About Energy Curing
Curing is a photochemical method for drying inks, coatings, and adhesives using a high-intensity electromagnetic pulse. This method entails combining liquid monomers and oligomers with a small amount of photo-initiators, which is then exposed to energy. The inks, coatings, and adhesives harden almost immediately after that. Heat and drying methods were used in the traditional process.The traditional approach involved traditional heat and drying techniques, which relied on the concept of solvent evaporation and decreased the initial application of coatings by at least 50%, resulting in pollution and product volume loss. However, the curing technology is advantageous because it decreases waste, energy use, and pollutant emissions while also increasing productivity.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Energy Curing market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Allnex Belgium SA/NV (Belgium), Alberdingk Boley GmbH (Germany), BASF SE (Germany), DSM AGI Corporation (Taiwan), Covestro AG (Germany), Nippon Synthetic Chem Industry Co., Ltd. (Japan), Wanhua Chemical Group Co., Ltd. (China) and Hitachi Chemical Company Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Eternal Chemical Co. Ltd. (Taiwan), Miwon Specialty Chemical Co. Ltd. (South Korea) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Energy Curing market by , Application (Industrial Coatings, Wood & Paper Coatings, Plastic Coatings, Metal Coatings, Overprint Varnish, Electronics and Printing Inks) and Region.
On the basis of geography, the market of Energy Curing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Composition, the sub-segment i.e. Oligomers will boost the Energy Curing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Oligomer Chemistry, the sub-segment i.e. Non-acrylates & Oligoamines will boost the Energy Curing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Growing inclination toward eco-friendly products, along with stringent regulations regarding use of green products and Greater benefits of UV curing systems than traditional curing systems
Challenges:
Slowdown in production of manufacturing industries
Restraints:
Limited depth of curing
Opportunities:
High-growth prospects of UV curing technology in new applications and Growth in Emerging Countries
Market Leaders and their expansionary development strategies
In October 2023, Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, announced that it has acquired a controlling stake of eks Energy, a leading supplier of power electronics and energy management solutions for storage and renewables integration, based in Seville, Spain, from Powin LLC (Powin), a top global energy storage system provider.
In October 2023, Evonik launched the first product from its new range of next generation of TEGO RC solutions: TEGO® RC 2000 LCF. Made using recycled silicone feedstocks, the new released coating can be cured using either the less energy intensive UV LED or traditional UV Arc lamps, helping label producers lower their carbon footprint to meet growing sustainability ambitions.
Key Target Audience
Energy Curing Manufactures, New Entrants and Investors, Energy Curing Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.