Market Trends <br>Market Growth for UV and EB Forecast at 6 Percent to 9 Percent per Year
UV and EB are high-value, rapid-throughput processes offering lower energy consumption and the virtual elimination of emissions compared with traditional methods — providing manufacturers with a safe, fast and efficient pollution-prevention technology. As a result, the industry continues to grow at over twice the rate of traditional processes.
The survey is conducted every two years, with respondents reporting growth of UV- and EB-formulated product usage up over 8 percent during the two-year period 2000 and 2001, to just over 77,000 metric tons. During much of that period, the U.S. manufacturing sector was in decline, leading up to September 11, when the U.S. economy fell into a broad recessionary climate. Survey respondents suggest that the moderation in growth of UV/EB from previous double-digit levels reflects overall weakening economic conditions, rather than any lessening in enthusiasm for the technology.