Austin, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Market size & Growth Analysis:
As per the SNS Insider Report,“The UV Curing System Market was valued at USD 5.12 Billion in 2023 and is expected to reach USD 23.47 Billion by 2032, growing at a CAGR of 18.50% over the forecast period 2024-2032.”
UV curing systems are used in the automotive industry for critical applications such as coating and bonding components among other end-user industries. The automotive coatings segment experienced more than 10% growth in organic sales year-on-year, sustained by increased selling prices across all regions and volume increases in the U.S. and Latin America during 2024. UV-cured coatings provide incredible durability and scratch resistance, characteristics important for automotive finishes. In addition, the speed of curing when it comes to UV tech means faster production cycles, which in turn can increase overall productivity for manufacturers. The automotive sector will also keep evolving by implementing lightweight materials and advanced coatings, which in turn is likely to complement a growing demand for UV curing systems.
The increasing need for top-notch finishes and enhanced longevity in final products is fueling advancements in UV curing systems. Businesses are dedicating resources to research and development in order to improve the effectiveness of UV curing technology, resulting in the creation of more advanced systems with increased efficiency and flexibility. Moreover, the increasing shift towards automation and Industry 4.0 is driving the uptake of UV curing systems in manufacturing processes.
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Dominant Market Players with their Product Listed in this Report are:
- Honle AG (Honle UV-LED Curing Systems, Honle LAMP Curing Systems)
- Phoseon Technology (FireJet FJ200, FireJet FJ100)
- UV Process Supply (UV Curing Equipment, UV Adhesives)
- Excelitas Technologies (SPECTRA UV LED Modules, OmniCure Series)
- GEW (EC) Limited (GEW UV LED Curing Systems, GEW Arc Curing Systems)
- American Ultraviolet Company (Cure UV LED Systems, AUV Series UV Lamps)
- Nordson Corporation (BlueMax II UV Curing System, UV Curing Conveyor)
- Allied Electronics (UV Curing Systems, UV Light Sources)
- LightSources, Inc. (Lamps for UV Curing, Custom UV Solutions)
- Miraclean (UV Curing Equipment, UV Coatings)
- Elekta (UV Light Units, UV Curing Machines)
- Dymax Corporation (Dymax UV Curing Adhesives, Dymax UV Lamps)
- Omni International (UV Cure Systems, UV Light Units)
- Aremco Products (UV Curing Adhesives, UV Curing Equipment)
- Photonics Group (LED Curing Systems, UV Coating Systems)
- Hammond Manufacturing (Hammond UV Curing Equipment, UV Light Fixtures)
- Sika AG (Sika UV Curing Adhesives, Sika UV Coatings)
- Ultraviolet Devices, Inc. (UVDI UV Curing Systems, UVDI UV Light Sources)
- Sculpteo (UV Curing Services, UV Resin Products)
- Violet Defense (Violet Defense UV Systems, Portable UV Disinfection Units)
"Comprehensive Segment Breakdown Highlights Emerging Opportunities in the Market"
- By Technology: In 2023, the UV LED segment dominated the UV curing system market with more than 55% market share due to energy efficiency, longer lifespan, and environment-friendly nature. Unlike conventional mercury lamps, UV LEDs generate specific wavelengths, resulting in faster curing with lower heat generation, a significant benefit for sensitive substrates. This segment is used across printing, coatings, adhesives, and other segments where precise curing is critical.
- By Type: In 2023, the spot cure segment accounted for more than 45% market share, due to its ability to deliver high-intensity UV light to pinpointed areas making material curing faster and efficient. Spot-curing directs UV light to only where it is needed for rapid curing of adhesives, coatings, and inks in a way that minimizes class waste and energy usage.
- By Application: In 2023, bonding & assembling dominated the UV curing system market with a 38% market share, due to its wide application in automotive, electronics, and construction industries. It is especially favored for the technology that can fuse disparate materials such as plastics and metals with a degree of security.
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Key Market Segments:
By Technology
- UV LEDS
- Mercury Lamps
By Type
- Spot Cure
- Flood & Focused Beam
- Conveyor
By Pressure Type
- High
- Medium
- Low
By Application
- Printing
- Bonding & Assembling
- Coating & Finishing
- Others
By Vertical
- Life Science & Medical
- Consumer Electronics
- Industrial & Machinery
- Semiconductor
- Automotive
- Aerospace & Defense
- Marine
- Energy
- Construction
- Others
"Regional Dynamics and Growth Trends in the Global Market: A Comprehensive Analysis"
North America accounted for a 35% share of the UV curing system market, in 2023 due to the presence of technological advancement. Manufacturing base and R&D are also exponentially increased between these countries by various industries which further boosts the market growth. Demand in this market is primarily due to the automotive, electronics, and packaging sectors. Furthermore, stringent VOC emission guidelines have motivated enterprises to adopt UV curing systems, offering an eco-friendly alternative.
The Asia-Pacific region is projected to witness the fastest growth in the forecast period 2024-2032, owing to the increasing number of industries and development in the manufacturing sector. Countries including China, India & Japan are leading the way in this development as progress from both automotive, electronics, and healthcare sectors begins to expand. Natural demographic trends have resulted in a greater demand for UV-cured coatings and inks, coupled with the environmentally-friendly nature of the products in focus in the region, which is driving market growth.
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Recent Developments:
| Date | Development |
| Apr-24 | Phoseon Technology launched a new high-power LED UV curing system designed for high-speed printing applications. |
| Aug-24 | Heraeus Noblelight unveiled a range of new UV lamps that improve energy efficiency and reduce operational costs for industrial applications. |
| Sep-24 | Excelitas Technologies introduced an innovative UV curing system that offers enhanced curing speed and process flexibility for various substrates. |
Future Trends:
The UV Curing System Market is anticipated to witness several future trends, including:
- Emergence of LED Technology: The shift toward LED-based UV curing systems is expected to accelerate due to their energy efficiency, longer lifespan, and reduced heat output compared to traditional mercury lamps.
- Integration with Industry 4.0: The adoption of smart manufacturing technologies, such as IoT and AI, will drive the development of more automated and efficient UV curing systems, enabling real-time monitoring and optimization of curing processes.
- Expansion into New Applications: UV curing systems are expected to penetrate new industries, including biomedical and 3D printing, driven by the need for advanced materials and high-precision manufacturing techniques.
Table of Contents - Key Points Analysis
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
5.1 Production and Sales Volumes, 2020-2032, by Region
5.2 Technology Adoption Rates, by Region
5.3 Innovation and R&D Spending, by Region
5.4 Regulatory Impact, by Region
5.5 Supply Chain Metrics
6. Competitive Landscape
7. UV Curing System Market Segmentation, by Technology
8. UV Curing System Market Segmentation, by Type
9. UV Curing System Market Segmentation, by Pressure Type
10. UV Curing System Market Segmentation, by Application
11. Regional Analysis
12. Company Profiles
13. Use Cases and Best Practices
14. Conclusion
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