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UV Adhesives Market


Chemicals & Material
Coatings/Adhesives/Sealants & Elastomers

The UV adhesives market is projected to reach USD 1,222.5 Million by 2021, at a CAGR of 9.15% between 2016 and 2021. Increasing demand for solvent-free adhesives in medical, glass bonding, transportation, and electronics applications is expected to lead to the growth of the UV adhesives market.

Medical was the largest application segment of the UV adhesives market in 2015. Increasing aging population and innovation in medical procedures are expected to lead to increased demand for medical devices, such as IV delivery systems, catheters, syringes, hearing aids, silicone rubber components, among others. Since UV adhesives are increasingly being used in the manufacturing of these devices, the rise in the demand of the devices is expected to consequently lead to the growth of UV adhesives market.

Silicone is expected to be the fastest-growing segment of the UV adhesives market, segmented by resin type. This growth can be attributed to the fact that silicone-based UV adhesives are widely used across several end-use industries for different applications, due to their low surface tension, high chemical & temperature resistance, and hydrophobic nature.

Asia-Pacific is expected to be the largest market for UV adhesives. The demand for solvent free and eco-friendly adhesives has increased in medical and electronics applications, which is expected to drive the demand for UV adhesives in the region.

UV Adhesives Market

The high cost of UV adhesives, as compared to other conventional adhesives, such as thermal cure and moisture cure adhesives that are used in the medical, electronics, and glass bonding applications, may restrain the growth of the UV adhesives market in near future.

Companies such as Henkel AG & Co. KGaA (Germany), H.B. Fuller (U.S.), Ashland Inc. (U.S.), Dymax Corporation (U.S.), The 3M Company (U.S.), and Permabond Engineering Adhesives (U.K.) are the key players in the UV adhesives market. Diverse product portfolio, various R&D activities, and adoption of diverse development strategies are some of the factors that strengthen the position of these companies in the UV adhesives market. The companies have been adopting various organic and inorganic growth strategies to achieve growth in the market.

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