UV Adhesives Market Trends By 2024 | Top Key Players - BASF SE, Dow Corning, Epoxy Technologies, Cartell Ltd, SIMO-Groups

UV adhesives market have a vast range of applications in medical, assembly, transportation, industrial, electronics as well as others that include construction activities, packaging, and woodworking. The advancing technology has helped greatly in manufacturing insulated electronics components that have contributed to the growth of electronics sector.

Acrylic was the most utilized product among all with a dominating 40% share in 2016 and annual growth expectations of about 10% over 2017-2024. With the extension of life expectancy and an aging population, there has been a considerable demand for medical devices across the world. UV adhesives are known as low emission, volatile organic compound and are widely used in the medical devices and equipment. Global UV adhesives market size is expected to exceed USD 1.5 billion by the year 2024.

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Growing transport industry across China will have a positive impact on UV adhesives demand in the near future. UV adhesives market are used for a number of applications that include automotive electronic systems and glass bonding. As per the OICA, the production of automobiles in China had been registered at about 28 million units with an increase of around 14.5% in the year 2016. The transportation sector in China has been anticipated to grow at a rate of 12.8% over the coming years.

While the transport sector has witnessed a promising growth, the manufacturing and industrial sector in China has also been growing at a fast-pace. The manufacturing sector had grown at a rate of nearly 8% in March 2017, accounting for over 40% of the overall GDP of China. UV glue market has been classified into epoxy, silicone, polyurethanes, and acrylic while other niche products also involve polyester, polysulfide, and cyanoacrylate among others.
Table of Contents (ToC) of the report:

Chapter 7. Company Profiles

7.1. The 3M Company
7.1.1. Business overview
7.1.2. Financial data
7.1.3. Product landscape
7.1.4. Strategic outlook
7.1.5. SWOT analysis

7.2. Henkel AG & Co. KGaA
7.2.1. Business overview
7.2.2. Financial data
7.2.3. Product landscape
7.2.4. Strategic outlook
7.2.5. SWOT analysis

7.3. H.B Fuller
7.3.1. Business overview
7.3.2. Financial data
7.3.3. Product landscape
7.3.4. Strategic outlook
Continue...

The U.S. is renowned for being the leading producer as well as consumer of all the medical devices and boasts a global recognition for their high-tech and innovative products. Some of the states that harbor major medical device firms in the U.S. are Florida, Michigan, Minnesota, Georgia, Massachusetts, New York, California, Illinois, and Pennsylvania.

Key industry players such as BASF, Henkel, The Dow Chemical Company, DELO, Dymax Corporation, Ashland, H. B Fuller, and Sika are constantly involved in the production and supply of the adhesives. In the transport sector, UV glue helps replace screws and nuts that are used in assembling automobile parts. A surge in the demand for high-tech and light-weighted automobiles will lead the transportation sector to generate nearly USD 170 million for UV adhesives market industry by 2024.

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Proliferating growth of electronic and medical industries has encouraged the use of UV cured adhesives across North America wherein the U.S. had occupied more than three-fourth of the overall market in 2016. India and South Korea have been considered as the emerging nations across the Asia Pacific region, with a gain at over 13% through 2024.

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