UV Curing System Market to Register 8.8% CAGR in Coming Years

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The UV curing system market attained a value of $1.4 billion in 2018 and is predicted to witness an 8.8% CAGR in the coming years.

The rising disposable income, rapidly increasing population, urbanization, and expanding e-commerce are some factors contributing to the growth of the food & beverage industry. In addition to this, the competition in the industry is becoming intense, due to which companies are focusing on providing the best service that they can to gain an edge over their competitors.

Other than the food & beverage industry, aerospace & defense, electronics, healthcare, industrial manufacturing, and automotive are the primary end users of UV curing systems. Other end users include media & entertainment, agriculture, and oil & gas industries and water treatment plants. 

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The automotive industry uses UV curing systems for the curing of inks, adhesives, and coatings for various components utilized in automobiles. These systems save production time and cost, as UV curing takes less time than heat curing processes.

In the electronics industry, UV curing is used for applications such as lamination, encapsulation, insulation, printed circuit board coating, and optical display bonding. The technique creates a strong bond between plastic and metal substrates that are utilized for manufacturing electronic components.

There are four types of UV curing systems, namely flood curing, conveyor curing, spot curing, and hand-held curing. In 2018, the UV curing system market was dominated by conveyor curing.

The conveyor curing process utilizes a moving conveyor/belt for forming an assembly line that passes through a chamber consisting of multi-spectral lamps/ LEDs, which are mounted above and, on each side, for fast curing of components. The process is utilized for high-volume production in industries, such as optical, automotive, and electronics. The demand for this process is further going to be the largest in the coming years.