UV Curing Systems Market: Industry Outlook, Growth Prospects and Key Opportunities

UV curing systems is a process in which visible light and ultraviolet light is used to initiate a photochemical reaction that is used to instantly dry or cure inks, adhesives or coatings. UV curing is a low temperature and a high speed process that helps in curing by polymerization rather than evaporation.

It is adaptable to coating, printing, decorating and assembling of a variety of products and materials. The global UV curing systems market is anticipated to witness a robust growth rate during the forecast period from 2017 to 2025 owing to the increasing demand for improved quality of the finished products and for greater consistency.

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The global UV curing systems market is expected to witness a progressive growth in the coming years due to the requirement of less equipment space and energy since there is no need to wait for the product to get dry. This helps in creating an efficiency that exists through the entire manufacturing process.

In addition, it is a one part system that requires no need to measure or mix and does not have any pot life concern. It also allows testing of parts soon after assembly that helps in eliminating possible quantities of work in process scrap. In addition due to the UV curing systems UV-LED printers enjoy a higher degree of traction compared to conventional printers due to their versatility and energy efficiency.

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However, when curing in the air the oxygen in the atmosphere can cause the oxygen to inhibit the cure on the surface layer. This causes the top layer to become uncured sticky and wet while the bottom layer have hardened into dry finish. This affects the long term reliability of the coated layer. This is one of the reason which can hamper the growth of UV curing systems market.

For the purpose of providing detailed research report, the global UV curing systems market is segmented on the basis of product type and application.

On the basis of product type the market is segmented into free radical systems and cationic systems. Among the different product types of UV curing systems available in the market, free radical system is expected to grow at a higher rate owing to its facilities that majority of the commercial light cure products are of free radical types and use acrylic components that helps the polymerization to stop as soon as the light gets eliminated.

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UV curing systems also finds its application across various end user segments including automotive, electronics, telecommunication, graphic arts and others.

Geographically, the global UV curing systems market has been further divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

North America is expected to hold the largest share of the UV curing systems market among the different regions in 2016. The UV curing systems market of North America is majorly driven by the U.S owing to increasing demand for electric vehicle. Tesla, one of the major car electric manufacturer sells nearly 6,500 electric car every month in U.S. Government is also encouraging sale of electric car by giving discounts and providing incentives due to the decreasing oil resources and increasing demand for petrol.

Some of the key vendors operating in the global UV curing systems market includes BASF SE (Germany), DSM AGI Corporation (Taipei), Nippon Gohsei ( Japan), Wanhua Chemical Group Co. Ltd.( China), Toagosei Co. Ltd (Japan), Jiangsu Sanmu Group Corporation (China) and many more

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