According to our latest market study on “UV Curing System Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application and End User,” the market is expected to grow from US$ 2,817.2 million in 2021 to US$ 5,153.2 million by 2028; it is estimated to grow at a CAGR of 9.0% from 2021 to 2028.
UV curing systems are most commonly used for coating, bonding, and printing in various major industries, such as printing, healthcare, and automotive. It is being used in a few new ways, such as 3D printing, digital printing, metal coating, and package disinfection. UV curing technology is also the dominant technology for metal coating applications instead of plastic and wood coatings.
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The UV curing system market is segmented on the basis of application, end user, and geography. Based on application, the market is segmented into bonding & assembling, disinfection, coating & finishing, and painting. By end user, the UV curing system market is segmented into automotive, healthcare, electronics, and others. Based on geography, the market is primarily segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South and Central America.
Phoseon Technology, Nordson, Heraeus, Dymax, and IST Metz GmbH are key players operating in the UV curing system market. Several important market players were analyzed during this study to get a holistic view of the market and its ecosystem.
Key Findings of Study:
The robust manufacturing industry across APAC is significantly driving the APAC UV curing system market. The countries across the region have a huge presence of electronics, automotive, and medical equipment manufacturers. UV curing systems are actively utilized across these manufacturing companies for various applications, such as die attachment, wire tacking, pin attachment, and sealing and gasketing products. UV curing solutions are also adopted for coating applications across these above-mentioned industries. Thus, the wide range of UV curing applications propels the demand for the same among the above-mentioned industries, thereby contributing to the market growth.
UV LED-based curing systems have better properties, such as better abrasion resistance, durability, elasticity, adhesion, and chemical resistance, than the other curing systems. Hence, the demand for UV LED-based curing systems is increasing over conventional curing systems, which use mercury lamps. UV LED-based curing systems also provide a better operational speed of the machine and faster drying of the product. The UV curing systems also reduce the emission of the volatile organic compounds (VOCs) which is released during painting, coatings, inks, adhesives, and similar materials. Hence, these systems are highly adopted by various end-use industries, such as furniture, automotive, healthcare, and electronics.
UV LED curing is mostly utilized in graphics applications such as digital inkjet printing, screen printing, sheetfed offset printing, and flexo printing. These industries are quickly expanding, with sheetfed offset printing experiencing the most rapid expansion. Optical fiber coating, electronics, wood coating, and gel nail applications have also adopted UV LED curing solutions over the years. Furthermore, UV LED curing provides many advantages over other conventional curing methods. UV LED curing uses arc lamps or microwaves, enables the use of 100% solid formulations, and provides quick curing with no thermal heating/ovens, faster production speeds, and a smaller footprint. These features are also responsible for the increase in the use of UV LED-based curing, thereby driving the demand for UV curing systems
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global UV curing system market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the global UV curing system market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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