UV Curing System Market to hit US$ 5,153.2 million, Globally, by 2028 at 9.0% CAGR: The Insight Partners

According to The Insight Partner's 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.

Conventional coating processes are subjected to various government regulations because many of these coating applications have health and safety risks. Exposure to them causes several health problems to workers in the paint industry, such as headaches, low sleep quality, muscle weakness, and memory issues. Also, the anticorrosion paints and coatings consist of volatile organic compounds (VOCs) The high pressure of coatings allows molecules to evaporate in the air, leading to diseases such as cancer and other severe health problems. Hence, the governments have implied stringent regulations on these types of coatings. However, as UV curing coatings do not have these drawbacks, strict government regulations strongly support the growth of the UV curing system market for coating and finishing applications.

Get a Sample Copy of this Report at https://bit.ly/35HJa4o

Many adhesives used for the bonding & assembling process in the industrial segment release VOCs. Several government bodies across the globe have put regulations on the emission of VOC content. For instance, the United States Environmental Protection Agency (EPA) has approved Clean Air Act section 183(e) that restricts the use of products that release more than 80% of the VOC emission. Such stringent regulations by the government bodies have influenced the demand for UV curing coating over traditional coating solutions, which is driving the UV curing system market.

In North America, the biggest advantage with advanced and developed countries is the exposure and awareness about the emerging technologies in the market. Awareness about the benefits of newer technologies and the benefits of UV curing as compared to the traditional curing systems help in the high adoption of UV curing in the region and thus influencing the growth of the UV curing system market. In Europe, strong innovations are taking place in the applications of UV curing. For instance, there are innovations in European textile printing using UV-curable pigment inks and online fixation in inkjet printing. Also, in the year 2017, Fujifilm announced to showcase Illumina, a UV LED retrofit curing system, in the European market. Due to such innovations, the market for UV curing systems is going to grow in the region and support the higher generation of revenue for the companies in the UV curing and fueling the growth of the UV curing system market.

Speak to Analyst for more details https://bit.ly/3vy9TeS

Impact of COVID-19 Pandemic on UV Curing System Market Growth

The European economy was severely impacted by various limitations and restrictions due to the pandemic. The European automotive industry was severely hit and experienced a decline of more than 20% in overall automotive production due to severe supply chain disruption caused by lockdowns, thereby lowering the demand for UV curing systems. The electronics sector was also adversely impacted due to the pandemic's onset. With decreased income levels, buyers opted to purchase necessities, such as household goods and groceries, instead of nonessential, big-ticket purchases, such as home theatres and LCD TVs. However, medical device production was operating on a large scale across the European region, leading to sufficient demand for UV curing systems during 2020. Considering increasing vaccination drives, demand for UV curing systems was recovering from the Q3 of 2020, with companies investing in making operations efficient and productive.

UV Bonding & Assembling Fuel Growth of UV Curing System Market

UV bonding and assembling is a process used for glass, metal, and plastic bonding purposes and assembly of printed circuit boards (PCB). The bonding used in this process uses ultraviolet-sensitive adhesives that are applied to products and exposed to energy from UV curing lamps for curing. UV curing makes the process faster, more flexible, long-lasting, and environmentally friendly than other processes. UV LED curing method reduces the emissions of volatile compounds. Therefore, the demand for UV curing systems using LED increased in various verticals, which is driving the growth of the market. However, limited depth curing may act as a restraint in the growth of the UV curing system market.

The List of Companies - UV Curing System Market

American Ultraviolet, AMS Spectral UV, Dymax, Excelitas Technologies Corp., Hanovia-uv, Heraeus Holding, IST Metz GmbH, Jenton Group, Nordson Corporation, and Phoseon Technology

Purchase a copy of the report @ https://bit.ly/3psfa3O

Players operating in the UV curing system market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

AMS Spectral UV President Rich Bennett announced the company's return as not only a founder but as a Platinum Sponsor of Print UV 2022 on March 16-18 at the Wynn Encore.
Phoseon Technology announced a partnership with American Ultraviolet for the advancement of LED curing in all UV curing markets.

Contact Us:

If you have any queries about this report or if you would like further information, please

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.