The Global UV Curing System Market is Expected to Grow from USD 3.31 Billion in 2020 to USD 8.61 Billion by 2028, at a CAGR of 15% During the Forecast Period
The global UV curing system market was estimated to be USD USD 3.31 billion in 2020 and is expected to grow with the compound annual growth rate (CAGR) of 15.0% between 2021 and 2028. UV curing is used to initiate photochemical reactions to the immediate treatment of dry or sticky ink or adhesives. UV curing is a process of low temperature that is beneficial for treatment by performing polymerization instead of evaporation and lowering levels, promoting incomparable grip, increasing production speed, improving scrubbing and melting protection.
Growing demand for UV-based curing systems is rising beyond conventional treatment systems, which use mercury lamps. This is because UV curing systems provide better properties than other types of heating systems such as better strength, scratch resistance, elasticity, adhesion, and chemical resistance. The system also brings better machine speed and faster drying of the product. The UV curing system reduces the emission of organic compounds (VOC) during coverage, printing ink, adhesives, and other similar materials. It provides one of the main reasons for the high adoption of cured UV coating systems in many applications such as furniture, health care, cars, electrical appliances, and more. Therefore, the inflammatory requirement of the UV based system among various industries strengthens the market for UV curing systems.
Although the main obstacle to the growth of the UV curing system market is due to the limited depth of UV therapeutic technology to the light parts and of leaving the adhesion somewhere due to the blockage of oxygen. While in the air, it is possible for free radicals to react with oxygen before initiating polymerization, resulting in incomplete treatment and adhesion. UV curing systems also have a high degree of shrinkage, making it difficult to treat deep and shady areas. This can be helped by a second surgical treatment in a hot oven which may overcome the shadows. However, there are many conferences on electronic components, especially in industries such as automotive, agriculture, consumer electronics, and construction, which can be exposed to second-line treatment.
The global UV curing market is divided on a technological basis into UV LEDs and mercury lamps. On the basis of applications, the market is divided into printing, binding, and finishing. Also on the basis of type, the market is divided into spot cure, conveyor, flood, and focused beam. The North American region is the largest market for UV curing programs with the largest share in 2020 and is expected to lead the market for a few years. North America is home to a wide variety of manufacturing industries in various fields such as automotive, medical, electronics, and semiconductors. These sectors are seeing significant adoption of UV curing technology to meet the growing demand of the market and it is estimated that it will increase soon.
Some of the major players working in the global UV curing system market include Baldwin Technology (USA), Dymax (USA), Nordson (USA), Excelitas Technology (USA), Heraeus (Germany), Phoseon Technology (USA), Hönle (Germany), DELO (Germany), IST Metz (Germany), American Ultraviolet (USA), Hanovia (USA), Omron Corporation (Japan), Uvitron (USA), Atlantic Zeiser (Germany), Benford UV (USA), Miltec UV (USA), Thorlabs (USA), UVEXS (USA), APL Machinery (India), Kyocera Corporation (Japan), Senlian (China), Panasonic (Japan), DoctorUV (USA), Shenzhen Naimeite (China), and Jenson International (UK).
Browse the full Report - UV Curing Market by Technology (Mercury Lamp, Microwave Lamp, Arc Lamp, UV LED), by Type (Spot Cure, Flood Cure, Focused Beam), by Pressure Type (High Pressure, Medium Pressure, Low Pressure), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)