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

UV Adhesives Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020

Global UV Adhesives Market: Snapshot 

The global UV adhesives market is witnessing a high growth in the recent times on account of the increasing demand for compact electronic devices. The demand for UV adhesives for flexible packaging solutions will also help drive the growth prospects of this market. Key benefits of using UV adhesives include, high bond strength, low volatile organic compound emissions, and fast curing rates. Thus, UV adhesives are excellent for applications needing fast curing, such as permanent bonding. 

Since the adherence of UV adhesives to substrates made of wood, plastics, metals, and similar other materials are excellent, they are extensively used for both structural and non-structural applications. Therefore, the global UV adhesives market is projected to witness a healthy growth over the forecast period. On the other hand, the high initial installation cost is acting as a restraint for the growth of this market. The end users are inhibiting form investing in the advanced machinery required for UV curing, owing to the high cost. This is having a negative impact on the growth of the UV adhesives market. On a positive note, the novel applications of UV adhesives will create growth opportunities in the market. The development of alternative solutions such as LED UV lamps for curing and innovation of new products will drive the growth prospects of the UV adhesives market across the globe. 

Assembly Application to Emerge Dominant Leaving Behind Packaging and Laminating Segment 

The packaging and laminating applications had been leading in the global UV adhesives market and occupied considerable shares in the past, trailed by the assembly application segment. However, this scenario will flip and the assembly application segment will become the leading segment in the market, witnessing the fastest growth during the forecast period. The rapid growth in construction activities is slated to fuel the demand for UV adhesives across the globe. These adhesives are used and in demand for flooring, wood working and other interior applications. 

Surge in Construction Activities to Drive Asia Pacific UV Adhesives Market 

On the basis of most lucrative region in the world for the UV adhesives market, it is Asia Pacific that will appear in the forefront. Driven by the surge in construction activities, Asia Pacific will witness the fastest growth in the years to come. The North America region led in the market in the recent past and accounted for considerable share. The Rest of the World is anticipated to witness a healthy and steady demand for UV adhesives during the forecast period. The rise in infrastructural activities and growth in the construction and building industries will fuel the demand for UV adhesives from this part of the world. 

Epoxy UV Adhesives to Lose Shares in Future 

UV adhesives are produced using a variety of chemistries such as styrene-butadiene copolymer (SBC), acrylic, polyurethane, polyvinyl acetate (PVAc), silicone, and epoxy. Of these the high bond strength provided by acrylic makes it the most widely accepted and used product type. Acrylic not only offers optical clarity, but is low in price. Thus, it is being increasingly preferred. Moreover, acrylic is anticipated to expand at the fastest growth rate in the coming years. Epoxy UV adhesive, which was one of the leading product segments in the past, is however slated to lose market shares to acrylic, silicone, and polyester.

 
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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