Global UV Curable Adhesive Market Overview
UV Curable Adhesive Market Size was valued at USD 1168.94 million in 2022. The UV Curable Adhesive Market industry is projected to grow from USD 1314.77 million in 2023 to USD 3438.11 million by 2032, exhibiting a compound annual growth rate (CAGR) of 10.62% during the forecast period (2024 - 2032). Silicone-based UV adhesives can withstand a wide range of temperatures, from extreme cold to high heat without losing their adhesive properties. They are often used in medical and healthcare applications due to their biocompatibility and low toxicity. Silicone-based UV adhesives exhibit good adhesion to a wide range of substrates, including glass, metals, plastics, and ceramics, making them suitable for diverse applications. Their combination of physical properties, chemical resistance, and curing speed makes them a sought-after choice in several industries where reliable bonding, flexibility, and durability are critical factors.
Acrylic-based UV adhesives are known for their clarity, flexibility, and resistance to yellowing. They are commonly used in applications such as glass bonding, lens mounting, and optical fiber assembly. Acrylics offer a balance of adhesive strength, impact resistance, and environmental resistance, making them suitable for a variety of substrates.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
UV Curable Adhesive Market Trends
The Technical Superiority of UV Curable Adhesives is Driving Market Demand
The adhesives market is seeing a rise in interest in UV curable adhesives because of their distinct technological benefits over conventional adhesive solutions. These adhesives differ from other kinds of adhesives in that they provide a mix of speed, precision, and environmental benefits. They cure when exposed to ultraviolet (UV) radiation. In industries including electronics, automotive, medical devices, and packaging, UV curable adhesives are becoming the go-to option as needs change and call for more effective and environmentally friendly bonding solutions.
UV adhesives offer many outstanding benefits for industrial and manufacturing applications. Here are some of the outstanding benefits of UV adhesives:
UV adhesives have many outstanding advantages but also have some limitations such as the requirement of a curing system, compatibility with the surface, etc. UV adhesives are usually one-component adhesives that allow for easy handling although for some applications an activator or primer is required to improve adhesion and/or curing, especially in locations where the adhesive is hidden from the UV light source. For the polymerization reaction to occur, the adhesive needs to be exposed to UV light so at least one surface to be bonded must be transparent or opaque to allow UV light to pass through. However, recent developments have investigated “dual-cure” products that allow UV adhesives to cure by two mechanisms such as UV-heat, UV-humidity, UV-anaerobic, thereby helping the adhesive in locations hidden from the light to dry completely. Prostech provides solutions to help overcome these limitations and optimize the process such as products and UV curing systems suitable for different applications across different manufacturing industries.
UV Curable Adhesive Market Segment Insights
UV Curable Adhesive by Resin Type Insights
The UV Curable Adhesive Market segmentation, based on Resin Type has been segmented into Silicone, Acrylic, Epoxy, and Others. In 2023, the Acrylic segment drove the UV Curable Adhesive Market by holding a substantial market share. 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. They also exhibit strong adhesion to various substrates, including plastics, metals, and glass, providing robust bonding strength while maintaining flexibility to accommodate material movement and thermal expansion. Furthermore, acrylic resins contribute to the overall durability of UV curable adhesives by imparting resistance to environmental factors such as UV radiation, moisture, and chemical exposure. This resistance ensures that the adhesive maintains its performance and structural integrity over time, even in challenging conditions. Additionally, acrylic resins can be tailored to specific needs through copolymerization or the incorporation of different functional groups, allowing for customization in properties like hardness, elasticity, and adhesion strength.
UV Curable Adhesive by Substrate Insights
The UV Curable Adhesive Market segmentation, based on Substrate has been segmented into Ceramic, Glass, Composites, Metal, Plastics, Rubber and Elastomers, and Others. In 2023, the Glass segment drove the UV Curable Adhesive Market by holding a substantial market share. Glass surfaces are smooth and non-porous, which enhances the adhesive's ability to form a strong, clear bond without affecting the optical properties of the glass. The efficiency of UV curable adhesives means that they can bond glass quickly without the need for prolonged heat or additional processing time, reducing the risk of thermal stress or warping. This rapid curing capability is advantageous in high-speed manufacturing settings, where maintaining production efficiency and precision is critical. Additionally, UV curable adhesives' minimal shrinkage during curing helps preserve the alignment and integrity of glass components, making them ideal for applications that require both durability and optical clarity, such as touchscreens, optical lenses, and glass assemblies.
UV Curable Adhesive By End-user Insights
Based on End-user, the UV Curable Adhesive Market is segmented into Medical, Electrical and Electronics, Transportation, Packaging, Furniture, and Others. In 2023, the Electrical and Electronics segment drove the UV Curable Adhesive Market by holding a substantial market share during the assessment period. It is projected to register a highest growth rate during the projected timeframe. UV curable adhesives are used extensively in the bonding of substrates such as plastics, metals, and glass, which are common in electronic assemblies. They are ideal for securing components like LED assemblies, connectors, and circuit boards, where precise adhesion is crucial for maintaining electrical conductivity and mechanical stability. Additionally, these adhesives offer excellent optical clarity and low viscosity, which makes them suitable for applications involving clear coatings or potting materials that need to encapsulate sensitive components while preserving their functionality and visibility. The ability to cure quickly upon exposure to UV light also minimizes thermal stress on heat-sensitive electronic parts, further enhancing the reliability and longevity of the final product. Furthermore, UV curable adhesives are designed to resist harsh environmental conditions, including moisture and temperature fluctuations, which is vital for ensuring the durability and performance of electronic devices in various operational settings.
UV Curable Adhesive Regional Insights
Based on 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 held the maximum market share and is also expected to account for the significant revenue share during the forecast period. The automotive industry in APAC, which is one of the largest globally, relies heavily on UV curable adhesives for bonding components and assembling lightweight materials, aligning with the region's focus on enhancing vehicle efficiency and performance. Similarly, the electronics sector, which is a major contributor to the APAC economy, benefits from UV curable adhesives for their precision and rapid curing properties, crucial for the production of smartphones, semiconductors, and other high-tech devices. The APAC market is characterized by a strong emphasis on innovation and cost-efficiency, with companies investing in the development of advanced UV curable adhesive formulations that cater to the specific needs of local industries.
UV Curable Adhesive Key Market Players & Competitive Insights
The global UV- curable adhesives market is characterized by a moderate to strong level of competition in the market. The players in the market are constantly innovating and expanding their offerings and presence. Despite the challenges, there are several factors that are driving growth in the global UV Curable Adhesives market such as increasing awareness of the numerous benefits associated with these versatile adhesives across a wide range of industries. UV- curable adhesives are known for their rapid curing, strong bonding and versatility making them the best choice for various applications. Thus, these advantages are key factors driving the market growth. The market is benefiting from the development of new technologies. The key players in the global UV- curable adhesives market include 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. These companies compete based on service quality, innovation, price, customer service, and market share. Companies also engage in various strategic initiatives, such as mergers and acquisitions, contracts, partnerships, joint ventures, and expansions, to enhance their market position and expand their reach. For instance, on April 30, 2024, Dow, Henkel and Kraton Jointly Drive Sustainability in North American Consumer Goods Industry. TECHNOMELT® SUPRA 100 LE and TECHNOMELT® SUPRA 106M LE formulas designed biobased alternatives reduce the adhesives’ cradle-to-gate carbon footprint by 25% compared to the legacy products. This reduced footprint is enabled by a proprietary formulation of Kraton’s SYLVALITE™ 2200 biobased tackifiers developed with REvolution™ rosin ester technology and Dow’s AFFINITY™ GA polyolefin elastomers. The lower emission formulations maintain equivalent performance and food safe properties customers expect from the legacy designs. Moreover, in June 18, 2024, Dow has three different adhesives systems, when used in conjunction with PE film packaging, have received formal recognition from the Association of Plastic Recyclers (APR) for polyethylene film recycling. PACACEL™ L75-200 and PACACEL™ L-75-191 Solventless Adhesives and ADCOTE™ 536A Solvent-Borne Adhesive join the ever-growing list of Dow products to already achieve APR Design Critical Guidance Recognition, a globally recognized standard for evaluating recyclability in plastic packaging design, awarded to companies that successfully address sustainability challenges in packaging.
3M Company: 3M Company, originally known as the Minnesota Mining and Manufacturing Company, is a multinational conglomerate operating in various fields, including industry, worker safety, healthcare, and consumer goods. The company produces over 60,000 products under several brands, such as adhesives, abrasives, laminates, passive fire protection, personal protective equipment, window films, paint protection films, dental, orthodontic products, electrical, electronic connecting, insulating materials, medical products, car-care products, electronic circuits, healthcare software, and optical films. 3M is based in Maplewood, a suburb of Saint Paul, Minnesota, and had approximately 92,000 employees and operations in more than 70 countries as of 2021. In June 2023, 3M reached a settlement to pay more than $10 billion to US public water systems to resolve claims over the company's contamination of water with PFASs (per- and polyfluoroalkyl substances), commonly known as "forever chemicals." The company operates in more than 200 countries with strong presence in North America, Europe, and Asia Pacific region.
Denka Company Limited: Denka Company Limited (Denka) was established in 1915 for the production of calcium carbide and chemical fertilizers by utilizing abundant limestone resources and its in-house electric power plants. Since then, they have grown to become a unique chemicals manufacturer involved in the production and distribution of a wide range of chemical products from inorganic and organic materials to electronic materials and processed resin products. These materials are based on their proprietary technologies of electric furnace controls, high-temperature reaction controls, organic synthesis and others nurtured over long years of experience in the field of calcium carbide chemicals business.
Key Companies in the UV Curable Adhesive Market includes.
UV Curable Adhesive Market Segmentation
UV Curable Adhesive Resin Type Outlook
UV Curable Adhesive Substrate Outlook
UV Curable Adhesive End-user Outlook
UV Curable Adhesive Regional Outlook
North America
US
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
South America
Middle East & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 1168.94 million |
| Market Size 2023 | USD 1314.77 million |
| Market Size 2030 | USD 3438.11 million |
| Compound Annual Growth Rate (CAGR) | 10.62% (2024-2032) |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2018 to 2022 |
| Forecast Units | Value (USD Million) and Volume (Tons) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Resin Type, Substrate, End-user, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Rest of World |
| Countries Covered | US, Canada, Germany, UK, France, Spain, Italy, China, Japan, India, South Korea, Brazil, Mexico, Argentina, South Africa, GCC Countries |
| Key Companies Profiled | 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 |
| Key Market Opportunities | Increased usage in medical and healthcare sectors |
| Key Market Dynamics | Increased Demand for Eco-Friendly Solutions Rising investment By major key players |
Frequently Asked Questions (FAQ) :
US$ 1314.77 Mn
10.62%
Asia-Pacific
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
Acrylic
Electrical and Electronics
Glass
Senior Research Analyst She has over 5 years of rich experience, in market research and consulting providing valuable market insights to client. hands on expertise in management consulting, and extensive knowledge in domain including ict, automotive & transportation and aerospace & defense. she is skilled in go-to market strategy, industry analysis, market sizing, in depth company profiling, competitive intelligence & benchmarking and value chain amongst others.
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