Market Research Report
Global UV-Curable Adhesives Market Size - Segmented by Resin Type, Application, End-user Industry and Geography - Growth, Trends, and Forecasts (2018 - 2023)
|Published by||Mordor Intelligence LLP||Product code||704753|
|Published||Content info||140 Pages
Delivery time: 1-2 business days
|Global UV-Curable Adhesives Market Size - Segmented by Resin Type, Application, End-user Industry and Geography - Growth, Trends, and Forecasts (2018 - 2023)|
|Published: July 1, 2018||Content info: 140 Pages||
The UV-curable adhesives market is expected to register a healthy growth rate during the forecast period (2018 - 2023). Characteristics properties such as fast curing rates, high bond strength and low VOC emissions and rising demand for UV adhesives for flexible packaging applications are expected to drive the market through the forecast period.
Increasing Stringent Regulations on Adhesives across the Globe
Increasing stringent environmental regulations are increasing the demand for high-value, eco-friendly coatings. UV-cured adhesives are known for their eco-friendly properties, releasing no volatile organic compounds (VOC). Manufacturers are striving in the field of R&D to come up with eco-friendly products. These regulations are going to act as a driving factor for the demand for UV-cured adhesives during the forecast period.
Acrylic - The Fastest Growing Resin Type in UV-Curable Adhesives Market
UV adhesives are produced using a variety of resins such as acrylic, polyurethane, silicone, epoxy and others. Among these the high bond strength provided by acrylic makes it the most widely accepted and used product type. Acrylic not only offers optical clarity, but is low in price. Adhesives based on acrylic resins are known for durability, strength, low maintenance, resistance to chemicals, etc. With the growing demand from the automotive and industrial end-users, the market for UV-cured adhesives is to grow through the forecast period.
Asia-Pacific to Lead the UV-Curable Adhesives Market
Growth in disposable income, and higher per capita expenditure on social and cultural factors are a few factors fueling up the demand in the Asia-Pacific market. Also, there is a rise in the government funding for public welfare in the region. The recent advancements in the adhesives technologies are aiding automobile manufacturers in the production of lightweight and fuel-efficient vehicles. Furthermore, it has been observed that during new car assessment programs and crash tests, vehicles bonded with adhesives perform better, compared to welded vehicles, as they do not affect the substrate used in the automobile assembly. This is further increasing the use of UV-curable adhesives in the automotive sector.
UV-Curable Adhesives Market Major Players:
DELO Industrial Adhesives
Notable Developments in the UV-Curable Adhesives Market
December 2017: Henkel acquired Darex Packaging Technologies business, supplier of high-performance sealants and coatings for USD 1.05 Billion.
Reasons to Purchase UV-Curable Adhesives Market Report
Analyzing various perspectives of the market with the help of Porter's five forces analysis
To identify the application that is expected to dominate the market
To identify regions that are expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
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