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UV Adhesive Market 2017 | Outlook, Growth By Top Companies, Regions, Types, Applications, Drivers, Trends & Forecasts by 2024

08-02-2018 12:18 PM CET | Industry, Real Estate & Construction

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UV Adhesive Market 2017 | Outlook, Growth By Top Companies,

Market Study Report adds 2017-2024 global UV Adhesive market report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more.

UV Adhesive Market will surpass USD 1.5 billion by 2024; according to a new research report.

Aging population along with extended life expectancy will create the sustainable demand of medical devices worldwide. The use of UV adhesives in medical devices and equipment will boost the demand of the product as it is recognized low emission volatile organic compound. U.S is one of the leading producer & consumer of medical devices and regarded globally for their innovation and high-tech products. Major states for medical devices companies in U.S. region include New York, Florida, California, Michigan, Illinois, Michigan, Minnesota, Pennsylvania, Georgia and Massachusetts.

China?s transportation segment depicted to be favorable quotient for UV adhesives market with annual rate of 12.8% during study period. The product is used for various application such as glass bonding, automotive electronic system, etc. According to OICA (France), overall automotive production in China was registered nearly 28 million units with 14.5% increase in 2016. This will propel the product demand till 2024. The proliferation in industrial and manufacturing sector of China will robust the product market. The manufacturing sector grew at rate of 8% in March 2017 and accounted for more than 40% of the total GDP of China.

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The major restraining factor of UV adhesives market is the high production cost owing to use of UV technology, hence increasing the UV glue prices. The availability of various other electron beam and visible light cure adhesives will hamper the demand of the product in coming seven years.

According to product, UV glue market is fragmented into acrylic, epoxy, silicon, and polyurethanes. The other niche product include cyanoacrylate, polyester, polysulfide etc. Among all, acrylic acquired above 40% of the overall product market share and is likely to grow at an annual rate of nearly 10%.

Request a discount on standard prices of this premium UV Adhesive market Research Report at https://www.marketstudyreport.com/check-for-discount/1002540/

The UV glue industry is segmented based on end-user such as transportation, medical, industrial assembly, electronics and others including construction activities, wood working, packaging, etc. Electronic is likely to have a large market share & is expected to grow with CAGR of nearly 12% in forecast period due to enhancing technology to manufacture insulated electronics components. Based on value, the transportation segment will generate around USD 170 million till 2024. This is due to demand of light weighted and high-tech automobiles as the use of UV glue will replace nuts and screws used in assembling automobile parts

In 2016, U.S. shared over three-fourth of the overall North America market and is probable to increase at significant rate in upcoming years. Increase growth rate in medical and electronic industry promotes UV cured adhesives in the industry. South Korea and India will be the emerging market in Asia Pacific region and both countries will exhibit the gain of more than 13% in upcoming years.

The key players product includes BASF, H. B Fuller, Henkel, 3M company, The Dow Chemical Company, Permabond, DELO, Sika, Dymax Corporation, and Ashland.

Outside of the scope UV adhesives for products such as hypodermic needles, syringes, catheters, filters, intravenous tube has acted as a major driver for UV adhesives market, that is likely to continue its remarkable streak of growth given the additional preference for these adhesives over the others. The popularity and high demand for these products is rather apparent from the recent acquisition of Epoxy Technology, Inc., a leading manufacturer of high-performance specialty ultraviolet as well as epoxy and hybrid adhesives by Arsenal Capital Partners, a leading private equity firm that invests in middle-market specialty industrials and healthcare business services companies. UV adhesives possess a string of benefits like short curing period, suitability for plastic and hybrid bonding, eliminating need of thermal stress and suitability for high degree of automation. The U.S. Environmental Protection Agency has also highlighted the environmental advantages of UV technology, aiding the growth graph of UV adhesives market.

As consumers are becoming increasingly aware about the requirement of sustainability, the demand for an environmentally sustainable adhesive is on the rise as it levies less pressure on the ecosystem while recycling any object that uses such an adhesive. Driven by the fact that ultraviolet curing offers several sustainable features such as reduced production of VOC and HAPS owing to lesser use of solvents, easy recovery during recycling and reduced use of fossil fuel, UV adhesive industry has gained traction since the last few years. UV adhesives also find extensive usage in the ever-expanding automotive, electronics, medical, and transportation industries, powered by which UV adhesive industry is expected to record commendable CAGR over 2018-2024.

More Report At: http://www.openpr.com/news/archive/144590/marketstudyreport-com.html

UV adhesives market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

UV Adhesives Market by End-user
Medical
Electronics
Transportation
Industrial assembly
Others

Report Content
Chapter 1. Methodology and Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Definitions & forecast parameters
1.2. Data sources
1.2.1. Secondary
1.2.2. Primary

Chapter 2. Executive Summary
2.1. UV adhesives market 360 degree synopsis, 2013 - 2024
2.1.1. Business trends
2.1.2. Product by end-user trends
2.1.3. End-user trends
2.1.4. Regional trends

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