Tim Wright07.26.07
Today UV/EB technology is in use in a wide variety of industrial segments such as graphic arts, packaging, printing, wood furniture, fiber optics, electronics, building panels and automotive parts. As traditional solvent technologies are shifting towards lower VOC technology, the radcure market continues to grow at a rapid pace.
Representing 1.8% of all coatings globally, and predicted to increase to a 2.2% share by 2012, the total value of global radcure coatings in 2006 was $1.325 billion, according to The Chemark Consulting Group, a consulting firm focused on the coatings, adhesives and sealants industries based in Southern Pines, NC.
Demand for radcure coatings in North America was strongest at 51,872 tons valued at $485 million. In the EU demand was just behind at 50,000 tons valued at $465 million. Growth rates for the North American and EU markets for 2006 were 4.1% and 3.8% respectively.
Rest of the world (ROW) markets for radcure coatings were valued at $325 million last year. Together the ROW markets are growing at a rate of 7.8% per year, while China alone is growing at a rate of 11.9%.
In 2007, Chemark estimates
Representing 1.8% of all coatings globally, and predicted to increase to a 2.2% share by 2012, the total value of global radcure coatings in 2006 was $1.325 billion, according to The Chemark Consulting Group, a consulting firm focused on the coatings, adhesives and sealants industries based in Southern Pines, NC.
Demand for radcure coatings in North America was strongest at 51,872 tons valued at $485 million. In the EU demand was just behind at 50,000 tons valued at $465 million. Growth rates for the North American and EU markets for 2006 were 4.1% and 3.8% respectively.
Rest of the world (ROW) markets for radcure coatings were valued at $325 million last year. Together the ROW markets are growing at a rate of 7.8% per year, while China alone is growing at a rate of 11.9%.
In 2007, Chemark estimates
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