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.
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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), Hönle (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).
Top 2 Players in UV curing system Market:
Heraeus is a technology group focusing on precious and special metals, medical technology, quartz glass, sensors, and specialty light sources. The company offers UV curing systems through its subsidiary, Heraeus Noblelight.
Heraeus Noblelight is a key player in designing and manufacturing xenon & krypton arcs and flash lamps. It offers its services to including steel, electronics, chemicals, automotive, and telecommunications industries. The company has more than 100 subsidiaries in 38 countries, including Germany, China, the US, and the UK.
Nordson offers precision dispensing, fluid management, and related technologies. Its microwave-powered ultraviolet (UV) curing systems offer durable and cost-effective performance for curing liquids, powders, coatings, adhesives, and sealants. Such UV curing systems deliver application flexibility with a range of precisely focused and flood reflector geometries in wood, plastic, glass, and other heat-sensitive substrates. The company offers products and systems in dispensing, applying & controlling adhesives, industrial coatings, sealants, paints, polymers, and biomaterials. It offers products for aerospace, agriculture, lawn, garden, appliance, automotive and transportation, chemicals, construction and architecture, defense, medical, electrical, electronics and semiconductor, and energy. It has manufacturing sites in the US, Belgium, Germany, India, Netherlands, Thailand, the UK, and China.
Nordson conducts business through 2 divisions: advanced technology solutions and industrial precision systems. UV curing systems with several applications related to coating and drying using UV LED is offered by the industrial coating systems segment.
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
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