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Published Date: 2014-12-19Number of Pages: 88

UV Adhesives (Acrylic, Epoxy, Polyurethane, Silicone and Others) Market for Packaging & Laminating, Assembly, Wood-working, Pressure Sensitive Applications, and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020


UV adhesives adhere or bond to a variety of substrates including plastics, metals, wood, and other materials used in various structural or non-structural applications. UV adhesives are mostly used in product assembly applications in electronics, automotive, and medical equipment manufacture and flexible packaging & laminating applications in industrial and other consumer goods. Apart from this UV adhesives and also used for wood-working in furniture and construction industries; pressure sensitive applications for tapes and optical films; and other labeling, paneling, glazing, and graphic art applications. Additionally, UV adhesives are best suited for applications where fast curing is necessary along with permanent bonding. 

Stringent regulations against the use of chemicals that emit volatile organic compounds (VOCs) have resulted in the development and adoption of low VOC emitting products such as UV adhesives. This, coupled with the fast-curing ability and good bond strength of UV adhesives, is anticipated to propel the UV adhesives market in the near future. Benefits such as environment friendliness, time efficiency, lightness in weight, and aesthetics are the major drivers for the rising adoption of UV adhesives. Miniaturization of electronic devices enabled by use of adhesives and rising demand for flexible packaging applications of UV adhesives is estimated to further fuel demand for UV adhesives in the near future. However, high initial installation cost of advanced machinery is projected to hamper market growth during the forecast period. New applications of products coupled with investment and funding opportunities for development of higher number of formulations is expected to provide immense opportunities in the near future. 

UV adhesives can be prepared using a variety of chemistries including acrylic, polyurethane, epoxy, silicone, and others including polyesters, styrene-butadiene copolymer (SBC), and polyvinyl acetate (PVAc). Acrylic is the most commonly used product type due to its high bond strength, low price, wide applicability, and optical clarity. Acrylic UV adhesive was the dominant segment across all regions and accounted for approximately 35% of the global market volume in 2013. Acrylic UV adhesives are expected to be the fastest-growing product segments during the forecast period. Epoxy UV adhesive was another high volume product segment in 2013; however, it is expected to lose its market share to other products such as acrylic, polyesters, and silicone in the near future.

Packaging & laminating applications of UV adhesives dominated the market, with over 25% share of the global market volume in 2013. Assembly application was the second-largest segment in 2013. This application is projected to be the fastest-growing segment, and is likely to be the dominant segment by 2020. Increasing construction activities are anticipated to augment the demand for UV adhesives in wood-working, flooring and other interior applications. 

North America was the largest consumer of UV adhesives, and accounted for more than 30% of the global market volume in 2013. Asia Pacific was the second-largest regional market in 2013, and is likely to be the fastest growing region between 2014 and 2020. Rest of the world (RoW) region comprises the Middle East, Latin America and Africa. Rising construction projects are projected to boost the demand for UV adhesives in this region. 

Being under pressure for using VOC emitting chemicals, market players are investing in research activities to develop new products with lower VOC emissions. Government agencies such as the United States Environmental Protection Agency (US EPA), and the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) in Europe have laid down strict regulations against the use of environmentally-harmful chemicals to conserve the environment. Additionally, organizations such as the New York State Energy Research and Development Authority (NYSERDA) provide open funding opportunities for the development of environment-friendly technologies such as UV curing. 

Key players in the market include the 3M Company, Henkel AG & Co., KGaA, H.B. Fuller Co., Bostik SA, The Dow Chemical Company, and BASF SE.

uv-adhesives-market


Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Scope and Assumptions
     1.3.1 Research Scope
     1.3.2 Assumptions
     1.3.3 Abbreviations
1.4 Research Methodology

Chapter 2 Executive Summary
2.1 Global UV Adhesives Market, 2013 – 2020 (Tons) (US$ ‘000)
     2.1.1 Global UV Adhesives Market Snapshot, 2013 & 2020

Chapter 3 UV Adhesives - Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
     3.3.1 Attractive Superior Product Characteristics Such As Fast Curing Rates, High Bond Strength and Low VOC Emissions
     3.3.2 Increasing Popularity of Thinner, Smaller and Compact Electronic Devices
             3.3.2.1 Global Mobile Phone and Tablet Market, 2013 – 2020 (Mn Units)
     3.3.3 Rising Demand for UV Adhesives for Flexible Packaging Applications
             3.3.3.1 Global Flexible Packaging Market, 2013 – 2020 (US$ Mn)
3.4 Market Restraints
     3.4.1 Slow Adoption Due to Requirement of Costly Advanced Machinery for Application
3.5 Opportunities
     3.5.1 Novel Applications and Open Funding Opportunities for Research and Development of Environment-Friendly Products
     3.5.2 Development and Commercialization of LED UV Lamps
3.6 Porter’s Five Forces Analysis
     3.6.1 Bargaining Power of Suppliers
     3.6.2 Bargaining Power of Buyers
     3.6.3 Threat from Substitutes
     3.6.4 Threat of New Entrants
     3.6.5 Degree of Competition
3.7 UV Adhesives: Market Attractiveness Analysis
3.8 UV Adhesives: Company Market Share Analysis, 2013

Chapter 4 UV Adhesives Market – Product Segment Analysis
4.1 Global UV Adhesives Market: Product Segment Overview
     4.1.1 Global UV Adhesives Market Volume Share, by Product Segments, 2013 & 2020
4.2 Acrylic
     4.2.1 Global Acrylic UV Adhesives Market, 2013 - 2020 (Tons) (US$ ‘000)
4.3 Epoxy
     4.3.1 Global Epoxy UV Adhesives Market, 2013 - 2020 (Tons) (US$ ‘000)
4.4 Polyurethane
     4.4.1 Global Polyurethane UV Adhesives Market, 2013 - 2020 (Tons) (US$ ‘000)
4.5 Silicone
     4.5.1 Global Silicone UV Adhesives Market, 2013 - 2020 (Tons) (US$ ‘000)
4.6 Others (Including Polyesters, Polyethers, SBC and PVAc)
     4.6.1 Global Other UV Adhesives Market, 2013 - 2020 (Tons) (US$ ‘000)

Chapter 5 UV Adhesives Market - Application Analysis
5.1 Global UV Adhesives Market: Application Overview
     5.1.1 Global UV Adhesives Market Volume Share, by Applications, 2013 & 2020
5.2 Packaging & Laminating Applications
     5.2.1 Global UV Adhesives Market for Packaging & Laminating Applications, 2013 - 2020 (Tons) (US$ ‘000)
5.3 Assembly Applications
     5.3.1 Global UV Adhesives Market for Assembly Applications, 2013 - 2020 (Tons) (US$ ‘000)
5.4 Wood-working Applications
     5.4.1 Global UV Adhesives Market for Wood-working Applications, 2013 - 2020 (Tons) (US$ ‘000)
5.5 Pressure Sensitive Applications
     5.5.1 Global UV Adhesives Market for Pressure Sensitive Applications, 2013 - 2020 (Tons) (US$ ‘000)
5.6 Other Applications
     5.6.1 Global UV Adhesives Market for Other Applications, 2013 - 2020 (Tons) (US$ ‘000)

Chapter 6 UV Adhesives Market - Regional Analysis
6.1 Global UV Adhesives Market: Regional Overview
     6.1.1 Global UV Adhesives Market Volume Share, by Region, 2013 & 2020
6.2 North America
     6.2.1 North America UV Adhesives Market Volume, by Product Segments, 2013 - 2020 (Tons)
     6.2.2 North America UV Adhesives Market Revenues, by Product Segments, 2013 - 2020 (US$ ‘000)
     6.2.3 North America UV Adhesives Market Volume, by Application, 2013 - 2020 (Tons)
     6.2.4 North America UV Adhesives Market Revenues, by Application, 2013 - 2020 (US$ ‘000)
6.3 Europe
     6.3.1 Europe UV Adhesives Market Volume, by Product Segments, 2013 - 2020 (Tons)
     6.3.2 Europe UV Adhesives Market Revenue, by Product Segments, 2013 - 2020 (US$ ‘000)
     6.3.3 Europe UV Adhesives Market Volume, by Application, 2013 - 2020 (Tons)
     6.3.4 Europe UV Adhesives Market Revenues, by Application, 2013 - 2020 (US$ ‘000)
6.4 Asia Pacific
     6.4.1 Asia Pacific UV Adhesives Market Volume, by Product Segments, 2013 - 2020 (Tons)
     6.4.2 Asia Pacific UV Adhesives Market Revenues, by Product Segments, 2013 - 2020 (US$ ‘000)
     6.4.3 Asia Pacific UV Adhesives Market Volume, by Application, 2013 - 2020 (Tons)
     6.4.4 Asia Pacific UV Adhesives Market Revenue, by Application, 2013 - 2020 (US$ ‘000)
6.5 Rest of the World (RoW)
     6.5.1 RoW UV Adhesives Market Volume, by Product Segments, 2013 - 2020 (Tons)
     6.5.2 RoW UV Adhesives Market Revenues, by Product Segments, 2013 - 2020 (US$ ‘000)
     6.5.3 RoW UV Adhesives Market Volume, by Application, 2013 - 2020 (Tons)
     6.5.4 RoW UV Adhesives Market Revenues, by Application, 2013 - 2020 (US$ ‘000)

Chapter 7 Company Profiles
7.1 3M Company
     7.1.1 Company Overview
     7.1.2 Product Portfolio
     7.1.3 Financial Overview
     7.1.4 Business Strategy
     7.1.5 Recent Developments
7.2 Ashland, Inc.
     7.2.1 Company Overview
     7.2.2 Product Portfolio
     7.2.3 Financial Overview
     7.2.4 Business Strategy
     7.2.5 Recent Developments
7.3 H.B. Fuller Company
     7.3.1 Company Overview
     7.3.2 Product Portfolio
     7.3.3 Financial Overview
     7.3.4 Business Strategies
     7.3.5 Recent Developments
7.4 Henkel AG & Co. KGaA
     7.4.1 Company Overview
     7.4.2 Product Portfolio
     7.4.3 Financial Overview
     7.4.4 Business Strategy
     7.4.5 Recent Developments
7.5 BASF SE
     7.5.1 Company Overview
     7.5.2 Product Portfolio
     7.5.3 Financial Overview
     7.5.4 Business Strategies
     7.5.5 Recent Developments
7.6 Huntsman Corporation
     7.6.1 Company Overview
     7.6.2 Product Portfolio
     7.6.3 Financial Overview
     7.6.4 Business Strategy
7.7 Avery Dennison Corporation
     7.7.1 Company Overview
     7.7.2 Product Portfolio
     7.7.3 Financial Overview
     7.7.4 Business Strategy
     7.7.5 Recent Developments
7.8 Adhesives Research, Inc.
     7.8.1 Company Overview
     7.8.2 Product Portfolio
     7.8.3 Business Strategy
     7.8.4 Recent Developments
7.9 The Dow Chemical Company
     7.9.1 Company Overview
     7.9.2 Product Portfolio
     7.9.3 Financial Overview
     7.9.4 Business Strategies
     7.9.5 Recent Developments
7.10 Bostik SA
     7.10.1 Company Overview
     7.10.2 Product Portfolio
     7.10.3 Financial Overview
     7.10.4 Business Strategy
     7.10.5 Recent Developments

List of Figures 

FIG. 1 Global UV Adhesives Market Segmentation by Product Segment, Application and Region
FIG. 2 Global UV Adhesives Market, 2013 – 2020 (Tons) (US$ ‘000)
FIG. 3 UV Adhesives Market: Value Chain Analysis
FIG. 4 Global Mobile Phone and Tablet Market, 2013 – 2020 (Mn Units)
FIG. 5 Global Flexible Packaging Market, 2013 – 2020 (US$ Mn)
FIG. 6 Porter’s Five Forces Analysis for UV Adhesives
FIG. 7 UV Adhesives: Market Attractiveness Analysis
FIG. 8 UV Adhesives: Company Market Share Analysis, 2013
FIG. 9 Global UV Adhesives Market Volume Share, by Product Segments, 2013 & 2020
FIG. 10 Global Acrylic UV Adhesives Market, 2013 - 2020 (Tons) (US$ ‘000)
FIG. 11 Global Epoxy UV Adhesives Market, 2013 – 2020 (Tons) (US$ ‘000)
FIG. 12 Global Polyurethane UV Adhesives Market, 2013 - 2020 (Tons) (US$ ‘000)
FIG. 13 Global Silicone UV Adhesives Market, 2013 – 2020 (Tons) (US$ ‘000)
FIG. 14 Global Other UV Adhesives Market, 2013 - 2020 (Tons) (US$ ‘000)
FIG. 15 Global UV Adhesives Market Volume Share, by Applications, 2013 & 2020
FIG. 16 Global UV Adhesives Market for Packaging & Laminating Applications, 2013 - 2020 (Tons) (US$ ‘000)
FIG. 17 Global UV Adhesives Market for Assembly Applications, 2013 - 2020 (Tons) (US$ ‘000)
FIG. 18 Global UV Adhesives Market for Wood-Working Applications, 2013 - 2020 (Tons) (US$ ‘000)
FIG. 19 Global UV Adhesives Market for Pressure Sensitive Applications, 2013 - 2020 (Tons) (US$ ‘000)
FIG. 20 Global UV Adhesives Market for Other Applications, 2013 - 2020 (Tons) (US$ ‘000)
FIG. 21 Global UV Adhesives Market Volume Share, by Region, 2013 & 2020

List of Tables

TABLE 1 Global UV Adhesives Market Snapshot, 2013 & 2020
TABLE 2 Drivers for UV Adhesives Market: Impact Analysis
TABLE 3 Comparison of Adhesive Curing Rates
TABLE 4 Restraints for UV Adhesives Market: Impact Analysis
TABLE 5 North America UV Adhesives Market Volume, by Product Segments, 2013 - 2020 (Tons)
TABLE 6 North America UV Adhesives Market Revenues, by Product Segments, 2013 - 2020 (US$ ‘000)
TABLE 7 North America UV Adhesives Market Volume, by Application, 2013 - 2020 (Tons)
TABLE 8 North America UV Adhesives Market Revenues, by Application, 2013 - 2020 (US$ ‘000)
TABLE 9 Europe UV Adhesives Market Volume, by Product Segments, 2013 - 2020 (Tons)
TABLE 10 Europe UV Adhesives Market Revenue, by Product Segments, 2013 - 2020 (US$ ‘000)
TABLE 11 Europe UV Adhesives Market Volume, by Application, 2013 - 2020 (Tons)
TABLE 12 Europe UV Adhesives Market Revenues, by Application 2013 - 2020 (US$ ‘000)
TABLE 13 Asia Pacific UV Adhesives Market Volume, by Product Segments, 2013 - 2020 (Tons)
TABLE 14 Asia Pacific UV Adhesives Market Revenues, by Product Segments 2013 - 2020 (US$ ‘000)
TABLE 15 Asia Pacific UV Adhesives Market Volume, by Application, 2013 - 2020 (Tons)
TABLE 16 Asia Pacific UV Adhesives Market Revenue, by Application, 2013 - 2020 (US$ ‘000)
TABLE 17 Row UV Adhesives Market Volume, by Product Segments, 2013 - 2020 (Tons)
TABLE 18 Row UV Adhesives Market Revenue, by Product Segments, 2013 - 2020 (US$ ‘000)
TABLE 19 Row UV Adhesives Market Volume, by Application 2013 - 2020 (Tons)
TABLE 20 Row UV Adhesives Market Revenues, by Application, 2013 - 2020 (Tons)

UV adhesives are a type of radiation curable products that require UV radiation for curing and start bonding with their respective substrates. Radiation curable products such as the UV adhesives are a relatively new concept and niche in nature. UV adhesive products have certain advantages including low to zero volatile organic compounds (VOC) emissions, fast curing rates and good adhesion. The market is in early growth stages of life cycle and is attracting investments for new product development. Regulatory authorities, across the globe, are encouraging development of ‘green’, eco-friendly products in line with their initiative to conserve environment while ensuring sustainable growth.

This report provides a detailed description of the global UV adhesives market based on volume share (Tons) and revenue (US$ ‘000) for the period from 2014 to 2020. The report highlights factors contributing to the growth of the market. It also covers restraints that impede market growth. Detailed forecasts for UV adhesives from 2014 to 2020 have been given separately to better understand the market scenario. The UV adhesives market is described with respect to various segments along with opportunities expected to arise in the next six years.

In terms of geography, the global UV adhesives market has been segmented into regions such as North America, Europe, Asia Pacific, and Rest of the World. The UV adhesives market has been segmented based on the following product types: acrylic, polyurethane, epoxy, silicone, and others including polyesters, polyethers, styrene butadiene copolymer (SBC), and polyvinyl acetate (PVAc). 

The study segments the market on the basis of applications into packaging & laminating, assembly, wood-working, pressure sensitive, and other applications. It provides forecasts and estimates for each application segment in terms of revenue and volume during the forecast period from 2014 to 2020. Additionally, the study analyzes the market attractiveness of all the application segments of UV adhesives with the help of the market attractiveness tool.

The UV adhesives market is driven by superior product characteristics such as fast curing, good bond strength, and low to zero volatile organic compound (VOC) emissions. Strict regulations against VOC emissions from chemicals have put pressure on end-users and market players to develop and use environment-friendly chemicals that comply with VOC emission levels. Moreover, rising adoption of UV adhesives for assembly applications in electronic devices such as mobile phones and tablets and increasing demand from flexible packaging applications is anticipated to support growth of the UV adhesives market. However, slow adoption of UV adhesives by end users, owing to high initial cost of installation of advanced machinery for UV curing, is likely to hamper the market growth. Novel applications and development of new products and alternative engineered solutions such as LED UV Lamps for curing are projected to offer future growth prospects.

Value chain analysis, raw material analysis, and Porter’s five forces model have been given for a more comprehensive view of the market. These would also help in understanding the specifics of the industry structure besides giving an overview of the degree of competitiveness. The report also includes detailed profiles of key global players such as the 3M Company, H.B. Fuller Company, Henkel AG & Co. KGaA, BASF SE, Bostik SA, Huntsman Corporation, the Dow Chemical Company, Adhesive Research, Inc., Avery Dennison Corporation, and Ashland, Inc. Detailed description of these players include parameters such as company overview, financial overview, business strategies, and recent developments of the company.

The report segments the global UV adhesives market as:
  • UV Adhesives Market - Product Segment Analysis
    • Acrylic
    • Epoxy
    • Polyurethane
    • Silicone
    • Others (Including polyesters, polyethers, SBC and PVAc)
  • UV Adhesives Market-Application Analysis
    • Packaging & laminating
    • Assembly
    • Wood-working
    • Pressure sensitive applications
    • Others (Including paneling, labeling, glazing, and graphic arts)
  • UV Adhesives Market - Regional Analysis
    • North America
    • Europe
    • Asia Pacific
    • Rest of the World (RoW)


 
 
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