Market Size of Electron Beam Curable Coating Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Electron Beam Curable Coating Market Analysis
The electron beam curable coating market was valued at over USD 400 million in 2021, and the market is projected to register a CAGR of greater than 3% during the forecast period (2022-2027).
Due to the COVID-19 outbreak, nationwide lockdown around the world, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, thereby restoring the growth trajectory of the market studied during the forecast period.
- The major factor driving the market studied is the growing demand for the electron beam curable coating market from various end-user industries.
- The growing demand for electron beam curable coating from electric vehicles is forecasted to offer various opportunities for the growth of the market over the forecast period.
- Electron beam curable coating from the aerospace industry is expected to dominate the market studied over the forecast period.
- The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to the increasing consumption from countries such as China, India, and Japan.
