UV Curing System Market

UV Curing System Market with Covid-19 Impact Analysis by Technology (UV LED, Mercury Lamp), Type (Spot Cure, Flood and Focused Beam, Conveyor), Pressure Type (High, Medium, Low), Application, Vertical and Geography - Global Forecast to 2026

Report Code: SE 6157 Nov, 2021, by marketsandmarkets.com

[216 Pages Report] The UV curing system market is projected to reach USD 8.6 billion by 2026 from USD 3.6 billion in 2021; it is expected to grow at a CAGR of 18.6% from 2021 to 2026.

The growth of the UV curing system market in North America is mainly driven by large-scale funded programs by the government. Moreover, the high adoption rate and technological advancements also drive the growth of the UV curing system market in North America. The North American region is the largest market as the region is home to major players in the market such as Dymax (US), Phoseon (US), and Baldwin Technology (US). Stringent regulatory framework by agencies such as EPA (Environment Protection Agency) and the American Industrial Hygiene Association (AIHA) is playing a key role in the monitoring and commercialization of UV curing technology. The large share enjoyed by the region is due to the vast presence of various large—scale automotive and medical machinery manufacturers. The outbreak of the novel coronavirus is expected to affect the UV curing system market, but steady recovery is expected by 2022. The expansion of the market is due to the rising demand from the semiconductor & electronics industry as well as from the medical sector.  Developing countries in APAC have a vast growth potential as well as a favorable environment for product manufacturers. Therefore, the UV curing system market in APAC is expected to grow at the highest rate during the forecast period.

Growing inclination toward eco-friendly products, along with stringent regulations regarding use of green products would further fuel the adoption of UV curing systems in APAC. Furthermore, greater benefits of UV Curing systems than traditional curing systems and rising demand of UV LEDs across industries are also favoring the growth of the UV curing system market in the region. High-growth prospects of UV curing technology in new applications and preference for UV technologies for print label and packaging due to COVID-19  are the major opportunities for the UV curing system market. On the other hand, factors such as the lack of awareness and high cost of UV curable coatings and limited depth of curing are restraining the growth of the UV curing system market. Risks related to hazardous effects of mercury present in UV mercury lamps, slowdown in production of manufacturing industries due to COVID-19 and cracking defects on UV curable coating products are few challenges that the manufacturers are facing.

The prominent players operating in the UV curing system market Baldwin Technology (US), Dymax (US), Nordson (US), Excelitas Technologies (US), Heraeus (Germany), Phoseon Technology (US), Hφnle (Germany), DELO (Germany), IST Metz (Germany), American Ultraviolet (US), Hanovia (US), Omron Corporation (Japan), Uvitron (US), Atlantic Zeiser (Germany), Benford UV (US), Miltec UV (US), Thorlabs (US), UVEXS Incorporated (US), GEW (EC) Limited (UK), APL Machinery Pvt. Ltd. (India), Kyocera Corporation (Japan), Senlian (China), Panasonic (Japan), DoctorUV (US), Shenzhen Naimeite (China), and Jenton International (UK).

UV Curing System Market

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Impact of Covid-19 on UV curing system market

The outbreak of the COVID-19 pandemic led to the closure or partial shutdown of factories, warehouses, businesses, and institutes globally. This was complemented by implementing other lockdown measures, which included strict social distancing norms, restricted travel, and limited entry to public spaces, restaurants, theme parks, cinema halls, and malls. Globally, most industries witnessed disruptions in supply chain operations and logistics-related services.

Limited consumer and corporate spending, lockdown measures, and supply chain disruptions impacted the growth of the UV curing system market. The market is seeing a decline due to the closure of multiple SMEs, logistic disruptions, lockdowns, and other problems due to the Covid-19 pandemic. The pandemic has compelled governments worldwide to shift their focus and spending to the health care sector. The demand from end-users also declined significantly during 2020.

To date, the Asia Pacific and North America continue to be the most impacted regions due to the resurgence of COVID-19 cases from time to time. This has left most businesses witnessing a lower-than-normal footfall of consumers, thus affecting revenues. As a result, the demand for UV curing systems has also stayed low. This has impacted the growth of the UV curing system market in all the regions, especially the Asia Pacific and North America. However, the demand in the Asia Pacific is expected to bounce back with high demand due to its safety, eco-friendly nature, and fast curing for applications in medical and industrial equipment, leading to a high growth rate in the region during the forecast period.

The spread of COVID—19 in North America has led to severe fatalities and the loss of lives and livelihood in the region. The countries in the region faced serious disruptions in automotive, transportation, retail, agriculture, and construction sectors leading to complete or partial shutting down of manufacturing units except for essential commodities. The UV curing market too has been affected by the pandemic, which has resulted in significant losses for the market. The major end-use vertical of UV curing technology are from automotive, electronics, and medical all of them have been severely impacted by the pandemic.

In the APAC region, the automotive industry, which was facing a serious crisis in the pre-COVID period faced the wrath of the pandemic along with the allied industries such as auto ancillary and electronics. The pandemic resulted in the temporary closure of the majority of manufacturing and assembling plants, which is directly related to the UV curing market. The impact of COVID—19 on automotive and allied industries could stay for a medium to long term in the APAC region due to disruptions in the supply chain, negative sentiments in the market regarding China, along with the escalation of the US-China trade war and liquidity crunch in the region. The electronics industry, which is a major contributor to the region’s economy owing to the developments made by countries such as South Korea, Japan, Vietnam, Taiwan, and India could see a minor setback for a short to medium term. However, the rising adoption of remote working and demand for high—tech medical machinery to update the existing medical sector could result in the development of manufacturing units for medical machinery.

Market Dynamics:

Driver: Growing inclination toward eco-friendly products, along with stringent regulations regarding the use of green products

In traditional heat-based and air-drying curing techniques, solvents evaporated. As a result, the emission of substantial quantities of carbon dioxide or greenhouse gases resulted in environmental pollutants, thereby impacting the environment and the ozone layer. Volatile organic compounds (VOCs) are usually formaldehyde and organic solvents. Most 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 VOCs during coating or drying applications is highly undesirable as these VOCs can cause headaches and dizziness.

In recent years, formulators and manufacturers of coatings have been 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 can be suitable owing to its advantages such as little-to-no VOCs, low odor, nontoxicity, no skin irritation, and safer production.

A new regulatory environment was witnessed is US federal legislation as the Frank R. Lautenberg Chemical Safety Act (CSA) went into effect in June 2016. The new law amended the Toxic Substances Control Act (TSCA) with many changes that include risk-based assessments, public transparency, and cost structure for funding activities under the new law. Phoseon Technology pioneered the use of LED technology for UV light curing in industrial applications. It offered equipment manufacturers a high-performance curing technology that saves significant energy while eliminating greenhouse gases and dangerous mercury and ozone from the UV curing process. These UV LED products offer significant environmental improvements to current mercury-based products. UV LED technology helps in saving energy, preventing pollution, and reducing wastes.

Restraint: Limited depth of curing

UV curing technology is limited to opaque parts and leaves adhesives on surfaces owing to oxygen inhibition. While curing in the presence of air, free radicals can react with oxygen before initiating polymerization, which leads to incomplete curing and a sticky surface. UV curing systems also have the issue of a high degree of shrinkage, thereby making it difficult to cure deep sections and shadowy areas.

A second cure operation in a heat-curing oven is possible to overcome shadows. However, there are many electronic component assemblies, especially in industries such as automotive, agriculture, consumer electronics, and construction, that cannot be exposed to secondary cure. The secondary operation slows down the production assembly process and consumes more energy than that of traditional curing systems.

The UV curing process mostly uses multiple UV wavelengths (such as UVA, UVB, UVC, and UVV), depending on the process requirement. Each of these wavelengths penetrates at different levels in the material: UVV can penetrate to the deepest layer of the material with a wavelength ranging from 395 to 455 nm, penetrating depths of UVC ranges from 200 to 280 nm, UVB can penetrate ranging from 280 to 320 nm, and penetrating the depth of UVA ranges from 320 to 395 nm. Each range is suitable for specific applications, depending on the requirement. For example, UVC is applicable for top cure applications (optical and automotive lenses). The lack of UVC penetration may cause a hard coating application to fail.

Opportunity: Increasing applications of UV curing system

Currently, coating, bonding, and printing are the most prominent applications of UV curing systems. Industries such as printing, healthcare, and automotive are the major users of UV curing systems. According to the American Coatings Association, UV LED curing is used most for graphics applications, particularly digital inkjet printing, screen printing, sheetfed offset printing, and flexo printing. These applications are growing as a conventional press can be retrofitted quickly with little downtime or training while allowing flexibility to run or not run UV LED. Sheetfed commercial printing technology is dominated by UV LED for many reasons, but mainly for productivity, print quality improvements, and energy reduction.

Dry sheets of consistent quality are prepared instantly without powder, odor, or protective coatings and with brilliant, vibrant colors on any paper. In addition, spot, gloss, and strikethrough coatings are all possible with offset ‘on demand’ production. UV LED curing is also used in optical fiber coating, electronics, and some wood coating and gel nail applications. Most of the UV LED development for coatings has been in the graphics market and fiber optics, wood filler coatings, and coatings for electronic assemblies.

Challenge: Risks related to hazardous effects of mercury present in UV mercury lamps

The major concern of using UV mercury lamps is their explosion due to high-pressure gas. The explosion not only affects the user by causing severe or prolonged damage but also contaminates the mercury. UV curing systems produce light radiation from UV through visible light, which can cause injury to users if they work unprotected, even for a few minutes. The system requires proper ventilation. The lack of ventilation and surfaces exposed to high-intensity curing lights can increase the temperature, causing severe burns to the user.

UV irradiation generated from the air and airborne substances can lead to the generation of toxic compounds that can be harmful to human tissues. The user may not realize the danger until the exposure has caused damage. In a few instances, exposure to toxic gases is more dangerous than exposure to UV radiation.

All the above-mentioned challenges can be overcome by making users aware of the potential hazards of using UV equipment by providing proper training and safe working instructions. The installation of lamps with the proper polarity of electrical wiring, replacement of old lamps, and ventilation of room for 20–30 minutes before operating can reduce the risk of exposure to UV.

In technology, the UV LEDs segment is expected to grow at the highest rate of the UV curing system market

UV LED technology is expected to dominate the UV curing system market during the forecast period due to the increase in demand for energy-efficient LEDs and enhanced user experience. UV LEDs have a longer life span than mercury lamps and are environmentally friendly. Apart from these, UV LEDs do not use mercury, which harms health and causes life-threatening diseases. North America is expected to be the largest market for UV LED during the forecast period. This is due to its features such as instantaneous switching on and off, fast and uniform drying and curing, low heat emission, and low power consumption. North America adapts and changes quickly with the latest technologies and needs. The increased demand for UV LED is due to the increase in awareness of green energy and its minimal power consumption.

The bonding & assembling application segment, of UV curing system market is projected to hold a larger share during the forecast period

The bonding & assembling segment accounted for the largest share of the UV curing system market in 2020, whereas the printing segment is expected to grow at the highest CAGR during the forecast period. UV LED is used for printing purposes. Benefits of using UV LED in printing are faster drying, eco-friendly, material versatility, color enhancement, and high-quality finishing. UV curing uses light instead of heat when drying. It takes only a couple of seconds to harden adhesives, inks, or coatings that have been used. This is much better than the traditional and outdated printing methods as the older technology made coatings shrink by more than half, so they weren't too kind to the environment either. The UV LED segment is expected to grow at a higher CAGR during the forecast period. This high growth can be attributed to increased awareness of energy consumption and green energy. UV LED uses 50-70% less energy than mercury lamps.

UV Curing System Market by Region

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The UV curing system market in APAC is projected to have the highest CARG during the forecast period (2021-2026)

The UV curing system market in APAC comprises China, Japan, South Korea, India, and the Rest of APAC, which primarily includes Australia, Taiwan, Thailand, Indonesia, Singapore, Malaysia, the Philippines, and New Zealand. It is expected to be the fastest-growing market for UV curing system during the forecast period. China is expected to be the largest market for UV curing systems and is also expected to witness the highest CAGR during the forecast period. The use of UV-curable adhesives in the packaging sector is growing at a tremendous rate in the country, owing to their advantages over the usage of conventional adhesive systems used. The demand from industries, like consumer goods, food and beverage, and others for packing materials is increasing in China, owing to the increasing exports, as well as domestic consumption. China accounted for the largest share of 40% of the UV curing system market in APAC in 2020 due to the increased manufacturing activities and exports of UV curing systems from the country.  Countries such as China, Japan, India, and South Korea are major contributors to the growth of the UV curing system market in APAC. China and Japan are considered early adopters of UV technology in the electronics manufacturing industry. The growth prospective of the UV curing system market in APAC is promising with a steady growth rate in the near future. The COVID-19 pandemic has affected the market in APAC. However, a steady recovery in 2021 is expected, with significant chances of market expansion. The growing demand and implementation of policies that include emission control and eco-friendly products have led to innovations and developments in the UV curing industry.

Key Players of UV curing system Market:

Baldwin Technology (US), Dymax (US), Nordson (US), Excelitas Technologies (US), Heraeus (Germany), Phoseon Technology (US), Hφnle (Germany), DELO (Germany), IST Metz (Germany), American Ultraviolet (US), Hanovia (US), Omron Corporation (Japan), Uvitron (US), Atlantic Zeiser (Germany), Benford UV (US), Miltec UV (US), Thorlabs (US), UVEXS Incorporated (US), GEW (EC) Limited (UK), APL Machinery Pvt. Ltd. (India), Kyocera Corporation (Japan), Senlian (China), Panasonic (Japan), DoctorUV (US), Shenzhen Naimeite (China), and Jenton International (UK).

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Scope of the Report

Report Metric

Details

Market Size Available for Years

2016–2026

Base Year Considered

2020

Forecast Period

2021–2026

Forecast Units

Value (USD Million )

Segments Covered

Technology, Pressure Type, Type, Vertical, Application, Region

Geographies Covered

Asia Pacific, North America, Europe, Middle East, Africa, and South America

Companies Covered

Baldwin Technology (US), Dymax (US), Nordson (US), Excelitas Technologies (US), Heraeus (Germany), Phoseon Technology (US), Hφnle (Germany), DELO (Germany), IST Metz (Germany), American Ultraviolet (US), Hanovia (US), Omron Corporation (Japan), Uvitron (US), Atlantic Zeiser (Germany), Benford UV (US), Miltec UV (US), Thorlabs (US), UVEXS Incorporated (US), GEW (EC) Limited (UK), APL Machinery Pvt. Ltd. (India), Kyocera Corporation (Japan), Senlian (China), Panasonic (Japan), DoctorUV (US), Shenzhen Naimeite (China), and Jenton International (UK).

In this report, the UV curing system market has been segmented into the following categories:

By Technology:

  • UV LEDS
  • Mercury Lamps

By Type:

  • Spot Cure
  • Flood & Focused Beam
  • Conveyor

By Pressure Type:

  • High
  • Medium
  • Low

By Application:

  • Printing
  • Bonding & Assembling
  • Coating & Finishing
  • Others

By Vertical:

  • Life Science & Medical
  • Consumer Electronics
  • Industrial & Machinery
  • Semiconductor
  • Automotive
  • Aerospace & Defesnse
  • Marine
  • Energy
  • Construction
  • Others

By Region

  • North America
  • Europe
  • APAC
  • RoW

Recent Developments

  • In January 2021, Dymax added a new channel partner, Electronic Assembly Products, Ltd. (EAP, Ltd.), to its extensive North American distribution network.
  • In May 2020, Heraeus Noblelight partnered with Heidelberger Druckmaschinen for UV LED curing solutions used in sheetfed offset printing machines.
  • In April 2020, IST Metz GmbH and Virobuster (Germany) joined forces against COVID-19. The Steritube systems from Virobuster feature the unique, patented UVPE technology (Ultraviolet Pathogenic Elimination) for air disinfection. They are used for the deactivation of micro-organisms harmful to humans, the environment, and food. As an official partner, IST Metz is now distributing the products together with Virobuster.
  • In November 2019, Dymax introduced the BlueWave AX-550 LED flood curing system, a high-intensity unit used for curing light-curable materials to increase productivity and efficiency. It is integrated into a larger system, such as an automated manufacturing system or a stand-alone benchtop curing station.
  • In April 2019, Heraeus Noblelight introduced the new generation of its Semray UV4103. It stands out with more power and lighter weight, which enables higher production speed, saves energy, and enhances productivity.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 31)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INCLUSIONS & EXCLUSIONS
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 UV CURING SYSTEM MARKET SEGMENTATION
           1.3.2 GEOGRAPHIC ANALYSIS
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 LIMITATIONS
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA
           FIGURE 2 UV CURING SYSTEM MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
                    2.1.1.2 Key secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 UV Curing System Market: Key players in primary processes across value chain
                    2.1.2.3 Breakdown of primary interviews
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION
           FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1, SUPPLY-SIDE
           FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2, SUPPLY-SIDE
           FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3, DEMAND-SIDE
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for capturing market size by bottom-up analysis
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market size by top-down analysis
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.3 MARKET SHARE ESTIMATION
    2.4 MARKET BREAKDOWN AND DATA TRIANGULATION
           FIGURE 8 DATA TRIANGULATION
    2.5 RISK ASSESSMENT
           TABLE 1 RISK FACTOR ANALYSIS
    2.6 RESEARCH ASSUMPTIONS AND LIMITATIONS
           2.6.1 ASSUMPTIONS
           2.6.2 LIMITATIONS

3 EXECUTIVE SUMMARY (Page No. - 48)
           FIGURE 9 SCENARIO-BASED IMPACT OF COVID-19 ON UV CURING SYSTEM MARKET
           TABLE 2 IMPACT OF COVID-19 ON UV CURING SYSTEM MARKET,   2017–2026 (USD BILLION)
    3.1 SCENARIO ANALYSIS
           3.1.1 REALISTIC SCENARIO (POST-COVID-19)
           3.1.2 PESSIMISTIC SCENARIO (POST-COVID-19)
           3.1.3 OPTIMISTIC SCENARIO (POST-COVID-19)
                    FIGURE 10 UV LEDS SEGMENT TO REGISTER LARGER MARKET SHARE, 2021-2026
                    FIGURE 11 LIFE SCIENCE & MEDICAL SEGMENT TO HOLD LARGEST MARKET SHARE, 2021-2026
                    FIGURE 12 LOW PRESSURE SEGMENT TO REGISTER HIGHEST CAGR, 2021-2026
                    FIGURE 13 COATING & FINISHING SEGMENT TO LEAD UV CURING SYSTEM MARKET FROM 2021 TO 2026
                    FIGURE 14 ASIA PACIFIC TO REGISTER HIGHEST CAGR, 2021-2026

4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 GROWTH OPPORTUNITIES IN UV CURING SYSTEM MARKET
           FIGURE 15 INCREASE IN CONSUMER ELECTRONICS TO SUPPORT MARKET GROWTH
    4.2 UV CURING SYSTEM MARKET BY TYPE
           FIGURE 16 SPOT CURE SEGMENT TO HAVE LARGEST MARKET SHARE, 2021-2026
    4.3 UV CURING SYSTEM MARKET IN ASIA PACIFIC, BY TECHNOLOGY AND COUNTRY
           FIGURE 17 MERCURY LAMP TECHNOLOGY AND CHINA TO ACCOUNT FOR LARGEST SHARE IN ASIA PACIFIC BY 2026
    4.4 UV CURING SYSTEM MARKET, BY COUNTRY
           FIGURE 18 CHINA TO RECORD HIGHEST CAGR, 2021 TO 2026

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 19 UV CURING SYSTEM MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Growing inclination toward eco-friendly products and stringent regulations regarding the use of green products
                    5.2.1.2 Benefits of UV curing systems than traditional curing systems
                    5.2.1.3 Rising demand for UV LEDs across industries due to COVID-19
           FIGURE 20 UV CURING SYSTEM MARKET DRIVERS: IMPACT ANALYSIS
           5.2.2 RESTRAINTS
                    5.2.2.1 Limited depth of curing
                    5.2.2.2 Lack of awareness and high cost of UV coatings
                               FIGURE 21 UV CURING SYSTEM MARKET RESTRAINTS: IMPACT ANALYSIS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increasing applications of UV curing system
                    5.2.3.2 Preference for UV technologies for print labeling and packaging due to COVID-19
                               FIGURE 22 UV CURING SYSTEM MARKET OPPORTUNITIES: IMPACT ANALYSIS
           5.2.4 CHALLENGES
                    5.2.4.1 Risks related to hazardous effects of mercury present in UV mercury lamps
                    5.2.4.2 Slowdown in production of manufacturing industries due to   COVID-19
                    5.2.4.3 Cracking defects on UV curable coating products
                               FIGURE 23 UV CURING SYSTEM MARKET CHALLENGES: IMPACT ANALYSIS
    5.3 VALUE CHAIN ANALYSIS
           FIGURE 24 VALUE CHAIN ANALYSIS: UV CURING SYSTEM MARKET
    5.4 REVENUE SHIFT AND NEW REVENUE POCKETS FOR UV CURING SYSTEM MARKET PLAYERS
           FIGURE 25 REVENUE SHIFT IN THE UV CURING SYSTEM MARKET
    5.5 MARKET MAP/MARKET ECOSYSTEM
           TABLE 3 UV CURING SYSTEM MARKET: ECOSYSTEM
           FIGURE 26 KEY PLAYERS IN UV CURING SYSTEM MARKET
    5.6 KEY TECHNOLOGY TRENDS
           5.6.1 UV LED TECHNOLOGY IN UV CURING
    5.7 TECHNOLOGY ANALYSIS
           5.7.1 STEREOSCOPIC VISION AND TIME OF FLIGHT (TOF) TECHNOLOGY
                    TABLE 4 COMPARISON OF MERCURY LAMP AND UV LED TECHNOLOGY
    5.8 PRICE TREND ANALYSIS
           FIGURE 27 AVERAGE SELLING PRICE (ASP) TREND FOR UV CURING SPOT CURE LAMP AND UV CURING FLOOD CURE LAMP
    5.9 CASE STUDY ANALYSIS
           5.9.1 UV CURING SYSTEM FOR NASAL SWABS
                    TABLE 5 DYMAX UVCS LIGHT-CURING CONVEYOR SYSTEMS HELPED TO INCREASE   THE PRODUCTION OF NASAL SWABS
           5.9.2 UV CURING SYSTEM FOR CAMERA MODULES
                    TABLE 6 CASE STUDY ON USING ULTRAVIOLET CURE TO SECURE A CAMERA MODULE HOLDER TO A PCB
           5.9.3 UV CURING SYSTEM FOR INDUSTRY
                    TABLE 7 IMPROVING WPG’S KOMORI LS829P WITH UV CURING
           5.9.4 UV CURING SYSTEM FOR POLYJET
                    TABLE 8 IMPROVING PRINTING CYCLES AND ACCURACY WITH UV CURING SYSTEM
    5.10 PATENT ANALYSIS
           TABLE 9 UV CURING SYSTEM BY HENKEL AG AND CO KGAA
           TABLE 10 UV CURING TYPE INK JET PRINTING INK COMPOSITION
           TABLE 11 UV CURING SYSTEM BY HENKEL AG AND CO KGAA
           5.10.1 DOCUMENT TYPE
                    TABLE 12 PATENTS FILED
                    FIGURE 28 PATENTS: APPLICATIONS VS. GRANTED, 2011-2020
           5.10.2 PUBLICATION TREND
                    FIGURE 29 PATENTS FILED FROM 2011 TO 2020
           5.10.3 JURISDICTION ANALYSIS
                    FIGURE 30 JURISDICTION ANALYSIS
           5.10.4 TOP PATENT OWNERS
                    FIGURE 31 TOP 10 COMPANIES WITH PUBLISHED PATENT APPLICATIONS, 2011-2020
                    TABLE 13 TOP 20 PUBLISHED PATENT OWNERS IN THE LAST 10 YEARS
    5.11 TRADE ANALYSIS
           FIGURE 32 COUNTRY-WISE EXPORT DATA FOR PRODUCTS CLASSIFIED UNDER HS CODE: 8539, 2016–2020
           TABLE 14 EXPORT SCENARIO FOR HS CODE: 8539-COMPLIANT PRODUCTS,   BY COUNTRY, 2016–2020 (USD THOUSAND)
           FIGURE 33 COUNTRY-WISE IMPORT DATA FOR PRODUCTS CLASSIFIED UNDER HS CODE: 8539, 2016–2020
           TABLE 15 IMPORT SCENARIO FOR HS CODE: 8481-COMPLIANT PRODUCTS,   BY COUNTRY, 2016–2020 (USD THOUSAND)
    5.12 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 34 PORTER’S FIVE FORCES ANALYSIS
           TABLE 16 PORTER’S FIVE FORCES ANALYSIS WITH THEIR IMPACT
           5.12.1 THREAT OF NEW ENTRANTS
           5.12.2 THREAT OF SUBSTITUTES
           5.12.3 BARGAINING POWER OF SUPPLIERS
           5.12.4 BARGAINING POWER OF BUYERS
           5.12.5 DEGREE OF COMPETITIVE RIVALRY
    5.13 REGULATORY LANDSCAPE
           TABLE 17 REGULATIONS: UV CURING SYSTEM

6 UV CURING SYSTEM MARKET, BY TECHNOLOGY (Page No. - 78)
    6.1 INTRODUCTION
           FIGURE 35 UV LED IS EXPECTED TO GROW AT A HIGHER CAGR DURING THE FORECAST PERIOD
           TABLE 18 UV CURING SYSTEM MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
           TABLE 19 UV CURING SYSTEM MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
    6.2 MERCURY LAMPS
           6.2.1 INCREASING INDUSTRIAL DEVELOPMENT AND STRINGENT GOVERNMENT REGULATIONS DRIVE THIS SEGMENT
                    TABLE 20 MERCURY LAMPS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 21 MERCURY LAMPS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                    TABLE 22 MERCURY LAMPS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 23 MERCURY LAMPS MARKET, BY REGION, 2021–2026 (USD MILLION)
    6.3 UV LEDS
           6.3.1 NORTH AMERICA EXPECTED TO BE LARGEST MARKET FOR UV LEDS DURING FORECAST PERIOD
                    TABLE 24 UV LEDS MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
                    TABLE 25 UV LEDS MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
                    TABLE 26 UV LEDS MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 27 UV LEDS MARKET, BY REGION, 2021–2026 (USD MILLION)

7 UV CURING SYSTEM MARKET, BY TYPE (Page No. - 84)
    7.1 INTRODUCTION
           FIGURE 36 SPOT CURE SYSTEM EXPECTED TO LEAD UV CURING SYSTEM MARKET DURING FORECAST PERIOD
           TABLE 28 UV CURING SYSTEM MARKET, BY TYPE, 2017–2020 (USD MILLION)
           TABLE 29 UV CURING SYSTEM MARKET, BY TYPE, 2021–2026 (USD MILLION)
           TABLE 30 UV CURING SYSTEM MARKET, BY TYPE, 2017–2020 (THOUSAND UNITS)
           TABLE 31 UV CURING SYSTEM MARKET, BY TYPE, 2021–2026 (THOUSAND UNITS)
    7.2 SPOT CURE
           7.2.1 SPOT CURE TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
                    TABLE 32 SPOT CURE UV CURING SYSTEM MARKET, BY REGION,   2017–2020 (USD MILLION)
                    TABLE 33 SPOT CURE UV CURING SYSTEM MARKET, BY REGION,   2021–2026 (USD MILLION)
    7.3 FLOOD CURE & FOCUSED BEAM
           7.3.1 FLOOD CURE & FOCUSED BEAM TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 34 FLOOD CURE & FOCUSED BEAM UV CURING SYSTEM MARKET, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 35 FLOOD CURE & FOCUSED BEAM UV CURING SYSTEM MARKET, BY REGION, 2021–2026 (USD MILLION)
    7.4 CONVEYOR
           7.4.1 ADOPTION OF CONVEYOR SYSTEMS SPURRED BY CONSISTENT, FAST & SAFE CURING OF ADHESIVES
                    TABLE 36 CONVEYOR UV CURING SYSTEM MARKET, BY REGION,   2017–2020 (USD MILLION)
                    TABLE 37 CONVEYOR UV CURING SYSTEM MARKET, BY REGION,   2021–2026 (USD MILLION)

8 UV CURING SYSTEM MARKET, BY PRESSURE TYPE (Page No. - 90)
    8.1 INTRODUCTION
           FIGURE 37 HIGH-PRESSURE SEGMENT EXPECTED TO DOMINATE UV CURING SYSTEM MARKET DURING FORECAST PERIOD
           TABLE 38 UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
           TABLE 39 UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
    8.2 HIGH
           8.2.1 LONGER LIFESPAN OF HIGH-PRESSURE SYSTEMS INCREASES THEIR ADOPTION
                    TABLE 40 HIGH-PRESSURE UV CURING SYSTEM MARKET, BY REGION,   2017–2020 (USD MILLION)
                    TABLE 41 HIGH-PRESSURE UV CURING SYSTEM MARKET, BY REGION,   2021–2026 (USD MILLION)
                    TABLE 42 HIGH-PRESSURE UV CURING SYSTEM MARKET IN NORTH AMERICA,   BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 43 HIGH-PRESSURE UV CURING SYSTEM MARKET IN NORTH AMERICA,   BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 44 HIGH-PRESSURE UV CURING SYSTEM MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 45 HIGH-PRESSURE UV CURING SYSTEM MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 46 HIGH-PRESSURE UV CURING SYSTEM MARKET IN APAC, BY COUNTRY,   2017–2020 (USD MILLION)
                    TABLE 47 HIGH-PRESSURE UV CURING SYSTEM MARKET IN APAC, BY COUNTRY,   2021–2026 (USD MILLION)
                    TABLE 48 HIGH-PRESSURE UV CURING SYSTEM MARKET IN ROW, BY REGION,   2017–2020 (USD MILLION)
                    TABLE 49 HIGH-PRESSURE UV CURING SYSTEM MARKET IN ROW, BY REGION,   2021–2026 (USD MILLION)
    8.3 MEDIUM
           8.3.1 HIGH DEMAND FOR MEDIUM-PRESSURE LAMPS ACROSS INDUSTRIES BOOST MARKET GROWTH
                    TABLE 50 MEDIUM PRESSURE UV CURING SYSTEM MARKET, BY REGION,   2017–2020 (USD MILLION)
                    TABLE 51 MEDIUM PRESSURE UV CURING SYSTEM MARKET, BY REGION,   2021–2026 (USD MILLION)
                    TABLE 52 MEDIUM PRESSURE UV CURING SYSTEM MARKET IN NORTH AMERICA,   BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 53 MEDIUM PRESSURE UV CURING SYSTEM MARKET IN NORTH AMERICA,   BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 54 MEDIUM PRESSURE UV CURING SYSTEM MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 55 MEDIUM PRESSURE UV CURING SYSTEM MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 56 MEDIUM PRESSURE UV CURING SYSTEM MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 57 MEDIUM PRESSURE UV CURING SYSTEM MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 58 MEDIUM PRESSURE UV CURING SYSTEM MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
                    TABLE 59 MEDIUM PRESSURE UV CURING SYSTEM MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
    8.4 LOW
           8.4.1 NORTH AMERICA EXPECTED TO BE FASTEST-GROWING MARKET FOR UV CURING SYSTEMS DURING FORECAST PERIOD
                    TABLE 60 LOW-PRESSURE UV CURING SYSTEM MARKET, BY TYPE, BY REGION,   2017–2020 (USD MILLION)
                    TABLE 61 LOW-PRESSURE UV CURING SYSTEM MARKET, BY REGION,   2021–2026 (USD MILLION)
                    TABLE 62 LOW-PRESSURE UV CURING SYSTEM MARKET IN NORTH AMERICA,   BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 63 LOW-PRESSURE UV CURING SYSTEM MARKET IN NORTH AMERICA,   BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 64 LOW-PRESSURE UV CURING SYSTEM MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
                    TABLE 65 LOW-PRESSURE UV CURING SYSTEM MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
                    TABLE 66 LOW-PRESSURE UV CURING SYSTEM MARKET IN APAC, BY COUNTRY,   2017–2020 (USD MILLION)
                    TABLE 67 LOW-PRESSURE UV CURING SYSTEM MARKET IN APAC, BY COUNTRY,   2021–2026 (USD MILLION)
                    TABLE 68 LOW-PRESSURE UV CURING SYSTEM MARKET IN ROW, BY REGION,   2017–2020 (USD MILLION)
                    TABLE 69 LOW-PRESSURE UV CURING SYSTEM MARKET IN ROW, BY REGION,   2021–2026 (USD MILLION)

9 UV CURING SYSTEM MARKET, BY APPLICATION (Page No. - 103)
    9.1 INTRODUCTION
           FIGURE 38 COATING & FINISHING SEGMENT EXPECTED TO DOMINATE UV CURING SYSTEM MARKET DURING FORECAST PERIOD
           TABLE 70 UV CURING SYSTEM MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
           TABLE 71 UV CURING SYSTEM MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
    9.2 PRINTING
           9.2.1 MARKET FOR PRINTING EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                    TABLE 72 UV CURING SYSTEM MARKET FOR PRINTING, BY TECHNOLOGY,   2017–2020 (USD MILLION)
                    TABLE 73 UV CURING SYSTEM MARKET FOR PRINTING, BY TECHNOLOGY,   2021–2026 (USD MILLION)
    9.3 BONDING & ASSEMBLING
           9.3.1 UV CURING FOR BONDING IS HIGHLY EFFECTIVE ON GLASS DUE TO ITS HIGH TRANSPARENCY AND EXCEPTIONAL STABILITY
                    TABLE 74 UV CURING SYSTEM MARKET FOR BONDING & ASSEMBLING,   BY TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 75 UV CURING SYSTEM MARKET FOR BONDING & ASSEMBLING,   BY TECHNOLOGY, 2021–2026 (USD MILLION)
    9.4 COATING & FINISHING
           9.4.1 UV COATINGS AND FINISHES OFFER INCREASED HARDNESS AND SOLVENT RESISTANCE, HIGH-QUALITY FINAL PRODUCT
                    TABLE 76 UV CURING SYSTEM MARKET FOR COATING & FINISHING, BY TECHNOLOGY, 2017–2020 (USD MILLION)
                    TABLE 77 UV CURING SYSTEM MARKET FOR COATING & FINISHING, BY TECHNOLOGY, 2021–2026 (USD MILLION)
    9.5 OTHERS
           TABLE 78 UV CURING SYSTEM MARKET FOR OTHER APPLICATIONS, BY TECHNOLOGY, 2017–2020 (USD MILLION)
           TABLE 79 UV CURING SYSTEM MARKET FOR OTHER APPLICATIONS, BY TECHNOLOGY, 2021–2026 (USD MILLION)

10 UV CURING SYSTEM MARKET, BY VERTICAL (Page No. - 109)
     10.1 INTRODUCTION
             FIGURE 39 LIFE SCIENCE & MEDICAL SEGMENT EXPECTED TO DOMINATE UV CURING SYSTEM MARKET DURING FORECAST PERIOD
             TABLE 80 UV CURING SYSTEM MARKET, BY VERTICAL, 2017–2020 (USD MILLION)
             TABLE 81 UV CURING SYSTEM MARKET, BY VERTICAL, 2021–2026 (USD MILLION)
     10.2 LIFE SCIENCE & MEDICAL
             10.2.1 ADOPTION OF UV CURING SYSTEMS IN THIS SEGMENT HAS INCREASED OWING TO THEIR PROPERTIES
                        FIGURE 40 APPLICATION OF UV CURING SYSTEM IN LIFE SCIENCE AND MEDICAL VERTICAL
             10.2.2 MAKING/DECORATING
             10.2.3 BONDING/ASSEMBLY
             10.2.4 COATINGS
             10.2.5 UV EQUIPMENT
                        TABLE 82 UV CURING SYSTEM MARKET FOR LIFE SCIENCE & MEDICAL, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 83 UV CURING SYSTEM MARKET FOR LIFE SCIENCE & MEDICAL, BY REGION, 2021–2026 (USD MILLION)
     10.3 CONSUMER ELECTRONICS
             10.3.1 MULTIPLE APPLICATIONS OF UV CURING SYSTEMS IN CONSUMER ELECTRONICS TO DRIVE THIS SEGMENT
                        FIGURE 41 UV CURING SYSTEM MARKET FOR CONSUMER ELECTRONICS, BY REGION
                        TABLE 84 UV CURING SYSTEM MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 85 UV CURING SYSTEM MARKET FOR CONSUMER ELECTRONICS, BY REGION, 2021–2026 (USD MILLION)
     10.4 INDUSTRIAL & MACHINERY
             10.4.1 LEADING COMPANIES ARE USING UV CURING SYSTEMS FOR MANUFACTURING PURPOSES
                        TABLE 86 UV CURING SYSTEM MARKET FOR INDUSTRIAL & MACHINERY, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 87 UV CURING SYSTEM MARKET FOR INDUSTRIAL & MACHINERY, BY REGION, 2021–2026 (USD MILLION)
     10.5 SEMICONDUCTOR
             10.5.1 HIGH SPEED AND OPTIMUM RESULTS INCREASED THE ADOPTION RATE OF UV CURING SYSTEMS IN SEMICONDUCTORS
                        FIGURE 42 UV CURING SYSTEM MARKET FOR SEMICONDUCTORS, BY REGION
                        TABLE 88 UV CURING SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION,   2017–2020 (USD MILLION)
                        TABLE 89 UV CURING SYSTEM MARKET FOR SEMICONDUCTOR, BY REGION,   2021–2026 (USD MILLION)
     10.6 AUTOMOTIVE APPLICATIONS OF UV CURING SYSTEMS
             10.6.1 UV CURING’S FUNCTIONAL AND AESTHETIC APPLICATIONS INCREASE THEIR ADOPTION IN AUTOMOTIVE VERTICAL
                        TABLE 90 UV CURING SYSTEM MARKET FOR AUTOMOTIVE, BY REGION,   2017–2020 (USD MILLION)
                        TABLE 91 UV CURING SYSTEM MARKET FOR AUTOMOTIVE, BY REGION,   2021–2026 (USD MILLION)
     10.7 AEROSPACE & DEFENSE
             10.7.1 UV CURING HELPS MANUFACTURERS IMPROVE IMAGING SENSORS USED FOR GROUND PROXIMITY, AIRCRAFT HEALTH MANAGEMENT, SURVEILLANCE, MISSILE GUIDANCE SYSTEMS, AND PROTECT PCB ASSEMBLIES FROM HARSH CONDITIONS
                        TABLE 92 UV CURING SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2017–2020 (USD MILLION)
                        TABLE 93 UV CURING SYSTEM MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2021–2026 (USD MILLION)
     10.8 MARINE
             10.8.1 UV CURING SYSTEMS OFFER STRONG BONDING SOLUTIONS AGAINST HARSH ENVIRONMENTAL CONDITIONS, ALONG WITH FLEXIBILITY TO COMBAT VIBRATIONS
                        FIGURE 43 UV CURING SYSTEM MARKET FOR MARINE, BY REGION
                        TABLE 94 UV CURING SYSTEM MARKET FOR MARINE, BY REGION,   2017–2020 (USD MILLION)
                        TABLE 95 UV CURING SYSTEM MARKET FOR MARINE, BY REGION,   2021–2026 (USD MILLION)
     10.9 ENERGY
             10.9.1 UV CURING TECHNOLOGIES ARE EXTENSIVELY USED TO COAT OIL AND GAS PIPELINES IN THIS SEGMENT
                        TABLE 96 UV CURING SYSTEM MARKET FOR ENERGY, BY REGION,   2021–2026 (USD MILLION)
     10.10 CONSTRUCTION
             10.10.1 UV CURING PROTECTS AND SEALS BUILDINGS FROM EXTREME ENVIRONMENTAL CONDITIONS
                        FIGURE 44 UV CURING SYSTEM MARKET FOR CONSTRUCTION, BY REGION
                        TABLE 97 UV CURING SYSTEM MARKET FOR CONSTRUCTION, BY REGION,   2017–2020 (USD MILLION)
                        TABLE 98 UV CURING SYSTEM MARKET FOR CONSTRUCTION, BY REGION,   2021–2026 (USD MILLION)
     10.11 OTHERS
             TABLE 99 UV CURING SYSTEM MARKET FOR OTHER VERTICALS, BY REGION,   2017–2020 (USD MILLION)
             TABLE 100 UV CURING SYSTEM MARKET FOR OTHER VERTICALS, BY REGION,   2021–2026 (USD MILLION)

11 GEOGRAPHIC ANALYSIS (Page No. - 126)
     11.1 INTRODUCTION
             FIGURE 45 UV CURING SYSTEM MARKET IN APAC TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
             TABLE 101 UV CURING SYSTEM MARKET, BY REGION, 2017–2020 (USD MILLION)
             TABLE 102 UV CURING SYSTEM MARKET, BY REGION, 2021–2026 (USD MILLION)
     11.2 NORTH AMERICA
             FIGURE 46 NORTH AMERICA UV CURING SYSTEM MARKET SNAPSHOT
             TABLE 103 NORTH AMERICA: UV CURING SYSTEM MARKET, BY COUNTRY,   2017–2020 (USD MILLION)
             TABLE 104 NORTH AMERICA: UV CURING SYSTEM MARKET, BY COUNTRY,   2021–2026 (USD MILLION)
             TABLE 105 NORTH AMERICA: UV CURING SYSTEM MARKET, BY TECHNOLOGY,   2017–2020 (USD MILLION)
             TABLE 106 NORTH AMERICA: UV CURING SYSTEM MARKET, BY TECHNOLOGY,   2021–2026 (USD MILLION)
             TABLE 107 NORTH AMERICA: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
             TABLE 108 NORTH AMERICA: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
             TABLE 109 NORTH AMERICA: UV CURING SYSTEM MARKET, BY TYPE,   2017–2020 (USD MILLION)
             TABLE 110 NORTH AMERICA: UV CURING SYSTEM MARKET, BY TYPE,   2021–2026 (USD MILLION)
             TABLE 111 NORTH AMERICA: UV CURING SYSTEM MARKET, BY VERTICAL,   2017–2020 (USD MILLION)
             TABLE 112 NORTH AMERICA: UV CURING SYSTEM MARKET, BY INDUSTRY,   2021–2026 (USD MILLION)
             11.2.1 US
                        11.2.1.1 US is the largest market in North America
                                     TABLE 113 US: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
                                     TABLE 114 US: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
             11.2.2 CANADA
                        11.2.2.1 Low-pressure UV curing system market in Canada expected to witness tremendous growth
                                     TABLE 115 CANADA: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
                                     TABLE 116 CANADA: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
             11.2.3 MEXICO
                        11.2.3.1 UV curing system market in Mexico is in the nascent stage
                                     TABLE 117 MEXICO: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
                                     TABLE 118 MEXICO: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
     11.3 EUROPE
             FIGURE 47 EUROPE UV CURING SYSTEM MARKET SNAPSHOT
             TABLE 119 EUROPE: UV CURING SYSTEM MARKET, BY COUNTRY,   2017–2020 (USD MILLION)
             TABLE 120 EUROPE: UV CURING SYSTEM MARKET, BY COUNTRY,   2021–2026 (USD MILLION)
             TABLE 121 EUROPE: UV CURING SYSTEM MARKET, BY TECHNOLOGY,   2017–2020 (USD MILLION)
             TABLE 122 EUROPE: UV CURING SYSTEM MARKET, BY TECHNOLOGY,   2021–2026 (USD MILLION)
             TABLE 123 EUROPE: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
             TABLE 124 EUROPE: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
             TABLE 125 EUROPE: UV CURING SYSTEM MARKET, BY TYPE, 2017–2020 (USD MILLION)
             TABLE 126 EUROPE: UV CURING SYSTEM MARKET, BY TYPE, 2021–2026 (USD MILLION)
             TABLE 127 EUROPE: UV CURING SYSTEM MARKET, BY VERTICAL,   2017–2020 (USD MILLION)
             TABLE 128 EUROPE: UV CURING SYSTEM MARKET, BY VERTICAL,   2021–2026 (USD MILLION)
             11.3.1 GERMANY
                        11.3.1.1 Presence of major manufacturers to boost demand for UV curing systems
                                     TABLE 129 GERMANY: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
                                     TABLE 130 GERMANY: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
             11.3.2 FRANCE
                        11.3.2.1 Environmental concerns and government mandates expected to boost adoption of UV curing technology
                                     TABLE 131 FRANCE: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
                                     TABLE 132 FRANCE: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
             11.3.3 UK
                        11.3.3.1 Growing construction sector likely to boost demand for UV curing technology in the UK
                                     TABLE 133 UK: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
                                     TABLE 134 UK: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
             11.3.4 ITALY
                        11.3.4.1 Adoption of UV curing system in medical equipment will boost the market in Italy
                                     TABLE 135 ITALY: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
                                     TABLE 136 ITALY: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
             11.3.5 REST OF EUROPE
                        TABLE 137 REST OF EUROPE: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
                        TABLE 138 REST OF EUROPE: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
     11.4 APAC
             FIGURE 48 ASIA PACIFIC UV CURING SYSTEM MARKET SNAPSHOT
             TABLE 139 APAC: UV CURING SYSTEM MARKET, BY COUNTRY,   2017–2020 (USD MILLION)
             TABLE 140 APAC: UV CURING SYSTEM MARKET, BY COUNTRY,   2021–2026 (USD MILLION)
             TABLE 141 APAC: UV CURING SYSTEM MARKET, BY TECHNOLOGY,   2017–2020 (USD MILLION)
             TABLE 142 APAC: UV CURING SYSTEM MARKET, BY TECHNOLOGY,   2021–2026 (USD MILLION)
             TABLE 143 APAC: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
             TABLE 144 APAC: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
             TABLE 145 APAC: UV CURING SYSTEM MARKET, BY TYPE, 2017–2020 (USD MILLION)
             TABLE 146 APAC: UV CURING SYSTEM MARKET, BY TYPE, 2021–2026 (USD MILLION)
             TABLE 147 APAC: UV CURING SYSTEM MARKET, BY VERTICAL,   2017–2020 (USD MILLION)
             TABLE 148 APAC: UV CURING SYSTEM MARKET, BY VERTICAL,   2021–2026 (USD MILLION)
             11.4.1 CHINA
                        11.4.1.1 Numerous projects requiring UV curing technology is increasing the demand of UV curing market in China
                                     TABLE 149 CHINA: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
                                     TABLE 150 CHINA: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
             11.4.2 JAPAN
                        11.4.2.1 Japan is the largest distributor of UV products in APAC
                                     TABLE 151 JAPAN: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
                                     TABLE 152 JAPAN: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
             11.4.3 INDIA
                        11.4.3.1 Use of UV curing system for wood and plastic coating is expected to boost the market in India
                                     TABLE 153 INDIA: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
                                     TABLE 154 INDIA: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
             11.4.4 SOUTH KOREA
                        11.4.4.1 Implementation of strict emission norms propel market growth in South Korea
                                     TABLE 155 SOUTH KOREA: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
                                     TABLE 156 SOUTH KOREA: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
             11.4.5 REST OF APAC
                        TABLE 157 REST OF APAC: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
                        TABLE 158 REST OF APAC: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
     11.5 ROW
             FIGURE 49 ROW: UV CURING SYSTEM MARKET, BY REGION
             TABLE 159 ROW: UV CURING SYSTEM MARKET, BY REGION, 2017–2020 (USD MILLION)
             TABLE 160 ROW: UV CURING SYSTEM MARKET, BY REGION, 2021–2026 (USD MILLION)
             TABLE 161 ROW: UV CURING SYSTEM MARKET, BY TECHNOLOGY,   2017–2020 (USD MILLION)
             TABLE 162 ROW: UV CURING SYSTEM MARKET, BY TECHNOLOGY,   2021–2026 (USD MILLION)
             TABLE 163 ROW: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
             TABLE 164 ROW: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
             TABLE 165 ROW: UV CURING SYSTEM MARKET, BY TYPE, 2017–2020 (USD MILLION)
             TABLE 166 ROW: UV CURING SYSTEM MARKET, BY TYPE, 2021–2026 (USD MILLION)
             TABLE 167 ROW: UV CURING SYSTEM MARKET, BY VERTICAL,   2017–2020 (USD MILLION)
             TABLE 168 ROW: UV CURING SYSTEM MARKET, BY VERTICAL,   2021–2026 (USD MILLION)
             11.5.1 SOUTH AMERICA
                        11.5.1.1 South America to hold larger share of UV curing system market in RoW
                                     TABLE 169 SOUTH AMERICA: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2017–2020 (USD MILLION)
                                     TABLE 170 SOUTH AMERICA: UV CURING SYSTEM MARKET, BY PRESSURE TYPE,   2021–2026 (USD MILLION)
             11.5.2 MIDDLE EAST & AFRICA
                        11.5.2.1 MEA is expected to witness high adoption of UV curing technology
                                     TABLE 171 MIDDLE EAST & AFRICA: UV CURING SYSTEM MARKET, BY PRESSURE TYPE, 2017–2020 (USD MILLION)
                                     TABLE 172 MIDDLE EAST & AFRICA: UV CURING SYSTEM MARKET, BY PRESSURE TYPE, 2021–2026 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 159)
     12.1 OVERVIEW
             FIGURE 50 KEY DEVELOPMENTS UNDERTAKEN BY LEADING PLAYERS IN THE UV CURING SYSTEM MARKET FROM 2018 TO 2021
     12.2 MARKET SHARE AND RANKING ANALYSIS
             FIGURE 51 UV CURING SYSTEM MARKET: MARKET SHARE ANALYSIS
             TABLE 173 UV CURING SYSTEM MARKET: DEGREE OF COMPETITION
             TABLE 174 UV CURING SYSTEM MARKET: RANKING ANALYSIS
     12.3 FIVE-YEAR COMPANY REVENUE ANALYSIS
             FIGURE 52 REVENUE ANALYSIS OF KEY COMPANIES IN LAST FIVE YEARS
     12.4 COMPANY EVALUATION QUADRANT, 2020
             FIGURE 53 UV CURING SYSTEM MARKET: COMPANY EVALUATION QUADRANT, 2020
             12.4.1 STAR
             12.4.2 PERVASIVE
             12.4.3 EMERGING LEADER
             12.4.4 PARTICIPANT
     12.5 COMPETITIVE BENCHMARKING
             TABLE 175 COMPANY FOOTPRINT (26 COMPANIES)
             TABLE 176 APPLICATION FOOTPRINT (26 COMPANIES)
             TABLE 177 REGIONAL FOOTPRINT (26 COMPANIES)
     12.6 STARTUP/SME EVALUATION QUADRANT, 2020
             FIGURE 54 UV CURING SYSTEM: STARTUP/SME EVALUATION QUADRANT, 2020
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 RESPONSIVE COMPANIES
             12.6.3 DYNAMIC COMPANIES
             12.6.4 STARTING BLOCKS
     12.7 COMPETITIVE SCENARIO AND TRENDS
             12.7.1 PRODUCT LAUNCHES
                        TABLE 178 UV CURING SYSTEM: NEW PRODUCT LAUNCHES, BY COMPANY,   MAY 2018–NOVEMBER 2021
             12.7.2 DEALS
                        TABLE 179 UV CURING SYSTEM: DEALS, BY COMPANY, APRIL 2020–JANUARY 2021

13 COMPANY PROFILES (Page No. - 173)
(Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 
     13.1 INTRODUCTION
     13.2 KEY PLAYERS
             13.2.1 DYMAX
                        TABLE 180 DYMAX: BUSINESS OVERVIEW
                        TABLE 181 DYMAX: PRODUCT LAUNCHES
                        TABLE 182 DYMAX: DEALS
             13.2.2 NORDSON
                        TABLE 183 NORDSON: BUSINESS OVERVIEW
                        FIGURE 55 NORDSON: COMPANY SNAPSHOT
                        TABLE 184 NORDSON: PRODUCT LAUNCHES
             13.2.3 HERAEUS
                        TABLE 185 HERAEUS: BUSINESS OVERVIEW
                        TABLE 186 HERAEUS: PRODUCT LAUNCHES
                        TABLE 187 HERAEUS: DEALS
                        TABLE 188 HERAEUS: OTHERS
             13.2.4 PHOSEON TECHNOLOGY
                        TABLE 189 PHOSEON TECHNOLOGY: BUSINESS OVERVIEW
                        TABLE 190 PHOSEON TECHNOLOGY: PRODUCT LAUNCHES
                        TABLE 191 PHOSEON TECHNOLOGY: DEALS
             13.2.5 IST METZ GMBH
                        TABLE 192 IST METZ GMBH: BUSINESS OVERVIEW
                        TABLE 193 IST METZ GMBH: DEALS
             13.2.6 BALDWIN TECHNOLOGY
                        TABLE 194 BALDWIN TECHNOLOGY: BUSINESS OVERVIEW
                        TABLE 195 BALDWIN TECHNOLOGY: DEALS
             13.2.7 AMERICAN ULTRAVIOLET
                        TABLE 196 AMERICAN ULTRAVIOLET: BUSINESS OVERVIEW
                        TABLE 197 AMERICAN ULTRAVIOLET: PRODUCT LAUNCHES
             13.2.8 HANOVIA
                        TABLE 198 HANOVIA: BUSINESS OVERVIEW
             13.2.9 EXCELITAS TECHNOLOGIES
                        TABLE 199 EXCELITAS TECHNOLOGIES: BUSINESS OVERVIEW
                        TABLE 200 EXCELITAS TECHNOLOGIES: PRODUCT LAUNCHES
                        TABLE 201 EXCELITAS TECHNOLOGIES: OTHERS
             13.2.10 HΦNLE
                        TABLE 202 HΦNLE: BUSINESS OVERVIEW
                        FIGURE 56 HΦNLE: COMPANY SNAPSHOT
                        TABLE 203 HΦNLE: PRODUCT LAUNCHES
                        TABLE 204 HΦNLE: DEALS
     13.3 OTHER KEY PLAYERS
             13.3.1 OMRON CORPORATION
             13.3.2 UVITRON
             13.3.3 ATLANTIC ZEISER
             13.3.4 BENFORD UV
             13.3.5 MILTEC UV
             13.3.6 THORLABS
             13.3.7 UVEXS INCORPORATED
             13.3.8 GEW (EC) LIMITED
             13.3.9 DELO
             13.3.10 APL MACHINERY PVT. LTD.
             13.3.11 KYOCERA CORPORATION
             13.3.12 SENLIAN
             13.3.13 PANASONIC
             13.3.14 DOCTORUV
             13.3.15 SHENZHEN NAIMEITE
             13.3.16 JENTON INTERNATIONAL
*Details on Business Overview, Products/solutions/services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 

14 APPENDIX (Page No. - 209)
     14.1 INSIGHTS OF INDUSTRY EXPERTS
     14.2 QUESTIONNAIRE FOR UV CURING SYSTEM MARKET
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

This study involves the usage of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for this technical, market-oriented, and commercial study of the UV curing system market. Primary sources include several industry experts from the core and related industries, along with preferred suppliers, manufacturers, distributors, service providers, and technology developers. In-depth interviews have been conducted with key industry participants, subject matter experts (SMEs), C-level executives of key companies operating in the UV curing system market, and industry consultants, among other experts, to obtain and verify qualitative and quantitative information, as well as to assess prospects. The following illustrative figure shows the market research methodology applied in making this report on the UV curing system market.

Secondary Research

In the secondary research, various secondary sources are used for identifying and collecting information relevant to this study on the UV curing system market. The secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications & articles by recognized authors, directories, and databases.

The global size of the UV curing system market is obtained from the secondary data made available through paid and unpaid sources. It is determined by analyzing the product portfolios of the leading companies and rating them based on the quality of their offerings.

Secondary research is used to gather key information about the supply chain, the monetary chain, the total number of key players, and market segmentation according to the industry trends to the bottom-most level, geographic markets, and key developments from both the market- and technology-oriented perspectives.  It identifies and analyzes the industry trends and key developments undertaken from market and technology perspectives.

Primary Research

In the primary research process, various primary sources were interviewed to obtain the qualitative and quantitative information related to the market across four main regions—Asia Pacific, North America, Europe, and RoW (the Middle East, Africa, and South America). Primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing directors, technology directors, and some other related key executives from major companies and organizations operating in the UV curing system market or related markets.

After completing market engineering, primary research was conducted to gather information and verify and validate critical numbers obtained from other sources. Primary research was conducted to identify various market segments, industry trends, key players, competitive landscape, market dynamics, and key strategies adopted by market players. Most of the primary interviews were conducted with the supply side of the market. This primary data was collected through questionnaires, emails, and telephonic interviews.

UV Curing System Market Size, and Share

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

Market Size Estimation

The top-down and bottom-up approaches have been used extensively in the market engineering process. Several data triangulation methods helped to forecast and estimate market segments and subsegments in the report. Multiple qualitative and quantitative analyses have been performed on the market engineering process to gain key insights throughout the report.

Secondary research has been used to identify the key players of the UV curing system market. The revenues of those key players are determined through primary and secondary research. The revenues are identified geographically and market segment-wise, using financial statements and analyzing annual reports of the key market players. Interviews with CEOs, VPs, directors, and marketing executives were conducted to gain insights into the key players and the UV curing system market. All the market shares are estimated using secondary and primary research. This data has been consolidated, supplemented with detailed inputs & analysis by experts at MarketsandMarkets, and presented in this report.

Data Triangulation

After arriving at the overall market size from the market size estimation process explained above, the total market has been then split into several segments and sub-segments. The data triangulation procedure has been employed to complete the market engineering process and arrive at the exact statistics for all segments and sub-segments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using both the top-down and bottom-up approaches.

Study Objectives

  • To describe and forecast the UV curing system market, in terms of value, segmented by technology, type, pressure type, application, vertical, and region
  • To estimate and forecast the market size, in terms of value, for various segments across four regions—North America, Europe, Asia Pacific, and Rest of the World (RoW)
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To analyze the emerging applications/use cases and standards in the UV curing system market
  • To analyze the manufacturers of UV curing systems, their strategies, and new production plans to understand the ecosystem/supply chain consisting of material & component suppliers and manufacturers
  • To strategically analyze micromarkets1 concerning individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape of the market
  • To analyze competitive developments in the UV curing system market, such as collaborations, partnerships, acquisitions, and product launches & developments
  • To strategically profile key players and comprehensively analyze their market share analysis & ranking core competencies2

Report Scope

The report covers the demand- and supply-side segmentation of the UV curing system market. The supply-side market segmentation includes the pressure type, technology, and type, whereas the demand-side market segmentation includes application, industry and region. The following figure represents an overview of the micromarkets covered in the report.

UV Curing System Market Size, and Share

The following are the years considered:

UV Curing System Market Size, and Share

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for this report:

Regional Analysis

  • Country-wise breakdown of the UV curing system market for North America, Europe, APAC, and RoW

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
COVID-19

Get in-depth analysis of the COVID-19 impact on the UV Curing System Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the UV Curing System Market

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Report Code
SE 6157
Published ON
Nov, 2021
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