UV Curing System Market to Witness the Highest Growth Globally

Research Methodology & Scope of Work
UV Curing System Market
Nov 13th, 2019
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From valuing $1.4 billion in 2018, the global ultraviolet
curing system market is projected to grow to $2.4 billion
by 2024, registering an 8.8% CAGR during the forecast period
(2019–2024).
On the basis of technology, the highest revenue share of more
than 65.0% in the UV curing system market in 2018 was
held by conventional UV.
Owing to the various advantages, such as the ability to cure
different substrates and produce a range of UV bandwidths for
deep-level curing, conventional UV witnessed the highest
demand.
These advantages of the technology were instrumental in its
wide adoption in the food & beverage industry, where it is
mainly deployed for packaging applications.
The largest share in the uv curing system market in 2018
was held by the conveyer curing type category. During the
forecast period, it is also expected to be the fastest-growing
category, among other types.
Due to its constant speed, the conveyer ensures that each
component gets cured for the same amount of time, which
results in uniform ink curing. This has been beneficial in
increasing the throughput and facilitating mass production.
Considering end users, in 2018, the largest share of the UV
curing system market was held by the automotive industry.
In the forecast period, the fastest growth is expected to be
witnessed by the electronics industry.
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