USD 3.81 billion
Uv Curing System Market Size, Share, Growth Analysis, By Type(UV LED, mercury lamp), By Application(Bonding & assembling, printing, disinfection, coating), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2342 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Uv Curing System Market Insights
Uv Curing System Market size was valued at USD 3.81 billion in 2021 and is poised to grow from USD 4.17 billion in 2022 to USD 9.12 billion by 2030, at a CAGR of 10.28 % during the forecast period (2023-2030).
The global ultraviolet (UV) curing system market is witnessing significant growth owing to the numerous advantages it offers over traditional curing systems and the increasing importance of adhering to stringent regulations concerning green products.
UV curing systems require less energy compared to conventional drying methods, making them a more energy-efficient solution.
Additionally, the lower amount of heat generated during the curing process makes UV systems suitable for heat-sensitive substrates, which can be effectively coated without damage.
These benefits are driving the adoption of UV curing systems across various industries, contributing to the market's substantial expansion.
US Uv Curing System Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Public Cloud
Fastest Growth
Public Cloud
Growth Rate
10.28% CAGR
Global UV Curing System Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Uv Curing System Market Segmental Analysis
The global UV curing system market is segmented on the basis of type, application, 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. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Uv Curing System Market Analysis By Type
The largest and most influential segment that has been brilliantly illuminating the industry is the UV LED segment. With an awe-inspiring 65% share of the total market, UV LED technology has emerged as the preferred choice for businesses seeking cutting-edge and energy-efficient solutions. Additionally, UV LED's longer lifespan and reduced maintenance requirements make it a cost-effective investment, further enticing businesses across industries to embrace this revolutionary technology.
Simultaneously, in the dynamic landscape of UV curing systems, the fastest growing segment is the mercury lamp category. Exhibiting an astounding year-on-year growth rate of 30%, the Mercury Lamp technology is leaving a luminous trail of innovation in the market. As businesses strive to achieve efficient, eco-friendly, and cost-effective curing solutions, the magnetic allure of UV LED and the radiant growth of Mercury Lamp technologies promise an illuminated future for the global UV curing system market .
Uv Curing System Market Analysis By Application
Within the captivating realm of the global UV curing system market, applications become the guiding light, illuminating the diverse landscape with a multitude of possibilities. Among these radiant segments, the printing category emerges as the largest and most dazzling, commanding an impressive 45% share of the total market. As industries like packaging, signage, and graphics increasingly adopt UV curing for their printing needs, this segment shines as the guiding star, illuminating the path to unmatched print quality and productivity.
Global UV Curing System Market By Type
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Uv Curing System Market Regional Insights
In the dazzling landscape of the global UV curing system market, regional insights showcase a radiant interplay of dominance and rapid growth. Standing as the beacon of innovation and market prowess, the Asia-Pacific region emerges as the dominating force, radiating a captivating 60% share of the total market. This radiant dominance is fueled by the region's bustling manufacturing industries, booming electronics sector, and a thriving automotive market, all of which have embraced UV curing technology to illuminate their production processes with unprecedented speed and precision. As Asia-Pacific continues to shine brightly, it illuminates a trail of transformative advancements, capturing the world's attention and steering the global UV curing system market towards new heights.
In the midst of this radiant panorama, the fastest growing region casts a luminous glow upon Europe, sparkling with an awe-inspiring year-on-year growth rate of 35%. A symphony of technological advancements, stringent environmental regulations, and a growing inclination towards sustainable practices, Europe has become a fertile ground for UV curing system adoption. Industries spanning automotive, aerospace, and packaging are embracing UV curing to accelerate production, reduce waste, and achieve energy efficiency, painting a vibrant picture of growth and innovation. As Europe radiates with captivating potential, it becomes a magnet for UV curing system investments, propelling the market's expansion and guiding the path to a radiant and sustainable future for the global UV curing system market .
Global UV Curing System Market By Geography
- Largest
- Fastest
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Uv Curing System Market Dynamics
Uv Curing System Market Drivers
Advantages Over Traditional Curing Systems
- UV curing systems offer numerous advantages over traditional curing methods, such as faster curing times, energy efficiency, and reduced VOC emissions. These benefits attract industries seeking efficient and environmentally friendly solutions, thereby driving the adoption of UV curing systems.
Uv Curing System Market Restraints
High Initial Investment
- The upfront cost of UV curing systems, especially UV LED systems, can be higher than traditional curing methods. This cost may deter some businesses, particularly small and medium-sized enterprises, from adopting UV curing systems.
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Uv Curing System Market Competitive Landscape
The global UV curing system market is marked by a fiercely competitive landscape, with numerous key players vying for market share and striving to illuminate the path of innovation. Established industry giants, as well as nimble and innovative startups, create a dynamic ecosystem that sparks continuous advancements. As customer demands evolve, these players are actively investing in research and development to introduce novel UV curing technologies, expand product portfolios, and enhance system efficiency. Moreover, strategic partnerships, mergers, and acquisitions are common in this vibrant market, as companies seek to broaden their geographical reach and fortify their competitive standing. The competitive landscape's intensity fuels a perpetual race to innovate, delivering improved UV curing systems that cater to diverse industries such as printing, electronics, automotive, and healthcare. In this luminescent arena, customer-centric solutions, superior performance, and environmental sustainability become the beacons of success, guiding companies towards illuminating the global UV curing system market and driving it to new heights.
Uv Curing System Market Top Player’s Company Profiles
- Dymax Corporation (USA)
- Heraeus Noblelight GmbH (Germany)
- Nordson Corporation (USA)
- Phoseon Technology (USA)
- Excelitas Technologies Corp. (USA)
- Baldwin Technology Company Inc. (USA)
- IST Metz GmbH (Germany)
- Honle Group (Germany)
- AMS Spectral UV - A Baldwin Technology Company (Canada)
- American Ultraviolet (USA)
- Panasonic Corporation (Japan)
- GEW (EC) Limited (United Kingdom)
- Hanovia Ltd. (United Kingdom)
- Omron Corporation (Japan)
- Atlantic Zeiser Group (Germany)
- Benford UV (India)
- Miltec UV (USA)
- Uvitron International Inc. (USA)
- Phorite Corporation (Taiwan)
- UV Light Technology Limited (United Kingdom)
Uv Curing System Market Recent Developments
- In November 2022, Heraeus Holding made a momentous announcement, revealing its plans to relocate its production and research facilities from Cambridge Science Park to Northstowe, North Cambridge.
- In March 2022, KYOCERA Corporation achieved a remarkable feat by being recognized in the esteemed "Top 100 Global Innovators 2022" list by Clarivate.
Uv Curing System Key Market Trends
Growing Adoption of UV LED Technology
- UV LED curing systems have been gaining popularity due to their energy efficiency, longer lifespan, and reduced maintenance requirements compared to traditional mercury lamp systems. The shift towards UV LED technology is driven by the need for eco-friendly and cost-effective curing solutions.
Expansion of Application Areas
- UV curing systems are finding applications in various industries beyond traditional printing and coatings. Industries such as electronics, automotive, aerospace, healthcare, and packaging are adopting UV curing for its precision and speed, driving market growth.
Uv Curing System Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, The global UV curing system market has witnessed remarkable growth and transformation in recent years, fueled by the increasing adoption of UV curing technology across diverse industries. UV curing systems offer numerous advantages over traditional curing methods, such as faster curing times, energy efficiency, and reduced environmental impact. The rising demand for high-quality printing, coating, and adhesive applications in industries like packaging, electronics, automotive, and healthcare has been a key driver for market expansion. Moreover, the stringent environmental regulations against solvent-based curing systems have pushed industries to adopt eco-friendly UV curing solutions. The market has also seen significant advancements in UV LED technology, offering longer lifespans, lower maintenance costs, and superior curing performance. Additionally, the integration of Industry 4.0 technologies and the rise of hybrid curing systems have further propelled the market's growth. As emerging markets embrace industrialization and infrastructure development, the demand for UV curing systems is expected to witness substantial growth. Overall, the UV curing system market is set to continue its upward trajectory, driven by technological innovations, expanding application areas, and the industry's commitment to sustainable and efficient solutions.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 3.81 billion |
| Market size value in 2031 | USD 9.12 billion |
| Growth Rate | 10.28% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Uv Curing System Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Uv Curing System Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Uv Curing System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Uv Curing System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Uv Curing System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Uv Curing System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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