UV Adhesives Market growth outlook with industry review and forecasts 2017-2024

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UV Adhesives Market trends research and
projections for 2017- 2024 Global Market
Insights, Inc.
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• Global Market Scenario of Polymer Industry

• UV Adhesive Market to surpass USD 1.5 billion by
  2024 according to a new research report by
  Global Market Insights, Inc. Increasing
  manufacturing industries will demand for more
  high-tech machineries and equipment which will
  enhance the industrial assembly sector. This, in
  turn propel the demand of product by 2024.
• Europe manufacturing sector generated the revenue
  above USD 2 trillion of value added in 2014 and
  will grow with significant growth rate by the
  forecast timeframe. Other sector such as
  packaging, building construction industry will
  also increase the product demand. Companies such
  as Dymax corporation provide UV curable adhesive
  for plastic packaging which form structural bond
  to PVC, PET, etc. when exposed to UV radiations.
• Silicon is extensively used in medical and
  electronics owing to rapid curing without heat,
  providing energy saving and high productivity.
  These adhesives are converted into solidified
  bonds without release of water or any solvent
  which make silicone UV adhesive an endorsed
  product to be used in medical and electronic
  industry.

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• High equipment and manufacturing cost of product
  will compel the end-user manufacturers to use the
  low-cost adhesives which will encumber the market
  growth during the forecast timeframe. The special
  requirement of proper curing system and low
  curing depth of about 0.5 inch will hinder the
  product use in end-user industry.
• UV adhesives are classified on basis of product,
  end-user and region. Based on product, the market
  is categorized into epoxy, silicone,
  polyurethane, acrylic, and others. In terms of
  revenue, silicone will account for over USD 250
  million in 2024 growing at a substantial rate
  throughout the forecast spell.

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• 360 Industry Analysis

• Based on end-user, UV adhesives industry is
  segmented into medical, electronics,
  transportation, industrial assembly and others.
  Transportation and industrial assembly will
  account for more than 22 of the global UV
  adhesives market share in 2024.
• These products are used in industrial grade
  bonding for a variety of materials such as solar
  panels, thin films, aviation, automobile
  wood/plastic coatings, etc. Industrial assembly
  require adhesives that can work in tough and
  harsh manufacturing environments. This will
  increase the demand for UV adhesives during the
  forecast spell.

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• Regional Analysis

• China product market is likely to generate
  revenue over USD 205 million in forecast spell
  due to positive growth in electronics industry.
  Optical and electronic applications are the major
  industry in China, representing above 30 of the
  market. The product find application in LCD
  glass, mobile phones, crystal and glass
  processing. This will further drive the regional
  UV adhesives market over the forecast timeframe.
• Asia Pacific deemed to be profitable region for
  electronic industry and will have a substantial
  growth rate above 7 in 2016. Factors such as
  increasing level of income, urbanization, product
  innovation, rise in share of organized retail
  will flourish the Indian electronic market. This
  will the upscale the use of product market in
  next seven years down the line.

• Competitive Analysis

• Major participants in the UV adhesives market
  which holds the key chunk include Henkel AG Co.
  KGaA, H.B Fuller, Ashland Inc., Dymax
  corporation, The 3M company, Permabond
  engineering, BASF SE, Dow corning, DELO, Epoxy
  technologies, Cartell Ltd., Simco-groups,
  Excelitas Technological Corp., and Panacol-Elosol
  GmbH.

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