The global UV-curable adhesives market size reached US$ 352.2 Million in 2023. Looking forward, the market is projected to reach US$ 605.4 Million by 2032, exhibiting a growth rate (CAGR) of 6.20% during 2023-2032.
A UV-curable adhesive is a type of light-curing adhesive that cures through UV light exposure without requiring any heating, making it ideal for packaging temperature-sensitive materials or devices. Post application, these adhesives use ultraviolet light or other varieties of radiation to induce hardening and to form a permanent bond without heating. Environment and user-friendly in nature, they consist of oligomers, monomers, photo-graph initiators, and UV clear filters that promote quick curing.
These products offer superior properties, such as rapid curing rates, high bond strength, and low VOC emissions. They are also extremely strong, flexible, and can withstand extreme temperatures and humidity. Their chemical resistance and quick curing time make them ideal for bonding, encapsulating, coating, tacking, and sealing applications in a wide range of industries.
Apart from this, the widespread utilization of environment-friendly industrial coatings and the escalating demand for UV-curable inks in packaging applications are fueling the market. Moreover, the increasing use of UV-curable resins in 3D printing, barrier films, and printed circuits is impacting the market positively. Some of the other factors contributing to the market include rapid urbanization and industrialization, considerable growth in the e-commerce industry, and extensive research and development (R&D) activities.
2. What is the expected growth rate of the global UV-curable adhesives market during 2024-2032?
3. What are the key factors driving the global UV-curable adhesives market?
4. What has been the impact of COVID-19 on the global UV-curable adhesives market?
5. What is the breakup of the global UV-curable adhesives market based on resin type?
6. What are the key regions in the global UV-curable adhesives market?
7. Who are the key players/companies in the global UV-curable adhesives market?
A UV-curable adhesive is a type of light-curing adhesive that cures through UV light exposure without requiring any heating, making it ideal for packaging temperature-sensitive materials or devices. Post application, these adhesives use ultraviolet light or other varieties of radiation to induce hardening and to form a permanent bond without heating. Environment and user-friendly in nature, they consist of oligomers, monomers, photo-graph initiators, and UV clear filters that promote quick curing.
These products offer superior properties, such as rapid curing rates, high bond strength, and low VOC emissions. They are also extremely strong, flexible, and can withstand extreme temperatures and humidity. Their chemical resistance and quick curing time make them ideal for bonding, encapsulating, coating, tacking, and sealing applications in a wide range of industries.
UV-Curable Adhesives Market Trends
The market is majorly driven by the escalating product demand in numerous end-use industries for the production of ceramic, rubber, metal, electronics, pharmaceuticals and plastic substrates. In addition to this, the growing need for better production rates resulting in the rapid utilization of assembly lines in the electronics industry is fueling the market. Also, the rising demand for UV adhesives for flexible packaging applications requiring weather resistance is providing an impetus to the market. This can be attributed to the rapid utilization of these adhesives in laminating films, papers, and foils for product packaging purposes.Apart from this, the widespread utilization of environment-friendly industrial coatings and the escalating demand for UV-curable inks in packaging applications are fueling the market. Moreover, the increasing use of UV-curable resins in 3D printing, barrier films, and printed circuits is impacting the market positively. Some of the other factors contributing to the market include rapid urbanization and industrialization, considerable growth in the e-commerce industry, and extensive research and development (R&D) activities.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global UV-curable adhesives market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on resin type, substrate and end user.Breakup by Resin Type:
- Silicone
- Acrylic
- Polyurethane
- Epoxy
- Other Resin Types
Breakup by Substrate:
- Ceramic
- Glass
- Composites
- Metal
- Plastics
- Rubber and Elastomers
- Others
Breakup by End User:
- Medical
- Electrical and Electronics
- Transportation
- Packaging
- Furniture
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Beacon Adhesives Inc., DELO Industrie Klebstoffe GmbH & Co. KGaA, Denka Company Limited, Dow Corning Corporation (Dow Chemical Company), Dymax Corporation, Epoxy Technology (Meridian Adhesives Group LLC), H.B. Fuller Company, Henkel AG & Co. KGaA, Master Bond Inc., Panacol-Elosol GmbH, Permabond LLC and Sika AG.Key Questions Answered in This Report
1. What was the size of the global UV-curable adhesives market in 2023?2. What is the expected growth rate of the global UV-curable adhesives market during 2024-2032?
3. What are the key factors driving the global UV-curable adhesives market?
4. What has been the impact of COVID-19 on the global UV-curable adhesives market?
5. What is the breakup of the global UV-curable adhesives market based on resin type?
6. What are the key regions in the global UV-curable adhesives market?
7. Who are the key players/companies in the global UV-curable adhesives market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global UV-Curable Adhesives Market
6 Market Breakup by Resin Type
7 Market Breakup by Substrate
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 3M Company
- Beacon Adhesives Inc.
- DELO Industrie Klebstoffe GmbH & Co. KGaA
- Denka Company Limited
- Dow Corning Corporation (Dow Chemical Company)
- Dymax Corporation
- Epoxy Technology (Meridian Adhesives Group LLC)
- H.B. Fuller Company
- Henkel AG & Co. KGaA
- Master Bond Inc.
- Panacol-Elosol GmbH
- Permabond LLC
- Sika AG
Methodology
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 352.2 Million |
| Forecasted Market Value ( USD | $ 605.4 Million |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
