Ultraviolet (UV) Curing System Market Opportunities and Forecast 2023-2029

Ultraviolet (UV) Curing System Market Value and CAGR

The Ultraviolet (UV) Curing System Market refers to the market for systems that use UV light to cure or harden materials such as inks, coatings, adhesives, and composites. UV curing systems offer several advantages over traditional curing methods such as heat, solvent evaporation, or air drying, including faster curing times, lower energy consumption, and the ability to cure materials without the emission of volatile organic compounds (VOCs).

The global UV curing system market was valued at USD 4.55 billion in 2022 and is expected to grow at a CAGR of 9.6% from 2022 to 2028, reaching a value of USD 9.02 billion by 2028.

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Ultraviolet (UV) Curing System Market Growth Drivers and Risks

Growth Drivers:

Increasing incidence of thyroid cancer: The incidence of thyroid cancer has been increasing over the past few decades, which is a major driver of growth in the Ultraviolet (UV) Curing System Market.

Technological advancements: Advances in diagnostic technologies, such as molecular diagnostic tests and imaging equipment, are driving growth in the market as they improve the accuracy and speed of diagnosis.

Risks:

Stringent regulatory requirements: The Ultraviolet (UV) Curing System Market is subject to stringent regulatory requirements, which can increase the time and cost of bringing new products to market.

High cost of diagnostic tests: The cost of diagnostic tests for thyroid cancer can be high, which may limit access to care for some patients.

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Ultraviolet (UV) Curing System Market Keyplayers

Dymax

American Ultraviolet

Phoseon Technology

Baldwin Technology Co.

IST METZ GmbH & Co. KG

Heraeus Holding

HANOVIA Specialty Lighting LLC

Excelitas Technologies Corp.

Ultraviolet (UV) Curing System Market Segmentations

• Segment by Type

Flood Curing and

Focused Beam

• Segment by Application

Coating and Finishing

Printing, Bonding

and Assemblies

Table of content

1 INTRODUCTION 64

1.1 OBJECTIVES OF THE STUDY 64

1.2 MARKET DEFINITION 64

1.3 OVERVIEW OF ASIA PACIFIC ULTRAVIOLET (UV) CURING SYSTEM MARKET 64

1.4 CURRENCY AND PRICING 66

1.5 LIMITATIONS 66

1.6 MARKETS COVERED 67

2 MARKET SEGMENTATION 74

2.1 MARKETS COVERED 74

2.2 GEOGRAPHICAL SCOPE 75

2.3 YEARS CONSIDERED FOR THE STUDY 76

2.4 DBMR TRIPOD DATA VALIDATION MODEL 77

2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 80

2.6 DBMR MARKET POSITION GRID 81

2.7 VENDOR SHARE ANALYSIS 82

2.8 APPLICATION COVERAGE GRID 83

2.9 MULTIVARIATE MODELING 84

2.10 PRODUCTS TYPE CURVE 84

2.11 SECONDARY SOURCES 85

2.12 ASSUMPTIONS 85

3 EXECUTIVE SUMMARY 86

4 PREMIUM INSIGHTS 89

4.1 PORTER'S FIVE FORCES ANALYSIS 90

4.2 REGULATORY STANDARDS 91

4.3 TECHNOLOGICAL LANDSCAPE 92

4.4 PATENT ANALYSIS 93

4.4.1 PATENT: US-2015185618-A1 93

4.4.2 PATENT: US-6213018-B1 93

4.4.3 PATENT: US9248468B2 93

4.4.4 EP1232198A1 93

4.5 PRICING ANALYSIS 94

4.6 CASE STUDY 95

4.6.1 PHOSEON TECHNOLOGY 95

4.6.2 TECHSIL LTD 96

4.7 VALUE CHAIN ANALYSIS 97

4.8 COMPANY COMPARITIVE AANALYSIS 99

4.9 TOP WINNING ANALYSIS 100

5 MARKET OVERVIEW 101

5.1 DRIVERS 103

5.1.1 RISE IN DEMAND OF UV CURING SYSTEM IN BONDING AND ASSEMBLING 103

5.1.2 ADVANTAGES OF UV CURING SYSTEM OVER TRADITIONAL SYSTEM 104

5.1.3 RAPID PRODUCT LAUCH AND PRODUCT EXPANSION BY MARKET PLAYERS 104

5.1.4 PRESENCE OF STRINGENT REGULATION ASSOCIATED WITH CURING SYSTEM AND GREEN PRODUCTS 105

5.2 RESTRAINTS 106

5.2.1 HIGH INVESTMENTS INVOLVED WITH ULTRAVIOLET (UV) CURING SYSTEMS 106

5.2.2 HAZARDOUS EFFECTS OF UV MERCURY LAMPS 107

5.3 OPPORTUNITIES 107

5.3.1 RAPID TECHNOLOGICAL ADVANCEMENT IN UV LED CURING SYSTEM 107

5.3.2 GROWING AWARENESS AND INCLINATION TOWARD ECO-FRIENDLY PRODUCTS 108

5.3.3 INCREASING PARTNERSHIP, ACQUISITION AND COLLABORATION AMONG MARKET PLAYERS 109

5.3.4 INCREASE IN ADOPTION OF UV CURING TECHNOLOGY IN 3D PRINTING 109

5.4 CHALLENGES 110

5.4.1 LIMITED PENETRATION BY UV CURING SYSTEM 110

5.4.2 HIGH COST ASSOSIATED WITH UV CURABLE COATING 111

Toc Continue………………………..

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