UV Adhesives Market Continues To Grow Rapidly With Techsil Introducing New UV Curable Adhesive Vitralit 50004 In The U.K.

UV adhesives play an important role in the production and installation of UV-resistant materials. UV adhesives provide UV resistance for a wide range of substrates, plastics, metals, textiles, and ceramics. UV adhesives can also seal acrylic and urethane surfaces to give them maximum protection from UV damage. This article discusses UV-resistant materials that can be protected by UV adhesives and discusses the types of UV adhesives available. When it comes to regional impact, North America seems to be exhibiting a positive outlook in the UV adhesives market. This is due to growing demand from medical devices industries across the U.S. and Canada. On the contrary, Asia Pacific is gaining significant traction with rapid growth of the electronics industry across emerging economies such as India and China.

Most common in adhesives bind moisture to the surface of an item by photolysis and/or a photochemical reaction. The UV adhesives used for bonding moisture to acrylic, glass, metal, wood, and certain plastics have a hydrophobic side which tends to attract moisture. One of the key factors aiding growth of the said market is growing demand from the electronics industry. UV adhesives offer flexible packaging applications for compact electronic products. As per the India Brand Equity Foundation (IBEF), electronics hardware production was valued at US$ 89.38 billion in 2020 and is expected to reach over US$ 400 billion by 2024. Hence, such factors can stimulate growth of the UV adhesives market in the near future.

UV Adhesives market size is projected to reach US 1225.1 million by 2026, from US 904.4 million in 2021, at a CAGR of 5.2.

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UV Adhesives Market Segment by Type:
Acrylic
Cyanoacrylate
Epoxy
Silicone
Polyurethane

UV Adhesives Market Segment by Applications:
Medical
Electronics
Packaging
Transportation
Industrial Assembly
Others

UV adhesives provide UV resistance for plastics and are usually formulated with either a binder or resin-based UV resistant resins. UV adhesives containing UV stabilizers are suitable for use with plastics where flexibility is needed. When UV stabilizers are used, plasticizers are sometimes used instead of UV stabilizers to provide a stronger bond to the plastic. However, there are certain challenges that remain prevalent and can inhibit the future development of the market. For instance, high manufacturing costs can pose a major hindrance to growth of the market. Furthermore, the availability of alternative products could impede growth of the UV adhesives market.

Apart from the electronics industry, the automotive sector has witnessed robust growth, especially in emerging economies such as the Asia Pacific. With rapidly growing urbanization and industrialization, the automotive and transportation sector is rapidly growing. As a result of this, the demand for packaging materials to transport different automobile parts has increased. Hence, such factors can potentially bolster growth of the UV adhesives market. Recently, in September 2019, Techsil launched a new UV curable adhesive Vitralit 50004 in the U.K.

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