TAGS: UV/EB Cure Adhesives Epoxy Adhesives Acrylic Adhesives Polyurethane Adhesives
Data Bridge Market Research (DBMR) anticipates that the global UV adhesive market will reach an estimated valuation of USD 2.1 billion by 2027 while registering this growth at a rate of 9.30% for the forecast period of 2020 to 2027. Growth in the electronic industry is expected to create new opportunities for the market.
Increase Demand from Medical Industry
Growth in the medical industry is expected to enhance market growth. Some of the other factors such as increasing demand for flexible packaging applications, increasing demand for compact electronic products, growing demand for high-tech machinery & equipment from manufacturing industries and increasing urbanization are expected to drive the UV adhesive market in the forecast period of 2020 to 2027.
High production cost and availability of alternatives in the market is expected to hamper the market growth in the mentioned forecast period.
Core Application Areas
UV adhesive market is segmented of the basis of product type, end- users and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
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On the basis of product type, the UV adhesive market is segmented into epoxy, acrylic, cyanoacrylate, silicone, and polyurethane.
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Based on application, the UV adhesive market is divided into glass bonding, electronics, packaging & laminating, medical & pharmaceuticals and industrial application.
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The end- users segment of the UV adhesive market is divided into medical, electronics, transportation and industrial assembly.
Highest Growth in North America
North America dominates the UV adhesive market in the forecast period of 2020 to 2027. The increasing investment and growing demand for high-technology medical equipment is expected to enhance the market growth.
Source: Data Bridge Market Research