The infographic below contains key findings from our analysis of the UV curing systems market

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Overview of the global UV curing systems market

The global UV curing systems market report predicts the market to grow steadily over the next four years and post a CAGR of almost 15% by 2021. This market research analysis identifies the advantages of UV inks over other inks as one of the key growth factors for the global UV curing systems market. Owing to the robust benefits associated with the product, the UV inks are considered as an ideal option compared to their counterparts such as water-based inks and solvent-based inks. The benefits such as good opacity, light fastness, sharp contrast, and better gloss of the UV inks over others will create the demand for the product in the coming years. Moreover, the rising environmental concerns coupled with the low-cost will also promote the use of UV inks over water-based inks and solvent-based inks.

The increasing adoption of UV LEDs in consumer electronics is one of the major UV curing systems market trends. Owing to the various benefits such as low operational costs, reduced power consumption, and easy disposal, there is an increased preference for UV LEDs from the end-users. Also, the robust flexibility associated with the product will further enhance their usage in mobile computing devices such as smartphones and tablets. With the countries across the globe witnessing a significant growth of the mobile computing devices market, the demand for UV LEDs will increase in the coming years since LEDs are increasingly adopted for curing UV-sensitive adhesives.

Competitive landscape and key vendors

The UV curing systems market is highly fragmented with the presence of small- and medium-sized vendors. Several international vendors are focusing on expanding their product portfolios by following mergers and acquisition strategies. Moreover, the key vendors in the market are also entering into robust collaborations with the large players and are also increasing their investments in R&D.

The leading vendors in the market are –

• Dymax
• Nordson
• Baldwin Technology
• Heraeus Noblelight America

The other prominent vendors in the market are Hanovia, Uvexs, Scheugenpflug, Phoseon Technology, GEW (EC), Miltec UV, and Benford UV.

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Market segmentation by end-user and analysis of the UV curing systems market

• Automotive
• Healthcare
• Electronics

According to the UV systems industry analysis, the automotive sector accounted for the major shares of the UV curing systems market during 2016. The extensive use of UV light curing systems for bonding and assembling applications in the automotive industry fuels the growth of the market. Moreover, the additional benefits of the products such as low energy costs and reduced floor space are also boosting the market’s growth in the automotive industry.

Market segmentation by geography and analysis of the UV curing systems market

• APAC
• EMEA
• North America

According to the UV curing systems market research report, APAC held the major shares of the UV curing systems market during 2016. The extensive growth of the manufacturing, automotive, and healthcare sectors in the region that use UV curing systems is a major factor for the region’s market dominance. Additionally, government incentives and subsidies such as easing the policies for FDI also fuel the market’s growth in the region.

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Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global UV curing systems market?
• What are the key market trends impacting the growth of the global UV curing systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global UV curing systems market?
• What are the market opportunities and threats faced by the vendors in the global UV curing systems market?
• Trending factors influencing the market shares in APAC, EMEA, and North America?
• What are the key outcomes of the five forces analysis of the global UV curing systems market?