Global UV Adhesives Market: Overview 

UV adhesives come under the category of radiation curable products which need UV radiation to start the bond with the substrates, and for curing purpose. Radiation curable products, for example, the UV adhesives is niche in nature and is majorly a new idea. UV adhesives items have certain points of interest including negligible emission of volatile organic compound (VOC), effective adhesion, and quicker rate of curing. The market is in early development phases of life cycle and is pulling in scope of investments for the innovation of new products. Government regulations all over the world are supporting the growth of 'green', nature-friendly products in accordance with their drive to save the nature while guaranteeing economic development. 

However, increasing adoption of UV adhesives for manufacturing applications in electronic gadgets, for example, tablets and cell phones, along with surging demand for the usage in flexible packaging is foreseen to help development of the UV adhesives market. Nevertheless, moderate selection of UV adhesives by end use, inferable from high initial set up expense of cutting edge tools for curing UV, is estimated to hinder the growth in the market. 

As per a recent report by Transparency Market Research (TMR), the global UV adhesives market is prognosticated to develop at a strong CAGR of 8.1% within the forecast period from 2014 and 2020. TMR states that the global UV adhesives market is expected to reach around worth of US$116.9 mn by the end of 2020 from US$69.3 million back in 2013. 

Laminating and Packaging Sensitive Segment to Lead Market in Terms of Applications 

The report classifies the market based on application into wood-working, lamination, assembly, pressure sensitive, and so on. Among these, the segment of laminating and packaging sensitive had been driving in the global UV adhesives market and contributed significant share before, trailed by the segment of assembly application. Nevertheless, this situation is foreseen to flip and the segment of assembly application is likely to turn into the key segment in the global market, owing to the rapid development in coming years. The fast development in construction activities is estimated to boost the demand for UV adhesives over the globe. 

Moreover, the report breaks down the market engaging quality of all the application segments of UV adhesives. The UV adhesives market is categorized based on product type into polyurethane, acrylic, silicone, epoxy, and so on including polyethers, polyesters, polyvinyl acetic acid derivation (PVAc), and styrene butadiene copolymer (SBC). 

Asia Pacific to Lead Market as Most Lucrative Region 

Asia Pacific is anticipated to emerge as the leading region all across the globe in terms of most profiting regions. This is attributed to rising construction sector activities in the mentioned region. Besides, North America region drove the market in the past few years, with notable share in the market. The Rest of the World is foreseen to experience a relentless demand for UV adhesives in the forthcoming years owing to flood in infrastructural activities and development in the building and construction sector that is estimated to boost demand for UV adhesives. 

The key players operating in global UV adhesives market are H.B. Fuller Company, the 3M Company, Henkel AG & Co. KGaA, Bostik SA, BASF SE, Huntsman Corporation, Adhesive Research, Inc., the Dow Chemical Company, the Dow Chemical Company, and Avery Dennison Corporation.

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)
.