According to the new research report published by The Insight Partners, titled “UV Curing System Market - Global Analysis and Forecast to 2025”, the global UV curing system market is expected to reach US$ 2,409.8 Mn by 2025, registering a CAGR of 9.6% during the forecast period 2018 - 2025.
Increasing demand for the UV LED curing system over the traditional lamp based curing system is one of the major factor in the growth of the UV curing market. Furthermore, coatings and adhesives when exposed to traditional curing systems released volatile organic compounds which affected the health of the workers associated with the process as well as the environment. Therefore, strict government regulations were made in various countries regarding the emission of the volatile organic compounds. Since, using UV LED as the curing method reduced the emission of the volatile compounds, therefore, the growth of the UV curing market using LED increased in the verticals driving the growth of the market. Geographically, the market is currently dominated by Asia Pacific and Europe and the market will continue to be in favor of Asia Pacific region, owing to a large number of manufacturing plants of automotive, electronics, and other sectors, and use of the UV curing system in different applications in the respected verticals.
The top companies operating in the UV curing system market include Air Motion Systems, Inc., American Ultravoilet, Inc., Dynmax Corporation, Excelitas Technologies Corp, Hanovia Limited, Heraeus Noblelight America LLC, IST METZ GmbH, Jenton International Ltd., Nordson Corporation, and Phoseon Technology among others.
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Key Benefits:
• To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global UV Curing System Market.
• To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa)
UV Curing System Market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the UV Curing System Market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner UV Curing System Market revenue by understanding the strategic growth approaches.
The market initiative and new development was observed as the most adopted strategy in global UV curing system market. For instance, in 2018, IST METZ showcased a wide range of LED and UV systems designed for curing industrial coatings at PaintExpo in Karlsruhe. The company is presenting MBS-5 L IST METZ as well as HANDcure LED handheld unit. Similarly, Nordson introduced new xQR41V Needle Valve. This needle can be used to dispense precisely the repeatable amounts of UV-cure adhesives for the bonding module in medical applications. In 2017, American Ultraviolet announced its partnership with Magnet Group (US), for providing high-quality and American finished UVC equipment especially for healthcare market. Various other players are operating in the UV curing system market, which also focus on different strategic initiative to boost their business as well as market value.
The report is an in-depth analysis of the UV Curing System Industry. It allows the market players, investors, and interested individuals to understand the market trends and growth opportunities in the space and devise strategies for business growth. It underlines the drivers, restraints, and opportunities affecting the industry and discusses the market size and share, segmentation, and technology trends that prevail. Information about the key players operating in the market are also discussed.
Report Highlights:
– The report provides a detailed analysis on current and future market trends to identify the investment opportunities
– Market forecasts till 2027, using estimated market values as the base numbers
– Key market trends across the business segments, Regions and Countries
– Key developments and strategies observed in the market
– Market Dynamics such as Drivers, Restraints, Opportunities and other trends
– In-depth company profiles of key players and upcoming prominent players
– Growth prospects among the emerging nations through 2027
– Market opportunities and recommendations for new investments
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