The report "UV Curing System Market 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",
is projected to reach USD 6.7 billion by 2025 from USD 3.3 billion in 2020; it
is expected to grow at a CAGR of 15.0% during the forecast period. Major
drivers for the growth of the market are growing inclination toward
eco-friendly products, greater benefits of UV curing systems than traditional
curing systems; rising demand for UV LEDs due to COVID-19; and increasing
adoption of UV disinfection due to COVID-19. Moreover, high-growth prospects of
UV curing technology in new applications and preference for UV technologies for
print label and packaging due to COVID-19 act as growth opportunities for
developers of UV curing system.
The UV LED technology segment of the UV curing
system market projected to grow at a high CAGR during the forecast period.
A UV LED is a technology capable of converting
electrical energy into UV light. UV LED has wavelengths of less than 400 nm and
features such as compactness, superior performance, and low cost. UV
light-emitting diodes (LEDs) are used in a variety of applications. Earlier, UV
LED had limited applications, such as curing, counterfeit, and forensic;
however, due to the developments and advancements in technology, it has more
applications, such as disinfection, purification, sterilization, and medical
phototherapy. Recently, UV LED curing lamps have started replacing mercury
lamps in a wide range of UV curing applications.
Among application, the bonding &
assembling segment projected to hold the largest share of the UV curing system
market during the forecast period.
UV curing is used for the bonding and
assembling application in the manufacture of LCD and touch screens. The process
uses ultraviolet glue to bond the elements together. UV curing for the bonding
application is highly effective on glass because of its high transparency and
exceptional stability, even in harsh environmental conditions. In addition, UV
curing is used for bonding materials, such as metal, glass, and plastic, as
well as the assembling of printed circuit boards (PCBs). In a UV curing system,
the bonding process uses UV-sensitive adhesives that cure upon exposure to
energy from UV curing lamps. Bonding is a fast, flexible, long-lasting, and
eco-friendly UV curing process compared with other applications. A few examples
of UV curing in the bonding application, include display case construction,
automotive headlamp assembly, novelty bonding, sign assembly, adhering light
fixtures, and plastic package assembly.
The UV curing system market in North America
projected to hold the largest share in 2019.
The North American region is the largest
market for UV curing systems with the largest share of ~36% 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.
Baldwin Technology (US), Dymax (US), Nordson
(US), Excelitas (US), Heraeus (Germany), Phoseon (US), Honle (Germany), Ist
Metz (Germany), American Ultraviolet (US), and Hanovia (UK) are a few major
players in the UV curing system market.
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