According to our latest market study on “UV Curing System Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application and End User,” the market is expected to grow from US$ 2,817.2 million in 2021 to US$ 5,153.2 million by 2028; it is estimated to grow at a CAGR of 9.0% from 2021 to 2028. UV curing systems are most commonly used for coating, bonding, and printing in various major industries, such as printing, healthcare, and automotive. It is being used in a few new ways, such as 3D printing, digital printing, metal coating, and package disinfection. UV curing technology is also the dominant technology for metal coating applications instead of plastic and wood coatings.
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UV LED-based curing systems have better properties than the other curing systems, such as better abrasion resistance, durability, elasticity, adhesion, and chemical resistance. Hence, the demand for UV LED-based curing systems is increasing over conventional curing systems that use mercury lamps. These systems also provide a better operational speed of the machine and faster drying of the product. The UV curing systems also reduce the emission of the volatile organic compounds (VOCs) released during painting, coatings, inks, adhesives, and similar materials. Hence, these systems are highly adopted in a wide variety of applications such as furniture, automotive, healthcare, and electronics.
Phoseon Technology, Nordson, Heraeus, Dymax, and IST Metz GmbH are some of the key market players operating in the global UV curing system market. The listing of key players is derived by considering multiple factors such as overall revenue, current UV curing system product portfolio, geographical reach, new product launches, market initiatives, and investment in technology up-gradation, partnerships, and other market-related activities. In addition to these players, there are several other important players operating in the UV curing system ecosystems which were studies analyzed during the course of this market research study, such as Excelitas Technologies Corp, AMS Spectral UV, Jenton Group, American Ultraviolet, and Hanovia-UV. Most of the market initiatives were observed in North America and Europe region, which have a high potential of market-related products, solutions, and services.
UV LED curing is mostly utilized in graphics applications such as digital inkjet printing, screen printing, sheetfed offset printing, and flexo printing. These industries are quickly expanding, with sheetfed offset printing experiencing the most rapid expansion. Optical fiber coating, electronics, wood coating, and gel nail applications have also adopted UV LED curing solutions over the years. Furthermore, UV LED curing provides many advantages over other conventional curing methods. UV LED curing uses arc lamps or microwaves, enables the use of 100% solid formulations, and provides quick curing with no thermal heating/ovens, faster production speeds, and a smaller footprint. These features are also responsible for the increase in the use of UV LED-based curing, thereby driving the demand for UV curing systems
Key Findings of Study:
The robust manufacturing industry across APAC is significantly driving the APAC UV curing system market. The countries across the region have a huge presence of electronics, automotive, and medical equipment manufacturers. UV curing systems are actively utilized across these manufacturing companies for various applications, such as die attachment, wire tacking, pin attachment, and sealing and gasketing products. UV curing solutions are also adopted for coating applications across these above-mentioned industries. Thus, the wide range of UV curing applications propels the demand for the same among the above-mentioned industries, thereby contributing to the market growth.
Conventional coating processes are subjected to various government regulations. This is due to the fact that many of these coating applications have health and safety risks, and exposure to it caused several health problems in the workers in the paint industry such as headaches, low quality of sleep, muscle weakness, and memory issues. Also, in the anti-corrosion paint and coatings have volatile organic compounds, also known as VOC. The high pressure of the coatings allows the molecules to evaporate in the air and come in contact with the workers in close proximity, and can lead to several hazardous diseases such as cancer and other severe health problems. These are the reasons which led the government to put stringent regulations on these types of coatings, and since UV curing coatings doesn’t have all these drawbacks, the stringent regulations of government are strongly supporting the growth of the UV curing market in the coatings segment.
Many adhesives that are used for the bonding & assembling process in the industrial segment release volatile organic compounds. Therefore, the government in the respected countries have put regulations on the emission of the VOC content. For instance, the United States Environmental Protection Agency (EPA) has approved Clean Air Act section 183(e) for those categories of products that release more than 80% of the VOC emission. Several industrial adhesives have been added in the updated list of the act. In Hong Kong, the government reached a consensus in April 2002 to reduce the regional emission of four major products that included NOx, RSPs, sulphur dioxide, and VOCs by 20%, 55%, 40%, and 55% by 2010 and still continuing to reduce the emissions under the act.
Since the UV curing method includes the reduction in the emission of the volatile organic compounds, therefore it is preferred by majority of applications for the curing method over the traditional curing methods.
Few of the important market initiatives from the industry are mentioned below:
In 2022 – Heraeus Noblelight launched infrared and UV technology for future-proof coating solutions at the PaintExpo trade fair in Karlsruhe in April – Europe
In 2021 – Excelitas Technologies Corp. recently launched its next-generation spot UV curing system, the OmniCure S2000 Elite – North America
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