UV Cured Adhesive Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028

UV Cured Adhesive Market- Introduction:

UV cured adhesives use ultraviolet light or other types of radiation to initiate curing and to form a permanent bond without heating. Ultraviolet or visible light cures are a combination of oligomers and monomers in UV cured adhesives. UV cured adhesives are also otherwise known as radiation curing or radcure adhesives. UV cured adhesives contain oligomers, monomers, photoinitiators and UV transparent filters. A UV photoinitiator component creates free radicals. These free radicals come into action when they are exposed to UV light and start crosslinking between the unsaturation sites in oligomers or monomers. UV cured adhesives are in use since several decades and the use of UV curved adhesives is widespread particularly in the assembly of medical devices as well as in the electronics industry. The usage of UV cured adhesives became popular since 1980 for the assembly of medical devices, as manufacturers found that the usage of UV curved adhesives is more environment and user friendly.

Following the growth of the electronics industry in 1990, UV curved adhesives are widely used to speed up production by providing instant and high-performance bonding. In addition, UV curved adhesives are used for the manufacturing of various medical equipment in the medical industry, which include catheters, syringes, blood filters and many more. UV curved adhesives are also widely used in the electronics industry for the assembly of electronics as well as circuit protection. Some of the UV curved adhesives contain additional modifiers such as pigments, fillers and chopped fibre reinforcements. UV curved adhesives also contain solvent-based resins and Volatile Organic Compound (VOC) is used to thin or alter viscosity. Solvent-based UV curing adhesives are good for the environment.

Due to the usage of different types of adhesives that are cured with UV, manufacturers impart certain important safety information to workers regarding their usage. For instance, UV cured adhesives are solvent free and 100% solid materials are not easy to use in most work places. Moreover, some of the UV cured adhesives, such as UV Cure Epoxy and UV Cure Cynoacrylates, require special storage and handling information.

UV cured adhesives are also widely used in optical industries, glassware industries, glass furniture, medical industry and electronics industry. Due to their transparency and exceptional stability, UV cured adhesives are mostly used in the manufacture of glass products.

UV Cured Adhesive Market- Dynamics:

The global UV cured adhesive market is projected to grow at a robust CAGR over the forecast period. The UV cured adhesives market is rising across the globe due to the growth of various industries such as electronics, automotive, aerospace, electrical power and medical. The demand for UV cured adhesives in the medical and electronics industries is expected to grow substantially in the coming years. The usage of acrylate resin materials in UV cured adhesives is growing prominently across the globe. The demand of UV cured adhesives in optical industries, glassware industries and glass furniture industry is also expected to grow in the coming years. The demand of UV curved adhesive in the U.S., Germany, China, India and Japan is rising because these countries consume a significant amount of UV curved adhesive due to the growing construction and infrastructure development activities. 

UV Cured Adhesive Market- Segments:

Based on the type, the global UV cured adhesive market is segmented into:

• Foamed tapes
• Non-foamed tapes
• Thermally Conductive tapes
• Flame Retardant tapes
• Universal tapes

Based on the materials type, the global UV cured adhesive market is segmented into:

• Ceramic
• Composite material
• Concrete
• Fabric
• Glass
• Metal
• Paper
• Plastic
• Rubber
• Wood

Based on the resin type, the global UV cured adhesive market is segmented into:

• Acrylic
• Epoxy polybutadiene (EP)
• Polyester
• Silicone
• Styrene copolymer
• Vinyl

Based on the end user, the global UV cured adhesive market is segmented into:

• Aerospace
• Automotive
• Electrical & Electronics
• Building & Construction
• Marine
• Medical

Based on the technology, the global UV cured adhesive market is segmented into:

• UV Epoxy
• UV Acrylic
• UV Silicone
• UV Cyanoacrylate
• UV Anaerobic

UV Cured Adhesive Market - Regional Outlook:

North America has been the prominent revenue generator in the UV cured adhesive market in 2017. Europe is expected to be the prominent revenue-generating region by 2028. The demand for UV cured adhesives in North America and Asia Pacific is expected to increase globally due to the development of infrastructure new technological innovations in the coming years. Due to economic growth and the development of infrastructure in China, India, Brazil and Japan, the UV cured adhesive market in these regions is expected to increase during the forecast period. Other regions such as Africa and the Middle East are growing markets for UV cured adhesives.

UV cured Adhesives Market – Key Participants:

Some of the major key players in the UV cured Adhesives are:

• Dymax Corporation
• Master Bond Inc.
• Dow Corning
• Henkel AG & Co. KGaA
• Sartomer USA, LLC
• 3M
• Beacon Adhesives, Inc.
• ITW Devcon
• MasterBond
• Avery Dennison Corporation
• Denka Company Limited

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.

The report covers exhaust analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes:

• North America (U.S., Canada)
• Latin America (Mexico, Brazil, Argentina, Chile, Peru)
• Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
• CIS and Russia
• Asia-Pacific (China, India, ASEAN, South Korea)
• Japan
• Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR