UV Curing System Market

Dymax (US) and Nordson (US) are Top Two Players in the UV Curing System Market

The UV curing system market is expected to grow from USD 3.7 billion in 2019 to USD 6.1 billion by 2024, at a CAGR of 10.3%. The market is driven mainly 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.

The UV curing system market is highly competitive, with the presence of numerous big and small players. The market is dominated by companies in North America, followed by those in Europe and APAC. As of 2018, the UV curing system market was dominated by Dymax (US), Nordson (US), Baldwin Technology (US), Heraeus (Germany), and Phoseon (US). While the big players dominate the market through their brand image, small players offer low-cost components and generate pricing pressure in the market. As of 2018, other UV curing system players were Panasonic (Japan), Excelitas (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).

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Players in the UV curing system market have adopted the strategies of product launches, acquisitions, expansions, agreements, and collaborations to increase their geographic reach, enhance and diversify their product portfolio, cater to the unmet and growing needs of customers, expand sales and distribution networks, reduce manufacturing costs, increase market share, and strengthen their position in the global market.

Top 2 players in the UV curing system market:

Dymax (US) was founded in 1980 and was formerly known as American Chemical and Engineering Company, changing its name to Dymax Corporation in 1986. The company manufactures ultraviolet/visible light curing adhesives, light curing systems, and dispensing equipment for manufacturers in the aerospace, appliance, automotive, display, electronics, glass, industrial, medical device, metal finishing, optical, orthopedic, packaging, plastics, speaker, and structural markets. The company has stayed ahead of VOC regulations that demand adhesive manufacturers to eliminate solvents. It has additional facilities in Germany, China, Hong Kong, South Korea, and Singapore, among others.

Nordson (US) was established in 1954 and is headquartered at Ohio, US. It offers precision dispensing, fluid management, and related technologies. The company provides products and systems used in applications, such as dispensing; applying and controlling adhesives; industrial coatings; sealants; paints; polymers; and biomaterials. The company offers products for industries, such as aerospace, agriculture, lawn, garden, appliance, automotive and transportation, chemicals, construction and architectural, defense, medical, electrical, electronics – semiconductor, and energy. The company has its manufacturing sites in the US, Belgium, Germany, India, the Netherlands, Thailand, the UK, and China.

Related Reports:

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

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Report Code
SE 6157
RI Published ON
6/28/2019
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