According to a new research report published by Premium Market Insights, “ UV Curing System Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application and End User,” the market is expected to grow from $2.817 billion in 2021 to 2028. expected. US$ 5.1532 billion by 2028; It is estimated to grow at a CAGR of 9.0% from 2021 to 2028.
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The PTC thermistor market is broadly segmented into five major regions: North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). As the living standards of the population in developing countries such as India and China improve, the demand for various electronic products has also increased significantly over the years. Countries like China, India and Japan have huge electronics manufacturer bases. Haier, TCL, Xiaomi, Lenovo, Huawei, Havells India, Voltas, Godrej, Hitachi, Panasonic, Canon and Toshiba are among the major electronics manufacturers across the country. UV curing systems are actively utilized by these companies for a variety of applications such as die attach, wire tacking, pin attach, seal and gasket products. UV curing solutions are also adopted for coating applications across this industry. Therefore, a wide range of UV curing applications are fueling the same demand in the industry, contributing to the market growth.
Impact of COVID-19 Pandemic on UV Curing Systems Market in Middle East & Africa
Most economic operations in the Middle East & Africa region have been disrupted due to the rise in COVID-19 cases in the region, negatively impacting the UV curing systems market from both a supply and demand side. The country’s tourism sector has experienced very little demand due to the international travel ban, resulting in a noticeable drop in demand for new air conditioners, television sets and refrigerators in the hospitality industry. This has impacted the requirements for UV curing systems by consumer electronics manufacturers. In addition, end users in the region
UV LED-based curing systems have superior properties such as abrasion resistance, durability, elasticity, adhesion, and chemical resistance compared to other curing systems. Therefore, there is an increasing demand for UV LED-based curing systems over conventional curing systems using mercury lamps. UV LED based curing systems also offer better operating speeds.
Fast drying of the machine and fast drying of the product. UV curing systems also reduce emissions of volatile organic compounds (VOCs) emitted during painting, coatings, inks, adhesives and similar materials. Therefore, these systems are highly adopted in various end-use industries such as furniture, automotive, medical and electronics.
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The overall UV curing system market size was derived using both primary and secondary sources. To initiate the research process, a thorough secondary research was conducted using internal and external sources to obtain qualitative and quantitative information relevant to the market. This process also serves the purpose of obtaining an overview and forecast for the UV curing systems market with respect to all segments. It also provides an overview and forecast of the market based on all segmentation provided with respect to the five major geographies of North America, Europe, Asia Pacific, Middle East & Africa and South America. We also conducted primary interviews with industry participants and commentators to validate the data and gain more analytical insights on the topic. Participants in this process include industry experts such as VPs, business development managers, market intelligence managers, country sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specific to the UV curing systems market. Major players operating in the UV curing systems market include American Ultraviolet, AMS Spectral UV, Dymax Chemical (Shanghai) Co. Ltd, Excelitas Technologies Corp., Hanovia-uv, Heraeus Holding GmbH, IST Metz GmbH, Jenton Group, Nordson Corporation and Phoseon Technology. These companies are actively investing in new product development and geographic expansion to reach a larger customer base worldwide. We specialize in the UV curing system market with external consultants including valuation experts, research analysts and key opinion leaders. Major players operating in the UV curing systems market include American Ultraviolet, AMS Spectral UV, Dymax Chemical (Shanghai) Co. Ltd, Excelitas Technologies Corp., Hanovia-uv, Heraeus Holding GmbH, IST Metz GmbH, Jenton Group, Nordson Corporation and Phoseon Technology. These companies are actively investing in new product development and geographic expansion to reach a larger customer base worldwide. We specialize in the UV curing systems market with external consultants including valuation experts, research analysts and key opinion leaders. Major players operating in the UV curing systems market include American Ultraviolet, AMS Spectral UV, Dymax Chemical (Shanghai) Co. Ltd, Excelitas Technologies Corp., Hanovia-uv, Heraeus Holding GmbH, IST Metz GmbH, Jenton Group, Nordson Corporation and Phoseon Technology. These companies are actively investing in new product development and geographic expansion to reach a larger customer base worldwide. Excelitas Technologies Corp., Hanovia-uv, Heraeus Holding GmbH, IST Metz GmbH, Jenton Group, Nordson Corporation and Phoseon Technology. These companies are actively investing in new product development and geographic expansion to reach a larger customer base worldwide. Excelitas Technologies Corp., Hanovia-uv, Heraeus Holding GmbH, IST Metz GmbH, Jenton Group, Nordson Corporation and Phoseon Technology. These companies are actively investing in new product development and geographic expansion to reach a larger customer base worldwide.
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