UV Curable Adhesive Market is predicted to reach USD 3,438.1 million at a CAGR of 10.62% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global UV Curable Adhesive Market”.

The UV Curable Adhesive market is estimated to register a CAGR of 10.62% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global UV Curable Adhesive  market— 3M Company, Dow Chemical Company, Denka Company Limited, Dymax Corporation, Epoxy Technology, Henkel AG & Co. KGaA, Master Bond Inc., Sika Group, Panacol-Elosol GmbH, and Bostik.

Market Highlights

The global UV Curable Adhesive market is accounted for to register a CAGR of 10.62% during the forecast period and is estimated to reach USD 3,438.1 million by 2032.

UV curing adhesive or often called light curing, photo-curing adhesives, are adhesives that cure when illuminated with light within a specific wavelength, usually of UV-A or “blue-light” approximately 365 nm to 405 nm. UV adhesive is named according to the drying mechanism instead of the composition of the glue.

UV glue is composed of three main components that is monomers, oligomers and photoinitiators. Monomer and oligomer are the molecular chains that will form the structure of the adhesive after it has cured. The chemical structure of the monomers and oligomers determines many of the adhesive’s properties, such as mechanical properties, chemical resistance, and weather resistance. For example, there are significant differences in these properties between aliphatic and aromatic structures, and between hydrocarbon chains, polyethers, polyesters, polyurethanes, fluorocarbons, or siloxanes. Photoinitiator is a component that initiates the polymerization reaction when it absorbs energy from UV light. This process occurs when the photoinitiator decomposing to produce free radicals, which initiate the polymerization of monomers and oligomers.

The demand for eco-friendly solutions in the UV curable adhesives market is growing rapidly as environmental concerns and sustainability goals become increasingly central to industrial practices. This trend is driven by a combination of regulatory pressures, consumer preferences, and industry innovation. Traditionally, UV curable adhesives, used in various industries such as electronics, automotive, and packaging, contained volatile organic compounds (VOCs) that contributed to air pollution and health hazards. However, recent advancements have led to the development of greener alternatives. For example, major companies like 3M and Henkel have pioneered innovations in this field. 3M's latest line of UV curable adhesives features low-VOC formulations and uses bio-based raw materials derived from renewable sources, reducing reliance on petrochemicals. Similarly, Henkel has introduced a range of eco-friendly UV curable adhesives under its Loctite brand, which are designed to be more energy-efficient during curing and are made with sustainable ingredients. For example, Henkel announced the commercialization of Loctite Stycast CC 8555, a conformal coating designed to protect electronics in extreme environments. This addition to the company’s conformal coating portfolio delivers printed circuit board (PCB) and sensitive component protection in challenging, high-power applications such as motor drives, PLCs, EV charging infrastructure, AC/DC power supplies, and other high-voltage electronics. Along with that, Nekoosa launched NextBond™ UV-cured durable adhesive, a robust, eco-friendly and cost-effective alternative to traditional solvent-based adhesives for long-term print applications like displays, decals and signage. These products not only meet stringent environmental regulations but also offer enhanced performance and durability, demonstrating that eco-friendly solutions can align with high industry standards. By embracing such innovations, these companies are leading the charge towards more sustainable manufacturing practices while addressing growing consumer and regulatory demands for greener products.

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Segment Analysis

The global UV Curable Adhesive  market has been segmented based on Resin Type, Substrate, End-user and Region.

Based on Resin Type, the Global UV Curable Adhesives Market is segmented into Silicone, Acrylic, Epoxy, and Others. Among these, the Acrylic of UV Curable Adhesive is projected to dominate the global UV Curable Adhesive  market revenue through the projected period. Epoxy holds the second-largest segment by type in the global UV Curable Adhesive  market. and its prominence can be attributed to its widespread adoption across a spectrum of industries and applications. Acrylic resins play a pivotal role in UV curable adhesives due to their versatile properties that enhance both performance and application flexibility. These resins are known for their rapid curing capability when exposed to ultraviolet light, which significantly speeds up the adhesive manufacturing process and reduces production times. Acrylic resins offer a range of beneficial characteristics, including excellent clarity and optical properties, making them ideal for applications where aesthetic appearance and transparency are crucial, such as in optical lenses or electronic displays.

Based on Substrate, the Global UV Curable Adhesives Market is segmented into Ceramic, Glass, Composites, Metal, Plastics, Rubber and Elastomers, and Others. Among these, the Glass of UV Curable Adhesive is projected to dominate the global UV Curable Adhesive  market revenue through the projected period.

In End-user segment, the market is categorized Medical, Electrical and Electronics, Transportation, Packaging, Furniture and Others. Out of which the Electrical and Electronics segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. In the electrical and electronics industry, UV curable adhesives are increasingly valued for their exceptional performance in bonding, encapsulating, and sealing applications.

Regional Analysis

By Region, the UV Curable Adhesive market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The Asia-Pacific UV Curable Adhesive  market holds the considerable market share and is also forecasted to hold the largest share during the forecast period. The Asia-Pacific UV curable adhesives market is experiencing significant growth, driven by the region’s expanding industrial base and increasing demand across various sectors.

Key Findings of the Study

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  The global UV Curable Adhesive market is expected to reach 3,438.1 million by 2032, at a CAGR of 10.62% during the forecast period.

  
  


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  The Asia Pacific region accounted for the fastest-growing global market.

  
  


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  Based on Resin Type, the Acrylic segment was attributed to holding the largest market in 2023.

  
  


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  Based on Substrate, the Glass segment was attributed to holding the largest market in 2023.

  
  


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  Based on End-user, the Electrical and Electronics segment was attributed to holding the largest market in 2023.

  
  


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  3M Company, Dow Chemical Company, Denka Company Limited, Dymax Corporation, Epoxy Technology, Henkel AG & Co. KGaA, Master Bond Inc., Sika Group, Panacol-Elosol GmbH, and Bostik are the key market players.