UV coatings are widely used and the domestic market continues to expand

UV coating is ultraviolet light-curing coating, also known as photo-initiated coating and photo-curing coating. It can be coated by dip coating, shower coating, paint coating, spin coating and other methods, and then cured into a film by ultraviolet photon irradiation, thus improving the product quality. Waterproof, anti-corrosion, aging resistance and aesthetics. There are various types of UV coatings, including UV powder coatings, UV water-based coatings, UV metal coatings, UV leather coatings, etc.

Compared with traditional coatings, UV coatings have the characteristics of energy saving and environmental protection, high transparency, fast curing speed, low coating cost, and excellent resistance to yellowing. It is currently one of the most environmentally friendly paint varieties and is widely used in construction, wood processing, packaging and printing, It is widely used in medical equipment, electronic equipment and other fields.

In recent years, the state has issued a number of policies such as the “Guidelines on Feasible Technologies for the Prevention and Control of Pollution in the Coating and Ink Industry” and the “Guiding Opinions on Promoting High-Quality Development of the Petrochemical and Chemical Industry during the “14th Five-Year Plan”” to promote the development of the coatings industry in green and environmentally friendly directions. UV As a coating with strong environmental protection properties, coatings have a good development environment.

From a global market perspective, as the green and low-carbon economy continues to develop, the scale of manufacturing continues to expand, the demand for environmentally friendly coatings in electronics, industrial coatings and other fields continues to increase, and the market demand for UV coatings continues to grow. The global demand for UV coatings in 2017 was approximately 600,000 tons, and the demand in 2022 will exceed 1.1 million tons, with a compound annual growth rate of approximately 13% from 2017 to 2022. From the perspective of regional distribution, the Asia-Pacific region is the main consumer market for UV coatings, accounting for more than 35% of demand.

According to the “2023-2027 Ultraviolet Curing Coating (UV Coating) Industry In-depth Market Research and Investment Strategy Suggestion Report” released by the Industrial Research Center shows that from the domestic market, with the continuous advancement of environmental protection policies, the continuous optimization and upgrading of industrial structure, and the rapid development of the electronic manufacturing industry, the application scope of UV coatings continues to expand, and the market scale continues to expand. In 2022, my country’s UV coating market size will exceed 7.6 billion yuan, a year-on-year increase of approximately 19% in 2021. Judging from the market supply and demand situation, my country’s UV coating production in 2022 will be approximately 176,000 tons, and the demand will be approximately 181,000 tons.

As my country’s production technology continues to advance, the supply of raw materials such as photoinitiators, UV curable resins, and UV curable monomers continues to increase, and the superimposed UV coating production process becomes more mature, gradually lowering the industry’s entry barriers. At present, there are many domestic UV coating manufacturers, product quality varies, and market competition is fierce. The main UV coating manufacturers in my country include Guangdong China Resources Coatings Co., Ltd., Carbaoli Chemical Group Co., Ltd., etc.

Industry analysts said that with the continuous advancement of manufacturing technology and the continuous development of industries such as digital printing and electronic components, the market is demanding high-quality products. , The demand for high-performance UV coatings will continue to increase, and the industry has broad development prospects. Against the background of intensifying competition in the UV coating market, small and medium-sized enterprises with lower technical levels and poor product quality will gradually be eliminated by the market, and industry concentration will gradually increase.