UV curing system uses ultraviolet radiation to
activate the curing process used for solidifying materials. UV curing reduces
drying time and rejection rate, thus increasing the efficiency and quality of
the product. There is an increasing demand for UV curing systems owing to
environmental awareness and stringent regulation from directives across the
world. Risks related to the mercury present in UV lamps are posing a challenge
for the UV curing system market. However, high-growth prospects for new
applications and high acceptance of bio-based products are fueling the demand
for UV curing systems.
Which end
users are expected to drive the growth of the market in the next 5 years?
The UV curing system market has been segmented on the basis of end user
into aerospace and defense, automotive and transportation, construction and
architecture, semiconductor, energy, industrial and machinery, marine, medical,
consumer electronics, and others, which include agriculture and filtration (air
and water). The UV curing system market for the construction and architecture
end user industry is expected to grow at the highest CAGR during the forecast
period. The construction and architecture industry is mainly driven by the
increasing UV coating market across the world. Additionally, increasing
investments by governments in public infrastructures, such as highway joint
sealing, structural bonding of bridges and railways to cater to the needs of
customized coatings are fueling the demand for UV curing technologies in the
construction industry.
Which is the
potential market for UV curing systems in terms of region?
The UV curing system market in North America
is expected to account for the largest share of the overall UV curing system
market in 2020. North America is the largest market for UV curing technologies
owing to the presence of key UV curing system manufacturers, such as Dymax,
Phoeseon, and Baldwin Technology. Stringent regulatory framework by agencies
such as EPA (Environment Protection Agency) and American Industrial Hygiene
Association (AIHA) is playing a key role in the monitoring and commercialization
of the UV curing technology. The UV curing system market in RoW is expected to
grow at the highest CAGR during the forecast period. The Middle East accounted
for a substantial share of the UV curing system market in ROW. Increasing
awareness about the benefits of the UV curing technology is fueling the growth
of the UV curing market in RoW.
Which are
the major companies in the UV curing system market? What are their major
strategies to strengthen their market presence?
Major players in the UV curing system market
are Baldwin Technology (US), Dymax (US), Nordson (US), Panasonic (Japan), and
Excelitas (US). The competitive landscape shows that most players have adopted
product launches, acquisitions, expansions, agreements, and collaborations as key
strategies. The companies have adopted these strategies to achieve growth and
to stay competitive in the UV curing system market from January 2017 to
February 2019.
Which are
the major technologies of UV curing systems? How huge is the opportunity for
their growth in the next five years?
The UV curing system market has been segmented
on the basis of technology into mercury lamps and UV LEDs. The UV curing system
market for mercury lamps is expected to account for the largest market share in
2020. Mercury-based UV lamps have been extensively adopted for industrial and
printing applications, owing to the technological advancement and reduction in
manufacturing time compared with traditional curing methods. The UV LED market
is expected to grow at a higher CAGR during the forecast period. Currently, UV
LED systems hold a smaller share in the UV curing system market, as they are
used in limited applications; however, in the coming years, the UV LED market
will be driven by deployment in new applications, such as purification and
disinfection.
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