UV Curing System Market

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

Report Code: SE 6157 Jun, 2019, by marketsandmarkets.com

[151 Pages Report] The UV curing system market is estimated to grow from USD 3.7 billion in 2019 to USD 6.1 billion by 2024, at a CAGR of 10.3%. The growth of the UV curing system market is driven by factors such as an inclination toward environmentally friendly products, along with stringent regulations regarding use of green products; and high performance & increased speed of UV curing systems than that of traditional curing systems. 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 few significant factors that are expected to provide growth opportunities to players in the market.

UV Curing System Market

Mercury lamp technology to hold the largest share of UV curing system market during the forecast period

The UV curing system market for mercury lamps is expected to hold the 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.

“Inclination toward environmentally friendly products, along with stringent regulations regarding the use of green products to drive the growth of market”

In traditional heat-based and air-drying curing techniques, solvents were evaporated. As a result, environmental pollutants were generated due to the emission of substantial quantities of carbon dioxide or greenhouse gas, thereby impacting the environment and the ozone layer. VOCs are usually in the form of formaldehyde and organic solvents. Most of the VOCs include solvent-based formulations that evaporate into the atmosphere to contribute to the depletion of the ozone layer or the greenhouse effect. The generation of volatile organic compounds (VOCs) during coating or drying applications is highly undesirable because they can cause headaches and dizziness, along with some long-term effects, although uncertain, such as cancer.

In recent years, coating formulators and manufacturers are seeking an eco-friendly alternative having similar or better performance than the conventional solvent-borne systems owing to stringent government regulations and public awareness for environmental concerns. UV curing is the best solution to this. UV curable resins have many advantages, such as little-to-no VOCs, low odor, nontoxicity, no skin irritation, and safer production.

UV Curing System Market

“UV curing system market in RoW to grow at the highest rate during the forecast period.”

The UV curing system market in RoW is expected to grow at the highest during the forecast period. The Middle East accounted for a substantial share of the market in ROW. Increasing awareness about the benefits of UV curing technology is fueling the growth of the UV curing market in RoW.

North America is expected to hold the largest share of the overall 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. Stringent regulatory framework by agencies such as EPA (Environment Protection Agency) and the American Industrial Hygiene Association (AIHA) is playing a vital role in the monitoring and commercializing the UV curing technology.

Key Market Players

The market is dominated currently by 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). Product launches, expansions, acquisitions, agreements, and collaborations are among the major strategies adopted by these players to compete and grow in the UV curing system market.

Scope of the Report:

Report Metric

Details

Market size available for years

2016–2024

Base year

2018

Forecast period

2019–2024

Units

Value (USD)
Volume (Million)

Segments covered

Technology, Pressure Type, Type, Application, and End User

Geographic regions covered

North America, APAC, Europe, and RoW

Companies covered

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).

This report categorizes the UV curing system market based on technology, pressure type, type, application, end user, and region.

By Technology

  • Mercury Lamp
    • Microwave Lamp
    • Arc Lamp
  • UV LED

By Pressure Type:

  • High
  • Medium
  • Low

By Type:

  • Spot Cure
  • Flood Cure
  • Focused Beam

By Application:

  • Printing
  • Bonding & Assembling
  • Coating & Finishing
  • Disinfection
  • Others (Potting, Temporary Masking, And Sealing)

By End-User:

  • Aerospace & Defense
  • Automotive & Transportation
  • Construction & Architecture
  • Semiconductor
  • Energy
  • Industrial & Machinery
  • Marine
  • Medical
  • Consumer Electronics
  • Others (Agriculture And Filtration (Water & Air))

Geographic Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Netherlands
    • Rest of Europe
  • Asia Pacific (APAC)
    • China
    • Japan
    • India
    • South Korea
    • Rest of APAC
  • Rest of the World (RoW)
    • South America
    • Middle East & Africa

Major Market Developments

  • In January 2019, Phoseon (US) introduced the FireLine™ FL440 LED curing solution, which increases the UV power of the LED system by 80%.
  • In October 2018, Dymax (US) introduced the MX-Series multichannel controller under its curing equipment. The controller allows manufacturers to power up to four emitter workstations at once, independently or in any combination to provide flood and light bar pattern.
  • In May 2018, Heraeus Noblelight (Germany) introduced the ‘smart’ UV curing system to enable continuous real-time diagnostic and predictive maintenance. The new solution utilizes sensors and a Cloud-based “IoT” platform, reduces operating costs, decreases downtime, extends product life, and lowers cost of ownership.
  • In September 2017, Dymax (US) launched the BlueWave MX-250 LED flood-curing system. The system offers higher and more consistent curing intensities covering 50mm by 50 mm active curing area. The system also provides three different wavelengths LED emitters, such as 365, 385, and 405 nm with additional flexibility in size and pattern of the active curing area.
  • In June 2017, Heraeus (Germany) opened its production unit in Hanau, Germany. The production unit is designed based on the latest quality standard with class ISO 14644-1 / ISO class 4. The unit also has a professional manufacturing infrastructure and a chip-on-board (COB) line.

Key questions addressed by the report

  • Where will all these developments take UV curing systems in the mid- to long-term?
  • What are the upcoming technological trends in the UV curing system market?
  • What are the opportunities for various players that exist at present and those that are planning to enter at different stages of the value chain?
  • How growth strategies implemented by key players will impact the growth rate of the market, and who will have the undue advantage?
  • What are the current adoption trends of the market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    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 (Page No. - 20)
    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 (Page No. - 30)

4 Premium Insights (Page No. - 35)
    4.1 Attractive Opportunities in UV Curing System Market
    4.2 UV Curing System Market, By Type
    4.3 Market in APAC, By Application and Country
    4.4 Market, By Application
    4.5 Market, By Region
    4.6 Country-Wise Analysis of Market

5 Market Overview (Page No. - 39)
    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 (Page No. - 45)
    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 (Page No. - 52)
    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 (Page No. - 58)
    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 (Page No. - 64)
    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 (Page No. - 74)
     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
     10.1 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 (Page No. - 93)
     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 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 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 (Page No. - 109)
     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 (Page No. - 118)
     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 (Page No. - 145)
     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 (70 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 Market for Mercury Lamps, By Technology, 2016–2024 (USD Million)
Table 6 Market for Mercury Lamps, By Pressure Type, 2016–2024 (USD Million)
Table 7 Market for Microwave Lamps, By Pressure Type, 2016–2024 (USD Million)
Table 8 Market for ARC Lamps, By Pressure Type, 2016–2024 (USD Million)
Table 9 Market for UV LED Lamps, By Pressure Type, 2016–2024 (USD Million)
Table 10 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 Market, By Application, 2016–2024 (USD Million)
Table 27 Market, By Application, 2016–2024 (USD Million)
Table 28 Market for Printing, By Type, 2016–2024 (USD Million)
Table 29 Market for Printing, By End User, 2016–2024 (USD Million)
Table 30 Market for Bonding and Assembling, By Type, 2016–2024 (USD Million)
Table 31 Market for Bonding and Assembling, By End User, 2016–2024 (USD Million)
Table 32 Market for Coating and Finishing, By Type, 2016–2024 (USD Million)
Table 33 Market for Coating and Finishing, By End User, 2016–2024 (USD Million)
Table 34 Market for Disinfection, By Type, 2016–2024 (USD Million)
Table 35 Market for Disinfection, By End User, 2016–2024 (USD Million)
Table 36 Market for Other Applications, By Type, 2016–2024 (USD Million)
Table 37 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 Market for Aerospace and Defense, By Application, 2016–2024 (USD Million)
Table 40 Market for Aerospace and Defense, By Region, 2016–2024 (USD Million)
Table 41 Market for Automotive and Transportation, By Application, 2016–2024 (USD Million)
Table 42 Market for Automotive and Transportation, By Region, 2016–2024 (USD Million)
Table 43 Market for Construction and Architecture, By Application, 2016–2024 (USD Million)
Table 44 Market for Construction and Architecture, By Region, 2016–2024 (USD Million)
Table 45 Market for Semiconductor, By Application, 2016–2024 (USD Million)
Table 46 Market for Semiconductor, By Region, 2016–2024 (USD Million)
Table 47 Market for Energy, By Application, 2016–2024 (USD Million)
Table 48 Market for Energy, By Region, 2016–2024 (USD Million)
Table 49 Market for Industrial and Machinery, By Application, 2016–2024 (USD Million)
Table 50 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 Market for Marine, By Region, 2016–2024 (USD Million)
Table 53 Market for Medical, By Application, 2016–2024 (USD Million)
Table 54 Market for Medical, By Region, 2016–2024 (USD Million)
Table 55 Market for Consumer Electronics, By Application, 2016–2024 (USD Million)
Table 56 Market for Consumer Electronics, By Region, 2016–2024 (USD Million)
Table 57 Market for Other End Users, By Application, 2016–2024 (USD Million)
Table 58 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 Market in North America, By End User, 2016–2024 (USD Million)
Table 61 Market in North America, By Country, 2016–2024 (USD Million)
Table 62 Market in Europe, By End User, 2016–2024 (USD Million)
Table 63 Market in Europe, By Country, 2016–2024 (USD Million)
Table 64 Market in APAC, By End User, 2016–2024 (USD Million)
Table 65 Market in APAC, By Country, 2016–2024 (USD Million)
Table 66 Market in RoW, By End User, 2016–2024 (USD Million)
Table 67 Market in RoW, By Country, 2016–2024 (USD Million)
Table 68 Top 10 Recent Product Launches in Market
Table 69 Most Recent Acquisitions and Expansions in the Market
Table 70 Most Recent Agreements and Collaborations in the Market


List of Figures (38 Figures)

Figure 1 UV Curing System Market: Research Design
Figure 2 Process Flow
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Mercury Lamp Technology-Based, High-Pressure, and UV Spot Curing Systems to Hold Significantly Large Market Share By 2024
Figure 7 Printing and Other Applications to Witness Comparatively Higher CAGR in Market During Forecast Period
Figure 8 Medical Sector to Hold Largest Size of UV Curing System Market By 2024
Figure 9 RoW Likely to Be Fastest-Growing Region in Market During Forecast Period
Figure 10 High Speed and High Performance Features Boost Demand for Market
Figure 11 UV Spot Curing Systems to Hold Largest Market Share During Forecast Period
Figure 12 Consumer Electronics Industry and China Expected to Account for Largest Market Share in APAC in 2019
Figure 13 Bonding and Assembling Application to Hold Largest Share of Market Throughout Forecast Period
Figure 14 UV Curing System Market in RoW Expected to Grow at Highest CAGR During Forecast Period
Figure 15 US Expected to Account for Largest Share of Market in 2019
Figure 16 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Value Chain Analysis: Major Value is Added By Raw Material Suppliers and System Manufacturers
Figure 18 Process Comparison of UV Cure and Thermal Cure
Figure 19 Market for Mercury Lamps to Hold Larger Share During Forecast Period
Figure 20 Architecture of Microwave-Powered UV Curing System
Figure 21 Architecture of ARC Lamp
Figure 22 Medium-Pressure UV Curing System Market to Grow at Highest CAGR During Forecast Period
Figure 23 Types of UV Curing Systems
Figure 24 UV Flood Curing Systems to Grow at Highest CAGR During Forecast Period
Figure 25 Market for Printing Application to Grow at Highest CAGR During Forecast Period
Figure 26 Construction and Architecture Segment to Witness Highest CAGR in Market During Forecast Period
Figure 27 UV Curing System Market: Geographic Analysis
Figure 28 Market Snapshot: North America
Figure 29 Market Snapshot: Europe
Figure 30 Market Snapshot: APAC
Figure 31 UV Curing System Market Snapshot: RoW
Figure 32 Companies Adopted Both Organic and Inorganic Growth Strategies in Market From January 2017 to February 2019
Figure 33 Top 5 Players in the Market, 2018
Figure 34 Market (Global) Competitive Leadership Mapping, 2018
Figure 35 Market Evaluation Framework
Figure 36 Nordson: Company Snapshot
Figure 37 Honle: Company Snapshot
Figure 38 Panasonic Corporation of North America: Company Snapshot

The study involved four major activities in estimating the current size of the UV curing system market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation methods were used to estimate the market size of segments and subsegments.

Secondary Research

The research methodology used to estimate and forecast the UV curing system market begins with capturing data on revenues of key vendors in the market through secondary research. This study incorporates the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for the technical, market-oriented, and commercial study of the market. Vendor offerings have also been considered to determine the market segmentation. This entire research methodology includes the study of annual and financial reports of top players, presentations, press releases, journals, paid databases, trade directories, regulatory bodies, and safety standard organizations.

Primary Research

The UV curing system market comprises several stakeholders, such as vendors of UV curing system; research and development (R&D) organizations; technology, service, and solution providers; intellectual property (IP) core and licensing providers; solutions providers, and system integrators in the supply chain. The supply side is characterized by advancements in UV curing systems, their end users, and their growing number of applications. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.

UV Curing System Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the UV curing system market. These methods have also been used extensively to estimate the size of various market subsegments. The research methodology used to estimate the market size includes:

  • Key players in major end-user segments and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the estimation processes as explained above—the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the areas of the UV curing system.

Research Objective

  • To describe and forecast the overall UV curing system market by technology, type, pressure type, end-user, application, and geography in terms of value.
  • To forecast the market size for various segments with regard to four main regions: North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To analyze opportunities in the market for stakeholders and the details of the competitive landscape for leaders in the market
  • To provide the value chain analysis pertaining to the UV curing system market
  • To strategically analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze opportunities in the overall market for stakeholders by identifying the high-growth segments
  • To profile key players and comprehensively analyze their market position in terms of ranking and core competencies2 and provide details of the competitive landscape for the UV curing system market leaders
  • To analyze competitive developments such as product launches, acquisitions, expansions, agreements, and collaborations in the overall market

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (Up to 5)

Critical Questions

  • What are new end-user areas being explored by the UV curing system solution providers?
  • Which are the key players in the market, and how intense is the competition?
Report Code
SE 6157
Published ON
Jun, 2019
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