UV Curing System Global Market Sees Growth Rate Of 14% Through 2026
23 Sep, 2022
The global UV curing system market size is expected to grow from $2.44 billion in 2021 to $2.76 billion in 2022 at a compound annual growth rate (CAGR) of 12.97%. The global UV curing systems market size is expected to grow to $4.64 billion in 2026 at a CAGR of 13.85%.
What is the Global UV Curing System Market?
The UV curing system market consists of sales of UV curing systems by entities (organizations, sole traders, and partnerships) that refer to the ultra-violet curing system which is a photochemical process that uses high-intensity ultraviolet light to instantly cure or dry inks, coatings, and adhesives. UV curing reduces reject rates, increases production speed, facilitates superior bonding, and improves scratch and solvent resistance.
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What drives the Global UV Curing System Market?
Growing environmental awareness is expected to propel the growth of the UV curing system market. The increase in awareness increases the use of UV curing systems. For instance, according to India Today, there is a growing awareness about taking actions to conserve the environment. In a survey conducted by Brainly on climate change and environmental conservation, it was found that more than half (55%) of students planned to plant more trees in the neighborhood to commemorate World Environment Day, 86% of the people replied that their school encourages them to plant more trees and reduce the use of plastic, 73% of students use online platforms to enrich their understanding of the environment and related issues. Most of the students are participating in eco-friendly activities and 58% of them are planting trees. Therefore, there is a growing awareness of environmental awareness and this drives the UV curing system market.
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https://www.thebusinessresearchcompany.com/report/uv-curing-system-global-market-reportGlobal UV Curing System Market Segments
The global UV curing system market is segmented:
By Type: Spot Cure, Flood Cure
By Technology: Mercury Lamp, Microwave Lamp, Arc Lamp, UV LED
By Pressure Type: High Pressure, Medium Pressure, Low Pressure
By Application: Printing, Bonding and Assembling, Coating and Finishing, Disinfection, Others
By End-User: Aerospace and Defense, Automotive and Transportation, Construction and Architectural, Semiconductor and Electronics, Medical, Others
By Geography: The regions covered in the UV curing system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
UV Curing System Global Market Report 2022 provides market size and growth forecasts for the global UV curing system market, global UV curing system market share, UV curing system market segments and geographies, UV curing system market competitive landscape including leading competitors’ revenues, profiles and market shares. The UV curing system market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global UV Curing System Industry Players include Dynmax Corporation, Excelitas Technologies Corp., Heraeus Noblelight America, Phoseon Technology, IST Metz GmbH, Miltec UV, GEW (EC) Limited, Baldwin Technology, DELO, American Ultraviolet, Hanovia, Omron Corporation, Benford UV, Thorlabs, Jenton International Ltd., Nordson Corporation, Nippon Gohsei, and BASF SE. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.