According to Technavio’s latest market research study, the global UV curing systems market is expected to grow at a CAGR of close to 15% during the forecast period, 2017-2021.
This report by Technavio provides an in-depth analysis of the global UV curing systems market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application type
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The top three revenue contributing application segments are discussed below:
Global UV curing systems market by bonding and assembling: UV curing systems are used for bonding and assembling materials such as plastic, glass, and metals. UV-sensitive bonding adhesives are used to bond or stick these materials. The increasing demand for UV curing systems for bonding and assembling is attributable to the fast, flexible, and environment-friendly nature of the method when compared with other processes used for bonding and assembling.
“UV curing systems for bonding and assembling are widely used in glass applications because of the high transparency of glass. They are also used for assembling printed circuit boards. The growing demand for glass, metal, and semiconductor products is expected to lead to an increase in the demand for UV curing systems for bonding and assembling applications in the coming years,” says Sunil Kumar Singh, a lead analyst at Technavio for research on semiconductor equipment.
Global UV curing systems market by disinfection: UV disinfection is a method of killing micro-organisms such as bacteria, viruses, and algae in a fixed environment using UV light. The method is effective in destroying the nucleic acids present in these organisms, resulting in the disruption of their DNA. The rising demand for high-quality processed water, especially in the industrial sector, is anticipated to propel the demand for UV curing systems for disinfection during the forecast period.
Global UV curing systems market by coating and finishing: UV curing systems are used for coating the surfaces of products to add a shine or a tough finish. The coating protects the product from the harmful effects of UV light. UV coating by UV curing provides a shiny, glossy coating on products such as handouts, presentation folders, postcards, and business cards. Technavio’s market research analysts predict the global UV curing market by coating and finishing to account for a revenue of around USD 2,170 million by 2021.
The top vendors operating in the global UV curing systems market are:
- Dymax
- Nordson
- Baldwin Technology
- Heraeus Noblelight America
Other prominent vendors in the market include Hanovia, Uvexs, Scheugenpflug, Phoseon Technology, GEW (EC), Miltec UV, and Benford UV.
A more detailed analysis is available in the Technavio report titled, ‘Global UV Curing Systems Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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