The UV curing system market is expected to grow from USD 3.7 billion in 2019 to USD 6.1 billion by 2024, at a CAGR of 10.3%. Factors such as an inclination toward environmentally friendly products, along with stringent regulations regarding the use of green products, and high performance & increased speed of UV curing systems than that of traditional curing systems are driving the growth of the UV curing system market.
By technology, the UV curing system market is segmented into mercury lamp, and UV LED, where the former segment has been segmented further into microwave lamp and arc lamp; and UV LED. The market for mercury lamps is expected to account for the largest share in 2019. Mercury-based UV lamps have been extensively adopted for industrial and printing applications owing to the technological advancements and reduction in manufacturing time compared to traditional curing methods. The market for UV LED is expected to grow at the highest CAGR during the forecast period.
By pressure type, the UV curing system market is segmented into high, medium, and low. The market for high-pressure UV curing system is expected to account for the largest share of the UV curing system market during the forecast period. This is owing to its high-intensity wavelength (360–440 nm), used to cure deep layer in high revenue generating industries, such as automotive, industrial, and consumer electronics in the UV curing system market.
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By type, the UV curing system market is segmented into spot cure, flood cure, and focused beam. The UV curing system market for the spot cure type is expected to account for the largest share of the UV curing system market, during the forecast period. UV spot curing systems are used in assembly and manufacturing processes for a range of industrial applications and processes to polymerize adhesives. Spot curing system uses low-intensity light, which is well suited for electronic components and plastic parts.
By application, the UV curing system market is segmented into printing, bonding and assembling, coating and finishing, disinfection, and others, which include potting, temporary masking, and sealing. The bonding and assembling application is expected to account for the largest share of the overall UV curing system market in 2019. UV curing systems in the bonding and assembling application are used to bond or stick materials, such as glass, plastic, and metals in industries, such as semiconductor and consumer electronics.
By end-user, the UV curing system market is segmented into aerospace & defense, automotive & transportation, construction & architecture, semiconductor, energy, industrial & machinery, marine, medical, consumer electronics, and others which include agriculture and filtration (water & air). The UV curing system market for the medical end-user segment is expected to account for the largest share of the overall UV curing system market in 2019. Medical device manufacturers across the world are using UV curing technologies in their manufacturing process owing to their benefits, such as a reduction in friction between electronic medical devices, uniform adhesion and surface coverage, and coating homogeneity. By region, the UV curing system market is classified into North America, Europe, APAC, and RoW. North America is expected to hold the largest share of the global UV curing system market during the forecast period. North America is the largest market for UV curing technologies owing to the presence of key UV curing system manufacturers, such as Dymax, Phoeseon, and Baldwin Technology.