Why are UV Curing Systems being used in Furniture Industry?

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UV Curing System Market Segmentation Analysis Report

The growth of the food & beverages industries has been on a rise across the globe. The increasing disposable income of people, along with the increasing trend of opting for ready-to-eat food, is driving the demand for premium food products. This is further resulting in the growing competition among companies in the domain, which is why players are looking for ways that can improve their position in the market. Since packaging is an important part of the industry, extensive attention is being paid to it.

Packaged food especially, needs to be safe and of intact quality when it reaches consumers. As UV curing systems are ideal for adhesive, coating, and printing applications, and don’t mess with the quality or safety of food, their demand in the industry is growing rapidly. The global UV curing system market is expected to attain a value of $2.4 billion by 2024, increasing from $1.4 billion in 2018, and progressing at an 8.8% CAGR during the forecast period (2019–2024).

Other than the food and beverages industry, the demand for UV curing systems is also growing for furniture manufacturing. They are being utilized for curing coatings of different substrates, such as wood, for quick drying and high-quality finishing. UV-cured coatings also protect substrates against different external agents, such as moisture, corrosion, and accidental chemical spills. Owing to these factors, the demand for UV curing systems is expected to increase at a substantial pace during the forecast period.

There are different types of UV curing systems, namely conveyor curing, hand-held curing, spot curing, and flood curing. Out of these, the demand for conveyor curing has been the highest in the past, since this type facilitates uniform ink curing. The steady speed of the conveyor ensures that every component is getting cured for the same amount of time. Due to such advantages, the demand for conveyor curing is further projected to be the highest in the coming years.

UV curing systems are utilized in a number of industries, such as healthcare, automotive, electronics, industrial manufacturing, and aerospace & defense. The largest demand for these systems was created by the automotive industry in the past because of the increasing adoption of electric vehicles around the world. Moreover, the adoption of UV curing systems is also projected to rise considerably in the electronics industry in the near future due to the rising requirement for IoT devices and consumer electronics.

According to a report by P&S Intelligence, the Asia-Pacific (APAC) region has been the largest UV curing systems market in the past. This is majorly due to the presence of a large number of electronics and automotive manufacturing companies in the region, particularly in countries including South Korea, China, Japan, and India. These industries are registering significant growth in APAC, owing to the increasing population and growing disposable income, and therefore are expected to create high demand for UV curing systems in the coming years.

In conclusion, the market is growing due to the rising use of UV curing systems in food & beverages and furniture industries.

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