UV Curing System Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Spot cure, Flood cure, Focused beam), By Source (Mercury lamp, UV LED), By Application (Bonding & Assembling, Disinfection, Coating & Finishing, Printing), By UV Curing Materials (Adhesives, Coatings, Potting Compounds, Maskants), By End User Industry (Automotive, Healthcare, Electronics, Others), And By Geography- Forecasts From 2022 To 2027

  • Published : Sep 2022
  • Report Code : KSI061612962
  • Pages : 120
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The UV curing system market is anticipated to grow at a CAGR of 17.57% to attain a market size of US$5,420.182 million by 2027, from US$1,745.680 million in 2020.

UV curing systems are a photochemical process in which high-intensity ultraviolet light is used to instantly cure or dry inks, adhesives, or coatings. UV curable ink is an alternative to solvent-based products. The conventional process shrinks the initial application by more than 50% and creates environmental pollutants, whereas, in UV curing systems, no environmental pollutants are created, no loss of coating thickness, and no loss of volume. The result is higher productivity in less time, with a reduction in waste, energy use, and pollution. Increasing demand for better quality products is boosting the market for UV curing systems. UV curing systems are now used in various segments, including automotive, electronics, telecommunication, graphic arts, and others. Additionally, the burgeoning demand for eco-friendly products is fueling the growth of the global UV curing system market in the forecast period.

On the basis of source, mercury-based UV lamps are expected to hold a significant market share and are being widely adopted for varied industrial and printing applications due to the advancements in technology and reduction in manufacturing time in comparison to traditional curing methods. The presence of the stringent regulatory framework for the utilization of bio-based commodities, in addition to the growing inclination towards the usage of environmentally-safe products, are the major factors driving the market growth for this segment.

The wide presence of market players in the UV curing industry is strengthening the market growth in the forecast period.

 Dymax UV light spot cure units, which can cure light-curable materials in 1-10 seconds, are one example of a light-curing equipment product portfolio. The company’s UV light curing spot lamps hold applications in research and development laboratories, in addition, to being utilized in medical, industrial, electronics, automotive, and optical industries. Also, the products are supplied with a variety of standard or customized light delivery choices. Several light guide options are available, including 3mm, 5mm, and 8mm in diameter. The length of the light guide includes 1meter (standard) to 6 meters. Also, other options include liquid or fiber, and single or multifurcated configurations. The technology being used for spot-curing consists of high-intensity LEDs instead of traditional metal-halide or mercury-arc lamps. Hence, the use of LEDs makes them ideal for curing thermally sensitive materials. This further contributes to low-energy consumption, thus providing cost-saving benefits, and is capable of providing better performance for better process control.

The company’s light-curable materials are highly useful for high-end industries such as aerospace and defense where they are used in the extension of an engine’s service life, improvement of imaging sensors, and protection of printed circuit boards (PCBs) from the harsh environment, which holds importance in the designing and manufacturing of components extensively in use in the rotorcraft, MRO, OEM, and avionics sectors of the A&D industry. Additionally, the company’s light-curable formulations are highly capable of addressing the increasing industrial challenges and demands. Hence, with continuous innovations, improvements in electronic components are being made by offering product technology that enhances the throughput and reduces rework, and costs. The company’s offerings of light-curable materials include UV curable materials as well as conformal coatings, encapsulants, form-in-place gaskets, ruggedizing materials, potting compounds, SpeedMask® maskants, in addition to aerospace adhesives. The applications include camera module bonding, surface finishing protection, PCB coating, and sensor protection.

The growing printing industry is driving the market demand during the forecast period.

With printing playing a significant role in the modern world, the industry is set to grow, with several advancements being made as per the evolving demands of customers worldwide. With digitization, the demand for digital printing technology is also rising, further boosting the burgeoning industry growth. Companies are leveraging various printing technologies in order to make an impact among the various consumers at the global level and add value to their businesses through integrated marketing solutions. The industry is expanding beyond the conventional method of printing where big industry players have started working on integrating their products with popular cloud-based apps including Box, Dropbox, and Microsoft OneDrive. Hence, the growing adoption of cloud-based solutions is further bolstering industrial growth. Also, the players in the industry are transforming their business models, where efforts are being made to move their focus to package and labelling. Many big vendors have begun to offer smartphone apps for “printing on the go” and are planning to enter the next phase, i.e. “printing from outside the office”.

The growing trend of eco-friendly manufacturing processes and UV-curing systems is gaining popularity, further propagating the market growth in the forecast period.

The UV curing of inks and coatings, with curing, as part of many manufacturing processes in various end-use industries, means the market for UV curing technology holds high growth potential with the shift in adopting environment-friendly technologies. The process of curing using ultraviolet radiation offers several benefits in comparison to other traditional methods, which include the reduction or elimination of environmentally deleterious chemicals, thus, helping in the reduction of cleanup times with high gloss capabilities.  With technological advancements, UV curing also holds high potential for growth in the future where interested end-users are working in close collaboration with the UV lamp or equipment manufacturers, formulators in the coating industry, and their raw material suppliers to develop UV curing systems they are poised to overcome the current technological limitations and assist in the broader adoption of UV LED curing for several end-use applications in the wood industry, coatings industry, automotive or transportation industry, and many other industrial applications. This is because of the fact that in many other sectors, UV LED curing technology has still not reached the levels required for commercialization.

Key Developments

  • June 2022: At the first-ever Amplify finishing, packaging, and design event, which took place in Minneapolis, United States on June 14-16, AMS Spectral UV, a Baldwin Technology company, highlighted the various effects of its LED-UV technology.
  • August 2021: Phoseon Technology partnered with American Ultraviolet for the advancement of LED curing in all UV curing markets. The collection of knowledge and wide product selection makes upgrading easier than ever thanks to more than 80 years of combined experience in arcs, microwaves, and LEDs as per the press release by the company.

Impact of the COVID-19 pandemic on UV Curing System Market

Globally, factories, warehouses, businesses, and institutes were closed or partially shut down because of the COVID-19 pandemic. As a result of the pandemic, FDI dropped by 5% to 15%, owing to plant closures across the manufacturing sector, according to UNCTAD's March 2020 report. Additional lockdown measures included strict social distancing norms, restricted travel, and limited entry to public spaces, restaurants, theme parks, cinemas, and malls. UV curing system market growth was impacted by limited consumer and corporate spending, lockdown measures, and supply chain disruptions. Several SMEs have closed due to the Covid-19 pandemic, logistic disruptions, lockdowns, and other problems. Governments around the world have shifted their focus and spending to health care due to the pandemic. In 2020, there was a significant decline in demand from end-users as well.

UV Curing System Market Scope:

Report Metric Details
 Market Size Value in 2020  US$1,745.680 million
 Market Size Value in 2027  US$5,420.182 million
 Growth Rate  CAGR of 17.57% from 2020 to 2027
 Base Year  2020
 Forecast Period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments Covered  Type, Source, Application, UV Curing Materials, End User Industry, And   Geography
 Regions Covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies Covered Baldwin Technology Co. (Barry-Wehmiller family of companies), Dymax, Nordson Corporation, Excelitas Technologies Corp., Heraeus Holding, Phoseon Technology, Dr. Hoenle AG, American Ultraviolet, OMRON Corporation, Uvitron International, Inc., Atlantic Zeiser GmbH, Benford
 Customization Scope  Free report customization with purchase

 

Segmentation:

  • By Type
    • Spot cure
    • Flood cure
    • Focused beam
  • By Source
    • Mercury lamp
    • UV LED
  • By Application
    • Bonding & Assembling
    • Disinfection
    • Coating & Finishing
    • Printing
  • By UV Curing Materials
    • Adhesives
    • Coatings
    • Potting Compounds
    • Maskants
  • By End User Industry
    • Automotive
    • Healthcare
    • Electronics
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Others
    • Middle East and Africa
      • UAE
      • Israel
      • Saudi Arabia
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the UV curing system market size by 2027?
A1. The UV curing system market is anticipated to reach a total market size of US$5,420.182 million by 2027.


Q2. What is the size of the global UV curing system market?
A2. UV Curing System Market was valued at US$1,745.680 million in 2020.


Q3. What are the growth prospects for the UV curing system market?
A3. The global UV curing system market is anticipated to grow at a CAGR of 17.57% during the forecast period.


Q4. What factors are anticipated to drive the UV curing system market growth?
A4. Increasing demand for better quality products is boosting the market for UV curing systems. 


Q5. Which region holds the largest market share in the UV curing system market?
A5. Geographically, the North American region is expected to have a significant share in the UV curing system market due to the presence of major manufacturers and a strict regulatory framework.

1. Introduction
1.1. Market Overview
1.2. COVID-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. Research Methodology
2.1. Research Data
2.2. Assumptions

3. Executive Summary
3.1. Research Highlights

4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. UV Curing System Market Analysis, by Type
5.1. Introduction
5.2. Spot cure
5.3. Flood cure
5.4. Focused beam

6. UV Curing System Market Analysis, by Source
6.1. Introduction
6.2. Mercury lamp
6.3. UV LED

7. UV Curing System Market Analysis, by Application
7.1. Introduction
7.2. Bonding & Assembling
7.3. Disinfection
7.4. Coating & Finishing
7.5. Printing

8. UV Curing System Market Analysis, by UV Curing Materials
8.1. Introduction
8.2. Adhesives
8.3. Coatings
8.4. Potting Compounds
8.5. Maskants

9. UV Curing System Market Analysis, by End User Industry
9.1. Introduction
9.2. Automotive
9.3. Healthcare
9.4. Electronics
9.5. Others

10. UV Curing System Market Analysis, by Geography
10.1. Introduction
10.2. North America
10.2.1. United States
10.2.2. Canada
10.2.3. Mexico
10.3. South America
10.3.1. Brazil
10.3.2. Argentina
10.3.3. Others
10.4. Europe
10.4.1. UK
10.4.2. Germany
10.4.3. France
10.4.4. Italy
10.4.5. Others
10.5. Middle East and Africa
10.5.1. United Arab Emirates
10.5.2. Israel
10.5.3. Saudi Arabia
10.5.4. Others
10.6. Asia Pacific
10.6.1. Japan
10.6.2. China
10.6.3. India
10.6.4. South Korea
10.6.5. Taiwan
10.6.6. Thailand
10.6.7. Indonesia
10.6.8. Others

11. Competitive Environment and Analysis
11.1. Major Players and Strategy Analysis
11.2. Emerging Players and Market Lucrativeness
11.3. Mergers, Acquisitions, Agreements, and Collaborations
11.4. Vendor Competitiveness Matrix

12. Company Profiles
12.1. Baldwin Technology Co. (Barry-Wehmiller family of companies)
12.2. Dymax
12.3. Nordson Corporation
12.4. Excelitas Technologies Corp.
12.5. Heraeus Holding
12.6. Phoseon Technology
12.7. Dr. Hoenle AG
12.8. American Ultraviolet
12.9. OMRON Corporation
12.10. Uvitron International, Inc.
12.11. Atlantic Zeiser GmbH
12.12. Benford

Baldwin Technology Co. (Barry-Wehmiller family of companies)

Dymax

Nordson Corporation

Excelitas Technologies Corp.

Heraeus Holding

Phoseon Technology

Dr. Hoenle AG

American Ultraviolet

OMRON Corporation

Uvitron International, Inc.

Atlantic Zeiser GmbH

Benford