Global UV Adhesive Market, By Product Type (Epoxy, Acrylic, Cyanoacrylate, Silicone, Polyurethane), Application (Glass Bonding, Electronics, Packaging & Laminating, Medical & Pharmaceuticals, Industrial Application), End- Users (Medical, Electronics, Transportation, Industrial Assembly) – Industry Trends and Forecast to 2030.
UV Adhesive Market Analysis and Size
One kind of radiation-curable adhesive is UV adhesives, which harden fast when exposed to electromagnetic radiation, which also includes visible light and electron beams. Excellent adherence is offered by UV adhesives to a range of materials, including paper, plastic, metal, and wood. During application, they produce little to no emissions of volatile organic compounds.
Data Bridge Market Research analyses that the UV adhesive market which was USD 1.35 billion in 2022, would rocket up to USD 2.74 billion by 2030, and is expected to undergo a CAGR of 9.3% during the forecast period. “Acrylic” dominates the product type segment of the UV adhesive market because of having faster cure speed, being less sensitive to surface preparation, and bonding more types of materials. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
UV Adhesive Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2023
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Epoxy, Acrylic, Cyanoacrylate, Silicone, Polyurethane), Application (Glass Bonding, Electronics, Packaging & Laminating, Medical & Pharmaceuticals, Industrial Application), End- Users (Medical, Electronics, Transportation, Industrial Assembly)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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3M (U.S.), Henkel AG & Co. KGaA (Germany), H.B. Fuller Company. (U.S.), Permabond LLC (U.S.), BASF SE (Germany), Dow (U.S.), Cartell (UK) Ltd (U.K.), Panacol-Elosol GmbH (Germany), Excelitas Technologies Corp. (U.S.), DELO Industrial Adhesives (U.S.), Dymax (U.S.), Ashland. (U.S.), Sika AG (Switzerland), Bostik (France), Epoxy Technology, Inc. (U.S.), Loxeal S.r.l. (Italy), and Fasto Advance Adhesives Technologies. (Australia), among others
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Market Opportunities
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Market Definition
UV adhesives are often used to align and place pieces precisely. These substances can be used for either temporary or structural bonding. The comparable and dissimilar substrates that UV cure adhesives may bond to include metals, rubbers, glass, ceramics, and polymers like polycarbonates, acrylics, and phenolics. The optical clarity and translucency, dimensional stability, minimal shrinkage, and resistance to chemicals, fuels, solvents, and moisture are all features of certain grades. To satisfy strict end user requirements, UV adhesives offer protection against environmental deterioration from outside weathering.
Global UV Adhesive Market Dynamics
Drivers
- Increasing demand for and use of UV adhesives
The market is expanding as a result of rising demand for UV adhesives because of its quick drying times, strong bonds, and reduced VOC emissions. The market is anticipated to increase as a result of rising environmental concerns and more stringent VOC emission regulations. The demand for UV Adhesives among customers is anticipated to be driven by the growing awareness of the damaging effects of UV radiation on human skin. The market for UV adhesives is anticipated to increase as solar roofs and other eco-friendly products become more widely used.
- The proliferation of new adhesive technologies
One of the key reasons for this increase in demand for UV-resistant adhesives is their use in electronic components and other sensitive areas. These adhesives are also used in various applications, such as roofing, boatbuilding, and window glazing. UV Adhesive products have been approved for use in contact lenses and medical implants, respectively. These applications are expected to drive the growth of the UV Adhesive market over the next several years.
Opportunities
- Increasing demand from industrial companies for high-tech machinery and equipment
Furthermore, the development of technology and the rise in the demand for electronic gadgets to meet growing market demand, industrial applications of improved and adopted LED UV lamps, and extend profitable opportunities to the market players from 2023 to 2030. Additionally, increasing demand from industrial companies for high-tech machinery and equipment will further expand the future growth of the UV adhesive market.
Restraints/Challenges
- Simple access to affordable and efficient substitute adhesives
The expansion of the market is anticipated to be constrained by the simple availability of effective alternative adhesives at cheap prices. UV adhesives may be replaced with a variety of inexpensive substitutes that are readily accessible on the market. This element is impeding market expansion. Since UV adhesives are still relatively new and in their infancy on the market, there is a lack of knowledge about them in developing countries, which is having a significant impact on demand.
This UV adhesive market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the UV adhesive market contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.
Recent Developments
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In January 2023, The Dow and Last Mile Education Fund announced a collaborative fund to invest in low-income students nearing completion of their manufacturing and skilled trades programs at institutions in Dow communities.
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In February 2022, Arkema, the parent company of Bostik, finalized the acquisition of Permoseal and strengthened its position in adhesives in South Africa.
Global UV adhesive Market Scope
The UV adhesive market is segmented on the basis of product type, application, and end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Epoxy
- Acrylic
- Cyanoacrylate
- Silicone
- Polyurethane
Application
- Glass bonding
- Electronics
- Packaging & Laminating
- Medical & Pharmaceuticals
- Industrial application
End-Users
- Medical
- Electronics
- Transportation
- Industrial assembly
Global UV Adhesive Market Regional Analysis/Insights
The UV adhesive market is analysed and market size insights and trends are provided by country, product type, application, and end-users, as referenced above.
The countries covered in the UV adhesive market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is expected to dominate the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2023-2030. The increasing investment and growing demand for high technology medical equipment is expected to enhance market growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global UV Adhesive Market Share Analysis
The UV adhesive market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the UV adhesive market.
Some of the major players operating in the UV adhesive market are:
- 3M (U.S.)
- Henkel AG & Co. KGaA (Germany)
- H.B. Fuller Company. (U.S.)
- Permabond LLC (U.S.)
- BASF SE (Germany)
- Dow (U.S.)
- Cartell (UK) Ltd (U.K.)
- Panacol-Elosol GmbH (Germany)
- Excelitas Technologies Corp. (U.S.)
- DELO Industrial Adhesives (U.S.)
- Dymax (U.S.)
- Ashland. (U.S.)
- Sika AG (Switzerland)
- Bostik (France)
- Epoxy Technology, Inc. (U.S.)
- Loxeal S.r.l. (Italy)
- Fasto Advance Adhesives Technologies. (Australia)
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