The UV curing coating industry shows good development prospects due to continued favorable conditions in the upstream and downstream of the industrial chain.

UV curable coatings, referred to as UV coatings, also known as ultraviolet light-cured paints and photoinitiated coatings, refer to coatings cured by UV radiation, mainly composed of pigments and fillers, oligomers, additives, photoinitiators, reactive diluents, and UV curing Made of resin and other materials. UV curable coatings are one of the subcategories of industrial coatings. They have the characteristics of high hardness, high gloss, strong wear resistance, good scratch resistance, fast curing speed, low VOC content, green environmental protection, and long service life. They are widely used in electronics. , automobiles, woodware, home appliances, building materials, textiles, daily necessities, food packaging and other fields are widely used.

Specifically, in the automotive field, UV curable coatings are mainly used in automotive headlight coating, taillight coating, automotive PC surface hardening treatment and other scenarios; in the electronic field, UV curable coatings are mainly used in anti-fouling mirror coatings and composite panels. Coatings, high-strength PC surface injection molding and other scenarios; in the field of building materials, UV curing coatings are mainly used in PVC plastic floor coating scenarios. In recent years, driven by the rapid development of its application fields, the market demand for UV curing coatings has continued to increase, the scale has continued to expand, and the industry has shown good development prospects.

UV curing coatings are a resource-constrained industry, and industry development is greatly affected by the supply of raw materials. The main raw materials of UV curing coatings include acrylic acid, trimethylolpropane, epoxy resin, propylene oxide, etc. In 2021, my country’s propylene oxide production reached 3.585 million tons, a year-on-year increase of 33.2%; epoxy resin production reached 1.445 million tons, a year-on-year increase of 6.9%; trimethylolpropane production reached 145,000 tons. The sufficient supply of upstream raw materials has laid a good foundation for the development of the domestic UV curing coatings industry.

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 my country has become the world’s major producer of UV curable coatings. The main companies in this field include Nippon Paint, 3Trees Paint, Carpoly Chemical Group, China Resources Paint, Meitus Building Materials, and Jiunuo New Materials Technology etc. As domestic environmental protection supervision continues to strengthen, the demand for UV curing coatings with greener and more environmentally friendly characteristics has increased significantly, which has promoted the continuous improvement of local enterprises’ technology and accelerated the process of domestic substitution in the domestic market.

Industry analysis personnel said that currently, the supply of raw materials in the upstream of the UV curing coating industry chain is sufficient and the downstream application fields are rapidly expanding. Under the background of development, its demand continues to increase and its production capacity continues to increase, and the industry shows good development prospects. At the same time, driven by the continued growth in demand for UV curable coatings, a number of leading companies with technology, scale, and brand advantages have emerged in China, and industry concentration is constantly increasing. In the future, as leading companies continue to play a leading role, the development speed of my country’s UV curing coatings industry is expected to continue to accelerate.