Overview and Scope
The UV curing system refers to the ultra-violet curing system which is a photochemical process that uses high-intensity ultraviolet light to instantly cure or dry inks, coatings, and adhesives. UV curing reduces reject rates, increases production speed, facilitates superior bonding, and improves scratch and solvent resistance.
Sizing and Forecast
The uv curing system market size has grown rapidly in recent years. It will grow from $3.17 billion in 2023 to $3.64 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to the increasing focus on electric vehicles (evs), increased adoption of uv curing technology in 3d printing, the increasing focus on light weighting and the increasing demand from the packaging industry.
The uv curing system market size is expected to see rapid growth in the next few years. It will grow to $6.06 billion in 2028 at a compound annual growth rate (CAGR) of 13.6%. The growth in the forecast period can be attributed to global population growth and urbanization and favorable government initiatives. Major trends in the forecast period include technological advancements, focus on microwave uv curing technology, focus on hybrid led (light-emitting diode) uv retrofit systems, new product launches and strategic partnerships and collaborations. .
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Segmentation & Regional Insights
The uv curing system market covered in this report is segmented –
1) By Type: Spot Cure, Flood Cure
2) By Technology: Mercury Lamp, Microwave Lamp, Arc Lamp, UV Led.
3) By Pressure Type: High Pressure, Medium Pressure, Low Pressure.
4) By Application: Printing, Bonding And Assembling, Coating And Finishing, Disinfection, Other Applications
5) By End-User: Aerospace And Défense, Automotive And Transportation, Construction And Architectural, Semiconductor And Electronics, Medical, Other End-User
North America was the largest region in the UV curing system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the uv curing system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Growing environmental awareness is expected to propel the growth of the UV curing system market. The increase in awareness increases the use of UV curing systems. For instance, according to India Today, there is a growing awareness about taking action to conserve the environment. In a survey conducted by Brainly on climate change and environmental conservation, it was found that more than half (55%) of students planned to plant more trees in the neighborhood to commemorate World Environment Day, 86% of the people replied that their school encourages them to plant more trees and reduce the use of plastic, 73% of students use online platforms to enrich their understanding of the environment and related issues. Most of the students are participating in eco-friendly activities and 58% of them are planting trees. Therefore, there is a growing awareness of environmental awareness and this drives the UV curing system market.
Key Industry Players
Major companies operating in the uv curing system market report are Heraeus Holding, Panasonic Holdings Corporation, Kyocera Corporation, Omron Corporation, Dr. Hönle AG, Excelitas Technologies, IST METZ GmbH & Co. KG, Dymax, Miltec UV, Baldwin Technology, Rathi UV Curing Chambers, Sunsight Solutions, P3 Machines, Guangdong Haohui New Materials Co Ltd, SaoSA Technology Co Ltd, Dongguan Kongshi Technology Co Ltd, Shenzhen Zhengdasheng Chemical Co Ltd, Nanxiong Ketian Chemical Co Ltd, Phoseon Technology, Nordson Corporation, Air Motion Systems Inc, Group Tanzor, Heidelberg-Cis, Capital-Leader, Acces Ru, Sun Chemical, Importprint, American Ultraviolet Co, Specialty Coating Systems, Thermal Innovations Corp, Ellsworth Adhesives, Rexcel Coatings Corp, Big Systems, Rapid Pump & Meter/ Machinery Services Corpare, Lanin Comercio E Representacoes Ltda, Hanovia-uv, Jelight Company Inc., Solar Light Company Inc, Uvitron International, RadTech South Africa
The uv curing system market report table of contents includes:
1. Executive Summary
2. UV Curing System Market Characteristics
3. UV Curing System Market Trends And Strategies
4. UV Curing System Market – Macro Economic Scenario
5. Global UV Curing System Market Size and Growth
……
32. Global UV Curing System Market Competitive Benchmarking
33. Global UV Curing System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The UV Curing System Market
35. UV Curing System Market Future Outlook and Potential Analysis
36. Appendix
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