UV Adhesives Market Summary
As per Market Research Future Analysis, the UV Adhesives market is projected to exceed USD 1.5 billion by 2022, with a CAGR of approximately 8.90%. These adhesives are essential for structural and temporary bonding, offering exceptional binding properties across various materials including glass, metals, plastics, and ceramics. The market is driven by increasing demand in the electronics and packaging industries, with significant growth opportunities in the lamination sector. North America and the Asia Pacific are key regions witnessing rising investments and demand for UV adhesives.
Key Market Trends & Highlights
The UV Adhesives market is characterized by several key trends and highlights.
- The resin segment is gaining traction among end-users, alongside epoxy, silicone, and polyethylene segments.
- Recent developments include Henkel's launch of a new UV curing adhesive line for the electronics industry in April 2023.
- HB Fuller acquired UV Cure Technology in May 2023, enhancing its position in the medical device market.
- The growing demand for environmentally friendly adhesives is driving market expansion across various industries.
Market Size & Forecast
| Market Size in 2022 | USD 1.5 Billion |
| CAGR | 8.90% |
| Key Growth Regions | North America, Asia Pacific |
Major Players
Key players in the UV Adhesives market include Henkel AG, BASF SE, 3M Company, Ashland, H.B. Fuller, Permabond Engineering Adhesives, Epoxy Technology, Dow Chemical, Bostik, and Huntsman Corporation.
