Radiation Cured Coating Market - The Biggest Trends to watch out for 2024-2032
The Radiation Cured Coating Market is experiencing steady growth, reflecting its increasing adoption across multiple industries. Valued at approximately USD 9.15 billion in 2022 , the market is projected to grow to USD 9.66 billion by the end of 2023 . Furthermore, market analysts expect the industry to reach a size of USD 15.6 billion by 2032 , representing a compound annual growth rate (CAGR) of 5.48% during the forecast period of 2024 to 2032 . Key Drivers of Market Growth The radiation-cured coatings market's impressive growth is driven by several factors, including: Rising Environmental Concerns : Radiation-cured coatings are eco-friendly, utilizing low to no volatile organic compounds (VOCs). This makes them compliant with stringent environmental regulations, thereby boosting their popularity in industries prioritizing sustainability. Increased Demand in Industrial Applications : These coatings are extensively used in in...