Global UV Curing Systems Market
Global UV Curing Systems Market Global UV Curing Systems Market was valued at US$ 4.92 Bn in 2018, and is expected to reach US$ Bn by 2026, at a CAGR of % during forecast period.
Global UV Curing Systems Market
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The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding UV curing systems market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTERâ€™s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in UV curing systems market.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
UV curing systems is a process in which ultraviolet and visible light is used to initiate a photochemical reaction that is used to instantly dry or cure inks, adhesives or coatings. UV curing is a high speed process and a low temperature that helps in curing by polymerization rather than evaporation. It is adaptable to printing, coating, decorating and assembling of a variety of products and materials. The global UV curing systems market is anticipated to witness a significant growth rate during the forecast period owing to the increasing demand for improved quality of the finished products and for greater consistency.
The UV curing system is widely used in end-user industries such as medical, consumer electronics, automotive and transportation, and industrial and machinery. The driving factors behind the UV curing system market are environmental awareness and stringent regulation, Further, quick curing and better performance compared to traditional curing systems.
Based on the Technology, Mercury based UV lamps segment is expected to hold a dominant share of the UV Curing System market. Mercury based UV lamps are widely used for industrial and printing applications, owing to the technology advancement and reduction in manufacturing time compared to traditional curing method. In Addition, increasing government efforts, especially in the US and European countries, to implement environment-friendly curing technologies are encouraging industries to adopt UV curing systems.
Based on the type, spot cure segment held the largest share of UV curing market. UV spot curing systems are widely used in assembly and manufacturing processes for a range of processes to polymerize adhesives and industrial applications.
Based on the pressure, High pressure for UV curing systems segment is expected to hold a dominant share of the market during the forecast period owing to its high intensity wavelength used to cure deep layer in major revenue generating industries such as automotive, industrial, and consumer electronics in UV curing system market. The increasing demand for low-power high-output (LPHO) lamps will further drive the UV curing system market.
UV curing systems in bonding and assembling application is used to bond or stick materials such as glass, plastic, and metals in industries such as semiconductor and consumer electronics. The demand for UV curing systems for bonding and assembling is increasing by reason of its fast, flexible, and environment-friendly curing method. The growing demand for semiconductor devices and the increasing sales of mobile and consumer electronic devices are projected to fuel the demand for UV curing systems in bonding and assembling application.
UV curing technologies is widely used in medical device manufacturer across the globe owing to its benefits such as reduction in friction between medical electronic devices, uniform adhesion and surface coverage, and coating homogeneity. These characteristics make UV curing system an ideal solution for the medical industry.
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