UV-Curable Adhesives Market Size (2024 - 2029)

The UV-Curable Adhesives Market is projected to experience growth over the forecast period, driven by increasing demand in flexible packaging and supportive environmental regulations. Despite challenges such as high production costs and the presence of alternative adhesives, opportunities arise from the medical industry's demand and advancements in environmentally beneficial processes. The market's expansion is further supported by the recovery from COVID-19 disruptions, with the Asia-Pacific region leading in consumption.

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Market Size of UV-Curable Adhesives Industry

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UV-Curable Adhesives Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 4.79 Billion
Market Size (2029) USD 6.25 Billion
CAGR (2024 - 2029) 5.46 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

UV-Curable Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

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UV-Curable Adhesives Market Analysis

The UV-Curable Adhesives Market size is estimated at USD 4.79 billion in 2024, and is expected to reach USD 6.25 billion by 2029, growing at a CAGR of 5.46% during the forecast period (2024-2029).

Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, thereby restoring the growth trajectory of the market

  • The major factors driving the market studied are the rising demand for UV adhesives in flexible packaging applications and increasing demand due to favorable environmental regulations.
  • On the flip side, the high cost of producing UV-curable adhesives and the availability of alternative adhesives are expected to hinder the market's growth.
  • An increase in demand from the medical industry and research and development in novel processes offering environmental and social benefits are expected to act as opportunities for the market studied.
  • Asia-Pacific dominated the market worldwide, with the largest consumption from countries like China, Japan, and India.

UV-Curable Adhesives Industry Segmentation

UV-curable adhesives can be cured without heating upon exposure to UV light or other radiation sources and bonded to the required substrates. This adhesive owns beneficial properties such as superior thermal stability, optical clarity, and resistance to moisture, solvents, and chemicals. The UV curable adhesives market is segmented by resin type, end-user industry, and geography. The market is segmented by resin type into silicone, acrylic, polyurethane, epoxy, and other resin types. The market is segmented into medical, electrical and electronics, transportation, packaging, furniture, and other end-user industries by end-user industry. The report also covers the market size and forecasts for the UV curable adhesives market in 15 countries across major regions. The report offers market size and forecasts for the UV-curable adhesives market in revenue (USD million) for all the above segments.

Resin Type
Silicone
Acrylic
Polyurethane
Epoxy
Other Resin Types
End-user Industry
Medical
Electrical and Electronics
Transportation
Packaging
Furniture
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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UV-Curable Adhesives Market Size Summary

The UV-Curable Adhesives Market is poised for significant growth, driven by increasing demand in flexible packaging applications and favorable environmental regulations. The market experienced a setback due to the COVID-19 pandemic, which disrupted manufacturing and supply chains, but has since rebounded. The adhesives are particularly valued in the packaging sector for their ability to bond various materials quickly and their superior properties, such as strength, flexibility, and moisture resistance. The rising demand from the medical industry and ongoing research and development in environmentally beneficial processes present further opportunities for market expansion. However, challenges such as high production costs and the availability of alternative adhesives may impede growth.

The Asia-Pacific region is expected to lead the global market, with countries like China, India, and Japan driving demand due to their burgeoning packaging and medical industries. The region's growing appetite for packaged food, fueled by lifestyle changes and increased disposable income, further supports market growth. China's position as the largest packaging consumer and India's rapidly expanding packaging industry underscore the region's dominance. Additionally, Japan's focus on technological advancements and R&D in UV-curable adhesives contributes to the market's expansion. The market is consolidated, with major players like Dymax Corporation, 3M, H.B. Fuller, Henkel AG & Company KGaA, and DELO Industrial Adhesives holding significant market shares. Recent developments by these companies, such as Dymax's new adhesive for medical applications and DELO's UV acrylates for optoelectronics, highlight ongoing innovation and strategic expansion in emerging technologies.

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UV-Curable Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Demand for UV Adhesives in Flexible Packaging Application

      2. 1.1.2 Increasing Demand Due to Favourable Environmental Regulations

      3. 1.1.3 Others Drivers

    2. 1.2 Restraints

      1. 1.2.1 High Cost Associated with the Production of UV-Curable Adhesives

      2. 1.2.2 Availability of Alternative Adhesives

      3. 1.2.3 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Resin Type

      1. 2.1.1 Silicone

      2. 2.1.2 Acrylic

      3. 2.1.3 Polyurethane

      4. 2.1.4 Epoxy

      5. 2.1.5 Other Resin Types

    2. 2.2 End-user Industry

      1. 2.2.1 Medical

      2. 2.2.2 Electrical and Electronics

      3. 2.2.3 Transportation

      4. 2.2.4 Packaging

      5. 2.2.5 Furniture

      6. 2.2.6 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

UV-Curable Adhesives Market Size FAQs

The UV-Curable Adhesives Market size is expected to reach USD 4.79 billion in 2024 and grow at a CAGR of 5.46% to reach USD 6.25 billion by 2029.

In 2024, the UV-Curable Adhesives Market size is expected to reach USD 4.79 billion.

UV-Curable Adhesives Market Report Snapshots

UV-Curable Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)