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UV Curing System Market by Technology (Mercury Lamp (Microwave Lamp, Arc Lamp) and UV LED), Type (Spot Cure, Flood Cure, and Focused Beam), Pressure (High, Medium, and Low), Application, End-User Industry, and Geography - Global Forecast to 2024


Product Code : MNMSE00106945
Survey : MarketsandMarkets
Publish On : 20, May, 2022
Category : Semiconductor and Electronics
Study Area : Global
Report format : PDF
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[Report Description]

The 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 ones are among major driving factors for UV curing system market

The UV curing system market is expected to reach USD 6.1 billion by 2024 from USD 3.7 billion in 2019, at a CAGR of 10.3%. This growth can be attributed to the 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. Factors restraining the growth of the UV curing system market are the limited depth of cure.

Mercury lamp to hold the larger market share during the forecast period in UV curing system market
The UV curing system market for mercury lamps is expected to hold a larger market share during the forecast period. 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. Further, increasing government efforts, especially in the US and European countries to implement eco-friendly curing technologies, are encouraging industries to adopt UV curing systems.

UV flood curing system to grow at the highest share during the forecast period in UV curing system market
The market for UV flood curing systems is expected to grow at the highest CAGR during the forecast period. A UV flood curing system is designed to cure a large area or multiple assemblies at the same time, making it an ideal system for applications such as curing adhesives, sealants, and coatings.

Bonding & assembling application to hold the largest share of UV curing system market during the forecast period
The bonding & assembling application is expected to hold the largest share of the global UV curing system market during the forecast period. UV curing systems in the bonding & assembling application are used to bond or stick materials, such as glass, plastic, and metals which are required typically in industries, such as semiconductor and consumer electronics. The demand for UV curing systems for bonding & assembling is increasing because of their fast, flexible, and eco-friendly curing methods.

North America to be the largest shareholder, whereas RoW to register the highest CAGR during the forecast period
North America is expected to account for the largest share of the global UV curing system market during the forecast period, owing to the presence of key UV curing system manufacturers, such as Dymax, Phoeseon, and Baldwin Technology. The UV curing system market in RoW is expected to grow at the highest CAGR during the forecast period. The Middle East accounted for a substantial share of the UV curing system market in ROW.

Increasing awareness regarding the benefits of the technology is fueling the growth of the UV curing market in RoW.
The breakup of primaries conducted during the study is depicted below:
By Company Type: Tier 1 = 55%, Tier 2 = 20%, and Tier 3 = 25%
By Designation: C-Level Executives = 75% and Directors = 25%
By Region: North America = 10%, Europe = 20%, APAC = 40%, and RoW = 30%

Players in the UV curing system market include Baldwin Technology (US), Dymax (US), Nordson (US), Panasonic (Japan), Excelitas (US), Heraeus (Germany), Phoseon (US), Honle (Germany), Delo (Germany), Ist Metz (US), American Ultraviolet (US), Omron (Japan), Uvitron (US), Atlantic Zeiser (Germany), Benford (UK), Gew (EC) (UK), Hanovia (UK), Miltec (US), Thorlabs (US), and Hoya (Japan).

Factors such as high-growth prospects of UV curing technology in new applications and high acceptance of UV curing with the rapid development of bio-based products and resins are expected to generate opportunities for players in the UV curing system market.

Research Coverage
• Illustrative segmentation, analysis, and forecast for the market based on technology, pressure type, type, application, end-user, and geography have been conducted to offer an overall view of the UV curing system market.
• Major drivers, restraints, opportunities, and challenges of the UV curing system market have been detailed in the report.
• Opportunities in the market have been defined for stakeholders, along with the details of the competitive landscape for market leaders.
• Strategic profiling of key players in the UV curing system market has been included in the study, and the players have been ranked, along with their core competencies comprehensively analyzed.
• The study also covers the competitive leadership mapping for 25 players in the UV curing system market.

Reasons to Buy This Report
The report would help leaders/new entrants in the UV curing system market in the following ways:
1. This report segments the UV curing system market comprehensively and provides the closest market size estimations for segments across regions.
2. The report will help stakeholders understand the pulse of the market and provide them information on key drivers, restraints, challenges, and opportunities governing market growth.
3. This report will help stakeholders understand their competitors better and gain insights to improve their position in the business. The competitive landscape section includes the competitor ecosystem, and growth strategies such as product launches, acquisitions, expansions, agreements, and collaborations.

TABLE OF CONTENTS

1 INTRODUCTION 17
1.1 STUDY OBJECTIVES 17
1.2 MARKET DEFINITION 17
1.3 STUDY SCOPE 18
1.3.1 MARKETS COVERED 18
1.3.2 GEOGRAPHIC SCOPE 18
1.3.3 YEARS CONSIDERED 19
1.4 CURRENCY 19
1.5 LIMITATIONS 19
1.6 MARKET STAKEHOLDERS 19
2 RESEARCH METHODOLOGY 20
2.1 RESEARCH DATA 20
2.1.1 SECONDARY DATA 21
2.1.1.1 List of major secondary sources 21
2.1.1.2 Key data from secondary sources 21
2.1.2 PRIMARY DATA 22
2.1.2.1 Primary interviews with experts 22
2.1.2.2 Key data from primary sources 23
2.1.2.3 Key industry insights 23
2.1.2.4 Breakdown of primaries 24
2.1.3 SECONDARY AND PRIMARY RESEARCH 24
2.2 MARKET SIZE ESTIMATION 25
2.2.1 BOTTOM-UP APPROACH 26
2.2.1.1 Approach for capturing the market share by bottom-up analysis (demand side) 26
2.2.2 TOP-DOWN APPROACH 27
2.2.2.1 Approach for capturing the market share by top-down analysis (supply side) 27
2.3 MARKET RANKING ESTIMATION 28
2.4 MARKET BREAKDOWN AND DATA TRIANGULATION 28
2.5 RESEARCH ASSUMPTIONS 29
3 EXECUTIVE SUMMARY 30
4 PREMIUM INSIGHTS 35
4.1 ATTRACTIVE OPPORTUNITIES IN UV CURING SYSTEM MARKET 35
4.2 UV CURING SYSTEM MARKET, BY TYPE 35
4.3 UV CURING SYSTEM MARKET IN APAC, BY APPLICATION AND COUNTRY 36
4.4 UV CURING SYSTEM MARKET, BY APPLICATION 37
4.5 UV CURING SYSTEM MARKET, BY REGION 37
4.6 COUNTRY-WISE ANALYSIS OF UV CURING SYSTEM MARKET 38
5 MARKET OVERVIEW 39
5.1 INTRODUCTION 39
5.2 MARKET DYNAMICS 39
5.2.1 DRIVERS 40
5.2.1.1 Inclination toward environmentally friendly products, along with stringent regulations regarding use of green products 40
5.2.1.2 High performance and increased speed of UV curing systems than that of traditional curing systems 40
5.2.2 RESTRAINT 41
5.2.2.1 Limited depth of curing 41
5.2.3 OPPORTUNITIES 42
5.2.3.1 High-growth prospects of UV curing technology in new applications 42
5.2.3.2 High acceptance of UV curing with rapid development of bio-based products and resins 42
5.2.4 CHALLENGES 43
5.2.4.1 Risks related to hazardous effects of mercury present in UV mercury lamps 43
5.3 VALUE CHAIN ANALYSIS 44
6 UV CURING SYSTEM MARKET, BY TECHNOLOGY 45
6.1 INTRODUCTION 46
6.2 MERCURY LAMPS 48
6.2.1 MICROWAVE LAMPS 49
6.2.1.1 No requirement of restriking operation drives the demand 49
6.2.2 ARC LAMPS 50
6.2.2.1 Capability of curing large length drives demand for ARC lamps 50
6.3 UV LED LAMPS 51
6.3.1 UV LED LAMPS TO GROW AT THE HIGHER RATE DURING THE FORECAST PERIOD 51
7 UV CURING SYSTEM MARKET, BY PRESSURE TYPE 52
7.1 INTRODUCTION 53
7.2 HIGH 54
7.2.1 GROWING ADOPTION BY COMMERCIAL APPLICATIONS TO BOOST DEMAND 54
7.3 MEDIUM 55
7.3.1 GROWING APPLICATIONS IN FOOD & BEVERAGES, MEDICAL, ELECTRONICS, SEMICONDUCTOR, AND PHARMACEUTICALS INDUSTRIES GENERATING DEMAND 55

7.4 LOW 56
7.4.1 LESS INITIAL EQUIPMENT AND REPLACEMENT COST DRIVES MARKET GROWTH 56
8 UV CURING SYSTEM MARKET, BY TYPE 58
8.1 INTRODUCTION 59
8.2 SPOT CURE 60
8.2.1 LESS EXTERNAL SHIELDING REQUIREMENT DRIVES DEMAND FOR
UV SPOT CURING SYSTEMS 60
8.3 FLOOD CURE 61
8.3.1 GROWING ADOPTION BY INDUSTRIAL APPLICATIONS DRIVES DEMAND FOR UV FLOOD CURING SYSTEMS 61
8.4 FOCUSED BEAM 63
8.4.1 ABILITY TO CURE SMALL AREA AT SHORT EXPOSURE TIME BOOSTS DEMAND FOR FOCUSED-BEAM UV CURING SYSTEMS 63
9 UV CURING SYSTEM MARKET, BY APPLICATION 64
9.1 INTRODUCTION 65
9.2 PRINTING 66
9.2.1 PRINTING APPLICATION TO GROW AT THE HIGHEST RATE DURING THE FORECAST PERIOD 66
9.3 BONDING AND ASSEMBLING 68
9.3.1 BONDING AND ASSEMBLING APPLICATION TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD 68
9.4 COATING AND FINISHING 69
9.4.1 FINE QUALITY AND HIGH LONGEVITY OF UV CURING SOLUTIONS DRIVE MARKET 69
9.5 DISINFECTION 71
9.5.1 COST-EFFICIENCY AND FAVORABLE GOVERNMENT INITIATIVE FOR
UV DISINFECTION EQUIPMENT DRIVE MARKET GROWTH 71
9.6 OTHERS 72
10 UV CURING SYSTEM MARKET, BY END USER 74
10.1 INTRODUCTION 75
10.2 AEROSPACE AND DEFENSE 76
10.2.1 WEAPON COATING 78
10.2.1.1 Reduced drying time and cost of curing and drying weapons generated demand 78
10.2.2 AIRCRAFT 78
10.2.2.1 High demand for reducing paint process flow time in airctaft drive market growth 78
10.3 AUTOMOTIVE AND TRANSPORTATION 78
10.3.1 DECORATING INTERIOR VEHICLE ASSEMBLIES 79
10.3.1.1 Faster throughput and less downtime makes UV curing system highly suitable 79
10.3.2 RADIOS, MUSIC SYSTEMS, AND NAVIGATION CONSOLES 79
10.3.2.1 Growing need for coating and finishing in automotive boosts demand 79
10.3.3 WIRE HARNESSES AND CABLES 79
10.3.3.1 Enhancement in protection and abrasion resistance through
UV curing solutions drives the market 79
10.3.4 PRINTING UNIQUE IDENTITY CARDS, LOGOS, AND MARKINGS ON GLASS 80
10.3.4.1 High demand for printing inks in automotive and transportation boost the market 80
10.3.5 COATINGS FOR MIRRORS, HEADLIGHTS, TAIL LIGHTS, REFLECTORS,
AND LENSES 80
10.3.5.1 UV curing system holds substantial share pertaining to coating in automotive and transportation 80
10.4 CONSTRUCTION AND ARCHITECTURE 80
10.4.1 FILLING CRACKS AND SEALING JOINTS 81
10.4.1.1 High use for curing internal and external cracks and joints drives market in this segment 81
10.4.2 SEALANTS AND ADHESIVES FOR HIGHWAYS, RUNWAYS, TUNNELS, SIDEWALKS, PARKING DECKS, COMMERCIAL BUILDINGS, AND CONSTRUCTION PROJECTS 81
10.4.2.1 Strong bonding to most substrates makes UV curing ideal for construction projects 81
10.5 SEMICONDUCTOR 82
10.5.1 WAFER PROCESSING 83
10.5.1.1 UV curing solutions largely used for wafer processing in semiconductor industry 83
10.5.2 PRINTED CIRCUIT BOARDS 83
10.5.2.1 UV curing systems used in bonding and coating processes of printed circuit boards 83
10.5.3 ELECTRONICS ASSEMBLY 83
10.5.3.1 High speed and minimal work makes UV curing highly suitable for electronic assembly 83
10.6 ENERGY 84
10.6.1 OIL AND GAS PIPELINES (INTERNAL COATINGS AND EXTERNAL COATINGS) 85
10.6.1.1 UV curing technologies extensively used to coat oil and gas pipelines in energy sector 85
10.7 INDUSTRIAL AND MACHINERY 85
10.7.1 MACHINERY (FARM, WOODWORKING, INDUSTRIAL, OFFICE, AND AUTOMATIC VENDING) 86
10.7.1.1 UV curing system for coating machinery is gaining high importance in industrial sector 86
10.7.2 EQUIPMENT (PRINT LABEL AND PACKAGING) 86
10.7.2.1 UV curing technologies are preferred for print label and packaging 86
10.8 MARINE 87
10.8.1 WATER LINES 88
10.8.1.1 UV curing system offers strong bonding solution against harsh environmental conditions 88
10.8.2 BARGES 88
10.8.2.1 UV curing systems are used for barges painting and drying 88
10.8.3 CANAL BOATS 88
10.8.3.1 UV curing is an ideal solution to insulate and prevent corrosion in canal boats 88
10.8.4 YACHTS 88
10.8.4.1 UV curing technologies are used in Yachts to thicken the outer/
inner layers and provide resistance 88
10.9 MEDICAL 89
10.9.1 EQUIPMENT (CATHETERS, NEEDLE BONDERS, ANESTHESIA MASKS, RESERVOIRS, AND TUBE SETS) 90
10.9.1.1 Capability to dispense adhesive consistently in less time boost the demand 90
10.9.2 MEDICAL ELECTRONICS ASSEMBLY 90
10.9.2.1 UV spot cure and UV LED flood cure are used for medical electronics assembly 90
10.10 CONSUMER ELECTRONICS 90
10.10.1 COATINGS ON PLASTIC PARTS OF ELECTRONICS (MOBILE PHONES, TELEVISIONS, LAPTOPS) 91
10.10.1.1 UV curing technologies provide shiny and smooth surface to plastic parts of electronics 91
10.10.2 DISPLAYS OF ELECTRONIC DEVICES 91
10.10.2.1 UV curing is deployed before assembling displays of electronics devices 91
10.11 OTHERS (AGRICULTURE AND FILTRATION (AIR AND WATER)) 92
11 GEOGRAPHIC ANALYSIS 93
11.1 INTRODUCTION 94
11.2 NORTH AMERICA 95
11.2.1 US 97
11.2.1.1 US expected to account for largest share of UV curing system market in North America throughout the forecast period 97
11.2.2 CANADA 97
11.2.2.1 Canadian UV curing system market is likely to grow at significant CAGR during forecast period 97
11.2.3 MEXICO 97
11.2.3.1 Mexico to witness highest CAGR in North American UV curing system market 97
11.3 EUROPE 98
11.3.1 GERMANY 100
11.3.1.1 Deployment in diverse industries and presence of major manufacturers to boost demand for UV curing systems 100
11.3.2 FRANCE 100
11.3.2.1 Government mandates to follow safety standards drive adoption of UV curing systems in country 100

11.3.3 UK 100
11.3.3.1 High demand from transportation sector drives market growth in UK 100
11.3.4 NETHERLANDS 101
11.3.4.1 Growing industrialization in country drives market growth 101
11.3.5 REST OF EUROPE 101
11.4 APAC 102
11.4.1 CHINA 104
11.4.1.1 Growing manufacturing industry in China boosts demand for
UV curing systems 104
11.4.2 JAPAN 104
11.4.2.1 Increasing R&D activities of associations in Japan drive market growth 104
11.4.3 SOUTH KOREA 104
11.4.3.1 Growing electronics industry and rising implementation of strict emission norms propel market growth in South Korea 104
11.4.4 INDIA 105
11.4.4.1 Rising need for high-performance products increases demand for
UV curing in India 105
11.4.5 REST OF APAC 105
11.5 REST OF THE WORLD 106
11.5.1 SOUTH AMERICA 108
11.5.1.1 Less awareness regarding UV curing technology hinders market growth 108
11.5.2 MIDDLE EAST & AFRICA 108
11.5.2.1 High adoption of UV curing systems boosts market growth in regions 108
12 COMPETITIVE LANDSCAPE 109
12.1 OVERVIEW 109
12.2 MARKET RANKING ANALYSIS 110
12.3 COMPETITIVE LEADERSHIP MAPPING 111
12.3.1 VISIONARY LEADERS 111
12.3.2 DYNAMIC DIFFERENTIATORS 111
12.3.3 INNOVATORS 111
12.3.4 EMERGING COMPANIES 111
12.4 BUSINESS STRATEGY EXCELLENCE (FOR 25 PLAYERS) 113
12.5 STRENGTH OF PRODUCT PORTFOLIO (FOR 25 PLAYERS) 114
12.6 COMPETITIVE SCENARIO 115
12.6.1 PRODUCT LAUNCHES 115
12.6.2 ACQUISITIONS AND EXPANSIONS 116
12.6.3 AGREEMENTS AND COLLABORATIONS 117

13 COMPANY PROFILES 118
13.1 INTRODUCTION 118
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
13.2 KEY PLAYERS 119
13.2.1 DYMAX 119
13.2.2 NORDSON 122
13.2.3 BALDWIN TECHNOLOGY 125
13.2.4 HERAEUS 127
13.2.5 PHOSEON 130
13.2.6 HONLE 133
13.2.7 PANASONIC CORPORATION OF NORTH AMERICA 135
13.2.8 DELO 137
13.2.9 IST METZ 138
13.2.10 AMERICAN ULTRAVIOLET 139
13.3 OTHER KEY PLAYERS 141
13.3.1 OMRON 141
13.3.2 EXCELITAS 141
13.3.3 UVITRON 142
13.3.4 ATLANTIC ZEISER 142
13.3.5 BENFORD UV 142
13.3.6 GEW (EC) 143
13.3.7 HANOVIA 143
13.3.8 MILTEC UV 144
13.3.9 THORLABS 144
13.3.10 HOYA 144
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
14 APPENDIX 145
14.1 DISCUSSION GUIDE 145
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 148
14.3 AVAILABLE CUSTOMIZATIONS 150
14.4 RELATED REPORTS 150
14.5 AUTHOR DETAILS 151

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