The UV-curable coatings market is poised for growth, driven by sustainability trends, UV LED curing innovations, and applications in automotive and electronics, among other drivers.
The market for low-VOC coatings is projected to grow from $128.6 billion in 2024 to $154.9 billion by 2029, at a compound annual growth rate of 3.8% during the forecast period.
Environmental regulations drive the demand for VOC-free coatings, while Asia Pacific emerges as the leading producer and consumer of industrial coatings.
The EPA’s latest methylene chloride rule significantly impacts the paint and coatings industry, potentially reshaping production, distribution, and safety protocols.
The chemicals and materials science sector is stabilizing, with distributors playing a crucial role in supply chain reliability, driving growth and M&A activity amid global complexity.
Recent shocks in supply chains that manifested in increased inventory holdings and subsequent destocking have subsided, and the industry has relearned a critical lesson from the volatility—the importance of supply chain reliability.