Dublin, Sept. 17, 2019 (GLOBE NEWSWIRE) -- The "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 has been added to ResearchAndMarkets.com's offering.

  • Illustrative segmentation, analysis, and forecast for the market based on technology, pressure type, type, application, end-user, and geography have been conducted to offer an overall view of the UV curing system market.
  • Major drivers, restraints, opportunities, and challenges of the UV curing system market have been detailed in the report.
  • Opportunities in the market have been defined for stakeholders, along with the details of the competitive landscape for market leaders.
  • Strategic profiling of key players in the UV curing system market has been included in the study, and the players have been ranked, along with their core competencies comprehensively analyzed.
  • The study also covers the competitive leadership mapping for 25 players in the UV curing system market.

The market for UV curing systems was valued at USD 3,263.4 million in 2018, an increase of 19.3% over USD 2,736 million in 2017. The UV curing system market is projected to be worth USD 6,095.8 million by 2024; it is expected to grow at a CAGR of 10.3% during the forecast period.

Factors such as 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 expected to generate opportunities for players in the UV curing system market.

Players in the market include 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).

The inclination toward environmentally friendly products, along with stringent regulations regarding the use of green products and high performance & increased speed of UV curing systems than that of traditional ones are among major driving factors for UV curing system market

This growth can be attributed to the inclination toward environmentally friendly products, along with stringent regulations regarding the use of green products and high performance & increased speed of UV curing systems than that of traditional curing systems. Factors restraining the growth of the UV curing system market are the limited depth of cure.

Mercury lamp to hold the larger market share during the forecast period in UV curing system market

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

UV flood curing system to grow at the highest share during the forecast period in UV curing system market

The market for UV flood curing systems is expected to grow at the highest CAGR during the forecast period. A UV flood curing system is designed to cure a large area or multiple assemblies at the same time, making it an ideal system for applications such as curing adhesives, sealants, and coatings.

Bonding & assembling application to hold the largest share of UV curing system market during the forecast period

The bonding & assembling application is expected to hold the largest share of the global UV curing system market during the forecast period. UV curing systems in the bonding & assembling application are used to bond or stick materials, such as glass, plastic, and metals which are required typically in industries, such as semiconductor and consumer electronics. The demand for UV curing systems for bonding & assembling is increasing because of their fast, flexible, and eco-friendly curing methods.

North America to be the largest shareholder, whereas RoW to register the highest CAGR during the forecast period

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

Reasons to Buy This Report

The report would help leaders/new entrants in the UV curing system market in the following ways:

  1. This report segments the UV curing system market comprehensively and provides the closest market size estimations for segments across regions.
  2. The report will help stakeholders understand the pulse of the market and provide them information on key drivers, restraints, challenges, and opportunities governing market growth.
  3. This report will help stakeholders understand their competitors better and gain insights to improve their position in the business. The competitive landscape section includes the competitor ecosystem, and growth strategies such as product launches, acquisitions, expansions, agreements, and collaborations.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in UV Curing System Market
4.2 UV Curing System Market, By Type
4.3 UV Curing System Market in APAC, By Application and Country
4.4 UV Curing System Market, By Application
4.5 UV Curing System Market, By Region
4.6 Country-Wise Analysis of UV Curing System Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Inclination Toward Environmentally Friendly Products, Along With Stringent Regulations Regarding Use of Green Products High Performance and Increased Speed of UV Curing Systems Than That of Traditional Curing Systems
5.2.2 Restraint Limited Depth of Curing
5.2.3 Opportunities High-Growth Prospects of UV Curing Technology in New Applications High Acceptance of UV Curing With Rapid Development of Bio-Based Products and Resins
5.2.4 Challenges Risks Related to Hazardous Effects of Mercury Present in UV Mercury Lamps
5.3 Value Chain Analysis

6 UV Curing System Market, By Technology
6.1 Introduction
6.2 Mercury Lamps
6.2.1 Microwave Lamps No Requirement of Restriking Operation Drives the Demand
6.2.2 ARC Lamps 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
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
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
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
10.1 Introduction
10.2 Aerospace and Defense
10.2.1 Weapon Coating Reduced Drying Time and Cost of Curing and Drying Weapons Generated Demand
10.2.2 Aircraft High Demand for Reducing Paint Process Flow Time in Aircraft Drive Market Growth
10.3 Automotive and Transportation
10.3.1 Decorating Interior Vehicle Assemblies Faster Throughput and Less Downtime Makes UV Curing System Highly Suitable
10.3.2 Radios, Music Systems, and Navigation Consoles Growing Need for Coating and Finishing in Automotive Boosts Demand
10.3.3 Wire Harnesses and Cables 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 High Demand for Printing Inks in Automotive and Transportation Boost the Market
10.3.5 Coatings for Mirrors, Headlights, Tail Lights, Reflectors, and Lenses 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 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 Strong Bonding to Most Substrates Makes UV Curing Ideal for Construction Projects
10.5 Semiconductor
10.5.1 Wafer Processing UV Curing Solutions Largely Used for Wafer Processing in Semiconductor Industry
10.5.2 Printed Circuit Boards UV Curing Systems Used in Bonding and Coating Processes of Printed Circuit Boards
10.5.3 Electronics Assembly 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) 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) UV Curing System for Coating Machinery is Gaining High Importance in Industrial Sector
10.7.2 Equipment (Print Label and Packaging) UV Curing Technologies are Preferred for Print Label and Packaging
10.8 Marine
10.8.1 Water Lines UV Curing System Offers Strong Bonding Solution Against Harsh Environmental Conditions
10.8.2 Barges UV Curing Systems are Used for Barges Painting and Drying
10.8.3 Canal Boats UV Curing is an Ideal Solution to Insulate and Prevent Corrosion in Canal Boats
10.8.4 Yachts 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) Capability to Dispense Adhesive Consistently in Less Time Boost the Demand
10.9.2 Medical Electronics Assembly 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) UV Curing Technologies Provide Shiny and Smooth Surface to Plastic Parts of Electronics
10.10.2 Displays of Electronic Devices UV Curing is Deployed Before Assembling Displays of Electronics Devices
10.11 Others (Agriculture and Filtration (Air and Water))

11 Geographic Analysis
11.1 Introduction
11.2 North America
11.2.1 US US Expected to Account for Largest Share of UV Curing System Market in North America Throughout the Forecast Period
11.2.2 Canada Canadian UV Curing System Market is Likely to Grow at Significant CAGR During Forecast Period
11.2.3 Mexico Mexico to Witness Highest CAGR in North American UV Curing System Market
11.3 Europe
11.3.1 Germany Deployment in Diverse Industries and Presence of Major Manufacturers to Boost Demand for UV Curing Systems
11.3.2 France Government Mandates to Follow Safety Standards Drive Adoption of UV Curing Systems in Country
11.3.3 UK High Demand From Transportation Sector Drives Market Growth in UK
11.3.4 Netherlands Growing Industrialization in Country Drives Market Growth
11.3.5 Rest of Europe
11.4 APAC
11.4.1 China Growing Manufacturing Industry in China Boosts Demand for UV Curing Systems
11.4.2 Japan Increasing R&D Activities of Associations in Japan Drive Market Growth
11.4.3 South Korea Growing Electronics Industry and Rising Implementation of Strict Emission Norms Propel Market Growth in South Korea
11.4.4 India 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 Less Awareness Regarding UV Curing Technology Hinders Market Growth
11.5.2 Middle East & Africa High Adoption of UV Curing Systems Boosts Market Growth in Regions

12 Competitive Landscape
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
13.1 Introduction
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

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