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