Press release
Major Progress : UV Curing Systems Market Globally Expand at a CAGR of 14.79% by Revenue During the Forecast Period 2017-2021
UV curing is a high-speed, low-temperature, solventless process that was introduced in the 1960s. Products are cured by polymerization rather than by evaporation or heat. Traditional UV curing systems use mercury arc lamps to produce UV light. This UV light causes adhesives, inks, or coatings to undergo polymerization, converting the ink or coating from a liquid state into a solid state. The coating gets securely fixed to the substrate onto which it is printed. This process is inexpensive and faster compared with heat curing methods. Therefore, industries such as printing, automotive, and food packaging prefer UV curing methods over heat curing methods. Manufacturers have introduced LED-UV curing systems because of the presence of hazardous substances such as mercury in traditional UV curing systems.
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Technavios analysts forecast the global UV curing systems market to grow at a CAGR of 14.79% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global UV curing systems market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of components used in UV curing systems.
The market is divided into the following segments based on geography:
APAC
EMEA
North America
Technavio's report, Global UV Curing Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Dymax
Nordson
Baldwin Technology
Heraeus Noblelight America
Other prominent vendors
Hanovia
Uvexs
Scheugenpflug
Phoseon Technology
GEW (EC)
Miltec UV
Benford UV
Market driver
Reduction in manufacturing time and lower WIP costs.
For a full, detailed list, view our report
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Market challenge
Hazards related to mercury present in UV lamps.
For a full, detailed list, view our report
Market trend
Increased adoption of UV LEDs in consumer electronics.
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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