Global Energy Curing Adhesives Market: Overview
The global energy curing adhesive market is anticipated to rise significantly during the forecast period owning to advancement in printing industry. The energy curing adhesive market is expecting a boost in the market due to emergence of new products and services in the printing industry. The market will be experiencing attractive potential growth due to technological advancement in flexographic printing, 3D printing, and intelligent labels. These factors are likely to fuel the global market for energy curing adhesives. The key factor for the rise of the market is usage of printing applications in semiconductor industry. Additionally, rise in demand from publication and packaging industry is expected to be fruitful in the growth of the market.
The global energy curing adhesive market on type basis is segmented into electron beam, UV radiation, and visible light. Among these, UV based energy curing adhesives are most commonly consumed in the market and is anticipated to be the leading segment as compared to other segments in the coming years. It is in high demand due to its utilization in medical devices, metal, and electronics industry.
The report offers a comprehensive evaluation of the global energy curing adhesive market with special focus on dynamics of market including market drivers, restrains, trends, and opportunities. The report also provides regional and other segmentation study of the market based on accurate facts and figures.
Global Energy Curing Adhesives Market: Trends
Extensive usage of energy curing adhesive in the printing industry is expected to bolster the demand for the global energy curing adhesive market globally. Due to its properties of being non-flammable and solvent free, the demand for energy curing adhesives are more compared to other adhesives in the market. Its solvent free property makes it ideal for the printing applications. It is an excellent material for bonding glass to metal or glass to glass. Thus, leading to rise in consumption of energy curing adhesive globally. They are also used as strong bonds for load bearing joints found in display cases and glass furniture. The energy curing adhesives market is also rising because it uses electron beam, visible light, and UV energy to form shapes, bonds, patterns, films, coatings, and beads. This makes them ideal for outdoor and interior coatings, haptic surfaces, industrial & electronic applications, automotive, and hard to flexible coatings. Energy curing adhesives are appropriate for production of acrylic glass, glassware, and glass furniture, along with products for medical and optical industries. The energy curing adhesives inhibit photo initiator which is a unique feature that get activated while absorbing energy from radiations of visible light or UV.
Global Energy Curing Adhesives Market: Geography
The global energy curing adhesives market is spread across regions such as Asia pacific, Europe, North America, Latin America, and Middle East & Africa. Among these, Asia pacific will be witnessing significant growth during the forecast period. The rising demand from this region is due to emerging economies such as India and China.
Similarly, North America is anticipated to rise as the fastest growing region among all other regions owing to rise in demand for 3d printing and packaging printing.
Global Energy Curing Adhesives Market: Companies Mentioned
The key players operating in the energy curing adhesives market are Phoseon Technology, Simco-Groups, and DELO. Due to few handful companies operating, the market is highly competitive and consolidated in nature.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.