the synergy of multiple factors.