UV Curing System Market Size Estimated to Observe Significant Growth by 2025
The global UV curing system market accounted for US$ 1,163.4 Mn in 2017 and is expected to grow at a CAGR of 9.6% during the forecast period 2018 – 2025, to account for US$ 2,409.8 Mn by 2025.
The UV curing system market has experienced significant growth and adoption rate in the past few years and is expected to experience notable growth and adoption in years to come. UV Curing systems use UV LED as the means for providing heat and curing the materials such as adhesives, paints, and coatings. Earlier curing systems used mercury lamp as a means for providing heat during the curing process. But the mercury lamps had some disadvantages which led to technological advancements in the market and the adoption of LED in the curing process. Within this market, various regions are observed to exhibit different growth trends. Asia Pacific hold the largest share of the total market. While the regions such North America and Middle East & Africa (MEA) are expected to exhibit high growth along with the increasing growth in Asia Pacific region. Asia Pacific region in global UV curing system market is expected to witness a CAGR growth rate of 10.3% in the coming years.
The demand for UV LED based curing systems is increasing over the conventional curing systems which used mercury lamps. This is due to the reason that the UV LED based curing systems provide better properties than the other type of curing systems such as better abrasion resistance, durability, elasticity, adhesion, and chemical resistance. The system also provides better operational speed of the machine as well as faster drying of the product. The UV curing systems also reduces the emission of the volatile organic compounds (VOC) released during painting, coatings, inks, adhesives, and similar materials making it one of the main reason for the high adoption of UV cured coating systems in a wide variety of applications such as furniture, automotive, healthcare, electronics, and others. Thus, increasing demand for UV LED based curing system among various industries is bolstering the UV curing system market.
Request FREE Sample PDF Copy of Report: https://www.theinsightpartners.com/sample/TIPTE100000952/
GLOBAL UV CURING SYSTEM MARKET – BY APPLICATION
- Bonding & Assembling
- Coating & Finishing
- Printing
GLOBAL UV CURING SYSTEM MARKET – BY END-USER
- Automotive
- Healthcare
- Electronics
- Others
- GLOBAL UV CURING SYSTEM MARKET – BY GEOGRAPHY
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia Pacific (APAC)
- China
- India
- Taiwan
- Japan
- Rest of APAC
The end user segment in UV curing system market include into automotive, healthcare, electronics, and other end-users such as aerospace, wood products, graphic & arts, packaging, construction, and others. Due to the advantages provided by the UV curing system over the conventional mercury lamp curing system, it is used in a wide variety of applications where bonding, coating, or printing are done. UV curing in the electronics sector is used for the bonding & assembling of the products used in the electronics segment as well as the faster drying of the coating of the parts in the consumer electronics products for the protection from the heat generated The electronics segment in the UV curing system market is expected to surge at an exponential rate during the forecast period.
Buy Now This Report at: https://www.theinsightpartners.com/buy/TIPTE100000952/
Contact Us:
Call: +1-646-491-9876
Email: [email protected]
About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
