Europe UV Curing System Market By Application (Bonding & Assembling, Printing, Coating & Finishing, and Others), By Technology (UV LED and Mercury Lamp), By Verticals, the market is segmented Automotive, Aerospace & Defense, Industrial & Machinery, Energy, Electronics, Life Science & Medical, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Europe UV Curing System Market would witness market growth of 20.8% CAGR during the forecast period (2021-2027).
UV curing offers the advantages like superior reliability and decreased process times. Thus, it is a cost-effective method. Generally, the coating is done to the substrate and versed in an exceedingly curing unit. Line speed and the number of existing lamps is the determining factors for exposure under the light source. The scale of the curing system is determined by the kind of parts coated, but generally consumes less amount of floor space in comparison to the traditional finishing system.
The requirement of energy to cure UV products is comparatively low in these systems than traditional drying techniques. In addition, the amount of heat produced during the curing process is low; hence, heat-sensitive substrates are frequently coated.
As the traditional cure process is expensive, ineffective and leads to higher overhead costs, the manufacturers in the countries like Germany, UK, and the France are shifting to advanced curing technique like UV curing. In addition, many manufacturers are adopting UV curing systems as they enhance gloss and allow better resistance against scratches and abrasion. In line with this, these systems offer higher chemical resistance, superior elasticity, strength, hardness, and adhesion, and enhanced resistance to crazing. Thus, these benefits are increasing the traction of UV curing systems, thereby driving the growth of the regional UV curing system market.
The Germany market dominated the Europe Mercury Lamp UV Curing System Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $182.7 million by 2027. The UK market is expected to witness a CAGR of 17.9% during (2021 - 2027). Additionally, The France market would exhibit a CAGR of 19.6% during (2021 - 2027).
Based on Application, the market is segmented into Bonding & Assembling, Printing, Coating & Finishing, and Others. Based on Technology, the market is segmented into UV LED and Mercury Lamp. Based on Verticals, the market is segmented Automotive, Aerospace & Defense, Industrial & Machinery, Energy, Electronics, Life Science & Medical, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global UV Curing System Market Size will Hit $10.22 billion by 2027, at a CAGR of 21.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation, Panasonic Corporation, Nordson Corporation, Kyocera Corporation, Thorlabs, Inc., Excelitas Technologies Corp., American Ultraviolet, IST Metz GmbH, Dymax Corporation, and Heraeus Holding GmbH.
Scope of the Study
Market Segments Covered in the Report:
- Bonding & Assembling
- Coating & Finishing
- UV LED
- Mercury Lamp
- Aerospace & Defense
- Industrial & Machinery
- Life Science & Medical
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Omron Corporation
- Panasonic Corporation
- Nordson Corporation
- Kyocera Corporation
- Thorlabs, Inc.
- Excelitas Technologies Corp.
- American Ultraviolet
- IST Metz GmbH
- Dymax Corporation
- Heraeus Holding GmbH
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