UV Curable Adhesives Market Analysis APAC, North America, Europe, South America, Middle East and Africa - China, US, Germany, India, UK - Size and Forecast 2024-2028

UV Curable Adhesives Market Size 2024-2028

The uv curable adhesives market size is forecast to increase by USD 112.2 million at a CAGR of 5.68% between 2023 and 2028.

• UV curable adhesives have gained significant traction in various industries due to their unique properties and versatility. The increasing demand for electronics and consumer devices, particularly in North America, drives the growth of the market. These adhesives are increasingly used In the production of ceramics and glass components for electronics, as well as In the manufacturing of medical devices such as catheters and oxygenators.
• In the field of flexible packaging, UV curable adhesives offer advantages like faster curing times and improved bonding strength. The construction industry also utilizes these adhesives for bonding plastic and rubber materials. Furthermore, UV curable adhesives find applications in LED lighting, 3D printing, and even in food packaging with the use of beacons for traceability.
• However, sensitivity to oxygen inhibition in UV curable adhesives remains a challenge that needs to be addressed through the development of new formulations and technologies. In the realm of medical devices, the demand for biocompatible and sterilizable adhesives is a significant trend, with rubber-based UV curable adhesives gaining popularity due to their flexibility and ease of use.

What will be the Size of the UV Curable Adhesives Market During the Forecast Period?

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• The market encompasses a wide range of light-cured bonding solutions, utilizing ultraviolet (UV) light, oligomers, and monomers, along with photograph initiators, to achieve rapid curing rates and high bond strength. This market caters to various industries, including flexible packaging, ceramics, rubber, metal, electronics, and plastic substrates, among others. UV curable adhesives offer several advantages, such as low volatile organic compound (VOC) emissions, making them an attractive alternative to traditional solvent-based adhesives.
• In the realm of packaging, UV curable inks and resins are extensively used for labeling and coating applications. Additionally, UV curable adhesives are employed in assembly lines for bonding electrical components, as well as In the production of ready-to-consume foods and beverages.
• The market's growth is driven by the increasing demand for faster production cycles, higher per capita income, and the expanding applications in diverse industries.

How is this UV Curable Adhesives Industry segmented and which is the largest segment?

The uv curable adhesives industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Resin Type
  • Acrylic
  • Cyanoacrylate
  • Silicone
  • Others
• Application
  • Medical
  • Electronics
  • Glass bonding
  • Packaging
  • Others
• Geography
  • APAC
    • China
  • North America
    • US
  • Europe
    • Germany
  • South America
  • Middle East and Africa

By Resin Type Insights

• The acrylic segment is estimated to witness significant growth during the forecast period.

UV curable adhesives, also known as light-cured adhesives, are a type of adhesive that utilizes ultraviolet (UV) light to initiate the curing process. These adhesives are formulated with oligomers and monomers, along with photoinitiators, which react when exposed to UV light, resulting in rapid curing rates and high bond strength. UV curable adhesives are suitable for various industries, including flexible packaging, ceramics, rubber, metal, electronics, and plastic substrates, making them essential for assembly lines and the production of UV curable inks and resins. They offer low volatile organic compound (VOC) emissions, making them eco-friendly and an attractive alternative to traditional solvent-based adhesives.

Key applications include bonding agents for medical devices, such as catheters, oxygenators, and hearing aids, as well as coating and syringes. The market for UV curable adhesives is expected to grow due to increasing per capita income, the aging population, and the demand for ecofriendly adhesives. Companies in this market employ both top-down and bottom-up approaches to cater to various submarkets, with raw material suppliers and upstream companies playing a crucial role In the prototype phase.

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The Acrylic segment was valued at USD 190.40 million in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• APAC is estimated to contribute 47% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in Asia Pacific (APAC) is experiencing notable growth due to the region's economic expansion and increasing industrialization. Key countries, including China, Japan, India, South Korea, and several Southeast Asian nations, are significant contributors to this market's growth. The demand for UV curable adhesives is driven by their rapid curing rates, high bond strength, and low volatile organic compound (VOC) emissions. Additionally, their suitability for various applications, such as flexible packaging, ceramics, rubber, metal, electronics, plastic substrates, assembly lines, and UV curable inks and resins, further boosts their adoption. The environmental focus in APAC is another critical factor driving market growth, as eco-friendly adhesives gain popularity due to increasing sustainability concerns and regulatory requirements.

Key submarkets include glass bonding, medical devices, hearing aids, and ecofriendly adhesives. Upstream companies and raw material suppliers play a crucial role In the UV curable adhesives value chain, with the prototype phase being a significant area of focus for innovation. The market's development strategies include organic growth, solvent-free adhesives, and a top-down or bottom-up approach.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise In the adoption of UV Curable Adhesives Industry?

Increasing demand for electronics and consumer devices is the key driver of the market.

• The market experiences growth due to the escalating demand for electronics and consumer devices. Rapid advancements in technology and evolving consumer preferences have fueled the expansion of the electronics industry, leading to a substantial market for UV curable adhesives. These adhesives are indispensable In the assembly and manufacturing of electronic devices, where they are utilized in applications such as display bonding, camera module assembly, touchscreen bonding, and component encapsulation. The unique property of UV curable adhesives to cure rapidly upon exposure to UV light is highly beneficial in electronics manufacturing, where swift production cycles are essential to cater to consumer demand.
• Additionally, UV curable adhesives are employed in various industries, including flexible packaging, ceramics, rubber, metal, and medical devices. They offer high bond strength, low VOC emissions, and are suitable for bonding various substrates, such as plastics, glass, and metals. In the medical sector, UV curable adhesives are used In the production of medical devices, hearing aids, and ecofriendly adhesives. The flexibility of UV curable adhesives makes them suitable for applications in various industries, such as UVcurable inks, UVcurable resins, and packaging materials. The market dynamics are influenced by development strategies, including organic growth and the adoption of topdown and bottom-up approaches.
• Upstream companies and raw material suppliers play a crucial role In the UV curable adhesives value chain. In the prototype phase, solvent-free adhesives are gaining popularity due to their environmental benefits. UV curable adhesives are used in various applications, including coating, syringes, bonding agents, and catheters, among others. The aging population and the increasing demand for ready-to-consume foods are also driving the market growth.

What are the market trends shaping the UV Curable Adhesives Industry?

Increasing application of UV curable adhesives in 3D printing is the upcoming market trend.

• UV curable adhesives, also known as lightcuring adhesives, have gained significant attention in various industries due to their rapid curing rates and high bond strength. These adhesives utilize UV light to initiate the curing process, making them ideal for applications requiring fast production times. The primary components of UV curable adhesives include oligomers, monomers, and photograph initiators. UV curable adhesives offer several advantages, such as low VOC emissions, making them eco-friendly alternatives. They are widely used in various sectors, including flexible packaging, ceramics, rubber, metal, electronics, and plastic substrates. In assembly lines, UV curable adhesives enable the bonding of components with precision and speed.
• UV curable inks and resins are also popular in the printing industry for their quick drying properties. Packaging materials, electrical components, and medical devices are some of the significant applications for UV curable adhesives. The aging population and the growing demand for medical devices, such as hearing aids, catheters, and oxygenators, have fueled the growth of the market. Moreover, the development of ecofriendly adhesives and the adoption of top-down and bottom-up approaches In the production process are some of the strategies being employed by upstream companies and raw material suppliers to cater to the evolving market dynamics. The flexibility of UV curable adhesives makes them suitable for various applications, including eyeliner pencils, decorative glassware, disposable needles, facemasks, tube sets, and syringes.
• The use of UV curable adhesives as a bonding agent in various industries is expected to continue its growth trajectory In the coming years.

What challenges does the UV Curable Adhesives Industry face during its growth?

Sensitivity to oxygen inhibition in UV curable adhesives is a key challenge affecting the industry growth.

• UV curable adhesives, also known as lightcuring adhesives, utilize UV light to initiate the curing process. Oligomers and monomers serve as the primary components of these adhesives, with photograph initiators catalyzing the reaction to high bond strength under rapid curing rates. However, sensitivity to oxygen inhibition is a significant challenge. During curing, photoinitiators react with UV light to form stronger bonds, but exposure to oxygen can lead to incomplete curing, resulting in a tacky surface. This phenomenon, known as oxygen inhibition, can negatively impact the performance and reliability of UV curable adhesives. To mitigate this challenge, various strategies have been adopted, including the top-down and bottom-up approaches.
• The top-down approach focuses on modifying the formulation of the adhesive to reduce oxygen sensitivity. Conversely, the bottom-up approach involves using solvent-free adhesives and UV curable resins to minimize the amount of oxygen that comes into contact with the adhesive during the curing process. UV curable adhesives have diverse applications across industries such as flexible packaging, ceramics, rubber, metal, electronics, and plastic substrates. They are also used in assembly lines for bonding various components, including UVcurable inks, coatings, and syringes. In the medical sector, they are used as bonding agents for medical devices, such as catheters, oxygenators, and hearing aids.
• The aging population and the increasing demand for ecofriendly adhesives are driving the growth of the market. Submarkets include glass bonding, medical devices, and packaging materials. Upstream companies and raw material suppliers play a crucial role In the UV curable adhesives supply chain. The development strategies of these companies include organic growth and innovation to meet the evolving demands of various industries.

Exclusive Customer Landscape

The uv curable adhesives market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the uv curable adhesives market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, uv curable adhesives market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• 3M Co.
• Arkema SA
• BASF SE
• Beacon Adhesives Inc.
• Cartell UK Ltd.
• DELO Industrie Klebstoffe GmbH and Co. KGaA
• Denka Co. Ltd.
• Dow Inc.
• DuPont de Nemours Inc.
• Dymax Corp.
• Epoxies Etc.
• Excelitas Technologies Corp.
• H.B. Fuller Co.
• Henkel AG and Co. KGaA
• Master Bond Inc.
• Panacol-Elosol GmbH
• Permabond LLC
• Sika AG
• ThreeBond Holdings Co. Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

The market encompasses a wide range of products that utilize ultraviolet (UV) light to initiate the curing process. These adhesives offer several advantages, including rapid curing rates, high bond strength, and low volatile organic compound (VOC) emissions. The market's growth is driven by the increasing demand for UV curable adhesives in various industries, such as flexible packaging, ceramics, rubber, metal, electronics, and plastic substrates. UV curable adhesives are formulated using oligomers and monomers, which are sensitive to UV light. Photograph initiators are added to the adhesive formulation to catalyze the curing process when exposed to UV light. The result is a clear, strong bond that can be used in a variety of applications.

The flexibility of UV curable adhesives makes them ideal for use in assembly lines, where fast curing times are essential. In addition, UV curable inks and resins are commonly used in packaging materials for various industries, including electrical and ready-to-consume foods. The use of UV curable adhesives is not limited to industrial applications. They are also used in consumer products, such as eyeliner pencils, decorative glassware, disposable needles, facemasks, tube sets, catheters, oxygenators, and coating applications. In the medical device industry, UV curable adhesives are used as bonding agents In the production of hearing aids and other medical devices.

The market can be segmented into various submarkets based on the end-use industry and the approach used In the manufacturing process. A top-down approach considers the overall market size and then breaks it down into smaller segments, while a bottom-up approach starts with the smaller segments and then aggregates the data to arrive at the total market size. Upstream companies in the market include raw material suppliers, such as monomer and oligomer manufacturers. In the prototype phase, these raw materials are used to develop and test new adhesive formulations. Solvent-free adhesives are becoming increasingly popular due to their environmental benefits, and glass bonding is another growing application area for UV curable adhesives.

The aging population and the increasing demand for medical devices are expected to drive the growth of the market In the healthcare industry. Eco-friendly adhesives are also gaining popularity due to increasing environmental concerns, and development strategies for UV curable adhesives are focused on reducing their environmental impact while maintaining their performance advantages. In conclusion, the market is a dynamic and growing industry that offers several advantages over traditional adhesives. Its flexibility, fast curing times, and low VOC emissions make it an ideal choice for various industries, from flexible packaging to medical devices. The market is expected to continue growing due to increasing demand and the development of new applications and technologies.

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What are the Key Data Covered in this UV Curable Adhesives Market Research and Growth Report?

• CAGR of the UV Curable Adhesives industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across APAC, North America, Europe, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the uv curable adhesives market growth of industry companies

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