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UV Adhesives Market Size

Report ID: GMI1201
Published Date: Apr 2023
Report Format: PDF

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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.

uv adhesives market

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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.

UV Adhesives Market Report Attributes
Report Attribute	Details
Base Year:	2022
UV Adhesives Market Size in 2022:	USD 775 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	8.5%
2032 Value Projection:	USD 1.8 Billion
Historical Data for:	2018 to 2022
No. of Pages:	468
Tables, Charts & Figures:	809
Segments covered:	Product, End-user, Region
Growth Drivers:	Proliferation in the electronic industry Growth in the medical industry in North America Automotive growth in Asia Pacific
Pitfalls & Challenges:	Availability of alternative products High manufacturing costs

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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.

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.