PUBLISHER: Market Research Future | PRODUCT CODE: 1613802
PUBLISHER: Market Research Future | PRODUCT CODE: 1613802
Global UV Curable Adhesive Market Research Report Information by Resin Type (Silicone, Acrylic, Epoxy, and Others) By Substrate (Ceramic, Glass, Composites, Metal, Plastics, Rubber and Elastomers, and Others) By End-user (Medical, Electrical and Electronics, Transportation, Packaging, Furniture, and Others) and By Region Forecast to 2032
In 2022, the UV Curable Adhesive Market Size was estimated to be USD 1168.94 million. The UV Curable Adhesive Market industry is anticipated to experience a compound annual growth rate (CAGR) of 10.62% from USD 1314.77 million in 2023 to USD 3438.11 million by 2032 during the forecast period (2024-2032). Silicone-based UV adhesives can withstand a broad spectrum of temperatures, from extreme cold to high heat, without compromising their adhesive properties. They are frequently employed in medical and healthcare applications because of their low toxicity and biocompatibility. Silicone-based UV adhesives are appropriate for a variety of applications due to their strong adhesion to a wide range of substrates, such as glass, metals, plastics, and ceramics. They are a highly sought-after option in numerous industries that require reliable adhesion, flexibility, and durability due to their combination of physical properties, chemical resistance, and curing speed.
UV adhesives based on acrylic are recognized for their clarity, flexibility, and resistance to discoloration. They are frequently employed in applications such as optical fiber assembly, lens attachment, and glass bonding. Acrylics are suitable for a diverse array of substrates due to their ability to reconcile environmental resistance, impact resistance, and adhesive strength.
Market segment insights
The UV Curable Adhesive Market has been segmented into Silicone, Acrylic, Epoxy, and Others based on the resin type.
Ceramic, Glass, Composites, Metal, Plastics, Rubber and Elastomers, and Others comprise the UV Curable Adhesive Market segmentation, which is based on substrate.
The UV Curable Adhesive Market is segmented into the following categories: Medical, Electrical and Electronics, Transportation, Packaging, Furniture, and Others by end-user.
Regional Perspectives
North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America comprise the UV Curable Adhesive market, which is segmented by region. During the forecast period, the Asia-Pacific UV Curable Adhesive market is anticipated to account for a substantial revenue share and maintain the highest market share. The automotive industry in APAC, which is one of the largest globally, significantly relies on UV curable adhesives for the bonding of components and the assembly of lightweight materials. This is consistent with the region's emphasis on improving the efficiency and performance of vehicles. Similarly, the electronics sector, which is a significant contributor to the APAC economy, benefits from UV curable adhesives due to their precision and rapid curing properties, which are essential to produce high-tech devices such as semiconductors and smartphones. The APAC market is distinguished by a strong emphasis on cost-efficiency and innovation, with companies investing in the development of advanced UV curable adhesive formulations that are tailored to the unique requirements of local industries.
3M Company, Dow Chemical Company, Denka Company Limited, Dymax Corporation, Epoxy Technology, Henkel AG & Co. KGaA, Master Bond Inc., Sika Group, Panacol-Elosol GmbH, and Bostik are among the key companies in the UV Curable Adhesive Market.