It is reported that the progress of UV coatings is closely related to the development of its downstream applications. Because of its environmental protection, high efficiency, energy saving, wide adaptability and other excellent characteristics, UV coating has been widely used in wood coating, plastic products coating, decorative building materials coating, electrical/electronic coating and other industries.

In addition to the above areas, UV coatings are widely used in high-end consumer electronics and passenger cars and other high-end consumer goods markets. These products cover mobile phones and their related accessories, notebook computers and their related accessories, wearable devices, smart home appliances and passenger cars.

Electronics driving demand

In recent years, UV coatings are experiencing significant and rapid development in many fields, especially in the plastic coating of electronic product parts and floor coatings. China, as an important base for global electronic product manufacturing, its UV coating industry is continuing to expand due to strong demand in the field of electronic products.

According to authoritative data, the market size of China's UV coating industry is close to 7.7 billion yuan in 2022, showing a steady development trend. During the year, the industry's production and demand remained at a high level, with production approaching 177200 tons, and demand slightly higher, reaching about 180700 tons. This growth trend not only reflects the strong production capacity of China's UV coating industry, but also reflects the continuous growth of market demand for UV coatings.

In terms of geographical distribution, East China, with its unique economic advantages and industrial base, has become the main concentration of UV coatings market, accounting for about 41.06 percent of the market. The rapid development of UV coating industry in this region has not only attracted many well-known enterprises at home and abroad, but also promoted the technological innovation and industrial upgrading of the whole industry.

At the same time, statistics collected from all parties also show that the market size of China's UV coating industry was 7.02 billion yuan in 2019, and by the first quarter of 2024, the market size has reached 2.06 billion yuan, an increase of 3.33 year-on-year. This growth trend indicates that China's UV coating industry will maintain a steady development trend in the next few years.

In summary, China's UV coating industry is experiencing significant and rapid development in many applications such as plastic coating of electronic product parts and floor coatings. With the continuous expansion of the market scale and continuous innovation of technology, the industry will maintain a strong development momentum in the next few years.

Policy-driven application

In recent years, the policy support of the UV coating industry has been significantly enhanced, aiming to promote the development of the industry in a more green, environmentally friendly and sustainable direction. The government has successively issued documents such as "Guidelines for Feasible Technologies for Pollution Prevention and Control in the Paint and Ink Industry" and "Guiding Opinions on Promoting the High-quality Development of the Petrochemical and Chemical Industry during the 14th Five-Year Plan", which have pointed out the direction for the green development of the paint industry. Under the guidance of these policies, UV coatings, as a coating with outstanding environmental performance, have received special attention and support.

With the in-depth implementation of the dual-carbon policy, the market demand for environmentally friendly green coating products is increasing, further stimulating the market demand for UV coatings. In order to encourage enterprises to increase investment in technology research and development, improve the technical level and product quality of UV coatings, the government has also adopted a series of incentives, subsidies and other policy measures. These measures not only help to enhance the overall competitiveness of the UV coating industry, but also inject new vitality into the sustainable development of the industry.

In short, the dual drive of policy support and market demand provides a strong guarantee for the rapid development of the UV coating industry. In the future, with the deepening of the concept of environmental protection and the continuous progress of technology, the UV coating industry is expected to usher in a broader space for development.

Covering manufacturing, electronics, construction and other fields

The UV coatings industry is currently at a crossroads full of possibilities and opportunities. With the increasing emphasis on environmental protection in the world, UV coatings, as an environmentally friendly and efficient coating type, are gradually becoming the darling of the market. Whether in the manufacturing industry, the electronics industry, or the construction industry, the application of UV coatings are expanding, its excellent performance, fast curing speed and energy saving and environmental protection characteristics, making it an ideal alternative to traditional coatings.

The pace of technological innovation is also driving the UV coating industry forward. The development of new materials and the application of new processes have injected new vitality into the industry. At the same time, the continuous growth of market demand, especially in the fields of automobiles, furniture, electronic products, etc., has increased the demand for high-performance UV coatings, providing a broad development space for the industry.

In addition, the support of the government has also provided a solid backing for the development of the UV coating industry. The government's support for the environmental protection industry has been continuously strengthened, which has created a favorable environment for the rapid development of the UV coating industry.

Looking to the future, the development prospects of the UV coating industry can be described as bright. With the improvement of global environmental protection awareness and the continuous growth of market demand, the UV coating industry will usher in a broader development space and opportunities. It is estimated that from 2024 to 2030, the market size of China's UV coating industry will continue to expand at a growth rate of 2% to 4%. By 2030, the market size is expected to reach 9.826 billion billion yuan, an increase of 2.71 year-on-year. This forecast fully shows the great potential and broad prospects of the UV coating industry in the Chinese market.