ultraviolet curing system market

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2022
Surging Automobile Manufacturing Fuelling UV
Curing System Market Growth
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The ultraviolet curing system market was valued
at 1.4 billion in 2018, and it is predicted to
surge to 2.4 billion by 2024. According to the
estimates of the market research company, PS
Intelligence, the market will demonstrate a CAGR
of 8.8 from 2019 to 2024 (forecast period). The
market is being propelled by surging requirement
for consumer electronics, automobiles, and
healthcare devices across the world. Besides, the
soaring use of UV curing technologies for various
packaging applications is also fueling the
expansion of the market. Rapid urbanization,
growing disposable income of people, expanding
e-commerce industry, and mushrooming population
have fueled the progress of the food and
beverages (FB) industry all over the world.
Further, packaging is a crucial factor in this
industry as it is required for maintaining the
quality of foods and beverages. As per the
European Commission report A European Strategy
for Plastics in a Circular Economy, in 2017, more
than 95 of the food sold in the European
countries was packaged. Request for sample copy
of this report https//www.psmarketresearch.com/m
arket-analysis/uv-curing-system-market/report-samp
le Apart from the above-mentioned factor, the
growing use of UV curing systems in various
furniture production units is also propelling the
advancement of the UV curing system market. These
systems are being increasingly used to cure the
coatings on various substrates, such as wood, for
quick drying and high-quality finishing, thereby
resulting in improved productivity. Additionally,
UV-cured coatings protect substrates from
external agents, such as accidental chemical
spills, corrosion, and moisture.
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Due to these characteristics, these systems are
being increasingly used in manufacturing
facilities. Depending on type, the UV curing
system market is divided into conveyor curing,
spot curing, flood curing, and hand-held curing
categories. Out of these, the conveyor curing
category contributed the highest revenue to the
market in the past. Moreover, this category is
expected to register the fastest growth in the
market in the forthcoming years as well. Conveyor
curing provides uniform ink curing, as the
conveyors constant speed ensures that each
component is cured for the same amount of time.
This subsequently facilitates mass production and
augments the throughput. When technology is
taken into consideration, the UV curing system
market is categorized into UV LED and
conventional UV. Between these, the conventional
UV category contributed higher revenue to the
market in the past. Conventional UV offers
several advantages, such as the ability to easily
cure different types of substrates and develop
several UV bandwidths for deeper-level curing.
These factors are driving the use of this
technology in the FB sector, wherein it is
heavily used for packaging applications. Browse
full report at https//www.psmarketresearch.com/m
arket-analysis/uv-curing-system-market Geographic
ally, the Asia-Pacific (APAC) region dominated
the industry during the last few years. This was
because of the existence of several electronics
and automotive manufacturing organizations,
especially in countries, such as South Korea,
Japan, India, and China. Moreover, APAC is
predicted to be the fastest-growing region in the
market in the coming years. In APAC, India is
expected to be the fastest-growing country in the
UV curing system market in the upcoming years, on
account of the booming electronics industry in
the country. As per the India Brand Equity
Foundation (IBEF), the value of the Indian
electronics industry will surge from 100 billion
in 2016 to 400 billion by 2020. Hence, it can
be said without hesitation that the demand for UV
curing systems will surge sharply in the coming
years, primarily because of the booming
automotive, electronics, and packaging industries
across the world.
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Market Segmentation

• By Type
• Spot Curing
• Flood Curing
• Hand-Held Curing
• Conveyor Curing
• By Technology
• Conventional Ultraviolet (UV)
• Ultraviolet Light-Emitting Diode (UV LED)
• Others (Mercury Lamp and Microwave Lamp)
• By Pressure
• Low
• Medium
• High
• By Application
• Printing
• Coating
• Adhesive

• By End User
• Aerospace and Defense
• Industrial Manufacturing
• Electronics
• Automotive
• Healthcare
• Others (Water Treatment Plants, Food and
  Beverages, Media and Entertainment, Oil and Gas,
  and Agriculture)
• By Geography
• North America UV Curing System Market
• Europe UV Curing System Market
• Asia-Pacific (APAC) UV Curing System Market
• Latin America (LATAM) UV Curing System Market
• Middle-East Africa (MEA) UV Curing System
  Market
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