DUBLIN--(BUSINESS WIRE)--Jul 5, 2018--The "UV Curing System Market by Technology (Mercury Lamp, and UV LED), Type (Spot Cure, Flood Cure, and Focused Beam), Pressure (High, Medium, and Low), Application, End-User Industry, and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The UV curing system market was valued at USD 3.28 billion in 2018 and is expected to reach USD 5.45 billion by 2023, at a CAGR of 10.66% between 2018 and 2023.

This report covers the following technology: Mercury lamp and UV LED system. Currently, UV LED system holds a smaller share in the UV curing system market, as it is used in limited applications; however, in the coming years, the UV LED market will be driven by deployment in new applications such as purification and disinfection. UV LED consumes less energy and generates less heat compared to mercury lamps, making it the most preferred UV curing technology in the coming years.

This report has been segmented on the basis of end-user industry, into medical, consumer electronics, and construction and architecture. The construction and architecture industry is mainly driven by the increasing UV coating market across the globe. Additionally, increasing investments by government in public infrastructure such as highway joint sealing, structural bonding of bridge, and railways to cater to the needs of customized coating are fueling the demand for UV curing technologies in the construction industry.

Market Dynamics

Drivers

Environmental Awareness and Stringent Regulations High Speed and Performance Compared to Traditional Curing Systems

Restraint

Limited Depth of Curing

Opportunities

High Growth Prospect in New Applications High Acceptance of Bio-Based Products and Resins

Challenge

Risks of Hazard Related to the Presence of Mercury in UV Mercury Lamps

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 UV Curing System Market, By Technology

7 UV Curing System Market, By Pressure Type

8 UV Curing System Market, By Type

9 UV Curing System Market, By Application

10 UV Curing System Market, By End-User Industry

11 Geographic Analysis

12 Competitive Landscape

13 Company Profiles

Baldwin Technology Nordson Panasonic Excelitas Heraeus Dymax Phoseon Honle Delo IST Metz American Ultraviolet Omron Uvitron Atlantic Zeiser Benford UV Gew (EC) Hanovia Miltec UV Thorlabs Hoya Corporation

For more information about this report visit https://www.researchandmarkets.com/research/p8r53w/uv_curing_systems?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180705005631/en/

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Related Topics:Paints and Coatings

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/05/2018 06:02 PM/DISC: 07/05/2018 06:01 PM

http://www.businesswire.com/news/home/20180705005631/en