ultraviolet (UV) curing system market

Surging Automobile Manufacturing
Fuelling UV Curing System Market
Growth
© Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved
1

The ultraviolet curing system market was valued at $1.4 billion in 2018, and it
is predicted to surge to $2.4 billion by 2024. According to the estimates of the
market research company, P&S Intelligence, the market will demonstrate a CAGR
of 8.8% from 2019 to 2024 (forecast period). The market is being propelled by
surging requirement for consumer electronics, automobiles, and healthcare
devices across the world. Besides, the soaring use of UV curing technologies for
various packaging applications is also fueling the expansion of the market.
Rapid urbanization, growing disposable income of people, expanding e-commerce
industry, and mushrooming population have fueled the progress of the food and
beverages (F&B) industry all over the world. Further, packaging is a crucial factor
in this industry as it is required for maintaining the quality of foods and
beverages. As per the European Commission report A European Strategy for
Plastics in a Circular Economy, in 2017, more than 95% of the food sold in the
European countries was packaged.
Request for sample copy of this report:
https://www.psmarketresearch.com/market-analysis/uv-curingsystem-market/report-sample
Apart from the above-mentioned factor, the growing use of UV curing systems in
various furniture production units is also propelling the advancement of the UV
curing system market. These systems are being increasingly used to cure the
coatings on various substrates, such as wood, for quick drying and high-quality
finishing, thereby resulting in improved productivity. Additionally, UV -cured
coatings protect substrates from external agents, such as accidental chemical
spills, corrosion, and moisture.
Due to these characteristics, these systems are being increasingly used in
manufacturing facilities. Depending on type, the UV curing system market is
divided into conveyor curing, spot curing, flood curing, and hand-held curing
categories. Out of these, the conveyor curing category contributed the highest
revenue to the market in the past. Moreover, this category is expected to register
the fastest growth in the market in the forthcoming years as well. Conveyor curing
provides uniform ink curing, as the conveyor’s constant speed ensures that each
© Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved
2

component is cured for the same amount of time. This subsequently facilitates
mass production and augments the throughput.
When technology is taken into consideration, the UV curing system market is
categorized into UV LED and conventional UV. Between these, the conventional
UV category contributed higher revenue to the market in the past. Conventional
UV offers several advantages, such as the ability to easily cure different types of
substrates and develop several UV bandwidths for deeper-level curing. These
factors are driving the use of this technology in the F&B sector, wherein it is
heavily used for packaging applications.
Browse full report at: https://www.psmarketresearch.com/marketanalysis/uv-curing-system-market
Geographically, the Asia-Pacific (APAC) region dominated the industry during
the last few years. This was because of the existence of several electronics and
automotive manufacturing organizations, especially in countries, such as South
Korea, Japan, India, and China. Moreover, APAC is predicted to be the fastestgrowing
region in the market in the coming years. In APAC, India is expected to
be the fastest-growing country in the UV curing system market in the upcoming
years, on account of the booming electronics industry in the country. As per the
India Brand Equity Foundation (IBEF), the value of the Indian electronics
industry will surge from $100 billion in 2016 to $400 billion by 2020.
Hence, it can be said without hesitation that the demand for UV curing systems
will surge sharply in the coming years, primarily because of the booming
automotive, electronics, and packaging industries across the world.
Market Size Breakdown by Segment
By Type
Spot Curing
Flood Curing
Hand-Held Curing
Conveyor Curing
By Technology
Conventional Ultraviolet (UV)
© Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved
3

Ultraviolet Light-Emitting Diode (UV LED)
Others (Mercury Lamp and Microwave Lamp)
By Pressure
Low
Medium
High
By Application
Printing
Coating
Adhesive
Others (Water Disinfection, Substrate Assembling, and Finishing)
By End User
Aerospace and Defense
Industrial Manufacturing
Electronics
Automotive
Healthcare
Others (Water Treatment Plants, Food and Beverages, Media and
Entertainment, Oil and Gas, and Agriculture)
By Geography
North America UV Curing System Market
o By type
o By technology
o By pressure
o By application
o By end user
o By country – U.S., and Canada
Europe UV Curing System Market
o By type
o By technology
o By pressure
o By application
o By end user
o By country – U.K., France, Germany, Italy, and Rest of Europe
Asia-Pacific (APAC) UV Curing System Market
o By type
© Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved
4

o By technology
o By pressure
o By application
o By end user
o By country – China, Japan, South Korea, India, and Rest of APAC
Latin America (LATAM) UV Curing System Market
o By type
o By technology
o By pressure
o By application
o By end user
o By country – Mexico, Brazil, and Rest of LATAM
Middle-East & Africa (MEA) UV Curing System Market
o By type
o By technology
o By pressure
o By application
o By end user
o By country – South Africa, Turkey, Saudi Arabia, and Rest of MEA
© Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved
5

Disclaimer:
P&S Intelligence always keeps its customers’ interests at the core while carrying out research
activities. P&S Intelligence ensures the reliability and accuracy of information and data provided
in its market research publications. However, the information in publications is subject to
fluctuations, as it is based on primary interviews of officials from various companies or
organizations. P&S Intelligence is not responsible for any incorrect data provided by the key
industry players of the concerned domain. The information or analysis in P&S Intelligence
publications represents opinions based on research and should not be interpreted as statements
of fact. Information in this report was believed to be correct at the time of publication, but
cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor
depicted in its research publications.
All intellectual properties, including trademarks and copyrights, belong to their respective
owners and may be protected by copyright. Under no circumstance can these be reproduced
in any form without prior written agreement of their owners.
An order for market research report is intended for internal use of the company only and not for
disclosure to third parties or any other publication in general. No service, report, or part thereof
provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed,
circulated, or sublicensed in any medium or form now realized or hereafter become realized,
including but not limited to, all forms of optical-based media, magnetic, electronic, or digital,
without a written permission from Prescient & Strategic Intelligence Pvt. Ltd.
o
Kindly write to: enquiry@psmarketresearch.com
B-13, Sector – 2, Noida, U.P. – 201301, INDIA
Contact No: +91 120 4541 337
US/Canada Toll-Free: 1-888-778-7886
© Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved
6