UV Curing System Market is increasing demand with CAGR of 9.0% during 2021-2028

According to the new research report published by The Insight Partners on "UV Curing System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Bonding & Assembling, Disinfection, Coating & Finishing, and Printing) and End User (Automotive, Healthcare, Electronics, and Others)" consists of the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.

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.

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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 rising for bonding & assembling, printing, coating, and another process in aforesaid industries, the demand for systems will continue to rise, which in turn will propel the growth of the UV curing system market.

The major stakeholders in the global UV curing system market ecosystem include component manufacturers, UV curing system manufacturers, government agencies and regulatory bodies, and end users. Component and hardware providers offer numerous parts and components to UV curing system manufacturers. Any impact on these component manufacturers directly impacts the UV curing system producers as the whole production process is dependent on the timely supply of the components. The broad supply chain of UV curing systems plays a huge role in boosting the growth of UV curing systems and thus impacting the Uv curing system market growth.

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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.

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 the Clean Air Act section 183(e) which restricts the use of products that release more than 80% of the VOC emission. Such stringent regulations by government bodies have influenced the demand for UV curing coating over traditional coating solutions, which is driving the UV curing system market.

The List of Companies - UV Curing Systems Market

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.

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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 Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, and Chemicals and Materials.

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