Summary

The Middle East and Africa region is witnessing a significant rise in the UV-cured coating industry, offering a compelling blend of innovation and technology. This thriving sector has captured the attention of various industries, including automotive, electronics, construction, and manufacturing, among others. UV-cured coatings, with their rapid curing capabilities and superior performance, have emerged as a preferred choice for surface protection, enhancement, and decoration. The Middle East and Africa region, known for its rich cultural heritage and vibrant economies, presents a promising market for UV curd coating applications. With a focus on sustainability, environmental consciousness, and technological advancements, the industry in this region is poised for substantial growth. The demand for UV-cured coatings is driven by their exceptional qualities, including excellent gloss, colour retention, scratch resistance, and chemical durability. Moreover, these coatings provide a safe and eco-friendly alternative with reduced emissions and negligible volatile organic compounds (VOCs). As manufacturers and consumers seek high-quality, visually appealing, and long-lasting coating solutions, the Middle East and Africa UV-cured coating industry stands as a beacon of innovation, poised to shape the future of surface coating across a multitude of sectors. In the early stages, the focus in the MEA region was primarily on traditional solvent-based coatings. However, as environmental regulations became more stringent and the demand for sustainable coating solutions increased, the UV-cured coating market began to emerge. The technology gained recognition for its ability to deliver fast curing times, reduced energy consumption, and lower emissions of volatile organic compound (VOCs). The MEA region witnessed a growing interest in UV-cured coatings during the late 20th century. Initially, the automotive industry showed considerable adoption, utilising UV-cured coatings for vehicle refinishing and original equipment manufacturing (OEM) applications. The coatings offered advantages such as improved productivity, superior gloss, and enhanced scratch resistance, contributing to the industry's growth.

According to the research report "Middle East and Africa UV Curd Coating Market Outlook, 2028," published by Bonafide Research, the Middle East and Africa UV Curd Coating market is anticipated to reach a USD 730.85 Million market size by the end of the forecast period. The MEA region is witnessing rapid industrialization, particularly in sectors such as automotive, construction, electronics, and packaging. These industries require advanced coating solutions for surface protection, decoration, and functional purposes, creating a demand for UV-cured coatings. Continuous advancements in UV curing technology and coating formulations have expanded the capabilities of UV-cured coatings. These advancements have improved curing efficiency, adhesion, flexibility, and overall performance, making UV-cured coatings more versatile and attractive to industries in the MEA region. As awareness of the benefits of UV-cured coatings increases in the MEA region, manufacturers and end-users are actively seeking information and education on the technology. This awareness drives the adoption of UV-cured coatings as a viable and superior alternative to traditional coating methods. Based on the composition segment, there are oligomers, monomers, photoinitiators, PU dispersions, and others. Monomers have the highest market share; when exposed to ultraviolet light, monomers undergo polymerization, which results in the formation of a solid and long-lasting coating. As a result, monomers are essential components of UV-cured coatings. Because of their high reactivity, monomers can cure more quickly and increase production efficiency. This quality is especially important in industries like packaging, electronics, and automotive, where quick turnaround times are essential.

The governments in the Middle East and Africa (MEA) region have recognised the potential and benefits of UV-cured coatings, leading to various initiatives and policies to support the growth of the market. Governments in the MEA region have implemented strict environmental regulations aimed at reducing the emissions of volatile organic compounds (VOCs) and promoting sustainable practises. These regulations encourage the use of UV-cured coatings, which emit significantly lower levels of VOCs compared to solvent-based coatings. By promoting the adoption of UV-cured coatings, governments aim to protect the environment and improve air quality. Governments in the MEA region are investing in research and development activities related to UV curing technology and coatings. These initiatives promote innovation and the development of advanced coating solutions tailored to the specific needs of industries in the region. The aim is to foster technological advancements, improve coating performance, and enhance the competitiveness of the MEA UV-cured coating market on a global scale. Furthermore, governments in the MEA region collaborate with industry associations, research institutes, and manufacturers to support the growth of the UV-cured coating market. They provide support through funding, grants, and incentives to encourage the development and adoption of UV-cured coatings. These collaborations aim to foster knowledge exchange, promote best practises, and create a conducive environment for the growth of the UV-cured coating industry. As well as the governments in the MEA region, actively promote the export of UV-cured coatings and related products to enhance economic growth and increase international competitiveness. They facilitate trade agreements, remove trade barriers, and provide support to local manufacturers to expand their market reach. This focus on trade and export promotion enables MEA-based UV-cured coating manufacturers to tap into global markets and boost the region's economic development.

Based on the types of coatings (wood coatings, plastic coatings, overprint varnish, display coatings, and conformal coatings), in the Middle East and Africa, wood coating is an important segment. Wooden furniture, flooring, and other decorative items are extremely popular in the Middle East and Africa. Wood is generally utilised in customary and contemporary design, mirroring the locale's rich social legacy. Coatings made of wood that cure in the sun are a great way to improve and protect these wooden surfaces while keeping their natural beauty and extending their lifespan. The Middle East and Africa experience high temperatures, intense sunlight, and dry climatic conditions. These environmental factors can pose challenges to the durability and aesthetics of wooden surfaces. UV-cured wood coatings offer exceptional resistance to UV radiation, heat, and moisture, making them ideal for protecting wood against fading, discoloration, warping, and cracking caused by climatic conditions. Based on the end user segment, this includes industrial coatings, electronics, and graphic arts. Industries using more UV-curable coatings offer rapid curing times, enabling faster production cycles and reduced downtime. This characteristic is particularly beneficial for industrial applications where efficiency and productivity are paramount. With UV-curable coatings, manufacturers can achieve shorter curing times compared to traditional solvent-based coatings, resulting in increased output and improved operational efficiency.

Recent Development:

• Hempel has expanded its production facilities in the MEA region to meet the growing demand for UV cured coatings. The company has launched new formulations specifically designed for various industrial applications, such as oil and gas, power generation, and marine sectors.

• BASF has introduced new UV cured coating products for the automotive industry in the MEA region. These coatings offer enhanced durability, weather resistance, and high gloss finishes, catering to the evolving needs of the automotive sector.

• AkzoNobel has launched a range of UV cured wood coatings in the MEA region, addressing the growing demand for wood surface protection. These coatings offer excellent clarity, color retention, and resistance to UV radiation, ensuring long-lasting protection and aesthetic appeal.

• Berger Paints has introduced new UV cured coatings for industrial applications in the MEA region. These coatings provide superior durability, chemical resistance, and scratch resistance, making.

• Jotun has recently launched new UV cured coatings for the marine industry in the MEA region. These coatings offer enhanced antifouling properties, corrosion resistance, and high-performance finishes, contributing to the efficiency and longevity of marine vessels.

Considered in this report

• Geography: Middle East and Africa
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• Middle East and Africa UV Curd Coating market with its value and forecast along with its segments
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:

• UAE
• Saudi Arabia
• South Africa

By Composition

• Oligomers
• Monomers
• Photoinitiators
• PU Dispersions
• Others

By Type

• Wood Coatings
• Plastic Coatings
• Over Print Varnish
• Display Coatings
• Conformal Coatings

By End use industry

• Industrial Coatings
• Electronics
• Graphic Arts

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Smart Lighting industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.



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Table of Contents

Table of Contents

1. Executive Summary
2. Research Methodology
2.1. Secondary Research
2.2. Primary Data Collection
2.3. Market Formation & Validation
2.4. Report Writing, Quality Check & Delivery
3. Market Structure
3.1. Market Considerate
3.2. Assumptions
3.3. Limitations
3.4. Abbreviations
3.5. Sources
3.6. Definitions
4. Economic /Demographic Snapshot
5. Global UV Cured Coatings Market Outlook
5.1. Market Size By Value
5.2. Market Share By Region
5.3. Market Size and Forecast, By Composition
5.4. Market Size and Forecast, By Application Type
6. Middle East & Africa UV Cured Coatings Market Outlook
6.1. Market Size By Value
6.2. Market Share By Country
6.3. Market Size and Forecast, By Composition
6.4. Market Size and Forecast, By Application Type
6.5. Market Dynamics
6.5.1. Market Drivers & Opportunities
6.5.2. Market Restraints & Challenges
6.5.3. Market Trends
6.5.4. Covid-19 Effect
6.5.5. Supply chain Analysis
6.5.6. Policy & Regulatory Framework
6.5.7. Industry Experts Views
6.6. UAE UV Cured Coatings Market Outlook
6.6.1. Market Size By Value
6.6.2. Market Size and Forecast By Composition
6.6.3. Market Size and Forecast By Application Type
6.7. Saudi Arabia UV Cured Coatings Market Outlook
6.7.1. Market Size By Value
6.7.2. Market Size and Forecast By Composition
6.7.3. Market Size and Forecast By Application Type
6.8. South Africa UV Cured Coatings Market Outlook
6.8.1. Market Size By Value
6.8.2. Market Size and Forecast By Composition
6.8.3. Market Size and Forecast By Application Type
7. Competitive Landscape
7.1. Competitive Dashboard
7.2. Business Strategies Adopted by Key Players
7.3. Key Players Market Positioning Matrix
7.4. Porter's Five Forces
7.5. Company Profile
7.5.1. The Sherwin-Williams Company
7.5.1.1. Company Snapshot
7.5.1.2. Company Overview
7.5.1.3. Financial Highlights
7.5.1.4. Geographic Insights
7.5.1.5. Business Segment & Performance
7.5.1.6. Product Portfolio
7.5.1.7. Key Executives
7.5.1.8. Strategic Moves & Developments
7.5.2. PPG Industries, Inc.
7.5.3. Akzo Nobel N.V
7.5.4. BASF SE
7.5.5. DIC Corporation
7.5.6. Croda International plc
7.5.7. Wacker Chemie AG
7.5.8. Ashland Inc.
7.5.9. Allnex
7.5.10. Covestro AG
7.5.11. Arkema S.A.
7.5.12. The Dow Chemical Company,
8. Strategic Recommendations
9. Annexure
9.1. FAQ`s
9.2. Notes
9.3. Related Reports
10. Disclaimer

List of Figures

Figure 1: Global UV Cured Coatings Market Size (USD Billion) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Segment 2028
Figure 4: Global UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 5: Global UV Cured Coatings Market Share By Region (2022)
Figure 6: Middle East & Africa UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 7: Middle East & Africa UV Cured Coatings Market Share By Country (2022)
Figure 8: UAE UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 9: Saudi Arabia UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 10: South Africa UV Cured Coatings Market Size By Value (2017, 2022 & 2028F) (in USD Billion)
Figure 11: Competitive Dashboard of top 5 players, 2022
Figure 12: Porter's Five Forces of Global UV Cured Coatings Market

List of Tables

Table 1: Global UV Cured Coatings Market Snapshot, By Segmentation (2022 & 2028) (in USD Billion)
Table 2: Top 10 Counties Economic Snapshot 2020
Table 3: Economic Snapshot of Other Prominent Countries 2020
Table 4: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 5: Global UV Cured Coatings Market Size and Forecast, By Composition (2017 to 2028F) (In USD Billion)
Table 6: Global UV Cured Coatings Market Size and Forecast, By Application Type (2017 to 2028F) (In USD Billion)
Table 7: Middle East & Africa UV Cured Coatings Market Size and Forecast, By Composition (2017 to 2028F) (In USD Billion)
Table 8: Middle East & Africa UV Cured Coatings Market Size and Forecast, By Application Type (2017 to 2028F) (In USD Billion)
Table 9: Influencing Factors for Global UV Cured Coatings Market, 2022
Table 10: United Arab Emirates UV Cured Coatings Market Size and Forecast By Composition (2017 to 2028F) (In USD Billion)
Table 11: United Arab Emirates UV Cured Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 12: Saudi Arabia UV Cured Coatings Market Size and Forecast By Composition (2017 to 2028F) (In USD Billion)
Table 13: Saudi Arabia UV Cured Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)
Table 14: South Africa UV Cured Coatings Market Size and Forecast By Composition (2017 to 2028F) (In USD Billion)
Table 15: South Africa UV Cured Coatings Market Size and Forecast By Application Type (2017 to 2028F) (In USD Billion)