UV Curing System market to see 9.0 % CAGR to 2028
Posted by kartik joshi on September 27th, 2022
UV Curing Systems Market to 2028 – Global Analysis and Forecast by application and end-user, UV curing market is expected to grow to US$ 5,153.2 million by 2028 from US$ 2,817.2 million in 2021. The technological advancement in the curing systems as well as major advantages of the UV LED curing system over the conventional lamp based curing system is one of the major factor for the growth of the UV curing systems market. Also, due to emission of VOC from paints and coatings while using lamp based curing method has led government of various countries to put stringent regulations on the use of these curing systems. As UV LED based curing systems reduces the emission of these volatile organic compounds (VOC), therefore the adoption of this curing system is increasing in different verticals across the globe.
The global UV curing systems market by geography is segmented into five regions including North America, Europe, Asia Pacific, Middle East & Africa and South America. Asia Pacific region is expected to account for the largest share of the global UV curing systems market in 2021, followed by Europe. China being key country in Asia Pacific region will lead UV curing systems market in this region and is also expected to continue dominance throughout the forecast period from 2021 to 20228. The key players profiled in the report are Phoseon Technology, Dymax Corporation, Nordson Corporation, Air Motion Systems Inc., Heraeus Noblelight America LLC, American Ultraviolet Inc., Excelitas Technologies Corp., IST METZ GmbH, Jenton International Ltd., and Hanovia Limited.
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Conventional coating processes are subjected to various government regulations. This is due to the fact that many of these coating applications have health and safety risks, and exposure to it caused several health problems in the workers in the paint industry such as headaches, low quality of sleep, muscle weakness, and memory issues. Also, in the anti-corrosion paint and coatings have volatile organic compounds, also known as VOC. The high pressure of the coatings allows the molecules to evaporate in the air and come in contact with the workers in close proximity, and can lead to several hazardous diseases such as cancer and other severe health problems. These are the reasons which led the government to put stringent regulations on these type of coatings, and since UV curing coatings doesn’t have all these drawbacks, the stringent regulations of government is strongly supporting the growth of the UV curing market in the coatings segment.
Many adhesives that are used for the bonding & assembling process in the industrial segment release volatile organic compounds. Therefore the government in the respected countries have put regulations on the emission of the VOC content. For instance, the United States Environmental Protection Agency (EPA) has approved Clean Air Act section 183(e) for those categories of products that release more than 80% of the VOC emission. Several industrial adhesives have been added in the updated list of the act. In Hong Kong, the government reached a consensus in April 2002 to reduce the regional emission of four major products that included NOx, RSPs, sulphur dioxide, and VOCs by 20%, 55%, 40%, and 55% by 2010 and still continuing to reduce the emissions under the act.
Since the UV curing method includes the reduction in the emission of the volatile organic compounds, therefore it is preferred by majority of applications for the curing method over the traditional curing methods. There are various new trends that emerged in the UV Curing industry which includes increasing adoption of the UV LED curing method in coating sub-segment as well as increasing trend towards UV-cured soft-feel coating method. These are going to further drive the market for the UV curing systems in the coming years.
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About the Authorkartik joshi
Joined: September 27th, 2022
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