UV Adhesives Market - Strong Application outlook, Price Trends, Competitive Market Share & Forecast, 2016 – 2024.
“North America, driven by the U.S. UV Adhesives Market Share accounted for a significant chunk of the demand.”
Acrylic UV Adhesives market size should witness steady gains as it is widely used as liquid form in carpentry and decoration work whereas in tape form it is used in clothing or fabrics. Additionally, they are used for high load transmission to replace mechanical joining methods.
Silicone UV adhesives market may witness significant gains over the foreseeable period. It offers flexibility and high heat resistance making them suitable for wide range of application in automotive, electrical, construction, and aerospace industries. It has excellent electrical properties and are used for sealing engines and gaskets for transportation industry.
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Polyurethane UV adhesives market size expects an increase in demand as it offers flexible cuing time at room temperature. It also offers excellent bonding for ceramics, plastic, rubber, wood, and glass surfaces. It is expensive and used in load bearing and structural application owing to adjustable sealing temperature, and adherence properties.
Global medical device market size was valued at over USD 310 billion in 2015, with gains at over 6%. U.S. medical devices accounted for over 35% of the total demand in 2015. Strict regulations in China, Russia, Japan, and Brazil may challenge the industry growth. Rising geriatric population along with increase in diseases is likely to influence medical devices market size. Medical device adhesives are solvent free and cure upon exposure to UV light and these are certified to ISO 10993 and USP Class VI standards. UV adhesives can be used in catheters, respiratory devices, syringes and needles, oxygenators, tube sets and other disposable devices.
Global flexible packaging market size generated at over USD 145 billion in 2015, with gains at over 5%. Increase in food & beverage, agriculture, and household products packaging should drive industry growth. Flexible packaging UV adhesives comply with various food laws and regulations by FDA. Companies such as Dymax uses curable adhesives for plastic packaging, when exposed to visible light it cures and form structural bonds to PET, PVC, RPET, and A-PET packaging materials.
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Global electronics market size may exceed USD 2.5 trillion by 2024. Asia Pacific electronics industry witness significant growth rate at 7% in 2015. UV adhesives for electronic industry are ideally suitable for assembly and circuit protection. The products are electrically insulating and are designed for various operations including encapsulation, conformal coating, bonding, keypad coatings, masking, and optical display bonding & lamination. These electronic devices are UL and MIL-I-46058C listed and IPC approved.
Global UV adhesives market share is consolidated with key players operating are 3M Company, Henkel, BASF, Huntsman Corporation, and Dow Chemical. Other prominent companies include Bostik SA, H.B. Fuller Company, Ashland, and Avery Dennison Corporation.
Browse Related Report
• Adhesives and Sealants Market Size By Application (Construction, Pressure Sensitive, Furniture, Packaging, Automotive), By Technology (Solvent, Water-based, Reactive, Hot Melt), By Product (Polyurethane [PU], Acrylic, Epoxy, EVA, Polyvinyl Acetate [PVA]), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023
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