LAMEA UV Curing System Market By Application (Bonding & Assembling, Printing, Coating & Finishing, and Others), By Technology (UV LED and Mercury Lamp), By Verticals, the market is segmented Automotive, Aerospace & Defense, Industrial & Machinery, Energy, Electronics, Life Science & Medical, and Others), By Country, Opportunity Analysis and Industry Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa UV Curing System Market would witness market growth of 22.0% CAGR during the forecast period (2021-2027).
The adoption of UV curing systems is driven by the rise in preference towards sustainable products and the increasing number of strict mandates about utilizing green products. In addition, the growth of the industry is expected to witness bright prospects due to the many advantages of UV curing systems over the legacy curing systems and the increase in demand for UV LEDs across different industries.
Many light sources like medium pressure mercury vapor lamps, xenon lamps, electrodeless lamps, and argon-ion lasers are used to begin the process of polymerization. Among these, electrodeless lamps and medium pressure mercury lamps are significantly used. These lamps are located on the conveyor and are arranged to cure flat additionally as multi-dimensional parts. Moreover, there are many advantages of UV coatings such as increased performance, higher line speeds, and minimized or zero volatile compound emissions.
Regional countries like Argentina, UAE, South Africa, and others are quickly realizing the benefits of UV curing which include a massive surge in curing speed, waste reduction, less solvent emissions, less energy costs, and massive savings of space. As a result, these countries have increased the adoption of UV curing systems to reap such benefits. In addition, some countries of the region are aggressively investing in establishing new industries which would create more demand for UV curing systems in the regional market.
The Brazil market dominated the LAMEA Life Science & Medical UV Curing System Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $59.5 million by 2027. The Argentina market would witness a CAGR of 22.9% during (2021 - 2027). Additionally, The UAE market is experiencing a CAGR of 22.1% during (2021 - 2027).
Based on Application, the market is segmented into Bonding & Assembling, Printing, Coating & Finishing, and Others. Based on Technology, the market is segmented into UV LED and Mercury Lamp. Based on Verticals, the market is segmented Automotive, Aerospace & Defense, Industrial & Machinery, Energy, Electronics, Life Science & Medical, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Omron Corporation, Panasonic Corporation, Nordson Corporation, Kyocera Corporation, Thorlabs, Inc., Excelitas Technologies Corp., American Ultraviolet, IST Metz GmbH, Dymax Corporation, and Heraeus Holding GmbH.
Scope of the Study
Market Segments Covered in the Report:
- Bonding & Assembling
- Coating & Finishing
- UV LED
- Mercury Lamp
- Aerospace & Defense
- Industrial & Machinery
- Life Science & Medical
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Omron Corporation
- Panasonic Corporation
- Nordson Corporation
- Kyocera Corporation
- Thorlabs, Inc.
- Excelitas Technologies Corp.
- American Ultraviolet
- IST Metz GmbH
- Dymax Corporation
- Heraeus Holding GmbH
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