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)
The UV curing system market in North America is expected to grow from US$ 644.57 million in 2021 to US$ 1,200.84 million by 2028; it is estimated to grow at a CAGR of 9.3% from 2021 to 2028.
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 Revenue and Forecast to 2028 (US$ Million)
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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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America UV Curing System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America UV Curing System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Surging Demand for UV LED-Based Curing over Conventional Curing Methods
5.1.2 Strict Government Regulations for Conventional Coating Process
5.2 Market Restraints
5.2.1 Restricted Depth of Curing
5.3 Market Opportunities
5.3.1 Growing Investment in Strategic Developments by Major Players
5.4 Future Trends
5.4.1 Burgeoning Adoption of UV Curing Solutions for 3D Printing and Wood Coating
5.5 Impact Analysis of Drivers and Restraints
6. North America UV Curing System Market Analysis
6.1 North America UV Curing System Market Overview
6.2 North America UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
7. North America UV Curing System Market Analysis – by Application
7.1 Overview
7.2 North America UV Curing System Market Breakdown, by Application, 2020 and 2028
7.3 Bonding & Assembling
7.3.1 Overview
7.3.2 Bonding & Assembling: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
7.4 Disinfection
7.4.1 Overview
7.4.2 Disinfection: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
7.5 Coating & Finishing
7.5.1 Overview
7.5.2 Coating & Finishing: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
7.6 Printing
7.6.1 Overview
7.6.2 Printing: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
8. North America UV Curing System Market Analysis – by End User
8.1 Overview
8.2 North America UV Curing System Market, by End User (2020 and 2028)
8.3 Automotive
8.3.1 Overview
8.3.2 Automotive: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Healthcare
8.4.1 Overview
8.4.2 Healthcare: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Electronics
8.5.1 Overview
8.5.2 Electronics: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Others
8.6.1 Overview
8.6.2 Others: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9. North America UV Curing System Market – Country Analysis
9.1 Overview
9.1.1 North America: UV Curing System Market, by Key Country
9.1.1.1 US: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: UV Curing System Market, by Application
9.1.1.1.2 US: UV Curing System Market, by End User
9.1.1.2 Canada: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: UV Curing System Market, by Application
9.1.1.2.2 Canada: UV Curing System Market, by End User
9.1.1.3 Mexico: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: UV Curing System Market, by Application
9.1.1.3.2 Mexico: UV Curing System Market, by End User
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
11. Company Profiles
11.1 Dymax Corporation
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Excelitas Technologies Corp
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Nordson Corporation
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Phoseon Technology
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Heraeus Holding GmbH
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 AMS Spectral UV
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 IST METZ GmbH &Co. KG
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 American Ultraviolet
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Hanovia-UV
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. North America UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. US: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. North America UV Curing System Market Segmentation
Figure 2. North America UV Curing System Market Segmentation – By Country
Figure 3. North America UV Curing System Market Overview
Figure 4. Bonding & Assembling Segment held the largest share in 2020
Figure 5. The US held the largest share in 2020
Figure 6. North America: PEST Analysis
Figure 7. Europe UV Curing System Market – Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. North America UV Curing System Market: Impact Analysis of Drivers and Restraints
Figure 10. North America UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America UV Curing System Market Revenue Share, by Application (2020 and 2028)
Figure 12. Bonding & Assembling: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Disinfection: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. Coating & Finishing: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Printing: UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America UV Curing System Market Revenue Share, by End User (2020 and 2028)
Figure 17. Automotive: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Healthcare: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Electronics: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America UV Curing System Market – Geographic Analysis
Figure 22. North America: UV Curing System Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. US: UV Curing System Market – Revenue Forecast to 2028 (US$ Million)
Figure 24. Canada: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Mexico: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
- Excelitas Technologies Corp
- Nordson Corporation
- Phoseon Technology
- Heraeus Holding GmbH
- Hanovia-UV
- Dymax Corporation
- IST METZ GmbH &Co. KG
- AMS Spectral UV
- American Ultraviolet
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America UV curing system market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America UV curing system market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the UV curing system market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution