UV Curing Systems Market Research Report and Forecast up to 2025

UV curing systems is a process in which visible light and ultraviolet light is used to initiate a photochemical reaction that is used to instantly dry or cure inks, adhesives or coatings. UV curing is a low temperature and a high speed process that helps in curing by polymerization rather than evaporation. It is adaptable to coating, printing, decorating and assembling of a variety of products and materials. The global UV curing systems market is anticipated to witness a robust growth rate during the forecast period from 2017 to 2025 owing to the increasing demand for improved quality of the finished products and for greater consistency.

The global UV curing systems market is expected to witness a progressive growth in the coming years due to the requirement of less equipment space and energy since there is no need to wait for the product to get dry. This helps in creating an efficiency that exists through the entire manufacturing process. In addition, it is a one part system that requires no need to measure or mix and does not have any pot life concern. It also allows testing of parts soon after assembly that helps in eliminating possible quantities of work in process scrap. In addition due to the UV curing systems UV-LED printers enjoy a higher degree of traction compared to conventional printers due to their versatility and energy efficiency.

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However, when curing in the air the oxygen in the atmosphere can cause the oxygen to inhibit the cure on the surface layer. This causes the top layer to become uncured sticky and wet while the bottom layer have hardened into dry finish. This affects the long term reliability of the coated layer. This is one of the reason which can hamper the growth of UV curing systems market.

For the purpose of providing detailed research report, the global UV curing systems market is segmented on the basis of product type and application. On the basis of product type the market is segmented into free radical systems and cationic systems. Among the different product types of UV curing systems available in the market, free radical system is expected to grow at a higher rate owing to its facilities that majority of the commercial light cure products are of free radical types and use acrylic components that helps the polymerization to stop as soon as the light gets eliminated.

UV curing systems also finds its application across various end user segments including automotive, electronics, telecommunication, graphic arts and others.

Geographically, the global UV curing systems market has been further divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. North America is expected to hold the largest share of the UV curing systems market among the different regions in 2016. The UV curing systems market of North America is majorly driven by the U.S owing to increasing demand for electric vehicle. Tesla, one of the major car electric manufacturer sells nearly 6,500 electric car every month in U.S. Government is also encouraging sale of electric car by giving discounts and providing incentives due to the decreasing oil resources and increasing demand for petrol. On the flip side, the Asia Pacific UV curing systems market is expected to witness the highest growth rate during the forecast period. UV curing system is widely used in Indonesia and are mostly in the wood based industry such as coating of parquet, table top fancy plywood and others.

Some of the key vendors operating in the global UV curing systems market includes BASF SE (Germany), DSM AGI Corporation (Taipei), Nippon Gohsei ( Japan), Wanhua Chemical Group Co. Ltd.( China), Toagosei Co. Ltd (Japan), Jiangsu Sanmu Group Corporation (China) and many more

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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The study is a source of reliable data on:

Market segments and sub-segments

Market trends and dynamics

Supply and demand

Market size

Current trends/opportunities/challenges

Competitive landscape

Technological breakthroughs

Value chain and stakeholder analysis

The regional analysis covers:

North America (U.S. and Canada)

Latin America (Mexico, Brazil, Peru, Chile, and others)

Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)

Eastern Europe (Poland and Russia)

Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)

Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

A complete backdrop analysis, which includes an assessment of the parent market

Important changes in market dynamics

Market segmentation up to the second or third level

Historical, current, and projected size of the market from the standpoint of both value and volume

Reporting and evaluation of recent industry developments

Market shares and strategies of key players

Emerging niche segments and regional markets

An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market

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