UV Curing System Market Size Global Forecast, Growth, Opportunities 2026

Posted by Steve Stark on August 23rd, 2023

The UV curing system market is projected to reach USD 8.6 billion by 2026; it is expected to grow at a compound annual growth rate (CAGR) of 18.6% during the forecast period. The growth of the UV curing system market in North America is mainly driven by large-scale funded programs by the government. Moreover, the high adoption rate and technological advancements also drive the growth of the market in North America.

In technology, the UV LEDs segment is expected to grow at the highest rate of the UV curing system market

UV LED technology is expected to dominate the market during the forecast period due to the increase in demand for energy-efficient LEDs and enhanced user experience. UV LEDs have a longer life span than mercury lamps and are environmentally friendly.

Apart from these, UV LEDs do not use mercury, which harms health and causes life-threatening diseases. North America is expected to be the largest market for UV LED during the forecast period. This is due to its features such as instantaneous switching on and off, fast and uniform drying and curing, low heat emission, and low power consumption. North America adapts and changes quickly with the latest technologies and needs. The increased demand for UV LED is due to the increase in awareness of green energy and its minimal power consumption.

The bonding & assembling application segment, of UV curing system market is projected to hold a larger share during the forecast period

The bonding & assembling segment accounted for the largest share of the market in 2020, whereas the printing segment is expected to grow at the highest CAGR during the forecast period. UV LED is used for printing purposes.

Benefits of using UV LED in printing are faster drying, eco-friendly, material versatility, color enhancement, and high-quality finishing. UV curing uses light instead of heat when drying. It takes only a couple of seconds to harden adhesives, inks, or coatings that have been used. This is much better than the traditional and outdated printing methods as the older technology made coatings shrink by more than half, so they weren't too kind to the environment either. The UV LED segment is expected to grow at a higher CAGR during the forecast period. This high growth can be attributed to increased awareness of energy consumption and green energy. UV LED uses 50-70% less energy than mercury lamps.

The UV curing system market in APAC is projected to have the highest CARG during the forecast period (2021-2026)

The market in APAC comprises China, Japan, South Korea, India, and the Rest of APAC, which primarily includes Australia, Taiwan, Thailand, Indonesia, Singapore, Malaysia, the Philippines, and New Zealand. It is expected to be the fastest-growing market for UV curing system during the forecast period.