The UV lamps market involves the production and sales of ultraviolet (UV) lamps and accessories. UV lamps emit ultraviolet light with a wavelength shorter than visible light and are primarily used in UV curing applications in printing, coating and other industries. Various types of UV lamps available include UV LEDs, UV mercury lamps and UV xenon lamps. UV curing provides quicker drying or curing times compared to traditional air or solvent drying methods, allows for consistent application of multiple thin coats and results in minimal volatile organic compound emissions. The increasing demand for UV curing in printing and coating industries is driving the growth of the UV lamps market.
The Global UV Lamps Market is estimated to be valued at US$ 853.98 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the UV Lamps market are ACCO Brands Corp.,dnp denmark as,Draper Inc,Elite Screens Inc,Glimm Screens BV,Grandview Crystal Screen Co. Ltd.,Groupe Adeo,Harkness Screens International Ltd,Legrand SA,Pioneer Audio Visual Equipment,Pyle USA Sound Around Inc,Remaco Technologies Pte Ltd.,Screen Innovations,Seiko Epson Corp.,Severtson Screens. Key players are focusing on new product launches, geographical expansions and mergers and acquisitions to gain market share.
There is a growing demand for UV curing in several end-use industries such as printing, industrial coating, healthcare, microelectronics and other industries. This is primarily attributed to advantages offered by UV curing such as faster curing, better performance and eco-friendly features. Increasing demand from various end-use industries is expected to drive the growth of the UV lamps Market Size during the forecast period.
The UV lamps market is expanding globally with growing applications of UV curing across regions. Key players are focusing on penetrating developing regions in Asia Pacific, Middle East and Latin America to tap the lucrative growth opportunities. Strategic partnerships and collaborations with regional players is helping key companies to strengthen their distribution networks in emerging markets.
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