| Product Code: ETC7552342 | Publication Date: Sep 2024 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India radiation curable coatings market import shipment demonstrated robust growth with a CAGR of 15.7% from 2020 to 2024. The growth rate between 2023 and 2024 accelerated to 16.0%, indicating a significant uptrend in market expansion, showcasing strong momentum and increasing demand during the period.
The India Radiation Curable Coatings Market is witnessing significant growth driven by the increasing demand for eco-friendly and sustainable coatings across various industries such as automotive, packaging, electronics, and printing. Radiation curable coatings offer advantages such as faster curing times, lower volatile organic compound (VOC) emissions, and enhanced durability, making them a preferred choice for manufacturers looking to improve efficiency and reduce environmental impact. The market is also benefiting from technological advancements, expanding applications, and growing awareness about the benefits of radiation curable coatings. Key players in the market are focusing on research and development activities to introduce innovative products and cater to the evolving needs of customers, further fueling the market growth in India.
The India Radiation Curable Coatings Market is witnessing significant growth due to increasing demand from industries such as automotive, electronics, packaging, and furniture. The rising awareness about the benefits of radiation curable coatings, such as faster curing times, energy efficiency, and environmentally friendly properties, is driving market growth. Additionally, the growing focus on sustainable and eco-friendly products is creating opportunities for manufacturers to develop innovative radiation curable coatings that meet these requirements. With the government`s initiatives to promote domestic manufacturing and investment in infrastructure projects, the India Radiation Curable Coatings Market is poised for further expansion. Companies in the market can capitalize on these trends by investing in research and development to create tailor-made solutions for various industries and by expanding their distribution networks to reach a wider customer base.
In the India Radiation Curable Coatings Market, challenges include limited awareness and understanding of the benefits of radiation-curable coatings among end-users, which hinders adoption rates. Cost concerns also arise due to the initial investment required for equipment and technology upgrades to implement radiation-curable coatings. Additionally, the availability and affordability of raw materials and the need for skilled labor for application and maintenance present challenges in the market. Regulatory compliance and environmental concerns related to the use of radiation-curable coatings further add complexity to the industry landscape. Overall, overcoming these challenges will require increased industry education, technological advancements, cost-effective solutions, and sustainable practices to drive growth and competitiveness in the India Radiation Curable Coatings Market.
The India Radiation Curable Coatings Market is primarily driven by the increasing demand for eco-friendly coating solutions due to growing environmental concerns and government regulations. Radiation curable coatings offer advantages such as low volatile organic compound (VOC) emissions, faster curing times, and enhanced durability, making them a preferred choice in industries such as automotive, packaging, and wood coatings. Additionally, the rising investments in infrastructure development and the expanding industrial sector in India are fueling the demand for high-performance coatings that provide superior protection and aesthetics. Technological advancements in the formulation of radiation curable coatings, along with the shift towards sustainable and energy-efficient coating solutions, further contribute to the market growth in India.
The Indian government has implemented various policies to regulate the radiation curable coatings market. The Bureau of Indian Standards (BIS) sets quality standards for radiation curable coatings to ensure consumer safety and product efficacy. The Ministry of Environment, Forest and Climate Change (MoEFCC) monitors and enforces environmental regulations to reduce the impact of hazardous substances used in these coatings on the environment. Additionally, the government encourages research and development in the field of radiation curable coatings through initiatives like the Make in India program, which aims to boost domestic manufacturing and innovation. Overall, these policies aim to promote sustainable growth in the radiation curable coatings market while safeguarding public health and environmental sustainability.
The India Radiation Curable Coatings Market is expected to witness significant growth in the coming years due to increasing demand from industries such as automotive, packaging, and electronics. The market is likely to be driven by factors such as growing awareness about eco-friendly coatings, stringent regulations on volatile organic compounds (VOCs), and the need for high-performance coatings with quick curing times. Additionally, advancements in technology and the development of innovative products are expected to further boost market growth. With the increasing focus on sustainability and the shift towards UV-curable coatings in various applications, the India Radiation Curable Coatings Market is projected to expand steadily, offering opportunities for manufacturers and suppliers in the industry.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Radiation Curable Coatings Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Radiation Curable Coatings Market Revenues & Volume, 2021 & 2031F |
3.3 India Radiation Curable Coatings Market - Industry Life Cycle |
3.4 India Radiation Curable Coatings Market - Porter's Five Forces |
3.5 India Radiation Curable Coatings Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 India Radiation Curable Coatings Market Revenues & Volume Share, By Formulation, 2021 & 2031F |
3.7 India Radiation Curable Coatings Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Radiation Curable Coatings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the automotive sector leading to increased demand for radiation curable coatings |
4.2.2 Rising awareness about environmental benefits of radiation curable coatings |
4.2.3 Technological advancements in the coatings industry driving innovation and adoption |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with setting up radiation curable coatings facilities |
4.3.2 Limited availability of raw materials in the Indian market |
4.3.3 Stringent regulations and compliance requirements for radiation curable coatings |
5 India Radiation Curable Coatings Market Trends |
6 India Radiation Curable Coatings Market, By Types |
6.1 India Radiation Curable Coatings Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 India Radiation Curable Coatings Market Revenues & Volume, By Raw Material, 2021- 2031F |
6.1.3 India Radiation Curable Coatings Market Revenues & Volume, By Oligomers, 2021- 2031F |
6.1.4 India Radiation Curable Coatings Market Revenues & Volume, By Monomers, 2021- 2031F |
6.1.5 India Radiation Curable Coatings Market Revenues & Volume, By Photo initiators, 2021- 2031F |
6.1.6 India Radiation Curable Coatings Market Revenues & Volume, By Additives, 2021- 2031F |
6.2 India Radiation Curable Coatings Market, By Formulation |
6.2.1 Overview and Analysis |
6.2.2 India Radiation Curable Coatings Market Revenues & Volume, By Ultraviolet Curing, 2021- 2031F |
6.2.3 India Radiation Curable Coatings Market Revenues & Volume, By Electro Beam Curing, 2021- 2031F |
6.3 India Radiation Curable Coatings Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Radiation Curable Coatings Market Revenues & Volume, By Wood, 2021- 2031F |
6.3.3 India Radiation Curable Coatings Market Revenues & Volume, By Industrial, 2021- 2031F |
6.3.4 India Radiation Curable Coatings Market Revenues & Volume, By Printing Inks, 2021- 2031F |
6.3.5 India Radiation Curable Coatings Market Revenues & Volume, By Paper & Film, 2021- 2031F |
6.3.6 India Radiation Curable Coatings Market Revenues & Volume, By Electronic Products, 2021- 2031F |
6.3.7 India Radiation Curable Coatings Market Revenues & Volume, By Adhesives, 2021- 2031F |
7 India Radiation Curable Coatings Market Import-Export Trade Statistics |
7.1 India Radiation Curable Coatings Market Export to Major Countries |
7.2 India Radiation Curable Coatings Market Imports from Major Countries |
8 India Radiation Curable Coatings Market Key Performance Indicators |
8.1 Adoption rate of radiation curable coatings in key industries |
8.2 Investment in research and development for new radiation curable coating formulations |
8.3 Number of new product launches in the radiation curable coatings market |
9 India Radiation Curable Coatings Market - Opportunity Assessment |
9.1 India Radiation Curable Coatings Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 India Radiation Curable Coatings Market Opportunity Assessment, By Formulation, 2021 & 2031F |
9.3 India Radiation Curable Coatings Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Radiation Curable Coatings Market - Competitive Landscape |
10.1 India Radiation Curable Coatings Market Revenue Share, By Companies, 2024 |
10.2 India Radiation Curable Coatings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |