Radiation curing technology: a changing market
Radiation curing technology is increasingly recognized as an innovative solution for sustainable and efficient production. Despite its promising advantages—such as lower operational costs and higher productivity—the market’s growth remains moderate. Here’s a look at the latest trends and challenges.
Radiation curing, especially in coatings, adhesives, and printing inks, provides notable benefits in terms of speed, productivity, and sustainability. However, market growth has fallen short of expectations, largely due to high initial investment costs and the complexity of transitioning from traditional systems to radiation-curing processes.
Growth Drivers: Sustainability and Reduced Operating Costs
Two key factors are driving the adoption of radiation curing technology: the rising demand for sustainable production methods and reduced operational costs. Global initiatives like the Paris Agreement and the European Green Deal create favorable conditions for companies to embrace this technology. Radiation curing allows for lower CO2 emissions and waste minimization, aligning with increasing industry demands for sustainability.
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Moreover, Total Cost of Ownership (TCO) modeling shows that long-term operating costs for radiation-curing processes are significantly lower than for conventional methods, providing an additional incentive for adoption.
Market Trends and Regional Differences
The global radiation curing market is estimated to reach EUR 6.06 billion in 2024 and grow to EUR 7.86 billion by 2029. The UV coatings segment, the largest share of the market, is expected to achieve a compound annual growth rate (CAGR) of 5.3% by 2029. Europe is projected to lead the way, driven by regulatory demands from the Green Deal, fostering substantial growth in the region.
