UV Adhesive Market Size & CAGR (2024-2031)
The UV Adhesive Market is expected to register a CAGR of 8% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by resin type (acrylic, epoxy, silicone, others). The report further presents analysis based on application (glass bonding, plastic bonding, automotive assembly, medical devices, electronics, others). Global analysis is further broken-down at regional level and major countries. In terms of geography, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). The report offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report UV Adhesive Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
UV Adhesive Market Segmentation
Resin Type- Acrylic
- Epoxy
- Silicone
- Glass Bonding
- Plastic Bonding
- Automotive Assembly
- Medical Devices
- Electronics
Strategic Insights
UV Adhesive Market Growth Drivers- Growth in Mobile Device Subscriptions Boosts Demand for UV Adhesives: The easing of restrictions due to the COVID-19 pandemic has led to a considerable increase in the number of active mobile subscriptions, especially smart flat screen devices and their components. As they are meant to be used in small electronic components and assemblies, these types of adhesives offer fast curing times and high bond strengths with precision.
- UV Adhesives Gaining Popularity in the Automotive Sector: UV adhesives are also finding increasing acceptance in the automotive sector attributable to their bonding strength, long lasting capability, and weathering intolerance. They are applied in the process of attaching automotive components including the internal board, mirrors, and light fittings as manufacturers look for effective and dependable bonding agents for today’s vehicles.
- The Shift Towards Green Adhesives in Response to Climate Change: There is an increasing emphasis on the use of green materials due to the effects of climate change. Adhesives for UV curing technology which do not contain any solvents and do not require any hot processes can replace properly used adhesives without any harm which ensures their use in the packaging, automotive and electronics spheres.
- Rising Demand for Eco-Friendly UV Adhesives: The increasing popularity of eco-friendly and sustainable products has prompted the exploration of UV adhesives which do not have any harmful solvents and chemicals. These adhesives have lower environmental concerns and are gaining acceptance in several industries such as packaging, automotive, electronics which are more concerned with the environmentally friendly nature of the products.
- Advancements in UV Adhesive Technologies Boost Performance: The ongoing advancements on UV providing technologies are improving the output and usefulness of the UV adhesives. Speeding up the curing times, enhancing bonding strength, and expanding applicability are some of the key factors leading to their use in high praise experienced industries such as electronics and automotive where speed and reliability are paramount.
- UV Adhesives Gaining Ground in the Medical Market: The trend of using UV adhesive is also on the rise with regards to the medical market which incorporates uv adhesives in various devices, wound care, and surgical applications. This is further due to the fact that they are able to bond very quickly and very firmly with very low heat which is why the market demand for these adhesives is high within the healthcare sector.
- UV Adhesives Powering Growth in Consumer Electronics: The expansion of consumer electronics, such as smartphones, wearables, tablets, etc. provides a good platform for the use of UV adhesives. UV adhesives are needed for assembly alignment, display bonding, and encapsulating components in electronic devices, helping the producers keep pace with the fast growing demand for lighter and stronger products.
- UV Adhesives Supporting Innovation in the Automotive Sector: The automotive sector is also undergoing a transformation in using lightweight materials and improving production which brings prospects for UV adhesives. The use of UV adhesives is for the bonding of windows, mirror or trim parts, which has advantages such as fast curing, high strength and excellent durability to extreme conditions which in turn embellish the vehicles.
- UV Adhesives Transforming the Medical Device Market: As the medical device market is expanding, there is an influence on the use of UV adhesives on products such as wound plaster, diagnostic and surgical equipment. The fact that they can deliver strong bonds very quickly and without heat makes them very marketable indeed, especially in the medical and health care lines of business.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the UV Adhesive Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the UV Adhesive Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Based on geography, North America held the largest share of the UV adhesive market.
Ashland, Beacon Adhesives Co., Dymax, Flint Group, H.B. Fuller Company, Henkel Adhesives Technologies, HI-BOND CHEMICALS, Masterbond, Inc, Permabond LLC, The 3M Company are the key players operating in the UV adhesive market.
As consumers become more health-conscious and environmentally aware, there is a growing trend toward natural and organic UV adhesives.
The increasing awareness of skin health and protection from harmful UV rays is driving the demand for UV adhesives in sunscreens and personal care products.
The UV Adhesive Market is estimated to witness a CAGR of 8% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 UV Adhesive Market - By Resin Type
1.3.2 UV Adhesive Market - By Application
1.3.3 UV Adhesive Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. UV ADHESIVE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. UV ADHESIVE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. UV ADHESIVE MARKET - GLOBAL MARKET ANALYSIS
6.1. UV ADHESIVE - GLOBAL MARKET OVERVIEW
6.2. UV ADHESIVE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. UV ADHESIVE MARKET - REVENUE AND FORECASTS TO 2028 - RESIN TYPE
7.1. OVERVIEW
7.2. RESIN TYPE MARKET FORECASTS AND ANALYSIS
7.3. ACRYLIC
7.3.1. Overview
7.3.2. Acrylic Market Forecast and Analysis
7.4. EPOXY
7.4.1. Overview
7.4.2. Epoxy Market Forecast and Analysis
7.5. SILICONE
7.5.1. Overview
7.5.2. Silicone Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. UV ADHESIVE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. GLASS BONDING
8.3.1. Overview
8.3.2. Glass Bonding Market Forecast and Analysis
8.4. PLASTIC BONDING
8.4.1. Overview
8.4.2. Plastic Bonding Market Forecast and Analysis
8.5. AUTOMOTIVE ASSEMBLY
8.5.1. Overview
8.5.2. Automotive Assembly Market Forecast and Analysis
8.6. MEDICAL DEVICES
8.6.1. Overview
8.6.2. Medical Devices Market Forecast and Analysis
8.7. ELECTRONICS
8.7.1. Overview
8.7.2. Electronics Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. UV ADHESIVE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America UV Adhesive Market Overview
9.1.2 North America UV Adhesive Market Forecasts and Analysis
9.1.3 North America UV Adhesive Market Forecasts and Analysis - By Resin Type
9.1.4 North America UV Adhesive Market Forecasts and Analysis - By Application
9.1.5 North America UV Adhesive Market Forecasts and Analysis - By Countries
9.1.5.1 United States UV Adhesive Market
9.1.5.1.1 United States UV Adhesive Market by Resin Type
9.1.5.1.2 United States UV Adhesive Market by Application
9.1.5.2 Canada UV Adhesive Market
9.1.5.2.1 Canada UV Adhesive Market by Resin Type
9.1.5.2.2 Canada UV Adhesive Market by Application
9.1.5.3 Mexico UV Adhesive Market
9.1.5.3.1 Mexico UV Adhesive Market by Resin Type
9.1.5.3.2 Mexico UV Adhesive Market by Application
9.2. EUROPE
9.2.1 Europe UV Adhesive Market Overview
9.2.2 Europe UV Adhesive Market Forecasts and Analysis
9.2.3 Europe UV Adhesive Market Forecasts and Analysis - By Resin Type
9.2.4 Europe UV Adhesive Market Forecasts and Analysis - By Application
9.2.5 Europe UV Adhesive Market Forecasts and Analysis - By Countries
9.2.5.1 Germany UV Adhesive Market
9.2.5.1.1 Germany UV Adhesive Market by Resin Type
9.2.5.1.2 Germany UV Adhesive Market by Application
9.2.5.2 France UV Adhesive Market
9.2.5.2.1 France UV Adhesive Market by Resin Type
9.2.5.2.2 France UV Adhesive Market by Application
9.2.5.3 Italy UV Adhesive Market
9.2.5.3.1 Italy UV Adhesive Market by Resin Type
9.2.5.3.2 Italy UV Adhesive Market by Application
9.2.5.4 Spain UV Adhesive Market
9.2.5.4.1 Spain UV Adhesive Market by Resin Type
9.2.5.4.2 Spain UV Adhesive Market by Application
9.2.5.5 Russia UV Adhesive Market
9.2.5.5.1 Russia UV Adhesive Market by Resin Type
9.2.5.5.2 Russia UV Adhesive Market by Application
9.2.5.6 Rest of Europe UV Adhesive Market
9.2.5.6.1 Rest of Europe UV Adhesive Market by Resin Type
9.2.5.6.2 Rest of Europe UV Adhesive Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific UV Adhesive Market Overview
9.3.2 Asia-Pacific UV Adhesive Market Forecasts and Analysis
9.3.3 Asia-Pacific UV Adhesive Market Forecasts and Analysis - By Resin Type
9.3.4 Asia-Pacific UV Adhesive Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific UV Adhesive Market Forecasts and Analysis - By Countries
9.3.5.1 Australia UV Adhesive Market
9.3.5.1.1 Australia UV Adhesive Market by Resin Type
9.3.5.1.2 Australia UV Adhesive Market by Application
9.3.5.2 China UV Adhesive Market
9.3.5.2.1 China UV Adhesive Market by Resin Type
9.3.5.2.2 China UV Adhesive Market by Application
9.3.5.3 India UV Adhesive Market
9.3.5.3.1 India UV Adhesive Market by Resin Type
9.3.5.3.2 India UV Adhesive Market by Application
9.3.5.4 South Korea UV Adhesive Market
9.3.5.4.1 South Korea UV Adhesive Market by Resin Type
9.3.5.4.2 South Korea UV Adhesive Market by Application
9.3.5.5 Indonesia UV Adhesive Market
9.3.5.5.1 Indonesia UV Adhesive Market by Resin Type
9.3.5.5.2 Indonesia UV Adhesive Market by Application
9.3.5.6 Rest of Asia-Pacific UV Adhesive Market
9.3.5.6.1 Rest of Asia-Pacific UV Adhesive Market by Resin Type
9.3.5.6.2 Rest of Asia-Pacific UV Adhesive Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa UV Adhesive Market Overview
9.4.2 Middle East and Africa UV Adhesive Market Forecasts and Analysis
9.4.3 Middle East and Africa UV Adhesive Market Forecasts and Analysis - By Resin Type
9.4.4 Middle East and Africa UV Adhesive Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa UV Adhesive Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa UV Adhesive Market
9.4.5.1.1 South Africa UV Adhesive Market by Resin Type
9.4.5.1.2 South Africa UV Adhesive Market by Application
9.4.5.2 Saudi Arabia UV Adhesive Market
9.4.5.2.1 Saudi Arabia UV Adhesive Market by Resin Type
9.4.5.2.2 Saudi Arabia UV Adhesive Market by Application
9.4.5.3 U.A.E UV Adhesive Market
9.4.5.3.1 U.A.E UV Adhesive Market by Resin Type
9.4.5.3.2 U.A.E UV Adhesive Market by Application
9.4.5.4 Rest of Middle East and Africa UV Adhesive Market
9.4.5.4.1 Rest of Middle East and Africa UV Adhesive Market by Resin Type
9.4.5.4.2 Rest of Middle East and Africa UV Adhesive Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America UV Adhesive Market Overview
9.5.2 South and Central America UV Adhesive Market Forecasts and Analysis
9.5.3 South and Central America UV Adhesive Market Forecasts and Analysis - By Resin Type
9.5.4 South and Central America UV Adhesive Market Forecasts and Analysis - By Application
9.5.5 South and Central America UV Adhesive Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil UV Adhesive Market
9.5.5.1.1 Brazil UV Adhesive Market by Resin Type
9.5.5.1.2 Brazil UV Adhesive Market by Application
9.5.5.2 Argentina UV Adhesive Market
9.5.5.2.1 Argentina UV Adhesive Market by Resin Type
9.5.5.2.2 Argentina UV Adhesive Market by Application
9.5.5.3 Rest of South and Central America UV Adhesive Market
9.5.5.3.1 Rest of South and Central America UV Adhesive Market by Resin Type
9.5.5.3.2 Rest of South and Central America UV Adhesive Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. UV ADHESIVE MARKET, KEY COMPANY PROFILES
11.1. ASHLAND
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BEACON ADHESIVES CO.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DYMAX
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FLINT GROUP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. H.B. FULLER COMPANY
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HENKEL ADHESIVES TECHNOLOGIES
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HI-BOND CHEMICALS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MASTERBOND, INC
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PERMABOND LLC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE 3M COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Ashland
2. Beacon Adhesives Co.
3. Dymax
4. Flint Group
5. H.B. Fuller Company
6. Henkel Adhesives Technologies
7. HI-BOND CHEMICALS
8. Masterbond, Inc
9. Permabond LLC
10. The 3M Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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