Increasing demand for UV LED based curing over conventional curing methods to drive the adoptions of UV Curing Systems whose market is forecasted to grow at a CAGR of 9.6%
Published Date : 26/04/2018
According to a new market research study titled 'UV Curing Systems Market to 2025 - Global Analysis and Forecasts by Application and End-User', the global UV curing systems market was valued at US$ 1,163.4 Mn in 2017 and is estimated to reach US$ 2,409.8 Mn by 2025. The report highlights the trends prevalent in the global UV curing systems market and the factors driving the market along with those that act as deterrents to its growth.
One of the major reasons for high adoption of UV curing systems is the increasing adoption of UV LED based curing method over the conventional curing methods. This is due to the reason that the UV LED based curing systems provide better properties than the other type of curing systems such as better abrasion resistance, durability, elasticity, adhesion, and chemical resistance. The system also provides better operational speed of the machine as well as faster drying of the product. The UV curing systems also reduces the emission of the volatile organic compounds (VOC) released during painting, coatings, inks, adhesives, and similar materials making it one of the main reason for the high adoption of UV cured coating systems in a wide variety of applications such as furniture, automotive, healthcare, electronics, and others.
Furthermore, UV curing systems provide many advantages over other conventional curing methods leading to increasing demand of the system by the end-use companies of the UV curing market. Moreover, as the manufacturers are developing the UV curing systems, the focus is especially on the overall environmental impact of the process and also at the same time maintain productivity and product performance. These features are also one of the main reason responsible for the increase of the UV LED curing in the wood coating market.
The global UV curing systems market has been segmented on the basis of applications into bonding & assembling, coating & finishing, and printing. On the basis of end-user, the UV Curing market is categorized into automotive, healthcare, electronics, and others. Geographically, the global UV Curing market is segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
The coating & finishing sector is expected to witness a rapid growth and drive the growth of UV Curing market. The key players profiled in the report are Phoseon Technology, Dymax Corporation, Nordson Corporation, Air Motion Systems, Inc., Heraeus Noblelight America LLC, American Ultraviolet Inc., Excelitas Technologies Inc., IST METZ GmbH, Jenton International Ltd., and Hanovia Limited.
The report segments the global UV Curing Systems market as follows:
Global UV Curing Systems Market - By Application
Bonding & Assembling
Coating & Finishing
Global UV Curing Systems Market - By End-User
Global UV Curing Systems Market - By Geography
Rest of Europe
Asia Pacific (APAC)
Rest of APAC
Middle East & Africa (MEA)
Rest of MEA
South America (SAM)
Rest of SAM