Global UV Curing System Market

Global UV Curing System Market is expected to reach USD 6.57 billions in 2024 from USD 3.24 billions in 2016 at a CAGR 10.63 %. This market has a huge potential in end-user products like medicine, consumer electronics, automotive and transportation, and industrial and machinery. Major factors driving the Global UV Curing System Market are environmental awareness and stringent regulation, and quick curing and better performance compared to traditional curing systems. The growing market of Global UV Curing System Market in consumer electronics is one of the major trends that will fuel the growth of UV curing equipment market. UV Curing Systems for bonding and assembling applications had the largest share of the Global UV Curing System Market in 2017. 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 increasing demand for Global UV Curing System Market for bonding and assembling is because 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 expected to fuel the demand for Global UV Curing System Market in bonding and assembling the application. Mercury lamp held the largest share of Global UV Curing System Marketing 2017. Mercury-based UV lamps have largely been adopted for industrial and printing applications, owing to the technology advancement and reduction in manufacturing time compared to traditional curing method. Furthermore, increasing government efforts, especially in the US and European countries, to implement environment-friendly curing technologies are encouraging industries to adopt Global UV Curing System Market. Currently, North America is the largest market for UV curing technologies owing to the presence of key Global UV Curing System Market manufacturers such as Dymax, Phoeseon, and Baldwin Technology. Stringent regulatory framework by agencies such as Environment Protection Agency (EPA) and American Industrial Hygiene Association (AIHA) is playing a key role in the monitoring and commercialization of Global UV Curing System Market technology. The major players of this market areas Dymax (US), Nordson (US), Baldwin Technology (US), Heraeus (Germany), Phoseon (US), Honle (Germany), Panasonic Corporation of North America (US), Delo (Germany), IST METZ (US), and American Ultraviolet (US).

Research Methodology The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get the unbiased idea of the market. This exercise was done at the country level to get a fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for Global UV Curing System Market.

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