CHICAGO, November 24, 2021 / PRNewswire / – According to the new research report, the “Market for UV curing systems 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 until 2026 “, published by MarketsandMarkets â¢, the market for UV curing systems is expected to reach $ 8.6 billion by 2026 from $ 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 systems market in North America is primarily driven by large-scale government funded programs. Moreover, the high adoption rate and technological advancements are also driving the growth of UV Curing Systems market by North America. The North American region is the largest market as the region is home to major market players such as Dymax (US), Phoseon (US), and Baldwin Technology (US). The strict regulatory framework of agencies such as the EPA (Environment Protection Agency) and the American Industrial Hygiene Association (AIHA) play a key role in the oversight and commercialization of UV curing technology. The significant share enjoyed by the region is due to the massive presence of various large-scale automotive and medical machinery manufacturers. The novel coronavirus outbreak is expected to affect the UV curing systems market, but a steady recovery is expected by 2022. The market expansion is driven by increasing demand from the semiconductor industry and the electronics as well as the medical sector. Developing APAC countries have vast potential for growth as well as an enabling environment for product manufacturers. Hence, the APAC UV Curing Systems market is expected to grow at the highest rate during the forecast period.
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The growing inclination towards environmentally friendly products, as well as strict regulations.
regarding the use of green products would further fuel the uptake of UV curing systems in APAC. In addition, the greater advantages of UV curing systems over traditional curing systems and the growing demand for UV LEDs in all industries are also driving the growth of the UV curing systems market in the region. The strong growth prospects of UV curing technology in new applications and the preference for UV technologies for label and packaging printing due to COVID-19 are major opportunities for the curing systems market UV. On the other hand, factors like lack of awareness and high cost of UV curable coatings and limited depth of cure are restraining the growth of UV curing systems market. Risks related to the dangerous effects of mercury present in UV mercury lamps, production slowdown in manufacturing industries due to COVID-19 and cracking defects on UV curable coating products are some challenges that manufacturers are facing. faced.
In technology, the UV LED segment is expected to grow at the fastest rate in the UV curing systems market.
UV LED technology is expected to dominate the UV curing system market during the forecast period owing to increasing demand for energy efficient LEDs and improving user experience. UV LEDs have a longer lifespan than mercury lamps and are environmentally friendly. Other than that, UV LEDs do not use mercury, which is harmful to health and causes fatal diseases. North America is expected to be the largest market for UV LEDs during the forecast period. This is due to its features such as instant on and off, fast and uniform drying and curing, low heat emission and low power consumption. North America adapts and evolves rapidly with the latest technologies and needs. The increased demand for UV LEDs is due to the growing awareness of green energy and its minimal power consumption.
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The bonding and assembly applications segment of the UV Curing Systems market is expected to hold a larger share during the forecast period.
The bonding and assembly segment accounted for the largest share of the UV curing systems market in 2020, while the printing segment is expected to grow at the highest CAGR during the forecast period. UV LED is used for printing purposes. The advantages of using UV LEDs in printing are faster drying, environmental friendliness, material versatility, color enhancement and a high quality finish. UV curing uses light instead of heat during drying. It only takes a few seconds to cure any adhesives, inks or coatings that have been used. It’s much better than traditional and outdated printing methods, as the old technology shrunk coatings by more than half, so they weren’t too environmentally friendly either. The UV LED segment is expected to grow at a higher CAGR during the forecast period. This strong growth can be attributed to an increased awareness of energy consumption and green energy. UV LEDs consume 50 to 70% less energy than mercury lamps.
The APAC UV Curing Systems Market is expected to have the highest CARG during the forecast period (2021-2026).
The APAC UV Curing Systems market includes China, Japan, South Korea, India, and the rest of the APAC, which mainly includes Australia, Taiwan, Thailand, Indonesia, Singapore, Malaysia, The Philippines, and New Zealand. It is expected to be the fastest growing UV Curing System market during the forecast period. China is expected to be the largest market for UV curing systems and is also expected to experience the highest CAGR during the forecast period. The use of UV curable adhesives in the packaging industry is growing at a tremendous rate in the country, due to their advantages over the use of conventional adhesive systems used. The demand from industries, such as consumer goods, food and beverages, and others for packaging materials is increasing in China, due to increased exports, as well as domestic consumption. China accounted for the largest 40% share of the APAC UV curing systems market in 2020 due to the increase in the country’s UV curing systems manufacturing activities and exports. Countries such as China, Japan, India, and South Korea are major contributors to the growth of the UV Curing Systems market in APAC. China and Japan are considered to be the first to adopt UV technology in the electronics manufacturing industry. The growth prospects of the APAC UV Curing Systems market are promising with constant growth rate in the near future. The COVID-19 pandemic has affected the APAC market. However, a steady recovery in 2021 is expected, with significant chances of market expansion. Growing demand and the implementation of policies that include emission control and environmentally friendly products have led to innovations and developments in the UV curing industry.
Baldwin Technology (United States), Dymax (United States), Nordson (United States), Excelitas Technologies (United States), Heraeus (Germany), Phoseon Technology (United States), HÃ¶nle (Germany), DELO (Germany), IST Metz (Germany), American Ultraviolet (United States), Hanovia (United States), Omron Corporation (Japan), Uvitron (United States), Atlantic Zeiser (Germany), Benford UV (USA), Miltec UV (USA), Thorlabs (USA), UVEXS Incorporated (USA), GEW (EC) Limited (UK), APL Machinery Pvt. Ltd. (India), Kyocera Corporation (Japan), Senlian (China), Panasonic (Japan), DoctorUV (United States), Shenzhen Naimeite (China) and Jenton International (United Kingdom).
UV Disinfection Equipment Market with COVID-19 Impact Analysis by Component (UV Lamps, Reactor Chambers), Power Rating (High, Medium, Low), Application (Water & Wastewater, Surface), End User (Municipal, residential), geography – Global forecast to 2026
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