Top Companies in UV Adhesive Market by Size, Share, Historical and Future Data & CAGR | Report by Vantage Market Research
UV Adhesive Market is projected to reach a value of USD 1147.6 million by 2028 at a CAGR of 8.2% over the forecast period.
The Global UV Adhesive Market is valued at USD 715.2 million in 2021 and is projected to reach USD 1147.6 million by 2028 at a CAGR of 8.2% over the forecast period. The market for UV adhesives is expanding as more minor, thinner, and portable electronic gadgets become increasingly popular.
The market is expanding due to rising demand for UV adhesives because of their quick drying times, strong bonds, and reduced VOC emissions. In addition, the market is anticipated to increase due to growing environmental concerns and more stringent VOC emission regulations. For instance, Europe has created the EMICODE and M1 labels to demonstrate low adhesive VOC emissions. As a result, expanding environmental laws and regulations are anticipated to fuel the market expansion of UV adhesives.
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The demand for UV adhesives has increased as more electronic devices, like tablets, laptops, mobile phones, and televisions have entered our lives. With the shrinking of electronic gadgets, UV adhesives are quickly outpacing traditional screws, clamps, and hinges in popularity. Therefore, the market growth for UV adhesives is quickening due to the rising demand for the shrinking of electronic gadgets. Additionally, North America held a commanding position in the global UV adhesives market in 2022, accounting for more than 39% of the market's value. In that order, Asia Pacific and Europe were the two most prominent regions. Increased environmental regulations about VOC emissions have caused the market for adhesives in North America to change to favor UV adhesives.
The UV Adhesive market is dominated by globally established players like Beacon Adhesives Inc. (US), Flint Group (Luxembourg), Ashland Inc. (US), H.B. Fuller Co. (US), 3M Company (US), Henkel AG & Co. KgaA (Germany), Masterbond Inc. (US), Dymax Corporation (US), Permabond Engineering Adhesives (UK), and Hibond (Luxembourg) among others. In addition, these businesses are concluding partnership and merger & acquisition agreements to expand their position in specialized markets and broaden their consumer base.
Let’s Look at the Top Companies That are Taking the UV Adhesive Market by Storm
- Ashland Inc. (US)
Ashland Inc. is an additives and specialty products business with a consumer market focus. The company manufactures and sells various thermoplastic resins and various chemicals. Worldwide, Ashland provides services to the food, beverage, pharmaceutical, personal care, architectural coatings, construction, energy, and nutraceutical industries.
- Beacon Adhesives Inc. (US)
In 1926, Beacon Adhesives Inc. was established. The production of adhesives and sealants is a part of the company's activity.
- Dymax Corporation (US)
The Dymax Corporation produces sealants and adhesives. For the markets of original equipment manufacturers in medicine, electronics, optics, glass, plastic, metal, masking, and packaging, the company provides UV light-curing industrial adhesives and light-curing solutions. In addition, customers throughout the world can purchase Dymax products.
- Flint Group (Luxembourg)
Flint Group Inc. manufactures and distributes printing inks, plates, image transfer products, and pigments for the printing, converting packaging, and colorant industries. For publication, journalism, packaging, and commercial applications, the company provides coldset and heatset, Web offset, sheetfed offset, flexographic, and gravure inks and coatings.
- H.B. Fuller Company (US)
The H.B. Fuller Company produces and sells specialty chemical products such as coatings, paints, adhesives, and sealants worldwide. North America, Europe, Latin America, the Asia-Pacific region, India, the Middle East, and Africa are among the nations where the company sells its goods.
- Henkel AG & Co. KgaA (Germany)
Chemical goods for industrial, commercial, and consumer use are produced by Henkel AG & Co. KGaA. The business sells roofing materials, reactive polyurethane and laminating adhesives, labeling of PET and glass bottles, corrosion inhibitors, surface treatments, soaps, skincare items, hair dye, perfumes, and detergents, dishwashing soaps, glass cleaners, wallpaper adhesives, and other household goods.
- Masterbond Inc. (US)
Masterbond Inc. produces various products, including resins, coatings, potting and encapsulating compounds, and sealants. In addition, the company offers epoxies, polyurethanes, silicones, acrylics, polyamides, and latex systems. These materials are used in the oil, chemical, aerospace, automotive, electronic, and medical sectors.
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