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Global UV Adhesive Market – Industry Trends and Forecast to 2030

Chemical and Materials

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Global UV Adhesive Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jun 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global UV Adhesive Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 1.35 Billion
Diagram Market Size (Forecast Year) USD 2.74 Billion
Diagram CAGR %

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

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

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2023

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Epoxy, Acrylic, Cyanoacrylate, Silicone, Polyurethane), Application (Glass Bonding, Electronics, Packaging & Laminating, Medical & Pharmaceuticals, Industrial Application), End- Users (Medical, Electronics, Transportation, Industrial Assembly)

Countries Covered

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

Market Players Covered

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

Market Opportunities

  • Increasing demand from industrial companies for high-tech machinery and equipment
  • Industrial applications of improved and adopted LED UV lamps
  • The development of technology and the rise in the demand for electronic gadgets

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

  • 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.

  • 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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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The UV Adhesive Market is known to be worth USD 2.74 billion by 2030.
The Growth Rate of UV Adhesive Market is 9.3 % by 2030
Roofing, boatbuilding, and window glazing. UV Adhesive products have been approved for use in contact lenses and medical implants, respectively, these applications are driving the UV Adhesive Market.
The major players companies in the UV adhesive market are 3M, Henkel AG & Co. KGaA , H.B. Fuller Company. , Permabond LLC , BASF SE, Dow , etc.
Product type, application, and end-users are the factors on which UV Adhesive Market research is based.
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