Global UV Curing System Market Size to worth USD 27.85 Billion by 2033: Market Insight Report

Global UV Curing System Market Size to worth USD 27.85 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global UV Curing System Market Size is Expected to Grow from USD 5.16 Billion in 2023 to USD 27.85 Billion by 2033, at a CAGR of 18.36% during the forecast period 2023-2033.  

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global UV Curing System Market Size, Share, and COVID-19 Impact Analysis, By Technology (UV LEDs and Mercury Lamps), By Application (Printing, Bonding & Assembling, Coating & Finishing, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.           

UV curing system market refers to the industry for systems that use ultraviolet (UV) light to cure inks, adhesives, and coatings. UV curing systems are a process in which ultraviolet and visible light are used to initiate a photochemical reaction to instantly dry or cure inks, adhesives, or coatings. It is a high-speed process and low temperature that aids in curing by polymerization rather than evaporation. The development of new applications, the rising need for eco-friendly products, and the increased use of UV curing systems in packaging and print labels are offering growth opportunities for the UV curing system market. The preference for quick curing and better performance over traditional curing systems drives the market demand for UV curing systems. The widespread application of UV curing in printing, automotive, and electronics sectors owing to its short curing time and low energy consumption is propelling the market growth. However, the lack of awareness about UV curing systems along with their increased cost is challenging the market growth.

The UV LEDs segment is anticipated to grow at the fastest CAGR growth during the predicted timeframe.

Based on the technology, the global UV curing system market is divided into UV LEDs and mercury lamps. Among these, the UV LEDs segment is anticipated to grow at the fastest CAGR growth during the predicted timeframe. The increased need for innovative and eco-friendly manufacturing processes is boosting UV LED usage, as these LEDs are crucial for the effective implementation of modern UV curing applications. The increasing need for energy-efficient LEDs and enhanced user experience is driving the market demand in the UV LEDs segment.

The bonding & assembling segment accounted for the largest market share in 2023 and is expected to grow at the fastest CAGR during the forecast period.

Based on the application, the global UV curing system market is divided into printing, bonding & assembling, coating & finishing, and others. Among these, the bonding & assembling segment accounted for the largest market share in 2023 and is expected to grow at the fastest CAGR during the forecast period. UV curing has widespread applications in the electronics sector including adhesive bonding and assembly, component marking, gasketing and sealing, potting, masking, encapsulating, and conformal coating.

North America is projected to hold the largest share of the global UV curing system market over the forecast period.

North America is projected to hold the largest share of the global UV curing system market over the forecast period. The growing number of sectors such as automotive, battery, coatings & finishing, conversion, electronics, energy generation, and medical surging the need for UV curing for bonding applications and assembly process, thereby driving the market growth. Further, the large-scale funded programs by the government along with the growing technological advancements are contributing to propelling the market.

Asia Pacific is predicted to grow at the fastest CAGR in the UV curing system market over the forecast period. The increased demand for UV curing systems due to their safety, eco-friendly nature, and fast curing for applications in medical and industrial equipment is driving the market. Further, the rising adoption of UV curing technology in 3D printing is contributing to propel the market growth.

Competitive Analysis

Major key players in the UV curing system market include Baldwin Technology, Dymax, Nordson, Excelitas Technologies, Heraeus, Phoseon Technology, DELO, IST Metz, American Ultraviolet, Hanovia, Omron Corporation, Uvitron, Atlantic Zeiser, Benford UV, Miltec UV, Thorlabs, APL Machinery Pvt. Ltd., Panasonic, Jenton International, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2021, Dymax, a leading manufacturer of rapid light-curing materials and equipment, added a new channel partner, Electronic Assembly Products, Ltd. (EAP, Ltd.) to their extensive North American distribution network.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global UV curing system market based on the below-mentioned segments:

Global UV Curing System Market, By Technology

• UV LEDs
• Mercury Lamps

Global UV Curing System Market, By Application  

• Printing
• Bonding & Assembling
• Coating & Finishing
• Others

Global UV Curing System Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa