North America 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 North America UV Curing System Market would witness market growth of 19.9% CAGR during the forecast period (2021-2027).
UV Curing systems take the help of UV LED in order to give heat and dry the materials like coatings, adhesives, and paints. Some years back, mercury was utilized by curing systems to offer heat throughout the curing process. However, mercury lamps were associated with some demerits, resulting in developments in technology and eventually the use of LED during the curing process.
The adoption rate of UV curing systems is expected to be fuelled by the rise in recognition of the benefits of curing systems. In addition, UV Curing systems have been highly adopted among well-established countries while they are quickly picking up traction in a few emerging nations. As a result, the demand for UV Curing Systems would rise in the upcoming years.
Major countries of the region such as the US, Canada, and others are rapidly producing the daily-use items in order to fulfill the rising demand for such items. Additionally, these items require appropriate and timely coating. Therefore, manufacturers of these items highly prefer UV curing systems for safe and reliable curing, coating and painting.
The US market dominated the North America Coating & Finishing Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $317.9 million by 2027. The Canada market is estimated to grow a CAGR of 23.2% during (2021 - 2027). Additionally, The Mexico market would experience a CAGR of 22.2% 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 U.S., Mexico, Canada, and Rest of North America.
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 North America
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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