UV Curing System Market to Reach USD 9.1 Billion by 2028

Vantage Market Research

Jan 04, 2022

The UV curing system market is expected to reach USD 9.1 billion by 2028, growing at a CAGR of 17.5% from 2021 to 2028. UV Curing System uses high-intensity ultraviolet light to dry coatings, adhesives, or ink. It uses in various applications such as Printing, Bonding, and Coating & Finishing. Thus increasing demand for UV Curing System for packaging purposes is driving the growth of the UV curing system market in the years to come. In addition, the growing demand for better finishing products is also propelling the UV curing system market demand in the coming years.

Key Findings:    

  • Based on the technology segment, the UV LED segment accounted for the largest share of the UV curing system market, owing to the use of energy-efficient LEDs. In addition, UV LEDs are environmentally friendly and contain a longer life span than mercury lamps. Therefore it increases the segmental growth of the UV curing system market in the near future.
  • Based on the application segment, the printing segment holds the highest share of the UV curing system market. UV curing systems are basically used for printing purposes. UV LEDs are eco-friendly and provide material versatility, high-quality finishing, and color enhancement facility in printing applications. Thus, there is increased demand for the UV curing system market in printing applications.
  • Asia Pacific accelerated the largest share of the UV curing system market at a CAGR of 20.1% during the forecast period. The use of adhesive UV curing is increasing tremendously in the many countries available in this region. The use is increasing because of their advantages over conventional adhesive UV curing systems for packaging purposes.

Major players involved in the UV curing system market are Shenzhen Naimeite, Baldwin Technology, Nordson, Excelitas Technologies, Dymax, Hönle, DELO, Senlian, Panasonic, Omron Corporation, Uvitron, IST Metz, American Ultraviolet, Hanovia, Benford UV, Atlantic Zeiser, Miltec UV, Thorlabs, APL Machinery Pvt Ltd., UVEXS Incorporated, GEW (EC) Limited, Kyocera Corporation, DoctorUV, Jenson International, Heraeus, and Phoseon Technology, among others.

The key factor that fuels the growth of the UV curing system market is the increasing demand for eco-friendly products. The traditional UV curing system uses a heat-based or air drying technique that emits greenhouse gases which are directly impacted the environment. On the other hand, a UV curing system with LED technique emits nontoxic components in the air at the time of coating. Thus the demand for nontoxic coating techniques is increasing rapidly due to their eco-friendly benefit. Also, UV LED curing is mainly used in graphics applications for digital inkjet printing, sheeted offset printing, flexo printing, and screen printing purpose. The demand for these applications is increasing day by day because it is quickly retrofitted and allow flexibility at the time of coating.

This report provides a detailed description of production analysis, value chain optimization, market share, strategic market growth analysis, technological innovations in the market. It also briefs about trade regulations, import-export analysis, analyses opportunities in terms of emerging revenue pockets, new product launches, and recent developments, geographical expansions, changes in market regulations, and other information as well.