Printing is Expected to be the Fastest Growing Segment During the Forecast Period 2021–2028
According to The Insight Partners market research study on “Middle East & Africa UV Curing System Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Application and End User” is expected to reach US$ 309.34 million by 2028 from US$ 190.90 million in 2021. The market is estimated to grow at a CAGR of 7.1% from 2021 to 2028. The report provides trends prevailing in the Middle East & Africa UV curing system market along with the drivers and restraints pertaining to the market growth. Heighten investment in strategic developments by major players, thriving adoption of UV curing solutions for 3D printing and wood coating, and strong government regulations by major players are the major factor driving the growth of the Middle East & Africa UV curing system market. However, small depth of curing hinders the growth of Middle East & Africa UV curing system market.
The Middle East & Africa UV curing system market is segmented on the basis of 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 a larger share of the market; and the printing segment is expected to register a higher CAGR during the forecast period. Based on end user, the Middle East & Africa 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. Further, based on country, the Middle East & Africa UV curing system market is segmented into South Africa, Saudi Arabia, the UAE, and Rest of MEA. In 2020, the UAE held the largest market share; and Saudi Arabia is expected to grow at the fastest CAGR during the forecast period.
Dymax Corporation, Excelitas Technologies Corp., Hanovia-uv, Heraeus Holding, Nordson Corporation, and Phoseon Technology are among the leading companies in the Middle East & Africa UV curing system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Excelitas Technologies® Corp. recently launched its next-generation spot UV curing system, the OmniCure® S2000 Elite.
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