UV Adhesives Market Size

UV Adhesives Market Size

UV Adhesives Market size crossed USD 770 million in 2022 and is poised to register over 8.5% CAGR during 2023 and 2032. The introduction of advanced technologies and supportive government policies will favor business development.

The global consumer electronics sector is expected to depict a significant rate as consumers’ buying preferences change owing 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.
 

The electronics sector has experienced significant growth in recent years on account of the technological advancements and increasing demand for electronic devices. the electronics sector has experienced significant growth in UV adhesives market due to technological advancements and increasing demand for electronic devices.
 

However, one of the major factors hindering the adoption of UV adhesives is 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.