South 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 South America is expected to grow from US$ 103.87 million in 2021 to US$ 159.82 million by 2028; it is estimated to grow at a CAGR of 6.3% from 2021 to 2028.
Currently, there is an increase in the use of 3D printing in the market. Many companies are increasingly using this technology to create a three-dimensional structure for rapid prototyping and additive manufacturing. The UV curing process is based on a photochemical reaction, using light instead of heat, which instantly dries and cures the inks. Therefore, with the high adoption of 3D printing in the market, the market for UV curing is simultaneously growing, and it will continue to increase in the coming years. For instance, RADTECH is using UV curing systems for the 3D printing process and additive manufacturing. Arkema Group is using the 3D printing technology using the UV curing method for providing superior performance and faster curing material to its customers. Thus, the increasing adoption of UV curing technology in the 3D printing industry will support the growth of UV curing systems in the coming years. UV curing solutions are appealing to industrial wood coating applications because of their utilization on heat-sensitive wood substrates like pine, fir, spruce, and mahogany. When resinous, oily woods become excessively heated, the resins or pitch can rise to the surface, causing discoloration as well as adhesion problems. The composition of wood varies greatly, making it difficult to properly prepare these materials for coating. LED curing at lower temperatures is excellent for these woods, and it may even allow the use of lower-grade woods. These factors influence the high adoption of UV curing coating for 3D printing and wood coating, thereby influencing the market's growth.
South America UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
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South America UV Curing System Market Segmentation
The South 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 South 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 South America UV curing system market is segmented into Brazil, Argentina, and the Rest of South America. In 2020, Brazil held the largest market share; and Argentina is expected to grow at the fastest CAGR during the forecast period.
American Ultraviolet, Excelitas Technologies Corp., Hanovia-uv, Heraeus Holding, Nordson Corporation, and Phoseon Technology are among the leading companies in the South 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. South America UV Curing System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. South America UV Curing System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Accelerating Demand for UV LED-Based Curing over Conventional Curing Methods
5.1.2 Tighter Government Regulations for Conventional Coating Process
5.2 Market Restraints
5.2.1 Bounded Depth of Curing
5.3 Market Opportunities
5.3.1 Widening Investment in Strategic Developments by Major Players
5.4 Future Trends
5.4.1 Elevating Adoption of UV Curing Solutions for 3D Printing and Wood Coating
5.5 Impact Analysis of Drivers and Restraints
6. South America UV Curing System Market Analysis
6.1 South America UV Curing System Market Overview
6.2 South America UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
7. South America UV Curing System Market Analysis – by Application
7.1 Overview
7.2 South 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. South America UV Curing System Market Analysis – by End User
8.1 Overview
8.2 South 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. South America UV Curing System Market – Country Analysis
9.1 Overview
9.1.1 SAM: UV Curing System Market, by Key Country
9.1.1.1 Brazil: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: UV Curing System Market, by Application
9.1.1.1.2 Brazil: UV Curing System Market, by End User
9.1.1.2 Argentina: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: UV Curing System Market, by Application
9.1.1.2.2 Argentina: UV Curing System Market, by End User
9.1.1.3 Rest of SAM: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of SAM: UV Curing System Market, by Application
9.1.1.3.2 Rest of SAM: 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 Excelitas Technologies Corp
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 Nordson Corporation
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 Phoseon Technology
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 Heraeus Holding GmbH
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 American Ultraviolet
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 Hanovia-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
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. South America UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of SAM: UV Curing System Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of SAM: UV Curing System Market, by End User –Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. South America UV Curing System Market Segmentation
Figure 2. South America UV Curing System Market Segmentation – By Country
Figure 3. South America UV Curing System Market Overview
Figure 4. Bonding & Assembling Segment held the largest share in 2020
Figure 5. Brazil held the largest share in 2020
Figure 6. South America: PEST Analysis
Figure 7. South America UV Curing System Market – Ecosystem Analysis
Figure 8. Expert Opinion
Figure 9. South America UV Curing System Market: Impact Analysis of Drivers and Restraints
Figure 10. South America UV Curing System Market Revenue and Forecast to 2028 (US$ Million)
Figure 11. South 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. South 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. South America UV Curing System Market – Geographic Analysis
Figure 22. SAM: UV Curing System Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. Brazil: UV Curing System Market – Revenue Forecast to 2028 (US$ Million)
Figure 24. Argentina: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of SAM: UV Curing System Market – Revenue and Forecast to 2028 (US$ Million)
- Excelitas Technologies Corp
- Nordson Corporation
- Phoseon Technology
- Heraeus Holding GmbH
- Hanovia-UV
- American Ultraviolet
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South 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 South 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 South 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