Global UV Adhesives Market is valued approximately USD 1120 million in 2020 and is anticipated to grow with a healthy growth rate of more than 9.15 % over the forecast period 2021-2027. UV adhesives are solvent-free bonding materials that cure when exposed to UV rays in a variety of applications in these industries. Furthermore, these adhesives release few volatile organic compounds (VOCs), allowing them to be used in a wide range of applications. The UV adhesives market is growing due to improved performance for industrial applications, rising demand for small electronic goods, and strong demand in flexible packaging applications. For Instance: Intertronics, an adhesives provider, in 2021, has introduced Born2Bond Light Lock, a low-odor, low-bloom, dual-curing cyanoacrylate glue (CA) that cures in 5 seconds under UV light. However, the high cost of application machinery stifles market expansion. LED UV lamps are being improved and adopted in industrial applications, which could lead to market expansion.
The key regions considered for the global UV Adhesives market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the growing construction industry, increasing demand for electronic goods. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. In medical and electronics applications, demand for solvent-free and environmentally friendly adhesives has increased, which is projected to fuel demand for UV adhesives in the region.
Major market player included in this report are:
3M Company
Ashland, Inc.
Beacon Adhesives, Inc.
Dymax Corporation
Flint Group
H.B.Fuller Co.
Henkel AG & Co. KGaA
Hibond Adhesives
Masterbond, Inc.
Permabond Engineering Adhesives
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Resin Type:
Acrylic
Cyanoacrylate
Epoxy
Silicone
Polyurethane
Others
By Application:
Medical
Electronics
Glass Bonding
Packaging
Transportation
Industrial Assembly
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global UV Adhesives Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors