New York, March 24, 2022 (GLOBE NEWSWIRE) — The Insight Partners has released the latest research study on “UV Curing Systems Market Forecast to 2028 – Impact of COVID-19 and Global Analysis – By Application (Bonding & Assembly, Sanitizing, Coating & Finishing & Printing) and End User (Automotive, Healthcare, Electronics & Others), Market Growth world of UV curing systems is guided by strict government regulations for the conventional coating process and UV bonding and bonding.
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|Market size Value in||US$2.81 billion in 2021|
|Market Size Value by||$5.15 billion by 2028|
|Rate of growth||CAGR of 9.0% from 2021 to 2028.|
|Forecast period||2021- 2028|
|Number of pages||136|
|Number of tables||56|
|Number of graphs and figures||74|
|Historical data available||Yes|
|Segments Covered||Application and end user|
|Regional scope||North America; Europe; Asia Pacific; Latin America; AEM|
|Country scope||United States, United Kingdom, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina|
|Report cover||Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends|
UV Curing Systems Market: Competitive Landscape and Key Developments
Phoseon Technology, Nordson, Heraeus, Dymax and IST Metz GmbH are some of the key players in the UV curing systems market. Several market players have been analyzed to gain a holistic view of the market and its ecosystem.
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In 2022, 2022, Heraeus Noblelight launched infrared and UV technology for future-proof coating solutions at PaintExpo in Karlsruhe in April
In 2021, Phoseon Technology announced a partnership with American Ultraviolet to advance LED curing in all UV curing markets.
Rising demand for UV LED curing system as compared to traditional lamp-based curing system is one of the major factors driving the growth of UV curing system market. Additionally, coatings and adhesives, when exposed to traditional curing systems, release volatile organic compounds, which affect worker health associated with the process and the environment. Therefore, in various countries, strict government regulations have been imposed regarding the emission of volatile organic compounds. The UV LED curing method reduces emissions of volatile compounds. Hence, the demand for UV curing systems using LEDs has increased across various verticals, driving the growth of the market. However, limited deep curing can act as a brake on the growth of the UV curing systems market.
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The outbreak of the COVID-19 pandemic has caused disruptions in various industries, such as automotive, manufacturing, and consumer electronics. Several government initiatives including travel restrictions and social distancing have resulted in the temporary closure of manufacturing units of production plants working with less capacity, which has negatively impacted the market for UV curing systems in the United States. first and second quarters of 2020. However, with the normalization of economic activities, high vaccination campaigns and a reduction in COVID-19 cases worldwide, factories restarted at full speed from the third quarter of 2020, thus reducing the impact of the COVID-19 pandemic.
Growing Adoption of UV Curing Solutions for 3D Printing to Fuel the Growth of UV Curing Systems Market Over the Forecast Period:
There is an increase in the use of 3D printing in today’s market. Many companies are increasingly using this technology to create a three-dimensional structure for rapid prototyping and additive manufacturing. The UV curing process is based on a photochemical reaction, using light instead of heat, which instantly dries and hardens the inks. Therefore, with the high adoption of 3D printing in the global market, the market for UV curing is concurrently growing and will continue to grow in the coming years. For example, RADTECH uses UV curing systems for the 3D printing process and additive manufacturing. Arkema Group uses 3D printing technology using UV curing method to provide customers with superior performance and faster curing material. Thus, the increasing adoption of UV curing technology in the 3D printing industry will support the growth of UV curing systems in the coming years.
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UV Curing Systems Market: Application Overview
Based on application, UV Curing Systems market is segmented into Bonding & Assembly, Sanitizing, Coating & Finishing, and Painting. The bonding and assembly segment dominated the market in 2020. Manufacturers of consumer electronics and wearable gadgets, such as smart watches containing flexible chips and sensors, are seeing new opportunities thanks to the Internet objects (IoT). Breakthroughs in device design and manufacturing technology are having a positive impact on PCB production worldwide. Thus, the increase in PCB production propels the demand for bonding and assembly processes from manufacturers.
Cycle through adjacent reports:
Ultraviolet Curing Coatings Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Resin Type (Epoxy, Polyester, Urethane, Other Resin Types); Application (automotive, printing ink metal, wood, aerospace, other applications) and geography
UV Curable Printing Inks Market Forecast to 2028 – Impact of Covid-19 and Global Analysis – by Curing Process (Arc Curing, LED Curing); Printing process (offset printing, flexographic printing, gravure printing, digital printing, others); Application (Packaging, Commercial and Publishing, Textile, Others) and Geography
Epoxy Toughening Agents Market Forecast to 2028 – Impact of Covid-19 and Global Analysis – By Type (Amines, Polyamides, Imidazoles, Polymercaptan, Anhydrides, Others); Application (adhesives, coatings, composites, electronics, others) and geography
Toughening Agents Market Forecast to 2028 – Impact of Covid-19 and Global Analysis – by Type (Epoxy, Polyurethane, Silicone Rubber, Others); Application (coatings, electrical and electronics, composites, adhesives, construction, wind energy, others) and geography
Scalant Market Forecast to 2028 – Impact of Covid-19 and Global Analysis – by Type (Unraw Type, Fast Curing Type, Slow Cooking Type); Application (Chemical Industry, Mechanical Industry, Building, Automotive, Electronics, Others) and Geography
Water-Based Curing Agents Market Forecast to 2028 – Impact of COVID-19 and Global Analysis by Type (Amine-Based, Anhydride-Based, Others); Application (Building & Construction, Automotive & Transportation, Electrical & Electronics, Others) and Geography
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