What Is The Current and Historic Market Size Analysis Of UV Curing System Market?
The uv curing system market has seen considerable growth due to a variety of factors.
• In recent years, the market size for UV curing systems has experienced swift expansion. Projections suggest that it will surge from $3.61 billion in 2024 to a noteworthy $4.13 billion in 2025, boasting a compound annual growth rate (CAGR) of 14.3%.
The historical growth is connected to a heightened emphasis on electric vehicles (EVs), a rise in the utilization of UV curing technology in 3D printing, a growing concern with light weighting, and an uptick in demand from the packaging industry.
What are the Forecasted Growth and Key Factors of the UV Curing System Market?
The uv curing system market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for a swift expansion in the UV curing system market over the coming years. The market is projected to reach $6.84 billion by 2029, growing at a compound annual growth rate (CAGR) of 13.5%.
This surge during the forecast period is driven by global population growth, urbanization, and supportive government programs. Key trends anticipated during the forecast period encompass technological advancements, concentration on microwave UV curing technology, emphasis on hybrid LED (light-emitting diode) UV retrofit systems, the introduction of new products, along with strategic alliances and collaborations.
What Key Factors and Trends are Driving the Growth of the UV Curing System Market?
The expected growth of the UV curing system market is attributed to the rising consciousness about the environment. As awareness elevates, the application of UV curing systems also increases. Taking the report of India Today into account, people are becoming more aware of the need to preserve our environment. This perspective was reflected in Brainly's survey on environmental conservation and climate change, revealing that over half (55%) of students intended to adorn their neighborhoods with more trees to mark World Environment Day. It was also gathered that 86% of respondents admitted that their schools promote tree planting and discourage the use of plastic. A significant 73% of students leverage online resources to deepen their knowledge of environmental matters and related issues. With a majority engaging in environmentally-friendly actions, and 58% of them proactively planting trees, it's evident that environmental consciousness is on the rise. This trend consequently fuels the growth of the UV curing system market.
How Is the UV Curing System Market segmented?
The UV curing system market covered in this report is segmented –
1) By Type: Spot Cure, Flood Cure
2) By Technology: Mercury Lamp, Microwave Lamp, Arc Lamp, UV Led.
3) By Pressure Type: High Pressure, Medium Pressure, Low Pressure.
4) By Application: Printing, Bonding And Assembling, Coating And Finishing, Disinfection, Other Applications
5) By End-User: Aerospace And Défense, Automotive And Transportation, Construction And Architectural, Semiconductor And Electronics, Medical, Other End-User
Subsegments:
1) By Spot Cure: Handheld Spot Curing Systems, Automated Spot Curing Systems
2) By Flood Cure: Conveyorized Flood Curing Systems, Fixed Flood Curing Systems
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What New Trends Are Influencing the UV Curing System
Large firms in the UV curing system market are concentrating on the innovation of UV LED curing system to improve energy efficiency and decrease curing times and operational costs while enhancing the quality of adhesion and finish. UV LED curing systems are modern curing technologies that employ ultraviolet light from light-emitting diodes (LEDs) to polymerize or cure various materials such as inks, coatings, adhesives. For example, in October 2024, Excelitas Technologies, an American firm that provides UV curing systems, introduced a new iteration of Phoseon UV LED curing systems specifically for fiber applications. The advanced systems offer superior performance and energy efficiency, which makes them suitable for numerous industrial processes. The improved offerings boast an enhanced optical design and elevated output power facilitating faster curing times and increased production flexibility. These systems are also compact, making integration into existing manufacturing configurations easy. Excelitas aims to meet the rising demand for UV LED technology in the fiber industry, underlining the importance of sustainability and cost-effective operations.
Who Are the Key Players in the UV Curing System Market?
Major companies operating in the UV curing system market include:
• Heraeus Holding
• Panasonic Holdings Corporation
• Kyocera Corporation
• Omron Corporation
• Dr. Hönle AG
• Excelitas Technologies
• IST METZ GmbH & Co. KG
• Dymax
• Miltec UV
• Baldwin Technology
• Rathi UV Curing Chambers
• Guangdong Haohui New Materials Co Ltd
• SaoSA Technology Co Ltd
• Dongguan Kongshi Technology Co Ltd
• Shenzhen Zhengdasheng Chemical Co Ltd
• Nanxiong Ketian Chemical Co Ltd
• Phoseon Technology
• Nordson Corporation
• Air Motion Systems Inc
• Heidelberg-Cis
• Sun Chemical
• American Ultraviolet Co
• Specialty Coating Systems
• Ellsworth Adhesives
• Rexcel Coatings Corp
• Hanovia-uv
• Jelight Company Inc.
• Solar Light Company Inc
• Uvitron International
• RadTech South Africa
What Is The Most Dominant Region In The UV Curing System Market?
North America was the largest region in the UV curing system market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the UV curing system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
