UV Curing Systems Market: Increasing demand of UV LED based curing over conventional curing methods

The global UV curing system market accounted for US$ 1,163.4 Mn in 2017 and is expected to grow at a CAGR of 9.6% during the forecast period 2018 – 2025, to account for US$ 2,409.8 Mn by 2025.

The UV curing system market has experienced significant growth and adoption rate in the past few years and is expected to experience notable growth and adoption in years to come. UV Curing systems use UV LED as the means for providing heat and curing the materials such as adhesives, paints, and coatings. Earlier curing systems used mercury lamp as a means for providing heat during the curing process. But the mercury lamps had some disadvantages which led to technological advancements in the market and the adoption of LED in the curing process. Within this market, various regions are observed to exhibit different growth trends. Asia Pacific hold the largest share of the total market. While the regions such North America and Middle East & Africa (MEA) are expected to exhibit high growth along with the increasing growth in Asia Pacific region. Asia Pacific region in global UV curing system market is expected to witness a CAGR growth rate of 10.3% in the coming years.

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The market initiative and new development was observed as the most adopted strategy in global UV curing system market. For instance, in 2018, IST METZ showcased a wide range of LED and UV systems designed for curing industrial coatings at PaintExpo in Karlsruhe. The company is presenting MBS-5 L IST METZ as well as HANDcure LED handheld unit. Similarly, Nordson introduced new xQR41V Needle Valve. This needle can be used to dispense precisely the repeatable amounts of UV-cure adhesives for the bonding module in medical applications. In 2017, American Ultraviolet announced its partnership with Magnet Group (US), for providing high-quality and American finished UVC equipment especially for healthcare market. Various other players are operating in the UV curing system market, which also focus on different strategic initiative to boost their business as well as market value.

The UV curing system market in Asia Pacific is expected to grow at a CAGR of 10.3% during the forecast period 2018 – 2025. The region comprises of several developing economies such as China and India, as well as Southeast Asian countries. These developing nations are witnessing a huge growth in their GDP, resulting in increased per capita income of the people. With the rise in the user’s disposable income, large number of the local manufacturing companies are coming up on a global level to launch innovative products and gain larger customer base. Especially in the countries such as China and India, this trend is continuously increasing. The Indian market is one of the major market for the major players in the consumer electronics segment to grow their sales as there are abundant growth opportunities in the country. Also, many of the large players in the consumer electronics as well as other sectors have established their manufacturing plant in China owing to the quality of the products developed there. Furthermore, many of the consumer electronics are establishing their manufacturing plant in India.

The top companies operating in the UV curing system market include Air Motion Systems, Inc., American Ultravoilet, Inc., Dynmax Corporation, Excelitas Technologies Corp, Hanovia Limited, Heraeus Noblelight America LLC, IST METZ GmbH, Jenton International Ltd., Nordson Corporation, and Phoseon Technology among others.

The demand for UV LED based curing systems is increasing over the conventional curing systems which used mercury lamps. This is due to the reason that the UV LED based curing systems provide better properties than the other type of curing systems such as better abrasion resistance, durability, elasticity, adhesion, and chemical resistance. The system also provides better operational speed of the machine as well as faster drying of the product. The UV curing systems also reduces the emission of the volatile organic compounds (VOC) released during painting, coatings, inks, adhesives, and similar materials making it one of the main reason for the high adoption of UV cured coating systems in a wide variety of applications such as furniture, automotive, healthcare, electronics, and others. Thus, increasing demand for UV LED based curing system among various industries is bolstering the UV curing system market.

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This release was published on openPR.