Apr 17, 2018   SOURCE: BusinessWire

Global UV Curing System Market 2018-2023: High Acceptance of Bio-Based Products and Resins - ResearchAndMarkets.com

The "UV Curing System Market by Technology (Mercury Lamp, and UV LED), Type (Spot Cure, Flood Cure, and Focused Beam), Pressure (High, Medium, and Low), Application, End-User Industry, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The UV curing system market was valued at USD 3.28 Billion in 2018 and is expected to reach USD 5.45 Billion by 2023, at a CAGR of 10.66% between 2018 and 2023.

Of all the major applications of UV curing systems, bonding and assembling holds the largest share of the UV curing system market. The growing demand for semiconductor devices and the increasing sales of mobile and consumer electronic devices are expected to fuel the demand for UV curing systems for bonding and assembling application.

High pressure for UV curing systems held the largest market share owing to its high intensity wavelength used to cure deep layer in major revenue generating industries such as automotive, industrial, and consumer electronics in UV curing system market. Furthermore, the increasing demand for low-power high-output (LPHO) lamps will further drive the UV curing system market.

Among UV curing systems type, spot cure held the largest share in the UV curing system market. Currently, UV curing systems hold the maximum share in medical and electronics industries, thus fueling the market for UV spot cure systems.

Market Dynamics

Drivers

  • Environmental Awareness and Stringent Regulations
  • High Speed and Performance Compared to Traditional Curing Systems

Restraint

  • Limited Depth of Curing

Opportunities

  • High Growth Prospect in New Applications
  • High Acceptance of Bio-Based Products and Resins

Challenge

  • Risks of Hazard Related to the Presence of Mercury in UV Mercury Lamps

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 UV Curing System Market, by Technology

7 UV Curing System Market, by Pressure Type

8 UV Curing System Market, by Type

9 UV Curing System Market, by Application

10 UV Curing System Market, by End-User Industry

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

  • Baldwin Technology
  • Nordson
  • Panasonic
  • Excelitas
  • Heraeus
  • Dymax
  • Phoseon
  • Honle
  • Delo
  • IST Metz
  • American Ultraviolet
  • Omron
  • Uvitron
  • Atlantic Zeiser
  • Benford UV
  • GEW (EC)
  • Hanovia
  • Miltec UV
  • Thorlabs
  • Hoya Corporation

For more information about this report visit https://www.researchandmarkets.com/research/p3txs2/global_uv_curing?w=4