$6.7 Billion Worldwide UV Curing System Industry to 2025 - Featuring Dymax, Nordson & Heraeus Among Others
DUBLIN, Aug. 7, 2020 /PRNewswire/ -- The "UV Curing System Market with COVID-19 Impact Analysis by Technology (Mercury Lamp, and UV LED), Type (Spot Cure, Flodd Cure & Focused Beam, and Conveyor), Pressure Type (High, Medium, and Low), Application, End-Use Vertical, and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global UV curing system market is projected to reach USD 6.7 billion by 2025 from USD 3.3 Billion in 2020 and is expected to grow at a CAGR of 15.0%.
The UV curing system market in APAC is projected to grow at the highest CAGR during the forecast period. Countries such as China, Japan, India, and South Korea are major contributors to the growth of the UV curing system market in APAC. China and Japan are considered as the early adopters of UV technology in the electronics manufacturing industry. The growth prospective of the UV curing system market in APAC is promising with a steady growth rate in the near future.
The COVID-19 pandemic has affected the market in APAC, however, a steady recovery by 2021 is expected with the significant chances of market expansion due to the rising exports of the region. The continuous rise in the production of end products for use in APAC and for exports derives a huge demand for UV coatings. The major restraints for the growth of the market are limited depth of curing. Risks related to hazardous effects of mercury present in UV mercury lamps and Slowdown in the production of manufacturing industries due to COVID-19 act as major challenges for the growth of the market.
The Mercury lamp technology segment projected to hold a large share of the UV curing system market during the forecast period.
Mercury-based UV lamps employ an electric arc through vaporized mercury to produce UV light. These lamps can disinfect an area in lesser time, as the aperture produced by the lamp is broad. These lamps can emit UV light of UVA (320 to 400 nm), UVB (280 to 320 nm), and UVC (200 to 280 nm) wavelengths. The intense spectrum of light causes the rapid curing of numerous applications, such as printing, bonding and assembling, and coating and finishing. These lamps are limited to short lengths, and lamp life is usually less than 1,000 h. Furthermore, mercury lamps need to be handled properly as they consist of high-pressure gas, which may burst if the pressure is increased. Moreover, the mercury lamp market is expected to grow due to increasing industrial development and stringent government regulations as well as increasing adoption in the medical vertical.
Among end-use vertical, the medical segment to hold the largest share of the UV curing system market from 2020 to 2025.
UV curing systems are used in a variety of medical products such as syringes, catheters, hearing aids, dialysis machines, medication patches, hydrogels, filters, and test strips, for the speed production of coatings, inks, and adhesives. These systems help in reducing costs and provide high-quality products. The adoption of UV curing in the medical vertical has increased owing to its properties such as rapid processing, cure on demand, ease of automation, low temperature, and lower energy requirements. UV spot cure and UV LED flood cure are mainly used for the assembling of medical electronic components. The features of UV curing technology, such as precise irradiance control and wavelength selection based on the requirement help medical device manufacturers with organized UV curing in assembly processes. UV curing systems are a key solution for high-volume automated processes, which reduce material and operating costs.
North America projected to hold the largest share of the UV curing system market in 2019.
The North American region is the largest market for UV curing systems with the largest share in 2019 and is expected to lead the market for a few years. North America is home to various large-scale manufacturing industries in different sectors such as automotive, medical, and electronics, and semiconductors. These sectors are witnessing significant adoption of UV curing technology to meet the increasing demand of the market and are estimated to rise in the near future. The manufacturing facilities in the region are highly automated with high precision manufacturing with minimal time required for production. The UV curing system market in North America has been further segmented into the US, Canada, and Mexico. The UV curing system market in the region is expected to grow rapidly as the domestic players are focusing on the export market thereby, increasing the global market share.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
3.1 UV Curing System Market: Realistic Scenario (Post-COVID-19)
3.2 UV Curing System Market: Optimistic Scenario (Post-COVID-19)
3.3 UV Curing System Market: Pessimistic Scenario (Post-COVID-19)
4 Premium Insights
4.1 Attractive Growth Opportunities in UV Curing System Market
4.2 UV Curing System Market, by Technology
4.3 UV Curing System Market in Apac, by End-Use Vertical and Country
4.4 UV Curing System Market in North America, by Type
4.5 UV Curing System Market, by Region
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Inclination Toward Eco-Friendly Products, Along With Stringent Regulations Regarding Use of Green Products
5.2.1.2 Greater Benefits of UV Curing Systems Than Traditional Curing Systems
5.2.1.3 Rising Demand for UV LEDs Due to COVID-19
5.2.1.4 Increasing Adoption of UV Disinfection Due to COVID-19
5.2.2 Restraints
5.2.2.1 Limited Depth of Curing
5.2.3 Opportunities
5.2.3.1 High-Growth Prospects of UV Curing Technology in New Applications
5.2.3.2 Preference for UV Technologies for Print Label and Packaging Due to COVID-19
5.2.4 Challenges
5.2.4.1 Risks Related to Hazardous Effects of Mercury Present in UV Mercury Lamps
5.2.4.2 Slowdown in Production of Manufacturing Industries Due to COVID-19
5.3 Value Chain Analysis
6 UV Curing System Market, by Technology
6.1 Introduction
6.2 Mercury Lamp
6.2.1 Mercury Lamp to Account for Larger Market Share During Forecast Period
6.3 UV Led
6.3.1 North America Held Largest Size of Market for UV Led in 2019
6.4 Impact of COVID-19 on Technologies
7 UV Curing System Market, by Type
7.1 Introduction
7.2 Spot Cure
7.2.1 Spot Cure Type to Account for Largest Market Share During Forecast Period
7.3 Flood Cure & Focused Beam
7.3.1 Market for Flood Cure & Focused Beam Type to Grow at Highest CAGR During Forecast Period
7.4 Conveyor System
7.4.1 Adoption of Conveyor Systems Spurred by Consistent UV Curing and Fast and Safe Cures of Adhesives
7.5 Impact of COVID-19 on Types
8 UV Curing System Market, by Pressure Type
8.1 Introduction
8.2 High
8.2.1 High-Pressure Systems Have Longer Lifespan, Which Increases Their Adoption
8.3 Medium
8.3.1 High Demand for Medium-Pressure Lamps in Food & Beverages, Medical, Electronics, Semiconductor, and Pharmaceuticals Industries Boost Market Growth
8.4 Low
8.4.1 Low-Pressure UV Lamps Offer 12,000 Hours of Life and Convert Up to 40% of Electricity into Uvc
8.5 Impact of COVID-19 on Pressure Types
9 UV Curing System Market, by Application
9.1 Introduction
9.2 Printing
9.2.1 Market for Printing is Expected to Grow at Highest CAGR During Forecast Period
9.3 Bonding & Assembling
9.3.1 UV Curing for Bonding Application is Highly Effective on Glass Because of Its High Transparency and Exceptional Stability, Even in Harsh Environmental Conditions
9.4 Coating & Finishing
9.4.1 Coating & Finishing Led UV Curing System Market in 2019
9.5 Disinfection
9.5.1 Increase in Awareness About Benefits of UV Disinfection Equipment Among End-users Boost Market Growth
9.6 Others
9.7 Impact of COVID-19 on Applications
10 UV Curing System Market, by End-Use Vertical
10.1 Introduction
10.2 Medical
10.2.1 Medical End-Use Vertical Led UV Curing System Market in 2019
10.3 Consumer Electronics
10.3.1 Market for Consumer Electronics is Expected to Grow at Highest CAGR During Forecast Period
10.4 Industrial & Machinery
10.4.1 UV Curing Systems Are Used for Coatings in Machinery to Improve Their Quality, Efficiency, and Productivity
10.5 Semiconductor
10.5.1 Benefits of UV Curing Such as High Speed, Minimal Work, and Optimum Results while Operating at Room Temperatures Increase Their Adoption in Semiconductor Vertical
10.6 Automotive
10.6.1 UV Curing in Automotive Helps Attaining Maximum Resistance to Scratches and Aggressive Chemicals Used in Cleaning Car Navigation Units
10.7 Aerospace & Defense
10.7.1 UV Coating Protects Strong Aluminium Alloys Used in Aircraft from Corrosion
10.8 Marine
10.8.1 UV Curing Systems Offer Strong Bonding Solutions Against Harsh Environmental Conditions, Along With Flexibility to Combat Vibrations
10.9 Energy
10.9.1 UV Curing Technologies Are Extensively Used to Coat Oil and Gas Pipelines in Energy Vertical
10.10 Construction & Architecture
10.10.1 UV Curing Protects and Seals Buildings from Extreme Environmental Conditions
10.11 Others
10.12 Impact of COVID-19 on End-Use Verticals
11 Geographic Analysis
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Apac
11.5 Row
12 Competitive Landscape
12.1 Overview
12.2 Ranking Analysis of Key Players in UV Curing System Market
12.3 Competitive Situations and Trends
12.3.1 Product Launches/Developments
12.3.2 Agreement
12.3.3 Collaboration
12.3.4 Expansions
12.3.5 Acquisition
12.3.6 Joint Venture
12.4 Competitive Leadership Mapping, 2019
12.4.1 Visionary Leaders
12.4.2 Dynamic Differentiators
12.4.3 Innovators
12.4.4 Emerging Companies
13 Company Profiles
13.1 Introduction
13.2 Key Players
13.2.1 Dymax
13.2.2 Nordson
13.2.3 Heraeus
13.2.4 Phoseon Technology
13.2.5 Baldwin Technology
13.2.6 Ist Metz GmbH
13.2.7 American Ultraviolet
13.2.8 Hanovia
13.2.9 Excelitas Technology
13.2.10 Honle
13.3 Right to Win
13.4 Other Important Players
13.4.1 Omron Corporation
13.4.2 Uvitron
13.4.3 Atlantic Zeiser
13.4.4 Benford UV
13.4.5 Miltec UV
13.4.6 Thorlabs
13.4.7 Uvexs Incorporated
13.4.8 Gew (Ec) Limited
13.4.9 Delo
13.4.10 APL Machinery Pvt. Ltd.
14 Appendix
14.1 Other Insights from Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Subscription Portal
14.4 Available Customizations
14.5 Related Reports
14.6 Author Details
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