Our commitment to the Radiation-Cured Coatings segment ...
Besides our larger commitment to the coatings industry in general through our various endeavours including the monthly publication, our conferences and our flagship Paintindia Exhibition, we stand committed to shoring up individual segments of the paint and related industries through our more specific activities.
While events and activities that are more general in nature will of course hold immense value for the industry as a whole and play a role in shoring it up, there is a need for more specific addressal of the needs of certain industry segments, especially those which do not enjoy as much of a visibility and critical mass as the others. While many such segments, applications and technologies come to mind, I choose to dwell on the Radiation-Cured Coatings segment in this piece.
While this is a technology that has already taken off in a significant manner globally and even in other parts of Asia, in India we are still looking at the proverbial tip of the iceberg. A market size of barely 6,500 tons per annum of a total industry size of about 4 million tons per annum paints a picture in itself of the small market size, but does no justice whatsoever to the potential for growth. Even in this limited market size, it is eye-opening to note that a majority of the UV-coating systems, be it the hardware or the coatings themselves are imported from overseas and not indigenously made in India.
A look at the various end-use segments in which UV-coatings find application, namely automotive, packaging, glass, plastics, cables, etc.,would suggest that these are all high-growth sectors in India, and accentuates the growth potential for this technology. Also, the fact that the coatings technology currently in use in these segments are pretty rudimentary in nature, make it conducive to a larger leap into the UV-technology space. However, there is a definite lack of awareness and consequent resistance to move into this space, and herein perhaps lies the very reason why this technology has not picked up thus far as it should have, inspite of its commercial and environmental benefits.
In recognition of both the potential and the need to boost this segment, we, at PaintIndia, had conceived the inaugural RadTech India Conference a couple of years ago. The event was extremely well-received, and for the first time in India brought about a sense of fraternity and ownership for the stakeholders in this segment in India. Building on this, we are holding the second edition of the event, RadTech India 2016 on 17-18 November in Pune . Once again, it will be an international event in terms of the content, speakers and audience and promises to provide a huge boost to this segment in India. We urge the industry to be part of this event and in doing so become an early and committed mover as we all jointly look to ride on the wave of opportunity that this segment promises to bring for our industry.