Press release
Ultraviolet (UV) Curing System Market Size, Growth and Forecast Report 2023-2030
Ultraviolet (UV) Curing System Market - DataM Intelligence
Global Ultraviolet (UV) Curing System Market reached USD 3.92 billion in 2022 and is expected to reach USD 9.11 billion by 2030, growing with a CAGR of 10.1% during the forecast period 2023-2030.
Continuous technological advancements in ultraviolet (UV) curing systems offer the ability to generate various UV bandwidths for deep-level curing and cure diverse substrates, among other benefits. These advancements contribute to the widespread acceptance of the product across various sectors, supporting global market growth.
In 2022, the printing application is anticipated to constitute nearly one-fourth of the global ultraviolet (UV) curing system market. UV curing is suitable for a diverse range of substrates, including paper, plastics, glass, metal, and others. The use of UV-cured inks and varnishes in printing applications results in vivid colors, sharp images, and enhanced print quality. The UV curing method allows for precise print deposition, preventing ink from spreading or being absorbed into materials. This makes UV curing systems a preferred choice in the printing industry for achieving high-quality and precise printing outcomes.
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Market Dynamics
Advantages of UV Curing Systems Compared to Traditional Methods
UV curing is a photochemical process that utilizes high-intensity ultraviolet light to cure or dry inks, coatings, or adhesives rapidly. UV formulations consist of liquid monomers and oligomers combined with a small amount of photoinitiators, and when exposed to UV light, they undergo quick curing.
Within seconds, the formulation, whether it's inks, coatings, or adhesives, undergoes a rapid hardening or curing process, making it immediately ready for subsequent processing steps. The adoption of UV-curable inks and coatings initially aimed to replace solvent-based products. Unlike conventional heat- and air-drying methods that rely on solvent evaporation, UV curing reduces the initial coating application by over 50% and eliminates the emission of pollutants into the environment.
In 2021, Maruti Printing became the pioneering printer in India to integrate AMS Spectral UV from Baldwin Technology Company for LED-UV curing. Operating for nearly two years, this hybrid system has significantly enhanced the capabilities of the offset printer, offering various benefits to its customers. These include the ability to print on a wide range of plastic substrates, showcasing the notable advancements in UV curing technology.
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Market Segmentation
By Technology
Mercury Lamps
UV LEDs
By Type
Spot Cure
Flood Cure and Focused Beam
Conveyor
By Pressure
High
Medium
Low
By Application
Printing
Bonding and Assembling
Coating and Finishing
Others
By Vertical
Life Science and Medical
Consumer Electronics
Industrial and Machinery
Semiconductor
Automotive
Marine
Others
Market Key Players
Major players are American Ultraviolet, APL Machinery Pvt. Ltd., Baldwin Technology, Dymax, Excelitas Technologies, IST Metz, Jenton International, Kyocera Corporation, Omron Corporation and Panasonic.
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