Press release
UV Curing System Market Size, Share & Analysis by 2021, 28
The UV curing system market was valued US$ 2,817.2 million in 2021 and is expected to reach US$ 5,153.2 million by 2028 with a CAGR growth rate of 9.0% during the forecast period from 2021 to 2028.UV curing is a method of drying inks, adhesives, and coatings. The UV curing system is a relatively old technology and has been used for a long time. The old UV curing systems used mercury lamps for curing. However, with advancements in technology and the increasing effect of mercury lamps on the workers and environment, UV LEDs are used as a source in the curing systems. The curing method is widely used in many industry verticals, such as automotive, healthcare, electronics, aerospace, graphic & art, and wood coatings. With demand rsising for bonding & assembling, printing, coating, and other process in aforesaid industries, the demand for systems will continue to rise, which in turn will proper the growth of UV curing system market.
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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
Phoseon Technology
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 environment friendly than other processes.
UV LED curing method reduces the emissions of the volatile compounds. Therefore, the demand for the 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 rise in demand for PCB from various industries, such as electronics and automotive, influences the rise in demand for PCB across the globe. Manufacturers of consumer electronics, wearable gadgets, such as smartwatches that contain chips and flexible sensors, are seeing new prospects owing to the Internet of Things (IoT). Breakthroughs in device design and manufacturing technology are having a favorable impact on PCB production across the world. Thus, the rise in PCB production is propelling the demand for bonding & assembling processes from the manufacturers. Additionally, demand for glass bonding is expected to increase in end-use sectors such as electronics, furniture, and transportation, which would fuel the market growth for the UV bonding and assembling application segment during the forecast period.
The other segment in the UV curing system market includes food & beverage, manufacturing, packaging, wood and others. UV curing system is used in these applications for different purposes such as bonding & assembling, disinfection, and printing. With the advanced features provided by the UV curing systems over the conventional curing system is leading various companies to opt for this system as the curing method for faster drying. These reasons will support the growth of UV curing systems currently and in the coming years. For instance, UV curing system in the food and bev verage is industries is increasing used for disinfecting contaminated ground and surface water. They are also actively used for treating food and packaging material that pass through conveyor belts to ensure safety of product before reaching the ultimate consumer. These factors are propelling the demand for UV curing systems among the food a& beverage industry over the years. Additionally, the rise in adoption of UV curing systems for bonding applications across the wood industry owing to its fast dry nature is further propelling the growth of the market.
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Players operating in 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 partnership with American Ultraviolet for the advancement of LED curing in all UV curing markets.
In the global UV curing system market is segmented on the basis of application and end user. Based on application, the market is segmented into bonding & assembling, disinfection, coating & finishing, and printing. Based on end users, the UV curing system market is segmented into automotive, healthcare, electronics, and others.
American Ultraviolet, AMS Spectral UV, Dymax Chemical (Shanghai) Co. Ltd, Excelitas Technologies Corp., Hanovia-uv, Heraeus Holding GmbH, Jenton Group, Nordson Corporation, and Phoseon Technology are among the key UV curing system market players considered for the research study. Several players have also been analyzed in this research report to get a holistic view of the global UV curing system market and its ecosystem.
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Phone : +1-646-491-9876
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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.
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