Energy Curing Market Insight: Market Trends, Growth, Forecasted from 2024 TO 2031

Market Overview and Report Coverage

Energy curing is a process in which ultraviolet (UV) or electron beam (EB) technology is used to instantly cure inks, coatings, adhesives, and other materials on various substrates. This technology offers fast curing times, high-quality finishes, and environmental benefits like reduced energy consumption and emissions compared to traditional solvent-based methods.

The energy curing market is expected to grow at a CAGR of 11% during the forecasted period. The increasing demand for sustainable and eco-friendly printing solutions, along with advancements in UV and EB technology, are driving the growth of this market. The packaging industry, in particular, is a key driver for the adoption of energy curing technology due to its high demand for fast and efficient curing solutions.

The market forecast for energy curing shows a continued upward trend, with steady growth projected in the coming years. Some key trends in the market include the development of new energy-curable materials, increased adoption of UV LED technology, and growing applications in various industries such as automotive, electronics, and healthcare. Overall, the energy curing market is poised for significant expansion and innovation in the near future.

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Market Segmentation

The Energy Curing Market Analysis by types is segmented into:

• Oligomers
• Monomers
• Pigments/Non-reactive/Additives
• Photo-initiators

Energy curing market consists of various types including oligomers, which are pre-polymers responsible for providing properties like hardness and flexibility to the cured material. Monomers are the building blocks of polymers that undergo polymerization to form a network structure. Pigments/non-reactive additives are used to impart color, opacity, and other desired properties to the cured material. Photo-initiators initiate the curing process by reacting with light, leading to polymerization and crosslinking of the material. These components together contribute to the successful curing of energy-curable materials.

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The Energy Curing Market Industry Research by Application is segmented into:

• Industrial Coatings
• Electronics
• Others

The energy curing market finds application in various industries such as industrial coatings, electronics, and others. In the industrial coatings sector, energy curing is used to provide durable and long-lasting coatings for products such as vehicles, furniture, and packaging. In the electronics industry, energy curing is utilized for encapsulation and protective coatings on electronic components. The other applications of energy curing technology include adhesives, inks, and medical devices, where fast curing times and environmental sustainability are essential.

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In terms of Region, the Energy Curing Market Players available by Region are:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

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What are the Emerging Trends in the Global Energy Curing market?

The global energy curing market is experiencing several emerging and current trends. The industry is seeing a significant shift towards UV LED curing technology due to its energy efficiency and eco-friendly properties. There is also a growing demand for low migration and low odor inks, coatings, and adhesives, particularly in the food packaging and healthcare sectors. Companies are investing in research and development to develop innovative products that can meet the evolving regulatory requirements and customer preferences. Additionally, there is a rising adoption of energy curing technologies in various end-use industries such as automotive, electronics, and construction.

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Major Market Players

The Energy Curing Market is highly competitive and includes key players such as BASF, DSM, Mitsubishi Chemical, Allnex, Arkema, Heraeus, IGM Resins, Alberdingk Boley, Covestro, Wanhua Chemical Group, Hitachi Chemical, Eternal Chemical, Jiangsu Sanmu Group, and Miwon Specialty Chemical.

Among these, BASF is one of the leading players in the market with a strong presence globally. The company has been focusing on expanding its product portfolio and investing in research and development to capitalize on the growing demand for energy curing products. DSM is another key player in the market, known for its innovative solutions and sustainable products. The company has been witnessing steady growth in the energy curing market due to its strong customer base and strategic partnerships.

In terms of market size, the energy curing market is expected to reach USD billion by 2027, growing at a CAGR of 9.5% during the forecast period. The market is driven by factors such as the increasing demand for eco-friendly products, technological advancements in energy curing systems, and growing applications in various industries like automotive, packaging, and electronics.

Some of the companies listed above have reported significant sales revenue in recent years. For example, BASF reported sales revenue of USD 79.8 billion in 2020, while DSM reported sales revenue of USD 10.3 billion in the same year. These companies are expected to continue to invest in research and development, product innovation, and strategic partnerships to maintain their market position and drive growth in the energy curing market.

Overall, the energy curing market is highly competitive, with key players investing in research and development and innovation to meet the growing market demand for sustainable and high-performance products.

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