UV Curing System Market projected to reach USD 6.60 Billion by 2026 : Top Player Includes Baldwin Technology, Nordson, Panasonic, Excelitas, Heraeus, Dymax, Phoseon, Honle, Delo, IST Metz, and American Ultraviolet.

Global UV Curing System Market Analysis

According to Verified Market Research, the Global UV Curing System Market was valued at USD 3.03 Billion in 2018 and is projected to reach USD 6.60 Billion by 2026, growing at a CAGR of 10.18% from 2019 to 2026.

The UV curing system is a highly modern artificial bonding technology but it has numerous applications over conventional bonding systems. It has various characteristics such as it completes the task assigned in a fraction of seconds, UV curable objects can bear full loads, adhesive sealing is taken under control, which makes the process of UV curing easier and more precise. It also has a minimal heat buildup, which makes the process of UV curing ideal for delicate components.

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In terms of medical equipment, UV curing is of great use as it does not emit any harmful solvents, which keeps the patients as a safer side. Apart from this, UV curing systems also contribute to protecting the environment as it has low power consumption. UV curing systems are widely used in medical equipment such as syringes, cannulas or oxygen masks. It has a tendency of allowing a variety of components to bond more efficiently in a reproducible manner.

Global UV Curing System Market Overview

Growing awareness of the benefits of equipment such as curing systems and many other is another factor identified to foster adoption. Following considerable penetration in developed regions, curing UV systems are gaining traction in some developing countries as well. This is expected to fuel demand for UV curing systems.

Apart from Automotive and biomedical, UV curing systems are involved in Construction and infrastructure development as well. Thus, with growing applications of UV curing systems in the global market and its prominent characteristics of high precision and high performance has been driving the global UV systems market. Thus, it can be concluded that with growing digitization and automation in the field of consumer electronics, the market for UV curing systems will also increase. However, the limited depth of curing could hamper the growth of the global UV curing system market and can result into a slower adoption of UV curing systems and can boost the growth of its substituent which can be harmful to the parent market.

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Global UV Curing System Market: Segmentation

The UV Curing System market is segmented on the basis of technology, pressure type, application, type, end-user industry, and geography. On the basis of end-use industry, the market is bifurcated into Aerospace & Defense, Automotive & Transportation, Construction & Architectural, Semiconductor & Electronics, Medical, and Others

UV Curing System Market By End User

The market for the medical sector is expected to grow at the highest CAGR over the forecast period. The UV curing system is an environmentally friendly and energy efficient technology which has contributed enormously in the medical device industry. UV cured adhesives is widely used in bonding, sealing, coating, and repair of various devices such as catheters, anesthesia mask, reservoir, blood oxygenators, medical filters, connectors, sensing devices and many more. Apart from this, a UV curing system has application in assembling of medical electronics.

UV Curing System Market By Geography

On the basis of regional analysis, the global UV Curing System market is classified into North America, Europe, Asia Pacific and Rest of the world. The UV Curing System market in the Asia Pacific region is projected to grow at the highest CAGR over the forecast period. Rapid industrialization in this region is one of the prominent drivers for the UV curing system.

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The major players in the market are Baldwin Technology, Nordson, Panasonic, Excelitas, Heraeus, Dymax, Phoseon, Honle, Delo, IST Metz, and American Ultraviolet. The other key companies are Omron, Uvitron, Atlantic Zeiser, Benford UV, Gew (EC), Hanovia, Miltec UV, Thorlabs and Hoya Corporation.

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