Market Research Report
Global UV-Curable Adhesives Market - 2019-2026
|Published by||DataM Intelligence||Product code||787219|
|Published||Content info||130-180 Pages
Delivery time: 1-2 business days
|Global UV-Curable Adhesives Market - 2019-2026|
|Published: February 1, 2019||Content info: 130-180 Pages||
The global UV-Curable Adhesives market was valued at USD xx million in 2018 and is projected to rise at an impressive CAGR of XX% to reach the market value of USD XX million by 2026.
UV Curing adhesives is a light using curing adhesives which makes use of Ultravio-let light or other varieties of radiation to provoke curing and to form a permanent bond without heating. UV cured adhesives are also known as radiation curing or radcure adhesives. UV cured adhesives incorporate oligomers, monomers, photo-graph initiators and UV clear filters. These adhesives are in use since several dec-ades, and the use of UV curved adhesives is widespread mainly in the assembly of medical devices as well as in the electronics industry as these are more environ-mentally and user-friendly.
Drivers & Restraints
The principal characteristic properties of UV curable adhesives such as rapid cur-ing, easy application, and high bond strength cost-effective, adaptable and easy ap-plication of adhesives even significant physical properties such as high bond strength, chemical resistance, and many more, offer better product performance compared to others. Moreover, these help in low Volatile Organic Compounds (VOC) emission and smooth finishing. Rapid curing can also help in minimizing material usage and production cost. Also, there is an increase in the demand for UV adhesives for flexible packaging applications that are expected to boost the market in the forecast period.
However, the drawback of UV curing adhesive is these can resist only for a limited number of sterilization cycles. Thus, presently these adhesives are mostly used in-dispensable devices which are sterilized fewer times. Another challenge is that ox-ygen inhibition causes sticky layer on the top of the surface which results in in-complete curing.
The UV-curable adhesives is segmented from an application into a few main seg-ments such as medicine, transportation, packing, industrial, electronics, and oth-ers. Among all these medical applications occupies the dominant share. UV curing adhesives are widely used in the pharmaceutical industry for device assemblage. These adhesive are most commonly used in the manufacturing of medical types of equipment like catheters, syringes, blood filters, and others. These UV curable ad-hesives can be able to withstand harsh sterilization techniques like autoclaving. The increase in technological advancements and government schemes in Asia-Pacific have increased the production of medical devices mostly in India, China, and Japan. This helped to grow in the number of healthcare providers as well as the existing facilities. These factors contribute to boosting the medical segment in UV-curable adhesives market. Bonding properties of these UV cure adhesives used in clear plastic, glassware, glass furniture, and others have contributed higher de-mand for UV curative bonding adhesives in medical and optical devices over the past few years.
In the forecast period, even electronic application is going witness a rapid surge. UV curing adhesives are mostly used in the electronics industry for the assem-blage of electronics as well as in protection of circuits. Few UV curved adhesives contain additional modifiers such as pigments, and fillers. UV curved adhesives al-so include solvent-based resins and Volatile Organic Compound (VOC) which is used to alter the viscosity of a solution.
Based on resin type UV curable adhesives are segmented into acrylic, epoxy, cy-anoacrylate, silicone and a few others. Of all these acrylics copolymers are known to be one of the most widely used polymers for manufacturing UV-curable adhe-sives. Acrylate resin are preferred in UV curing adhesives because it is water resis-tive with good impact strength. Medium-hard thermoplastic acrylic resin provides good adhesiveness on plastics, wood, metals, and others. Acrylic resin offers excel-lent mechanical properties, chemical resistance, and stability for automotive parts as it is mostly used in the automotive sector. With the increase in demand for these adhesives in automotive and industrial industries, the market for acrylic-based UV-cured adhesives is expected to rise through the forecast period.
Global UV curable adhesive market is segmented by geographic region which in-cludes North America, South America, Europe, Asia-Pacific, and ROW. The Asia Pacific occupies the significant share in the UV curable adhesive market. In the forecast period, the UV curable adhesive market in the Asia Pacific is expected to grow at a CAGR of XX%. Increased medical, transportation, electronics industry in various countries in the Asia-Pacific region such as India, China, and Southeast Asia countries contributed to the growing market for UV-curable adhesives. For example, the packaging industry in these countries is rising at a significant rate, owing to the expanding food & beverage, and retail sectors and due to cheap raw material and low labor costs. The consumer durables like electronics appliances also have observed a remarkable increase in production and sales in these coun-tries, due to rapid urbanization, and change in lifestyle of the people. All these fac-tors are helping to boost the market.
Prominent players in the global electromechanical relay market are Henkel AG Company, H.B. Fuller Company, 3M Company, Dymax Corporation, DELO Indus-trial Adhesives, Dow Corning, SIKA, Bostik, Beacon Adhesives, Panacol-Elosol GmbH, Permabond LLC, Denka Company Ltd., Master Bond, and others. Product launches, partnerships, and expansions are some of the strategies adopted by play-ers to increase their market share. For instance, in June 2018 Arsenal acquired Epoxy Technology Inc., one of the leading manufacturers of high-performance spe-cialty epoxy, ultraviolet, and hybrid adhesives.
In 2017 Darex is acquired by Henkel for USD 1.05 billion which is a supplier of high-performance sealants and coatings.