Report Code: A09966 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Uv Curing System Market
Request Now !The global UV curing system market is experiencing significant growth and is expected to grow considerably in the next few years. UV curing systems is a process in which ultraviolet and visible light are used to initiate a photochemical reaction to instantly cure or dry inks, adhesives or coatings. UV curing is a low-temperature speed process that benefits in curing by polymerization rather than evaporation, decreasing dismiss rates, encourage unrivalled holding, increasing production speed, and enhancing scratch & dissolvable protection.
UV curing system creates no ecological pollutants, no dissolvable to dissipate, covering thickness, and volume loss. It is adaptable to coating, decorating, printing, and assembling of a variety of products and materials. This outcome in energy utilization is higher within a short span of time along with decrease in waste and pollutant emissions.
The global UV curing system market is segmented on the basis of type, application, industry vertical and region. Based on type, the market is divided into UV LED, mercury lamp. In terms of application, the market is categorized into bonding & assembling, printing, disinfection, coating, and others. In terms of industry vertical, the UV curing system market is segregated into chemical & petrochemical, oil & gas, energy & power, automotive, food & beverages, healthcare, others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global UV curing system industry include Jiangsu Sanmu Group Corporation, BASF SE, Nippon Gohsei, Wanhua Chemical Group Co. Ltd., DSM AGI Corporation, and Toagosei Co. Ltd.. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global UV curing system market.
COVID-19 Scenario Analysis
This growth can be attributed to the inclination toward environment-friendly products along with strict regulations regarding the use of green products and high performance & increased speed of UV curing systems than traditional curing systems. The global UV curing system market is anticipated to witness progressive growth in the coming years due to the requirement of less equipment energy and space as there is no need to wait for the product to get dry. This helps in generating an efficiency that exists through the entire manufacturing process However, limited depth of curing could hamper the growth of the global market.
The demand for UV LED based curing systems is growing over the conventional curing systems, which use mercury lamps. This is attributed to the fact that UV LED-based curing systems provide better properties than other types of curing systems such as better durability, abrasion resistance, elasticity, adhesion, and chemical resistance. The system also delivers better operational speed of the machine as well as faster drying of the product.Â
The UV curing system also reduces the emission of volatile organic compounds (VOC) released during coatings, printing inks, adhesives, and similar materials making it one of the main reason for the high acceptance of UV cured coating systems in a wide variety of applications such as furniture, healthcare, automotive, electronics, and others. Therefore, swelling demand for UV LED-based curing system among various industries is bolstering the UV curing system market.
UV curing technologies are widely used in the healthcare industry. In terms of medical equipment, UV curing is of great use as it does not emit any harmful solvents, thereby keeping the patients safe. UV curing system also contributes to protecting the environment as it has low power consumption. It is widely used in medical equipment such as cannulas, syringes or oxygen masks. It has a tendency of allowing a variety of components to bond more efficiently in a reproducible manner.Â
The growing demand for low-power high-output (LPHO) lamps is expected to further drive the UV curing system market. UV curing systems in bonding and assembling application are used to bond or stick materials, such as plastic, glass, and metals, in semiconductor and consumer electronics industries. The demand for UV curing systems for bonding and assembling is growing due to its flexible, fast, and environment-friendly curing method.
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UV Curing System Market Report Highlights
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Key Market Players | Company1, Company4, Company10, Company3, Company7, Company2, Company9, Company6, Company5, Company8 |
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