Press release
UV Curable Adhesives Market Witnesses Surge in Demand Across Various Industries
UV Curable Adhesives Market
Key Drivers of Market Growth
The demand for UV adhesives is escalating due to their strong bonding capabilities, short drying times, and lower volatile organic compounds (VOCs). These properties are becoming increasingly important as environmental concerns and stricter VOC emission regulations gain traction. Moreover, the growing awareness of the harmful effects of UV radiation on human skin is expected to further fuel the demand for UV adhesives.
In addition, the popularity of solar roofs and other environmentally friendly products is boosting the market for UV adhesives. The need for weather-resistant flexible packaging applications is also propelling market growth, as these adhesives are frequently used to laminate foils, sheets, and films for product packaging.
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Market Constraints
Despite the positive outlook, the market faces challenges due to the easy availability of cost-effective and efficient alternative adhesives. Many low-cost substitutes for UV adhesives are readily available in the market, which hampers the growth of UV curable adhesives. Additionally, there is a lack of awareness about UV adhesives in developing countries, where they are relatively new and still in their early stages of market adoption.
Industry Insights
The market is categorized by end users, including medical, electrical and electronics, transportation, packaging, furniture, and other industries. The medical industry dominated the UV adhesives market in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 11.2% from 2022 to 2027. UV adhesives are widely used in the manufacturing of medical devices such as catheters, syringes, and medical filters, which are essential for treating chronic illnesses like diabetes.
As the prevalence of diabetes continues to rise due to environmental, genetic, and insulin resistance factors, the demand for medical supplies such as syringes and filters has surged. Consequently, the production of these supplies has increased, driving the market expansion for UV adhesives in the medical sector.
Future Outlook
The UV Curable Adhesives market is poised for robust growth, supported by rapid urbanization and industrialization, significant expansion in the e-commerce industry, and extensive research and development (R&D) efforts. A noteworthy initiative in this regard is the collaboration between The Dow and Last Mile Education Fund, which launched a joint fund in January 2023 to support low-income students nearing the completion of their manufacturing and skilled trades programs.
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UV Curable Adhesives Top Companies and Competitive Landscape
Henkel AG & Co. KGaA, H.B. Fuller Company, 3M Company, Sika AG, and Dymax. are the key players in the industry. Many worldwide market participants and stakeholders are likewise focusing on increasing their manufacturing capabilities.
In June 2024, To increase its presence in Mexico, Dymax partnered with Ingenieria en Sistemas de Adhesivos (ISASA). ISASA will do this in order to support and advertise Dymax's innovative light-curable solutions to the general industrial markets.
Some of the key companies in the global UV Curable Adhesives Market include:
3M
Delo
Dymax
B. Fuller Company
Henkel AG & Co. KGaA
Master Bond Inc.
Panacol-elosol Gmbh
Parson Adhesives Inc.
Permabond LLC
Sika AG
UV Curable Adhesives Latest Industry Updates
In March 2023, The international technology solutions company Avnet announced the addition of new Dymax products to its line of UV adhesives. The new goods are made for a number of uses, such as the production of electronics, medical equipment, and automobiles.
In April 2023, Global adhesives manufacturer Henkel introduced a new line of UV-curing adhesives for the electronics sector. The new line is intended to satisfy the growing need in the electronics industry for quick, dependable, and high-performing adhesives.
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UV Curable Adhesives Market Segmentation Analysis
Resin Type Outlook (Revenue, USD Million; 2020-2033)
Silicone
Acrylic
Polyurethane
Epoxy
Other Resin Types
End User Industry Outlook (Revenue, USD Million; 2020-2033)
Medical
Electrical and Electronics
Transportation
Packaging
Furniture
Other End-User Industries
Regional Outlook (Revenue, USD Million; 2020-2033)
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Benelux
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
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Read Similar Reports By Emergen Research:
UV Curable Adhesives Market Size @ https://www.emergenresearch.com/industry-report/uv-curable-adhesives-market/market-size
UV Curable Adhesives Market Share @ https://www.emergenresearch.com/industry-report/uv-curable-adhesives-market/market-share
UV Curable Adhesives Market Trends @ https://www.emergenresearch.com/industry-report/uv-curable-adhesives-market/market-trends
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UV Curable Adhesives Market Analysis @ https://www.emergenresearch.com/industry-report/uv-curable-adhesives-market/market-analysis
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