Market Size of UV-Curable Adhesives Industry
| 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 | North America |
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 pandemic, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, 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 automotive and aerospace applications and the increasing demand for these adhesives 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 packaging industry and a rise in the technologies for UV-curable adhesives are expected to act as opportunities for the market studied.
- North America dominated the global market, with the highest consumption registered in the United States.
UV-Curable Adhesives Industry Segmentation
UV-curable adhesives can be cured without heating upon exposure to UV light or other radiation sources and then bonded to the required substrate. These adhesives offer 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. By resin type, the market is segmented into silicone, acrylic, polyurethane, epoxy, and other resin types. By end-user industry, the market is segmented into medical, electrical and electronics, transportation, packaging, furniture, and other end-user industries. The report also covers the market sizes and forecasts for the UV-curable adhesives market in 27 countries across major regions. The report offers market sizes and forecasts in value (USD) 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 |
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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.
UV-Curable Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 UV-curable Adhesives Gaining Traction in the Automotive and Aerospace Sectors
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1.1.2 Growing Popularity Due to Favorable Environmental Regulations
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1.1.3 Others Drivers
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1.2 Restraints
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1.2.1 High Costs Associated With the Production of UV-curable Adhesives
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1.2.2 Availability of Substitutes
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1.2.3 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Resin Type
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2.1.1 Silicone
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2.1.2 Acrylic
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2.1.3 Polyurethane
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2.1.4 Epoxy
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2.1.5 Other Resin Types
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2.2 End-user Industry
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2.2.1 Medical
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2.2.2 Electrical and Electronics
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2.2.3 Transportation
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2.2.4 Packaging
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2.2.5 Furniture
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2.2.6 Other End-user Industries
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Malaysia
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2.3.1.6 Thailand
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2.3.1.7 Indonesia
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2.3.1.8 Vietnam
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2.3.1.9 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Spain
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2.3.3.6 NORDIC Countries
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2.3.3.7 Turkey
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2.3.3.8 Russia
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2.3.3.9 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Colombia
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2.3.4.4 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 Qatar
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2.3.5.3 United Arab Emirates
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2.3.5.4 Nigeria
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2.3.5.5 Egypt
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2.3.5.6 South Africa
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2.3.5.7 Rest of Middle East and Africa
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UV-Curable Adhesives Market Size FAQs
How big is the UV-Curable Adhesives Market?
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.
What is the current UV-Curable Adhesives Market size?
In 2024, the UV-Curable Adhesives Market size is expected to reach USD 4.79 billion.
