UV-Curable Adhesives Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMCH769 | Last Updated On: Dec 20 2022 | Available Formats

>UV-Curable Adhesives Market Expected to reach a high CAGR 7.9% By 2029:

UV-Curable Adhesives Market is segmented By Resin Type (Acrylic, Cyanoacrylate, Epoxy, Others), By Application (Electronics, Medical, Industrial, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

UV-Curable Adhesives Market Share, Size, Demand Insights

UV-Curable Adhesives Market is expected to grow at a high CAGR 7.9% during the forecasting period (2022-2029).

UV-Curable Adhesives Market Scope and Summary

Metrics

Details

Market CAGR

7.9%

Segments Covered

By Resin Type, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

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UV Curing adhesives are lightly using curing resins that make use of Ultraviolet light or other varieties of radiation to provoke curing and to form a permanent bond without heating. UV-cured adhesives are also known as radiation curing or radcure resins. UV-cured adhesives incorporate oligomers, monomers, photo-graph initiators, and UV clear filters. These adhesives are in use for several decades, and the use of UV curved adhesives is widespread mainly in the assembly of medical devices as well as in the electronics industry as these are more environmentally and user-friendly.

The main factors driving the UV-Curable Adhesives Market considered are superior properties, like large bond power, quick curing rates, small VOC emissions, and growing demand for UV adhesives for flexible packaging applications. Asia-Pacific and North America control the demand for the UV-curable adhesives market for packaging applications. Asia-Pacific region is predictable to control the global UV-Curable Adhesives Market share. Among other countries, India is also one of the main customers of UV-curable adhesives in the Asia Pacific region. Strong development of the packaging market, growing investments, and production in the automotive and electronic industry are probable to push the demand for the UV-curable adhesives market during the forecast period 2022-2028.

Market Drivers and Restraints:

The principal characteristic properties of UV curable adhesives such as rapid curing, easy application, high bond strength cost-effectiveness, adaptability, and easy application of resins even important physical properties such as high bond strength, chemical resistance, and many more, offer better product performance compared to to to others. Moreover, these help in low Volatile Organic Compounds (VOC) emission and smooth finishing. Rapid curing can also help in minimizing material usage and production cost. Also, there is an increase in the demand for UV adhesives for flexible packaging applications that are expected to boost the UV-Curable Adhesives Market in the forecast period.

However, the drawback of UV-curing adhesives is they can resist only a limited number of sterilization cycles. Thus, presently these adhesives are mostly used in-dispensable devices that are sterilized fewer times. Another challenge is that oxygen inhibition causes a sticky layer on the top of the surface which results in incomplete curing.

UV-Curable Adhesives Market Segment and Shares Analysis

The UV-Curable Adhesives Market is segmented from an application into a few main segments such as medicine, transportation, packing, industrial, electronics, and others. Among all these medical applications occupies the dominant share. UV-curing adhesives are widely used in the pharmaceutical industry for device assemblage. These adhesives are most commonly used in manufacturing medical equipment like catheters, syringes, blood filters, and others. These UV-curable adhesives can be able to withstand harsh sterilization techniques like autoclaving. The increase in technological advancements and government schemes in Asia-Pacific has increased the production of medical devices mostly in India, China, and Japan. This helped to grow the number of healthcare providers as well as the existing facilities. These factors contribute to boosting the medical segment in the UV-curable adhesives market. The bonding properties of these UV cure adhesives used in clear plastic, glassware, glass furniture, and others have contributed to higher demand for UV curative bonding adhesives in medical and optical devices over the past few years.

In the forecast period, even an electronic application is going to witness a rapid surge. UV curing adhesives are mostly used in the electronics industry for the assemblage of electronics as well as in the protection of circuits. Few UV-curved adhesives contain additional modifiers such as pigments and fillers. UV-curved adhesives also include solvent-based resins and Volatile Organic Compound (VOC) which is used to alter the viscosity of a solution.

Based on resin type UV curable adhesives are segmented into acrylic, epoxy, cyanoacrylate, silicone, and a few others. Of all these acrylics copolymers are known to be one of the most widely used polymers for manufacturing UV-curable adhesives. Acrylate resin is preferred in UV-curing adhesives because it is water resistive with good impact strength. Medium-hard thermoplastic acrylic resin provides good adhesiveness to plastics, wood, metals, and others. Acrylic resin offers excellent mechanical properties, chemical resistance, and stability for automotive parts as it is mostly used in the automotive sector. With the increase in demand for these adhesives in the automotive and industrial industries, the market for acrylic-based UV-cured adhesives is expected to rise through the forecast period.

UV-Curable Adhesives Market Geographical Share

The global UV curable adhesive market is segmented by geographic region which includes North America, South America, Europe, Asia-Pacific, and ROW. The Asia Pacific occupies a significant share of the UV curable adhesive market. In the forecast period, the UV curable adhesive market in the Asia Pacific is expected to grow at a CAGR of XX%. Increased medical, transportation, and electronics industries in various countries in the Asia-Pacific region such as India, China, and Southeast Asia countries contributed to the growing market for UV-curable adhesives.

For example, the packaging industry in these countries is rising at a significant rate, owing to the expanding food & beverage, and retail sectors and due to cheap raw materials and low labor costs. The consumer durables like electronics appliances also have observed a remarkable increase in production and sales in these countries, due to rapid urbanization, and changes in the lifestyle of the people. All these factors are helping to boost the UV-curable adhesive market.

UV-Curable Adhesives Companies and Activities

Prominent players in the global electromechanical relay market are Henkel AG Company, H.B. Fuller Company, 3M Company, Dymax Corporation, DELO Industrial Adhesives, Dow Corning, SIKA, Bostik, Beacon Adhesives, Panacol-Elosol GmbH, Permabond LLC, Denka Company Ltd., Master Bond, and others. Product launches, partnerships, and expansions are some of the strategies adopted by players to increase their market share. For instance, in June 2018 Arsenal acquired Epoxy Technology Inc., one of the leading manufacturers of high-performance specialty epoxy, ultraviolet, and hybrid adhesives.

  • In 2017 Darex is acquired by Henkel for USD 1.05 billion which is a supplier of high-performance sealants and coatings.

The Global UV-Curable Adhesives Market report would provide access to an approx, 61 data tables, 54 figures, and 190 pages

 

Frequently Asked Questions

What is the UV-Curable Adhesives Market growth?

The market is growing at a High CAGR of 7.9%

What is the UV-Curable Adhesives Market size in 2021

The UV-Curable Adhesives Market size was valued at USD YY million in 2021.

Who are the key players in UV-Curable Adhesives Market?

DELO Industrial Adhesives, Dow Corning, SIKA, Bostik, Beacon Adhesives, Panacol-Elosol GmbH.

 

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