Conventional coating processes are subjected to various government regulations. This is because many of these coating applications have health and safety risks. Exposure to them causes several health problems in the workers in the paint industry, such as headaches, low quality of sleep, muscle weakness, and memory issues. Also, the anti-corrosion paint and coatings consist of VOCs. The high pressure of the coatings allows the molecules to evaporate in the air, thereby leaving the workers in close proximity, leading to diseases such as cancer and other severe health problems. Hence, the governments have put stringent regulations on these types of coatings. However, as UV curing coatings do not have these drawbacks, the strict government regulations are strongly supporting the growth of the UV curing system market for coating & finishing applications. Many adhesives used for the bonding & assembling process in the industrial segment release VOCs. Several government bodies across the region have put regulations on the emission of VOC content. For instance, the United States Environmental Protection Agency (EPA) has approved the Clean Air Act section 183(e), which restricts the use of products that release more than 80% of the VOC emission. Such stringent regulations by the government bodies have influenced the demand for UV curing coating over traditional coating solutions, which is driving the market.
North America UV Curing System Market Segmentation
The North America UV curing system market is segmented based on 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 the largest share of the market; and the printing segment is expected to register the highest 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. 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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 644.57 Million |
| Market Size by 2028 | US$ 1,200.84 Million |
| CAGR (2021 - 2028) | 9.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Application
|
| Regions and Countries Covered |
North America
|
| Market leaders and key company profiles |
|
The North America UV Curing System Market is valued at US$ 644.57 Million in 2021, it is projected to reach US$ 1,200.84 Million by 2028.
As per our report North America UV Curing System Market, the market size is valued at US$ 644.57 Million in 2021, projecting it to reach US$ 1,200.84 Million by 2028. This translates to a CAGR of approximately 9.3% during the forecast period.
The North America UV Curing System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America UV Curing System Market report:
The North America UV Curing System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America UV Curing System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America UV Curing System Market value chain can benefit from the information contained in a comprehensive market report.
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