Product Code: 1201
UV Adhesives Market is expected to register steady growth by 2032, accredited majorly to the expansion of the medical industry in North America, especially the United States. The product is used in bonding, coating, sealing, and repairing medical devices such as needles, catheters, connectors, and syringes. In addition, a gradual decrease in raw material prices and process upgrade will assist the UV adhesives industry gain a competitive edge in the market.
Besides, several favorable government regulations owing to the product's low or minimal VOC emissions during their complete life spans will also benefit the industry expansion. Furthermore, in the coming years, the global healthcare industry is also anticipated to expand, considering the adverse impact of the COVID-19 pandemic, thereby resulting in the expansion of the UV adhesives market.
The key players in the UV adhesives industry are constantly incorporating strategic initiatives such as partnerships, mergers and acquisitions, and new product launches to strengthen their foothold in the market. For instance, in October 2019, 3M acquired Acelity in a deal worth approximately $6.7 billion.
Overall, the UV adhesives market is segregated in terms of product, end-user, and regional landscape.
By product, the polyurethane-based UV adhesives segment is anticipated to depict more than 9% CAGR by 2032, as these are deemed to be one of the most valuable types of UV adhesives. PU-based adhesives have various applications for which their properties can be customized. The adhesives are available in both rigid and soft varieties. They create strong binding with high peel and medium-to-high shear strengths and have excellent adhesive qualities for Sheet Molding Composites (SMC); as a result, they are widely employed in the automobile sector.
By end-user, the electronics segment is expected to hold a significant market share in the coming years owing to the usage of a wide variety of UV adhesives in circuit protection and electronic component assembly applications. In addition, several of these products are electrically insulating and designed for operations like thermal management, conformal coating, ruggedizing reinforcement, encapsulation, optical display bonding, and lamination.
Regionally, the Asia Pacific UV adhesive market is anticipated to exhibit more than 10% CAGR from 2023 to 2032. The region will witness massive growth credited majorly to the presence of several key players in the region. Besides, the product is used for assembling various electronic components, and nations like South Korea, China, Taiwan, Japan, and India are among the leading electronic manufacturing hubs in the globe. Several leading companies have manufacturing plants in the APAC continent, which is expected to further augment the product demand in the coming years.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market definitions
- 1.2 Base estimation & forecast parameters
- 1.2.1 North America
- 1.2.2 Europe
- 1.2.3 Asia Pacific
- 1.2.4 Latin America
- 1.2.5 Middle East & Africa
- 1.3 Forecast calculations
- 1.3.1 COVID-19 impact calculations on industry forecast
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
Chapter 2 Executive Summary
- 2.1 UV adhesives market 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Product by end user trends
- 2.1.3 End-user trends
- 2.1.4 Regional trends
Chapter 3 UV Adhesives Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry size and forecast, 2018-2032
- 3.2.1 COVID-19 impact on industry size & forecast, 2018 - 2032
- 3.3 Industry ecosystem analysis
- 3.3.1 Raw material analysis
- 3.3.2 Profit margin analysis
- 3.3.3 Value addition at each stage
- 3.3.4 Distribution channel analysis
- 3.3.5 COVID-19 based value chain disruption analysis
- 3.3.6 Vendor matrix
- 3.4 Innovation & sustainability
- 3.4.1 Patent analysis
- 3.4.2 Technology landscape
- 3.4.3 Production process
- 3.5 Industry impact forces
- 3.5.1 Growth drivers
- 3.5.1.1 Proliferation in the electronic industry
- 3.5.1.2 Growth in the medical industry in North America
- 3.5.1.3 Automotive growth in Asia Pacific
- 3.5.2 Industry pitfalls and challenges
- 3.5.2.1 Availability of alternative products
- 3.5.2.2 High manufacturing costs
- 3.6 Regulatory trends
- 3.6.1 U.S.
- 3.6.2 Europe
- 3.6.3 Canada
- 3.7 Growth potential analysis
- 3.8 Regional price trends
- 3.9 Cost structure analysis
- 3.9.1 R&D cost
- 3.9.2 Manufacturing & equipment cost
- 3.9.3 Raw material cost
- 3.9.4 Distribution cost
- 3.9.5 Operating cost
- 3.9.6 Miscellaneous cost
- 3.10 Porter's analysis
- 3.10.1 Buyer's power
- 3.10.2 Supplier power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTLE analysis
- 3.12 Covid-19 impact on end-use sectors
Chapter 4 Competitive Landscape, 2022
- 4.1 Introduction
- 4.2 Company market share analysis, by region 2022
- 4.2.1 North America UV adhesives market share analysis 2022
- 4.2.2 Europe UV adhesives market share analysis 2022
- 4.2.3 Asia Pacific UV adhesives market share analysis 2022
- 4.2.4 Latin America UV adhesives market share analysis 2022
- 4.2.5 MEA UV adhesives market share analysis 2022
- 4.3 Key Stakeholders
- 4.4 Strategy Dashboard
Chapter 5 UV adhesives Market, By Product by End-user
- 5.1 UV adhesives market, by product by end-user, 2021 & 2032
- 5.2 Silicon
- 5.2.1 Market estimates and forecast, product by end-user, 2018 - 2032
- 5.2.2 Market estimates and forecast by region, 2018 - 2032
- 5.3 Acrylic
- 5.3.1 Market estimates and forecast, product by end-user, 2018 - 2032
- 5.3.2 Market estimates and forecast by region, 2018 - 2032
- 5.4 Polyurethane
- 5.4.1 Market estimates and forecast, product by end-user, 2018 - 2032
- 5.4.2 Market estimates and forecast by region, 2018 - 2032
- 5.5 Epoxy
- 5.5.1 Market estimates and forecast, product by end-user, 2018 - 2032
- 5.5.2 Market estimates and forecast by region, 2018 - 2032
- 5.6 Others
- 5.6.1 Market estimates and forecast, product by end-user, 2018 - 2032
- 5.6.2 Market estimates and forecast by region, 2018 - 2032
Chapter 6 UV Adhesives Market, By End-user
- 6.1 UV adhesives market, by end-user, 2021 & 2032
- 6.2 Medical
- 6.2.1 Market estimates and forecast, 2018 - 2032
- 6.2.2 Market estimates and forecast, by region, 2018 - 2032
- 6.3 Electronics
- 6.3.1 Market estimates and forecast, 2018 - 2032
- 6.3.2 Market estimates and forecast, by region, 2018 - 2032
- 6.4 Automotive
- 6.4.1 Market estimates and forecast, 2018 - 2032
- 6.4.2 Market estimates and forecast, by region, 2018 - 2032
- 6.5 Cosmetics
- 6.5.1 Market estimates and forecast, 2018 - 2032
- 6.5.2 Market estimates and forecast, by region, 2018 - 2032
- 6.6 Industrial assembly
- 6.6.1 Market estimates and forecast, 2018 - 2032
- 6.6.2 Market estimates and forecast, by region, 2018 - 2032
- 6.7 Others
- 6.7.1 Market estimates and forecast, 2018 - 2032
- 6.7.2 Market estimates and forecast, by region, 2018 - 2032
Chapter 7 UV adhesives Market, By Region
- 7.1 UV adhesives market, by region, 2021 & 2032
- 7.2 North America
- 7.2.1 Market estimates & forecast, 2018-2032
- 7.2.2 Market estimates & forecast, by product by end-user, 2018 - 2032
- 7.2.3 Market estimates & forecast, by end-user, 2018 - 2032
- 7.2.4 U.S.
- 7.2.4.1 Market estimates and forecast, 2018-2032
- 7.2.4.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.2.4.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.2.5 Canada
- 7.2.5.1 Market estimates and forecast, 2018-2032
- 7.2.5.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.2.5.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.3 Europe
- 7.3.1 Market estimates & forecast, 2018-2032
- 7.3.2 Market estimates & forecast, by product by end-user, 2018 - 2032
- 7.3.3 Market estimates & forecast, by end-user, 2018 - 2032
- 7.3.4 Germany
- 7.3.4.1 Market estimates and forecast, 2018-2032
- 7.3.4.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.3.4.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.3.5 UK
- 7.3.5.1 Market estimates and forecast, 2018-2032
- 7.3.5.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.3.5.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.3.6 France
- 7.3.6.1 Market estimates and forecast, 2018-2032
- 7.3.6.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.3.6.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.3.7 Spain
- 7.3.7.1 Market estimates and forecast, 2018-2032
- 7.3.7.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.3.7.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.3.8 Italy
- 7.3.8.1 Market estimates and forecast, 2018-2032
- 7.3.8.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.3.8.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.3.9 Russia
- 7.3.9.1 Market estimates and forecast, 2018-2032
- 7.3.9.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.3.9.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.4 Asia Pacific
- 7.4.1 Market estimates & forecast, 2018-2032
- 7.4.2 Market estimates & forecast, by product by end-user, 2018 - 2032
- 7.4.3 Market estimates & forecast, by end-user, 2018 - 2032
- 7.4.4 China
- 7.4.4.1 Market estimates and forecast, 2018-2032
- 7.4.4.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.4.4.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.4.5 India
- 7.4.5.1 Market estimates and forecast, 2018-2032
- 7.4.5.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.4.5.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.4.6 Japan
- 7.4.6.1 Market estimates and forecast, 2018-2032
- 7.4.6.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.4.6.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.4.7 Australia
- 7.4.7.1 Market estimates and forecast, 2018-2032
- 7.4.7.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.4.7.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.4.8 Indonesia
- 7.4.8.1 Market estimates and forecast, 2018-2032
- 7.4.8.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.4.8.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.4.9 Malaysia
- 7.4.9.1 Market estimates and forecast, 2018-2032
- 7.4.9.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.4.9.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.4.10 South Korea
- 7.4.10.1 Market estimates and forecast, 2018-2032
- 7.4.10.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.4.10.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.5 Latin America
- 7.5.1 Market estimates & forecast, 2018-2032
- 7.5.2 Market estimates & forecast, by product by end-user, 2018 - 2032
- 7.5.3 Market estimates & forecast, by end-user, 2018 - 2032
- 7.5.4 Brazil
- 7.5.4.1 Market estimates and forecast, 2018-2032
- 7.5.4.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.5.4.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.5.5 Mexico
- 7.5.5.1 Market estimates and forecast, 2018-2032
- 7.5.5.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.5.5.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.6 Middle East & Africa
- 7.6.1 Market estimates & forecast, 2018-2032
- 7.6.2 Market estimates & forecast, by product by end-user, 2018 - 2032
- 7.6.3 Market estimates & forecast, by end-user, 2018 - 2032
- 7.6.4 South Africa
- 7.6.4.1 Market estimates and forecast, 2018-2032
- 7.6.4.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.6.4.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.6.5 Saudi Arabia
- 7.6.5.1 Market estimates and forecast, 2018-2032
- 7.6.5.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.6.5.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.6.6 UAE
- 7.6.6.1 Market estimates and forecast, 2018-2032
- 7.6.6.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.6.6.3 Market estimates and forecast, by end-user, 2018 - 2032
- 7.6.7 Kuwait
- 7.6.7.1 Market estimates and forecast, 2018-2032
- 7.6.7.2 Market estimates and forecast, by product by end-user, 2018 - 2032
- 7.6.7.3 Market estimates and forecast, by end-user, 2018 - 2032
Chapter 8 Company Profiles
- 8.1 3M
- 8.1.1 Business Overview
- 8.1.2 Financial Data
- 8.1.3 Product Landscape
- 8.1.4 Strategic Outlook
- 8.1.5 SWOT Analysis
- 8.2 H.B. Fuller
- 8.2.1 Business Overview
- 8.2.2 Financial Data
- 8.2.3 Product Landscape
- 8.2.4 Strategic Outlook
- 8.2.5 SWOT Analysis
- 8.3 Henkel
- 8.3.1 Business Overview
- 8.3.2 Financial Data
- 8.3.3 Product Landscape
- 8.3.4 Strategic Outlook
- 8.3.5 SWOT Analysis
- 8.4 Permabond Engineering Adhesives
- 8.4.1 Business Overview
- 8.4.2 Financial Data
- 8.4.3 Product Landscape
- 8.4.4 Strategic Outlook
- 8.4.5 SWOT Analysis
- 8.5 BASF SE
- 8.5.1 Business Overview
- 8.5.2 Financial Data
- 8.5.3 Product Landscape
- 8.5.4 Strategic Outlook
- 8.5.5 SWOT Analysis
- 8.6 DowDuPont (Dow Corning)
- 8.6.1 Business Overview
- 8.6.2 Financial Data
- 8.6.3 Product Landscape
- 8.6.4 Strategic Outlook
- 8.6.5 SWOT Analysis
- 8.7 Epoxy Technology, Inc.
- 8.7.1 Business Overview
- 8.7.2 Financial Data
- 8.7.3 Product Landscape
- 8.7.4 Strategic Outlook
- 8.7.5 SWOT Analysis
- 8.8 Cartell UK Ltd.
- 8.8.1 Business Overview
- 8.8.2 Financial Data
- 8.8.3 Product Landscape
- 8.8.4 Strategic Outlook
- 8.8.5 SWOT Analysis
- 8.9 Excelitas Technologies Corp.
- 8.9.1 Business Overview
- 8.9.2 Financial Data
- 8.9.3 Product Landscape
- 8.9.4 Strategic Outlook
- 8.9.5 SWOT Analysis
- 8.10 Panacol-Elosol GmbH
- 8.10.1 Business Overview
- 8.10.2 Financial Data
- 8.10.3 Product Landscape
- 8.10.4 Strategic Outlook
- 8.10.5 SWOT Analysis
- 8.11 DELO Industrial Adhesives
- 8.11.1 Business Overview
- 8.11.2 Financial Data
- 8.11.3 Product Landscape
- 8.11.4 Strategic Outlook
- 8.11.5 SWOT Analysis
- 8.12 Dymax Corporation
- 8.12.1 Business Overview
- 8.12.2 Financial Data
- 8.12.3 Product Landscape
- 8.12.4 Strategic Outlook
- 8.12.5 SWOT Analysis
- 8.13 Ashland Inc.
- 8.13.1 Business Overview
- 8.13.2 Financial Data
- 8.13.3 Product Landscape
- 8.13.4 Strategic Outlook
- 8.13.5 SWOT Analysis
- 8.14 Sika AG
- 8.14.1 Business Overview
- 8.14.2 Financial Data
- 8.14.3 Product Landscape
- 8.14.4 Strategic Outlook
- 8.14.5 SWOT Analysis
- 8.15 Avery Dennison Corporation
- 8.15.1 Business Overview
- 8.15.2 Financial Data
- 8.15.3 Product Landscape
- 8.15.4 Strategic Outlook
- 8.15.5 SWOT Analysis