Report : North America UV Curing System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Bonding & Assembling, Disinfection, Coating & Finishing, and Printing) and End User (Automotive, Healthcare, Electronics, and Others)
Bonding and Assembling segment to dominate the North America UV Curing System Market during 2020–2028
According to a new market research study on “North America UV Curing System Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application and End User” is expected to reach US$ 1,200.84 million by 2028 from US$ 644.57 million in 2021. The market is estimated to grow at a CAGR of 9.3% from 2021 to 2028. The report provides trends prevailing in the North America UV curing system market along with the drivers and restraints pertaining to the market growth. Strict government regulations, surging demand for UV LED-based curing over conventional curing methods, and burgeoning adoption of UV curing solutions for 3D printing and wood coating are the major factor driving the growth of the North America UV curing system market. However, restricted depth of curing hinders the growth of North America UV curing system market.
The North America UV curing system market is segmented on the basis of application, end user, and country. Based on application, the market is segmented into bonding and assembling, disinfection, coating and finishing, and printing. In 2020, the bonding and assembling segment held a larger share of the market; and the printing segment is expected to register a higher CAGR during the forecast period. Based on end user, the North America UV curing system market is segmented into automotive, healthcare, electronics, and others. In 2020, the automotive segment held the largest market share; and the healthcare segment is expected to register the highest CAGR in the market during the forecast period. Further, based on country, the North America UV curing system market is segmented into the US, Canada, and Mexico. In 2020, the US held the largest market share; and Canada is expected to grow at the fastest CAGR during the forecast period.
American Ultraviolet, AMS Spectral UV, Dymax Corporation, Excelitas Technologies Corp., Hanovia-uv, Heraeus Holding, IST Metz GmbH, Nordson Corporation, and Phoseon Technology are among the leading companies in the North America UV curing system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Phoseon Technology announced partnership with American Ultraviolet for the advancement of LED curing in all UV curing markets.
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