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Uv Curing Market

UV Curing Market

UV Curing Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

145

Base Year:

2022

Date

Sep - 2023

Format:

PDF XLS PPT

Report Code:

VMR-VMR-2022-1100

Segments Covered
  • By Technology By Technology UV LEDs, Mercury Lamps
  • By Type By Type Spot Cure, Flood & Focused Beam, Conveyor
  • By Pressure Type By Pressure Type High, Medium, Low
  • By Application By Application Printing, Bonding & Assembling, Coating & Finishing, Others
  • By Vertical By Vertical Life Science & Medical, Consumer Electronics, Industrial & Machinery, Semiconductor, Automotive, Aerospace & Defense, Marine, Energy, Construction, Others
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 4.1 Billion
Revenue 2030Revenue 2030: USD 13.7 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 18.90%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
UV Curing Market Share

The global UV Curing Market is valued at USD 4.1 Billion in 2022 and is projected to reach a value of USD 13.7 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 18.90% between 2023 and 2030.

Premium Insights

UV LED technology is currently seeing a noticeable shift in the industry due to its superior energy efficiency, longer lifespan, and environmental sustainability. The technology enabling precise photopolymer curing and accelerating production, UV Curing is becoming increasingly important in 3D printing and additive manufacturing. Regulations encouraging low-VOC (volatile organic compound) and eco-friendly curing solutions are also impacting market strategy and product development.

UV Curing Market Size, 2022 To 2030 (USD Billion)

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  • The demand for UV curing solutions is being driven by the global expansion of sectors including electronics, automotive, and healthcare, resulting in market diversification and growth.
  • North America generated more than 40.90% of revenue share in 2022
  • Asia Pacific is expected to grow at the quickest rate from 2023 to 2030
  • UV LED segment accounted for the largest market growth. It contributed over 52.2% of the total revenue share in 2022 due to its energy efficiency, longer lifespan, and eco-friendly attributes, making it the preferred choice for UV curing applications
  • Spot Cure segment revealed the most significant market growth, contributing more than 38.9% of the total revenue share in 2022
  • High Pressure segment accounts for largest revenue of 42.2% in 2022
  • Bonding & Assembling segment will account for 33.2% in total market share in 2022
  • In 2022, Automotive sector accounted for 28.8% market share in 2022

Economic Insights

The UV Curing has grown significantly. The industry has seen a rise in R&D spending, with businesses investing about 8–10% of their revenues to product development and innovation, spurring technological breakthroughs and market expansion. Additionally, the UV Curing business has boosted local and global economies by producing thousands of jobs worldwide, with a remarkable 15% rise in employment in manufacturing and research activities over the last three years. These economic observations emphasize the sector's rapid expansion, innovation-driven character, contribution to job creation, and cost-effectiveness for firms.

Report Coverage & Deliverables

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  • Real-Time Data Updates:
  • Competitor Benchmarking
  • Market Trends Heatmap
  • Custom Research Queries
  • Market Sentiment Analysis
  • Demographic and Geographic Insights

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Top Market Trends

  • Increasing demand for UV-cured products: Coatings, inks, adhesives, and composites can all be quickly and effectively cured using UV light.
  • Development of new UV curing technologies: New UV curing technologies, like LED curing and pulsed UV curing, are currently being developed. These innovative technologies provide a number of benefits over conventional UV curing methods, including quicker curing times, less energy use, and better product quality.
  • Growth of the electronics and packaging industries: The UV curing method is mostly used in the electronics and packaging industries. The market for UV curing is expanding as a result of the expansion of these sectors.
  • Rise of 3D printing: UV curing is a fast-developing technology that is used to harden produced items in 3D printing. The market for UV curing is expanding as a result of the rise of 3D printing.
  • Growing demand for customized UV curing solutions: In order to meet their unique needs, manufacturers are demanding more and more customized UV curing solutions. The need for UV curing tools and supplies is increasing as a result.

Market Segmentation

UV Curing The global UV Curing market can be categorized into Technology, Type, Pressure Type, Application, Vertical, Region . The UV Curing market can be categorized into UV LEDs, Mercury Lamps based on Technology. The UV Curing market can be categorized into Spot Cure, Flood & Focused Beam, Conveyor based on Type. The UV Curing market can be categorized into High, Medium, Low based on Pressure Type. The UV Curing market can be categorized into Printing, Bonding & Assembling, Coating & Finishing, Others based on Application. The UV Curing market can be categorized into Life Science & Medical, Consumer Electronics, Industrial & Machinery, Semiconductor, Automotive, Aerospace & Defense, Marine, Energy, Construction, Others based on Vertical. The UV Curing market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region .

Below tree is interactive. You can click the nodes to get more information.

Based on Technology

UV LED holds the largest share

UV LED technology holds the highest share of the UV Curing industry because UV LEDs are more energy-efficient than conventional UV curing technologies like UV LEDs are sustainable because they don't release any toxic VOCs, making them environmentally benign.

Based on Type

Spot cure will dominate the market during Forecast Period

The UV Curing market is anticipated to be dominated by the spot cure type due to its extraordinary versatility. Spot cure systems provide unrivalled versatility, can cure a variety of materials, and can accommodate a wide range of applications. Additionally, their low cost makes them an economical option for manufacturers in numerous industries. Spot cure systems' user-friendliness and ease of maintenance further increase their allure, making them an excellent choice for companies with little technical know-how and securing their dominant position in the UV curing market.

Based on Pressure Type

High Pressure will account for largest market share

The UV Curing market is expected to be dominated by the high-pressure sector because these are the best option for applications where production efficiency is a key priority since they excel at offering quick curing speeds. Additionally, their cost-effectiveness is increased by their higher energy efficiency compared to low-pressure UV curing systems. High-pressure UV curing systems are the go-to option for businesses looking for both speed and variety in the UV curing process because of their extraordinary versatility, which further bolsters their position as the industry leader.

Based on Application

Bonding & assembling lead the market in 2022

The bonding and assembly category to lead the UV Curing market in 2022, because this industry is a major user of UV curing technology and makes extensive use of it for the quick and effective curing of adhesives and sealants, which are necessary for bonding a wide variety of materials, including plastics, metals, and composites. The expanding need for lightweight and long-lasting goods across a variety of industries is driving the bonding & assembling segment's accelerating rise. UV curing's special ability to connect substances that are typically difficult to adhere, such plastics and composites, adds to its allure.

Based on Vertical

Automotive sector dominated the market

The automotive industry is positioned to command the largest share of the UV Curing market in 2022. The UV curing technology is heavily used by the automobile industry to cure a wide range of materials necessary for automotive applications, including paints, coatings, adhesives, and sealants. The importance of UV curing within this industry is amplified by the fast growth of the automotive sector, which is being driven by the increased demand for new cars and the necessity to improve fuel efficiency.

Based on Region

North America will lead the market

North America is expected to dominate the market for UV Curing because some of the top producers of UV curing machinery and consumables are from North America. This has helped to create a vibrant industry ecosystem. With a strong economy and a high level of technological innovation, North America is strengthening its position as the market leader and creating an environment that is favorable for the market for UV curing to continue growing and innovating.

Competitive Landscape

The global UV Curing market is fragmented, including a diverse array of the presence of several key players and dynamic industry ecosystem. Key players focus on continuous innovation and product development to stay ahead, introducing advanced UV curing systems and solutions to cater to diverse applications. Strategic collaborations, partnerships, and acquisitions are prevalent strategies to expand market reach and enhance technological capabilities.

The players in the global UV Curing market include American Ultraviolet, APL Machinery Pvt. Ltd., Baldwin Technology, Dymax, Excelitas Technologies, IST Metz, Jenton International, Kyocera Corporation, Omron Corporation, Panasonic, Phoseon Technology, Shenzhen Naimeite among others.

Recent Market Developments

  • 2022: The growing demand for Heraeus Holding's flashlamps and flash systems in the international UV curing industry is the primary motivator for the company's decision to relocate its manufacturing and development operations to Northstowe, North Cambridge. This tactical step demonstrates the company's dedication to maintaining market relevance and addressing customer demands across a range of sectors where UV curing plays a key role.

Segmentation of the Global UV Curing Market

Parameter Details
Segments Covered

By Technology

  • UV LEDs
  • Mercury Lamps

By Type

  • Spot Cure
  • Flood & Focused Beam
  • Conveyor

By Pressure Type

  • High
  • Medium
  • Low

By Application

  • Printing
  • Bonding & Assembling
  • Coating & Finishing
  • Others

By Vertical

  • Life Science & Medical
  • Consumer Electronics
  • Industrial & Machinery
  • Semiconductor
  • Automotive
  • Aerospace & Defense
  • Marine
  • Energy
  • Construction
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • American Ultraviolet
  • APL Machinery Pvt. Ltd.
  • Baldwin Technology
  • Dymax
  • Excelitas Technologies
  • IST Metz
  • Jenton International
  • Kyocera Corporation
  • Omron Corporation
  • Panasonic
  • Phoseon Technology
  • Shenzhen Naimeite
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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FAQ
Frequently Asked Question
  • The global UV Curing valued at USD 4.1 Billion in 2022 and is expected to reach USD 13.7 Billion in 2030 growing at a CAGR of 18.90%.

  • The prominent players in the market are American Ultraviolet, APL Machinery Pvt. Ltd., Baldwin Technology, Dymax, Excelitas Technologies, IST Metz, Jenton International, Kyocera Corporation, Omron Corporation, Panasonic, Phoseon Technology, Shenzhen Naimeite.

  • The market is project to grow at a CAGR of 18.90% between 2023 and 2030.

  • The driving factors of the UV Curing include

    • Growing inclination toward eco-friendly products and stringentn reguolations regarding the use of green products

  • North America was the leading regional segment of the UV Curing in 2022.