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UV Adhesives Market Size By Product (Silicon, Acrylic, Polyurethane, Epoxy, Others), By End-User (Medical, Electronics, Automotive, Cosmetics, Industrial Assembly, Others) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape & Forecast, 2023 - 2032

  • Report ID: GMI1201
  • Published Date: Dec 2022
  • Report Format: PDF

Industry Statistics

UV Adhesives Market size crossed USD 770 million in 2022 and is expected to register over 8.5% CAGR during 2023-2032. Introduction of advanced technologies and supportive government policies will favor global industry expansion.
 

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Global consumer electronics sector is expected to grow at a significant rate as consumers’ buying preferences change due to the penetration of digital technologies. This factor will drive the consumption of UV adhesives, which are widely used in the electronics sector to speed up the bonding process and save energy as well as space.
 

However, one of the major factors hindering the adoption of UV adhesives during the forecast period is their high cost of manufacturing. Raw materials, such as ultraviolet curing resins and optical brighteners, are expensive and can increase the product’s price as compared to conventional materials. The equipment used in the production processes is expensive as many industrial systems are equipped with several complex components. The complexities associated with the overall structure of curing & dispensing machines will thus increase the price of UV adhesives, inhibiting industry growth to a certain extent.
 

Superior bonding ability to boost demand for silicone-based UV adhesives

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Global silicone-based UV adhesives market is predicted to record revenue of over USD 320 million by 2032. These adhesives possess several supreme properties, such as their ability to produce bonds that can withstand high temperatures, remain flexible after curing, and offer strong resistance against water and chemicals. UV-cured silicone adhesives can decrease reliance on additional heating sources by using UV lamps, preventing excessive heat generation. They also comprise excellent electrical properties and can be formulated to be insulative with high dielectric strength. Silicon-based UV adhesives can also be formulated to become electrically conductive, showcasing their flexibility and consequently bolstering product consumption.
 

Increase in high-end product purchases to fuel usage of UV adhesives in cosmetics

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UV adhesives market from cosmetics end-use segment is set to register more than 8% CAGR through 2032. The cosmetics sector is expanding at a considerable rate amid the rapid shift in preference toward high-end cosmetic products, especially among younger populations. UV adhesive products that have acrylic and cyanoacrylate formulations are utilized on a large scale in different cosmetics and beauty items including eyeliner pencils, decorative glassware, and gel nail polishes. These adhesives also possess superior characteristics, such as the absence of odor, excellent adhesion to plastic & metallic materials, optimal viscosity, high dispensability, and fast curing nature, further promoting product consumption.
 

UV adhesives gain traction for medical device production in North America

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North America UV adhesives market share is anticipated to be valued at over USD 388.5 million by 2032. The significant rise in chronic disease prevalence and the launch of several public welfare schemes are expected to boost the manufacturing of innovative diagnostic instruments and machines in the region. UV adhesives are also used for the assembly of complex medical instruments and devices, such as disposable needles & syringes, facemasks, tube sets, catheters, reservoirs & housings, oxygenators, respiratory machines, and others. Factors such as these may create a favorable environment for regional market expansion over the forecast period.
 

Key strategic plans might fuel UV adhesives market progress

3M, H.B. Fuller, Permabond Engineering Adhesives, Henkel, BASF SE, DowDuPont (Dow Corning), Epoxy Technology, Inc., Cartell UK Ltd., Panacol-Elosol GmbH, DELO Industrial Adhesives, Excelitas Technologies Corp, and Dymax Corporation are some of the leading players operating in the UV adhesives industry. These companies are signing partnership and merger & acquisition deals to extend their presence in niche markets and increase their customer base.
 

Impact of the COVID-19 pandemic on UV adhesives market trends

The global healthcare industry is expected to grow at a substantial rate despite the adverse economic impact of the COVID-19 pandemic since its onset in 2020. This factor will accelerate the UV adhesives market expansion, as the product is used for bonding, sealing, coating, and repairing medical devices, such as catheters, needles, connectors, and syringes. UV adhesives industry expansion is expected to be especially prevalent in the U.S. medical sector, given its extensive use as a bonding agent in various applications across the region.
 

The UV Adhesives market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Tons and revenue in USD Thousand from 2018 to 2032 for the following segments:

By Product

  • Silicon
  • Acrylic
  • Polyurethane
  • Epoxy
  • Others

By End-User

  • Medical
  • Electronics
  • Automotive
  • Cosmetics
  • Industrial Assembly
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
    • Kuwait

 

Authors: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

Global market size for UV adhesives was valued at over USD 770 million in 2022 and is expected to register over 8.5% CAGR through 2023-2032, due to increasing product demand from the consumer electronics sector.
UV adhesives industry size from the cosmetics segment is set to register more than 8% CAGR through 2032, given the use of adhesives with acrylic and cyanoacrylate formulations in cosmetics and beauty items including eyeliner pencils, decorative glassware, and gel nail polishes.
North America market share for UV adhesives is anticipated to surpass USD 388 million in valuation by 2032, on account of the robust product adoption in the assembly of complex medical instruments and devices.
3M, H.B. Fuller, Permabond Engineering Adhesives, Henkel, BASF SE, DowDuPont (Dow Corning), Epoxy Technology, Inc., Cartell UK Ltd., Panacol-Elosol GmbH, DELO Industrial Adhesives, Excelitas Technologies Corp, and Dymax Corporation are some of the leading manufacturers of UV adhesives.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 809
  • Countries covered: 21
  • Pages: 468
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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