$ 8.6 Billion UV Curing Systems Market – Global Forecast to 2026: Opportunities with Preference for UV Technologies for Labeling and Print Packaging Due to COVID-19 – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD)–The “UV curing systems market with Covid-19 impact analysis by technology (UV LED, mercury lamp), type (spot treatment, flood and focused beam, conveyor), type of pressure (high, medium, low), application, vertical and geography – Global forecast to 2026 “ the report was added to ResearchAndMarkets.com offer.

The UV curing systems market is expected to reach USD 8.6 billion by 2026, compared to 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 systems market in North America is primarily driven by large-scale government funded programs. Moreover, the high adoption rate and technological advancement are also driving the growth of the UV Curing Systems market in 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 expansion of the market is due to increasing demand from the semiconductor and electronics industry 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.

The UV LED technology segment is expected to experience the highest growth during the forecast period.

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 characteristics such as instant on and off, fast and uniform drying and curing, low heat emission and low power consumption. North America is adapting and evolving rapidly with the latest technologies and needs. The increased demand for UV LEDs is due to the growing awareness of green energy and its minimum power consumption.

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.

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 50-70% less energy than mercury lamps.

The APAC UV Curing Systems Market is expected to have the highest CAGR during the forecast period (2021-2026).

APAC UV Curing Systems market includes China, Japan, South Korea, India and the rest of APAC which mainly includes Australia, Taiwan, Thailand, Indonesia, Singapore, Malaysia, the Philippines and New Zealand. It is expected to be the fastest growing market for UV curing systems during the forecast period. China is expected to be the biggest market for UV curing systems and is also expected to experience the highest CAGR during the forecast period.

Premium previews

  • Increase in consumer electronics to support market growth

  • Spot Cure Segment to Have Largest Market Share, 2021-2026

  • Mercury lamp technology and China to account for largest share in Asia-Pacific by 2026

  • China to register highest CAGR, 2021-2026

Market dynamics

Conductors

  • Growing trend towards environmentally friendly products and strict regulations regarding the use of green products

  • Advantages of UV curing systems over traditional curing systems

  • Growing demand for UV LEDs in all industries due to COVID-19

Constraints

  • Limited depth of cure

  • Lack of awareness and high cost of UV coatings

Opportunities

  • Growing Applications of UV Curing System

  • Preference for UV technologies for printed labeling and packaging due to COVID-19

Challenges

  • Risks related to the dangerous effects of mercury in UV mercury lamps

  • Slowdown in production in manufacturing industries due to COVID-19

  • Cracking Defects on UV Curable Coating Products

Case study analysis

  • UV Curing System for Nasal Swabs: Dymax Uvcs Light Curing Conveyor Systems Helped Increase Nasal Swab Production

  • UV Curing System for Camera Modules: A Case Study of Using Ultraviolet Curing to Attach a Camera Module Holder to a PCB

  • UV curing system for industry: improvement of Wpg’s Komori Ls829P with UV curing

  • UV curing system for Polyjet: improved printing cycles and precision thanks to the UV curing system

Patent analysis

  • UV curing system from Henkel AG and Co KGaA

  • UV Curing Inkjet Printing Ink Composition

  • UV curing system from Henkel AG and Co KGaA

  • Document type

  • Patented

  • Patents: applications vs. Granted, 2011-2020

  • Publication trend

    Patents filed from 2011 to 2020

  • Jurisdictional analysis

  • Principal patent owners

  • Top 10 companies with published patent applications, 2011-2020

  • Top 20 patent owners published in the last 10 years

Company Profiles

Key players

  • Dymax

  • Nordson

  • Heraeus

  • Phoseon technology

  • Ist Metz GmbH

  • Baldwin Technology

  • American ultraviolet

  • Hanovia

  • Excelitas Technologies

  • Honle

Other key players

  • Omron Company

  • Uvitron

  • Atlantic Zeiser

  • Benford UV

  • Miltec Uv

  • Thorlabs

  • Uvexs Incorporated

  • Gew (Ec) Limited

  • Delo

  • APL Machinery Pvt. Ltd.

  • Kyocera Company

  • Senlian

  • Panasonic

  • Doctoruv

  • Shenzhen naimeite

  • Jenton International

For more information on this report, visit https://www.researchandmarkets.com/r/6rlr60


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