Curing is a photochemical process in which a high-intensity electromagnetic wave is used to dry inks, coatings, or adhesives. Basically, this process involves mixing of liquid monomers and oligomers with a small portion of photo-initiators, which is then exposed to energy. The inks/coatings/adhesives then harden almost instantly. The traditional method involved conventional heat and drying methods, which relied on the principle of solvent evaporation and reduced the initial application of coatings by at least 50%, leading to generation of environmental pollutants and loss of product volume. However, the curing technology is beneficial as it use reduces waste, energy use, and pollutant emission and provides higher productivity. Currently, the two parallel competitive streams in energy curing technology are UV (Ultraviolet) and EB (Electron Beam). The curing technology is applicable across automotive, telecommunications, electronics, graphic arts, and glass & plastic decorating industries.
High performance, growth in inclination among industries to adopt eco-friendly technology, and stringent emission norms by governments are poised to be the key market drivers. However, high setup costs may limit this growth. Moreover, the UV curable resins segment has enormous growth potential in emerging economies.
The report segments the energy curing market on the basis of composition, oligomer chemistry, application, and geography. Based on composition, the market is divided into oligomers, monomers, pigments/non-reactive/additives, and photo-initiators. Based on oliger chemistry, it is categorized into non-acrylates & oligoamines, epoxy acrylate, polyester acrylate, and urethane acrylate. The application segment includes industrial coatings, overprint varnish, electronics, and printing inks. Industrial coatings are further classified into wood & paper coatings, plastic coatings, and metal coatings. Based on geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
In May 2017, Baldwin Technology Company Inc., a global leader in highly reactive UV, LED (Light Emitting Diode) UV, and IR (Infrared) drying systems acquired Air Motion Systems Inc., which specializes in LED UV curing technology. The acquisition aimed at expanding the geographical presence of Baldwin Technology Company Inc. and launching of new products of the highest quality in LED and UV technology for the energy curing market.
This report provides comprehensive competitive analysis of major market players such as Allnex Belgium SA/NV, Alberdingk Boley GmbH, BASF SE, DSM AGI Corporation, Covestro AG, Nippon Synthetic Chem Industry Co., Ltd., Wanhua Chemical Group Co., Ltd., Hitachi Chemical Company Ltd., Eternal Chemical Co. Ltd., and Miwon Specialty Chemical Co. Ltd.
- This report provides an extensive analysis of the current trends and emerging estimations & dynamics between 2016 and 2023 of the energy curing market.
- Competitive intelligence (of leading manufacturers and distributors of energy curing) assists in understanding the competitive scenario across the geographies.
- The report provides key information related to drives and restrains impacting the market.
- Industry analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
- Key market players are profiled and their strategies are analyzed thoroughly to provide a competitive outlook of the industry trends.
Energy Curing Market Key Segments
By Oligomer Chemistry
- Non Acrylates & Oligoamines
- Epoxy Acrylate
- Polyester Acrylate
- Urethane Acrylate
- Industrial Coatings
- Wood & Paper Coatings
- Plastic Coatings
- Metal Coatings
- Overprint Varnish
- Printing Inks
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Kingdom of Saudi Arabia (KSA)
- South Africa
- Rest of LAMEA
*Other players in the value chain include
- IGM Resins B.V.
- Sartomer USA LLC
- Jiangsu Sanmu Group Corporation
- Soltech Ltd
*Profiles of these players are not included in the report, but can be included on client request.
"Note : The list of companies mentioned in the description is tentative in nature and may change after detailed analysis."