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UV Curing System Market by Technology (Mercury Lamp (Microwave Lamp, Arc Lamp) and UV LED), Type (Spot Cure, Flood Cure, and Focused Beam), Pressure (High, Medium, and Low), Application, End-User Industry, and Geography - Global Forecast to 2024

July 2019 | 152 pages | ID: U38A89609AFEN
MarketsandMarkets

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The inclination toward environmentally friendly products, along with stringent regulations regarding the use of green products and high performance & increased speed of UV curing systems than that of traditional ones are among major driving factors for UV curing system market

The UV curing system market is expected to reach USD 6.1 billion by 2024 from USD 3.7 billion in 2019, at a CAGR of 10.3%. This growth can be attributed to the inclination toward environmentally friendly products, along with stringent regulations regarding the use of green products and high performance & increased speed of UV curing systems than that of traditional curing systems. Factors restraining the growth of the UV curing system market are the limited depth of cure.

Mercury lamp to hold the larger market share during the forecast period in UV curing system market

The UV curing system market for mercury lamps is expected to hold a larger market share during the forecast period. Mercury-based UV lamps have been extensively adopted for industrial and printing applications owing to the technological advancements and reduction in manufacturing time compared to traditional curing methods. Further, increasing government efforts, especially in the US and European countries to implement eco-friendly curing technologies, are encouraging industries to adopt UV curing systems.

UV flood curing system to grow at the highest share during the forecast period in UV curing system market

The market for UV flood curing systems is expected to grow at the highest CAGR during the forecast period. A UV flood curing system is designed to cure a large area or multiple assemblies at the same time, making it an ideal system for applications such as curing adhesives, sealants, and coatings.

Bonding & assembling application to hold the largest share of UV curing system market during the forecast period

The bonding & assembling application is expected to hold the largest share of the global UV curing system market during the forecast period. UV curing systems in the bonding & assembling application are used to bond or stick materials, such as glass, plastic, and metals which are required typically in industries, such as semiconductor and consumer electronics. The demand for UV curing systems for bonding & assembling is increasing because of their fast, flexible, and eco-friendly curing methods.

North America to be the largest shareholder, whereas RoW to register the highest CAGR during the forecast period

North America is expected to account for the largest share of the global UV curing system market during the forecast period, owing to the presence of key UV curing system manufacturers, such as Dymax, Phoeseon, and Baldwin Technology. The UV curing system market in RoW is expected to grow at the highest CAGR during the forecast period. The Middle East accounted for a substantial share of the UV curing system market in ROW. Increasing awareness regarding the benefits of the technology is fueling the growth of the UV curing market in RoW.

The breakup of primaries conducted during the study is depicted below:
  • By Company Type: Tier 1 = 55%, Tier 2 = 20%, and Tier 3 = 25%
  • By Designation: C-Level Executives = 75% and Directors = 25%
  • By Region: North America = 10%, Europe = 20%, APAC = 40%, and RoW = 30%
Players in the UV curing system market include Baldwin Technology (US), Dymax (US), Nordson (US), Panasonic (Japan), Excelitas (US), Heraeus (Germany), Phoseon (US), Honle (Germany), Delo (Germany), Ist Metz (US), American Ultraviolet (US), Omron (Japan), Uvitron (US), Atlantic Zeiser (Germany), Benford (UK), Gew (EC) (UK), Hanovia (UK), Miltec (US), Thorlabs (US), and Hoya (Japan).

Factors such as high-growth prospects of UV curing technology in new applications and high acceptance of UV curing with the rapid development of bio-based products and resins are expected to generate opportunities for players in the UV curing system market.

Research Coverage
  • Illustrative segmentation, analysis, and forecast for the market based on technology, pressure type, type, application, end-user, and geography have been conducted to offer an overall view of the UV curing system market.
  • Major drivers, restraints, opportunities, and challenges of the UV curing system market have been detailed in the report.
  • Opportunities in the market have been defined for stakeholders, along with the details of the competitive landscape for market leaders.
  • Strategic profiling of key players in the UV curing system market has been included in the study, and the players have been ranked, along with their core competencies comprehensively analyzed.
  • The study also covers the competitive leadership mapping for 25 players in the UV curing system market.
Reasons to Buy This Report

The report would help leaders/new entrants in the UV curing system market in the following ways:

1. This report segments the UV curing system market comprehensively and provides the closest market size estimations for segments across regions.
2. The report will help stakeholders understand the pulse of the market and provide them information on key drivers, restraints, challenges, and opportunities governing market growth.
3. This report will help stakeholders understand their competitors better and gain insights to improve their position in the business. The competitive landscape section includes the competitor ecosystem, and growth strategies such as product launches, acquisitions, expansions, agreements, and collaborations.
1 INTRODUCTION

1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
  1.3.1 MARKETS COVERED
  1.3.2 GEOGRAPHIC SCOPE
  1.3.3 YEARS CONSIDERED
1.4 CURRENCY
1.5 LIMITATIONS
1.6 MARKET STAKEHOLDERS

2 RESEARCH METHODOLOGY

2.1 RESEARCH DATA
  2.1.1 SECONDARY DATA
    2.1.1.1 List of major secondary sources
    2.1.1.2 Key data from secondary sources
  2.1.2 PRIMARY DATA
    2.1.2.1 Primary interviews with experts
    2.1.2.2 Key data from primary sources
    2.1.2.3 Key industry insights
    2.1.2.4 Breakdown of primaries
  2.1.3 SECONDARY AND PRIMARY RESEARCH
2.2 MARKET SIZE ESTIMATION
  2.2.1 BOTTOM-UP APPROACH
    2.2.1.1 Approach for capturing the market share by bottom-up analysis (demand side)
  2.2.2 TOP-DOWN APPROACH
    2.2.2.1 Approach for capturing the market share by top-down analysis (supply side)
2.3 MARKET RANKING ESTIMATION
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
2.5 RESEARCH ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

4.1 ATTRACTIVE OPPORTUNITIES IN UV CURING SYSTEM MARKET
4.2 UV CURING SYSTEM MARKET, BY TYPE
4.3 UV CURING SYSTEM MARKET IN APAC, BY APPLICATION AND COUNTRY
4.4 UV CURING SYSTEM MARKET, BY APPLICATION
4.5 UV CURING SYSTEM MARKET, BY REGION
4.6 COUNTRY-WISE ANALYSIS OF UV CURING SYSTEM MARKET

5 MARKET OVERVIEW

5.1 INTRODUCTION
5.2 MARKET DYNAMICS
  5.2.1 DRIVERS
    5.2.1.1 Inclination toward environmentally friendly products, along with stringent regulations regarding use of green products
    5.2.1.2 High performance and increased speed of UV curing systems than that of traditional curing systems
  5.2.2 RESTRAINT
    5.2.2.1 Limited depth of curing
  5.2.3 OPPORTUNITIES
    5.2.3.1 High-growth prospects of UV curing technology in new applications
    5.2.3.2 High acceptance of UV curing with rapid development of bio-based products and resins
  5.2.4 CHALLENGES
    5.2.4.1 Risks related to hazardous effects of mercury present in UV mercury lamps
5.3 VALUE CHAIN ANALYSIS

6 UV CURING SYSTEM MARKET, BY TECHNOLOGY

6.1 INTRODUCTION
6.2 MERCURY LAMPS
  6.2.1 MICROWAVE LAMPS
    6.2.1.1 No requirement of restriking operation drives the demand
  6.2.2 ARC LAMPS
    6.2.2.1 Capability of curing large length drives demand for ARC lamps
6.3 UV LED LAMPS
  6.3.1 UV LED LAMPS TO GROW AT THE HIGHER RATE DURING THE FORECAST PERIOD

7 UV CURING SYSTEM MARKET, BY PRESSURE TYPE

7.1 INTRODUCTION
7.2 HIGH
  7.2.1 GROWING ADOPTION BY COMMERCIAL APPLICATIONS TO BOOST DEMAND
7.3 MEDIUM
  7.3.1 GROWING APPLICATIONS IN FOOD & BEVERAGES, MEDICAL, ELECTRONICS, SEMICONDUCTOR, AND PHARMACEUTICALS INDUSTRIES GENERATING DEMAND
7.4 LOW
  7.4.1 LESS INITIAL EQUIPMENT AND REPLACEMENT COST DRIVES MARKET GROWTH

8 UV CURING SYSTEM MARKET, BY TYPE

8.1 INTRODUCTION
8.2 SPOT CURE
  8.2.1 LESS EXTERNAL SHIELDING REQUIREMENT DRIVES DEMAND FOR
UV SPOT CURING SYSTEMS
8.3 FLOOD CURE
  8.3.1 GROWING ADOPTION BY INDUSTRIAL APPLICATIONS DRIVES DEMAND FOR UV FLOOD CURING SYSTEMS
8.4 FOCUSED BEAM
  8.4.1 ABILITY TO CURE SMALL AREA AT SHORT EXPOSURE TIME BOOSTS DEMAND FOR FOCUSED-BEAM UV CURING SYSTEMS

9 UV CURING SYSTEM MARKET, BY APPLICATION

9.1 INTRODUCTION
9.2 PRINTING
  9.2.1 PRINTING APPLICATION TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD
9.3 BONDING AND ASSEMBLING
  9.3.1 BONDING AND ASSEMBLING APPLICATION TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD
9.4 COATING AND FINISHING
  9.4.1 FINE QUALITY AND HIGH LONGEVITY OF UV CURING SOLUTIONS DRIVE MARKET
9.5 DISINFECTION
  9.5.1 COST-EFFICIENCY AND FAVORABLE GOVERNMENT INITIATIVE FOR
UV DISINFECTION EQUIPMENT DRIVE MARKET GROWTH
9.6 OTHERS

10 UV CURING SYSTEM MARKET, BY END USER

10.1 INTRODUCTION
10.2 AEROSPACE AND DEFENSE
  10.2.1 WEAPON COATING
    10.2.1.1 Reduced drying time and cost of curing and drying weapons generated demand
  10.2.2 AIRCRAFT
    10.2.2.1 High demand for reducing paint process flow time in airctaft drive market growth
10.3 AUTOMOTIVE AND TRANSPORTATION
  10.3.1 DECORATING INTERIOR VEHICLE ASSEMBLIES
    10.3.1.1 Faster throughput and less downtime makes UV curing system highly suitable
  10.3.2 RADIOS, MUSIC SYSTEMS, AND NAVIGATION CONSOLES
    10.3.2.1 Growing need for coating and finishing in automotive boosts demand
  10.3.3 WIRE HARNESSES AND CABLES
    10.3.3.1 Enhancement in protection and abrasion resistance through
UV curing solutions drives the market
  10.3.4 PRINTING UNIQUE IDENTITY CARDS, LOGOS, AND MARKINGS ON GLASS
    10.3.4.1 High demand for printing inks in automotive and transportation boost the market
  10.3.5 COATINGS FOR MIRRORS, HEADLIGHTS, TAIL LIGHTS, REFLECTORS, AND LENSES
    10.3.5.1 UV curing system holds substantial share pertaining to coating in automotive and transportation
10.4 CONSTRUCTION AND ARCHITECTURE
  10.4.1 FILLING CRACKS AND SEALING JOINTS
    10.4.1.1 High use for curing internal and external cracks and joints drives market in this segment
  10.4.2 SEALANTS AND ADHESIVES FOR HIGHWAYS, RUNWAYS, TUNNELS, SIDEWALKS, PARKING DECKS, COMMERCIAL BUILDINGS, AND CONSTRUCTION PROJECTS
    10.4.2.1 Strong bonding to most substrates makes UV curing ideal for construction projects
10.5 SEMICONDUCTOR
  10.5.1 WAFER PROCESSING
    10.5.1.1 UV curing solutions largely used for wafer processing in semiconductor industry
  10.5.2 PRINTED CIRCUIT BOARDS
    10.5.2.1 UV curing systems used in bonding and coating processes of printed circuit boards
  10.5.3 ELECTRONICS ASSEMBLY
    10.5.3.1 High speed and minimal work makes UV curing highly suitable for electronic assembly
10.6 ENERGY
  10.6.1 OIL AND GAS PIPELINES (INTERNAL COATINGS AND EXTERNAL COATINGS)
    10.6.1.1 UV curing technologies extensively used to coat oil and gas pipelines in energy sector
10.7 INDUSTRIAL AND MACHINERY
  10.7.1 MACHINERY (FARM, WOODWORKING, INDUSTRIAL, OFFICE, AND AUTOMATIC VENDING)
    10.7.1.1 UV curing system for coating machinery is gaining high importance in industrial sector
  10.7.2 EQUIPMENT (PRINT LABEL AND PACKAGING)
    10.7.2.1 UV curing technologies are preferred for print label and packaging
10.8 MARINE
  10.8.1 WATER LINES
    10.8.1.1 UV curing system offers strong bonding solution against harsh environmental conditions
  10.8.2 BARGES
    10.8.2.1 UV curing systems are used for barges painting and drying
  10.8.3 CANAL BOATS
    10.8.3.1 UV curing is an ideal solution to insulate and prevent corrosion in canal boats
  10.8.4 YACHTS
    10.8.4.1 UV curing technologies are used in Yachts to thicken the outer/
inner layers and provide resistance
10.9 MEDICAL
  10.9.1 EQUIPMENT (CATHETERS, NEEDLE BONDERS, ANESTHESIA MASKS, RESERVOIRS, AND TUBE SETS)
    10.9.1.1 Capability to dispense adhesive consistently in less time boost the demand
  10.9.2 MEDICAL ELECTRONICS ASSEMBLY
    10.9.2.1 UV spot cure and UV LED flood cure are used for medical electronics assembly
10.10 CONSUMER ELECTRONICS
  10.10.1 COATINGS ON PLASTIC PARTS OF ELECTRONICS (MOBILE PHONES, TELEVISIONS, LAPTOPS)
    10.10.1.1 UV curing technologies provide shiny and smooth surface to plastic parts of electronics
  10.10.2 DISPLAYS OF ELECTRONIC DEVICES
    10.10.2.1 UV curing is deployed before assembling displays of electronics devices
10.11 OTHERS (AGRICULTURE AND FILTRATION (AIR AND WATER))

11 GEOGRAPHIC ANALYSIS

11.1 INTRODUCTION
11.2 NORTH AMERICA
  11.2.1 US
    11.2.1.1 US expected to account for largest share of UV curing system market in North America throughout the forecast period
  11.2.2 CANADA
    11.2.2.1 Canadian UV curing system market is likely to grow at significant CAGR during forecast period
  11.2.3 MEXICO
    11.2.3.1 Mexico to witness highest CAGR in North American UV curing system market
11.3 EUROPE
  11.3.1 GERMANY
    11.3.1.1 Deployment in diverse industries and presence of major manufacturers to boost demand for UV curing systems
  11.3.2 FRANCE
    11.3.2.1 Government mandates to follow safety standards drive adoption of UV curing systems in country
  11.3.3 UK
    11.3.3.1 High demand from transportation sector drives market growth in UK
  11.3.4 NETHERLANDS
    11.3.4.1 Growing industrialization in country drives market growth
  11.3.5 REST OF EUROPE
11.4 APAC
  11.4.1 CHINA
    11.4.1.1 Growing manufacturing industry in China boosts demand for
UV curing systems
  11.4.2 JAPAN
    11.4.2.1 Increasing R&D activities of associations in Japan drive market growth
  11.4.3 SOUTH KOREA
    11.4.3.1 Growing electronics industry and rising implementation of strict emission norms propel market growth in South Korea
  11.4.4 INDIA
    11.4.4.1 Rising need for high-performance products increases demand for
UV curing in India
  11.4.5 REST OF APAC
11.5 REST OF THE WORLD
  11.5.1 SOUTH AMERICA
    11.5.1.1 Less awareness regarding UV curing technology hinders market growth
  11.5.2 MIDDLE EAST & AFRICA
    11.5.2.1 High adoption of UV curing systems boosts market growth in regions

12 COMPETITIVE LANDSCAPE

12.1 OVERVIEW
12.2 MARKET RANKING ANALYSIS
12.3 COMPETITIVE LEADERSHIP MAPPING
  12.3.1 VISIONARY LEADERS
  12.3.2 DYNAMIC DIFFERENTIATORS
  12.3.3 INNOVATORS
  12.3.4 EMERGING COMPANIES
12.4 BUSINESS STRATEGY EXCELLENCE (FOR 25 PLAYERS)
12.5 STRENGTH OF PRODUCT PORTFOLIO (FOR 25 PLAYERS)
12.6 COMPETITIVE SCENARIO
  12.6.1 PRODUCT LAUNCHES
  12.6.2 ACQUISITIONS AND EXPANSIONS
  12.6.3 AGREEMENTS AND COLLABORATIONS

13 COMPANY PROFILES

13.1 INTRODUCTION
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
13.2 KEY PLAYERS
  13.2.1 DYMAX
  13.2.2 NORDSON
  13.2.3 BALDWIN TECHNOLOGY
  13.2.4 HERAEUS
  13.2.5 PHOSEON
  13.2.6 HONLE
  13.2.7 PANASONIC CORPORATION OF NORTH AMERICA
  13.2.8 DELO
  13.2.9 IST METZ
  13.2.10 AMERICAN ULTRAVIOLET
13.3 OTHER KEY PLAYERS
  13.3.1 OMRON
  13.3.2 EXCELITAS
  13.3.3 UVITRON
  13.3.4 ATLANTIC ZEISER
  13.3.5 BENFORD UV
  13.3.6 GEW (EC)
  13.3.7 HANOVIA
  13.3.8 MILTEC UV
  13.3.9 THORLABS
  13.3.10 HOYA
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.

14 APPENDIX

14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 AVAILABLE CUSTOMIZATIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS

LIST OF TABLES

TABLE 1 COMPARISON BETWEEN UV COATING SYSTEMS AND SOLVENTBORNE (TRADITIONAL) COATING SYSTEMS
TABLE 2 VOLUME OF UV COATINGS IN NORTH AMERICA FOR PROMINENT APPLICATIONS
TABLE 3 COMPARISON BETWEEN MERCURY LAMPS AND UV LED LAMPS
TABLE 4 UV CURING SYSTEM MARKET, BY TECHNOLOGY, 2016–2024 (USD MILLION)
TABLE 5 UV CURING SYSTEM MARKET FOR MERCURY LAMPS, BY TECHNOLOGY, 2016–2024 (USD MILLION)
TABLE 6 UV CURING SYSTEM MARKET FOR MERCURY LAMPS, BY PRESSURE TYPE, 2016–2024 (USD MILLION)
TABLE 7 UV CURING SYSTEM MARKET FOR MICROWAVE LAMPS, BY PRESSURE TYPE, 2016–2024 (USD MILLION)
TABLE 8 UV CURING SYSTEM MARKET FOR ARC LAMPS, BY PRESSURE TYPE, 2016–2024 (USD MILLION)
TABLE 9 UV CURING SYSTEM MARKET FOR UV LED LAMPS, BY PRESSURE TYPE, 2016–2024 (USD MILLION)
TABLE 10 UV CURING SYSTEM MARKET, BY PRESSURE TYPE, 2016–2024 (USD MILLION)
TABLE 11 HIGH-PRESSURE UV CURING SYSTEM MARKET, BY TECHNOLOGY, 2016–2024 (USD MILLION)
TABLE 12 HIGH-PRESSURE MERCURY LAMP MARKET, BY TECHNOLOGY, 2016–2024 (USD MILLION)
TABLE 13 HIGH PRESSURE UV CURING SYSTEM MARKET, BY TYPE, 2016–2024 (USD MILLION)
TABLE 14 MEDIUM-PRESSURE UV CURING SYSTEM MARKET, BY TECHNOLOGY, 2016–2024 (USD MILLION)
TABLE 15 MEDIUM-PRESSURE MERCURY LAMP MARKET , BY TECHNOLOGY, 2016–2024 (USD MILLION)
TABLE 16 MEDIUM-PRESSURE UV CURING SYSTEM MARKET, BY TYPE, 2016–2024 (USD MILLION)
TABLE 17 LOW-PRESSURE UV CURING SYSTEM MARKET, BY TECHNOLOGY, 2016–2024 (USD MILLION)
TABLE 18 LOW-PRESSURE MERCURY LAMP MARKET, BY TECHNOLOGY, 2016–2024 (USD MILLION)
TABLE 19 LOW-PRESSURE UV CURING SYSTEM MARKET, BY TYPE, 2016–2024 (USD MILLION)
TABLE 20 UV CURING SYSTEM MARKET, BY TYPE, 2016–2024 (USD MILLION)
TABLE 21 UV SPOT CURING SYSTEM MARKET, BY PRESSURE TYPE, 2016–2024 (USD MILLION)
TABLE 22 UV SPOT CURING SYSTEM MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
TABLE 23 UV FLOOD CURING SYSTEM MARKET, BY PRESSURE TYPE, 2016–2024 (USD MILLION)
TABLE 24 UV FLOOD CURING SYSTEM MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
TABLE 25 FOCUSED-BEAM UV CURING SYSTEM MARKET, BY PRESSURE TYPE, 2016–2024 (USD MILLION)
TABLE 26 FOCUSED-BEAM UV CURING SYSTEM MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
TABLE 27 UV CURING SYSTEM MARKET, BY APPLICATION, 2016–2024 (USD MILLION)
TABLE 28 UV CURING SYSTEM MARKET FOR PRINTING, BY TYPE, 2016–2024 (USD MILLION)
TABLE 29 UV CURING SYSTEM MARKET FOR PRINTING, BY END USER, 2016–2024 (USD MILLION)
TABLE 30 UV CURING SYSTEM MARKET FOR BONDING AND ASSEMBLING, BY TYPE, 2016–2024 (USD MILLION)
TABLE 31 UV CURING SYSTEM MARKET FOR BONDING AND ASSEMBLING, BY END USER, 2016–2024 (USD MILLION)
TABLE 32 UV CURING SYSTEM MARKET FOR COATING AND FINISHING, BY TYPE, 2016–2024 (USD MILLION)
TABLE 33 UV CURING SYSTEM MARKET FOR COATING AND FINISHING, BY END USER, 2016–2024 (USD MILLION)
TABLE 34 UV CURING SYSTEM MARKET FOR DISINFECTION, BY TYPE, 2016–2024 (USD MILLION)
TABLE 35 UV CURING SYSTEM MARKET FOR DISINFECTION, BY END USER, 2016–2024 (USD MILLION)
TABLE 36 UV CURING SYSTEM MARKET FOR OTHER APPLICATIONS, BY TYPE, 2016–2024 (USD MILLION)
TABLE 37 UV CURING SYSTEM MARKET FOR OTHER APPLICATIONS, BY END USER, 2016–2024 (USD MILLION)
TABLE 38 UV CURING SYSTEM MARKET, BY END USER, 2016–2024 (USD MILLION)
TABLE 39 UV CURING SYSTEM MARKET FOR AEROSPACE AND DEFENSE, BY APPLICATION, 2016–2024 (USD MILLION)
TABLE 40 UV CURING SYSTEM MARKET FOR AEROSPACE AND DEFENSE, BY REGION, 2016–2024 (USD MILLION)
TABLE 41 UV CURING SYSTEM MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY APPLICATION, 2016–2024 (USD MILLION)
TABLE 42 UV CURING SYSTEM MARKET FOR AUTOMOTIVE AND TRANSPORTATION, BY REGION, 2016–2024 (USD MILLION)
TABLE 43 UV CURING SYSTEM MARKET FOR CONSTRUCTION AND ARCHITECTURE, BY APPLICATION, 2016–2024 (USD MILLION)
TABLE 44 UV CURING SYSTEM MARKET FOR CONSTRUCTION AND ARCHITECTURE, BY REGION, 2016–2024 (USD MILLION)
TABLE 45 UV CURING SYSTEM MARKET FOR SEMICONDUCTOR, BY APPLICATION, 2016–2024 (USD MILLION)
TABLE 46 UV CURING SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION, 2016–2024 (USD MILLION)
TABLE 47 UV CURING SYSTEM MARKET FOR ENERGY, BY APPLICATION, 2016–2024 (USD MILLION)
TABLE 48 UV CURING SYSTEM MARKET FOR ENERGY, BY REGION, 2016–2024 (USD MILLION)
TABLE 49 UV CURING SYSTEM MARKET FOR INDUSTRIAL AND MACHINERY, BY APPLICATION, 2016–2024 (USD MILLION)
TABLE 50 UV CURING SYSTEM MARKET FOR INDUSTRIAL AND MACHINERY, BY REGION, 2016–2024 (USD MILLION)
TABLE 51 UV CURING SYSTEM MARKET FOR MARINE, BY APPLICATION, 2016–2024 (USD MILLION)
TABLE 52 UV CURING SYSTEM MARKET FOR MARINE, BY REGION, 2016–2024 (USD MILLION)
TABLE 53 UV CURING SYSTEM MARKET FOR MEDICAL, BY APPLICATION, 2016–2024 (USD MILLION)
TABLE 54 UV CURING SYSTEM MARKET FOR MEDICAL, BY REGION, 2016–2024 (USD MILLION)
TABLE 55 UV CURING SYSTEM MARKET FOR CONSUMER ELECTRONICS, BY APPLICATION, 2016–2024 (USD MILLION)
TABLE 56 UV CURING SYSTEM MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2016–2024 (USD MILLION)
TABLE 57 UV CURING SYSTEM MARKET FOR OTHER END USERS, BY APPLICATION, 2016–2024 (USD MILLION)
TABLE 58 UV CURING SYSTEM MARKET FOR OTHER END USERS, BY REGION, 2016–2024 (USD MILLION)
TABLE 59 UV CURING SYSTEM MARKET, BY REGION, 2016–2024 (USD MILLION)
TABLE 60 UV CURING SYSTEM MARKET IN NORTH AMERICA, BY END USER, 2016–2024 (USD MILLION)
TABLE 61 UV CURING SYSTEM MARKET IN NORTH AMERICA, BY COUNTRY, 2016–2024 (USD MILLION)
TABLE 62 UV CURING SYSTEM MARKET IN EUROPE, BY END USER, 2016–2024 (USD MILLION)
TABLE 63 UV CURING SYSTEM MARKET IN EUROPE, BY COUNTRY, 2016–2024 (USD MILLION)
TABLE 64 UV CURING SYSTEM MARKET IN APAC, BY END USER, 2016–2024 (USD MILLION)
TABLE 65 UV CURING SYSTEM MARKET IN APAC, BY COUNTRY, 2016–2024 (USD MILLION)
TABLE 66 UV CURING SYSTEM MARKET IN ROW, BY END USER, 2016–2024 (USD MILLION)
TABLE 67 UV CURING SYSTEM MARKET IN ROW, BY COUNTRY, 2016–2024 (USD MILLION)
TABLE 68 TOP 10 RECENT PRODUCT LAUNCHES IN UV CURING SYSTEM MARKET
TABLE 69 MOST RECENT ACQUISITIONS AND EXPANSIONS IN THE UV CURING
SYSTEM MARKET
TABLE 70 MOST RECENT AGREEMENTS AND COLLABORATIONS IN THE UV CURING
SYSTEM MARKET

According to the new market research report "UV Curing System Market by Technology (Mercury Lamp, and UV LED), Type (Spot Cure, Flood Cure, and Focused Beam), Pressure (High, Medium, and Low), Application, End-User Industry, and Geography - Global Forecast to 2023", the UV curing system market was valued at USD 3.28 Billion in 2018 and is expected to reach USD 5.45 Billion by 2023, at a CAGR of 10.66% between 2018 and 2023. The UV curing system market has huge potential in end-user industries such as medical, consumer electronics, automotive and transportation, and industrial and machinery. Major factors driving the UV curing system market are environmental awareness and stringent regulation; and quick curing and better performance compared to traditional curing systems.

The UV curing ecosystem comprises companies such as

 

  • Dymax (US)
  • Nordson (US)
  • Baldwin Technology (US)
  • Heraeus (Germany)
  • Phoseon (US)
  • Honle (Germany)
  • Panasonic Corporation of North America (US)
  • Delo (Germany)
  • IST METZ (US)
  • American Ultraviolet (US)
  • Omron (Japan)
  • Excelitas (US)
  • Uvitron (US)
  • Atlantic Zeiser (Germany)
  • Benford UV (Shire county)
  • GEW (EC) (England)
  • Hanovia (UK)
  • Miltec UV (US)
  • Thorlabs (US)
  • Hoya (Japan)

 

Mercury lamp held largest share of UV curing system market in 2017

Mercury-based UV lamps have been extensively adopted for industrial and printing applications, owing to the technology advancement and reduction in manufacturing time compared to traditional curing method. Furthermore, increasing government efforts, especially in the US and European countries, to implement environment-friendly curing technologies are encouraging industries to adopt UV curing systems.

UV curing system market for bonding and assembling application held the largest share of the UV curing system market in 2017

UV curing systems in bonding and assembling application is used to bond or stick materials such as glass, plastic, and metals in industries such as semiconductor and consumer electronics. The demand for UV curing systems for bonding and assembling is increasing because of its fast, flexible, and environment-friendly curing method. The growing demand for semiconductor devices and the increasing sales of mobile and consumer electronic devices are expected to fuel the demand for UV curing systems in bonding and assembling application

Medical industry held larger share in the UV curing system market between 2018 and 2023

Medical device manufacturers across the globe are using UV curing technologies in their manufacturing process owing to its benefits such as reduction in friction between medical electronic devices, uniform adhesion and surface coverage, and coating homogeneity. These characteristics make UV curing system an ideal solution for the medical industry.

Currently, North America leads the UV curing system market in terms of market share

North America is the largest market for UV curing technologies owing to the presence of key UV curing system manufacturers such as Dymax, Phoeseon, and Baldwin Technology. Stringent regulatory framework by agencies such as Environment Protection Agency (EPA) and American Industrial Hygiene Association (AIHA) is playing a key role in the monitoring and commercialization of UV curing technology.



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