Market Synopsis of UV Adhesives Market
The Global UV Adhesives Market has witnessed a remarkable growth over the past decade due to its increasing demand from the application segment such as glass bonding, electronics, packaging & laminating, medical & pharmaceuticals and industrial application. It has been projected that the Global UV Adhesives Market will cross USD 1.5 billion by 2022 growing at a CAGR of approximately 9.5%. The rising demand of UV Adhesives in packaging & laminating industry and other applications are driving this industry. Geographically, North America is anticipated to be the leading market followed by APAC and Europe. APAC is considered as the fastest growing region where the market would be having ample of opportunities due to existing emerging economies such as China, India, Japan and Indonesia.
The Global UV Adhesives Market has projected an outstanding growth over the historic years and it has been predicted that the global market will keep on rising during the forecast period. The UV Adhesives market is mainly driven by the growing demand from its application segment such as from glass bonding, electronics, packaging & laminating, medical & pharmaceuticals and industrial application. The UV Adhesives market is mainly driven by the demand from packaging & laminating segment, as this segment holds the strong position in the UV Adhesives market. According to MRFR analysis, the rising preference of smaller and thinner electronics gadgets is one of the major growth drivers. The other major factors behind the growth of UV Adhesives market are changing consumer preference and life style, increasing electronics demand, advanced technologies emerging economies and other several factors.
Key Players for UV Adhesives Market:
Some of the key players in this market are Henkel AG, BASF SE, 3M Company, Ashland, H.B. Fuller, Permabond Engineering Adhesives, Epoxy Technology, Dow Chemical, Bostik, Huntsman Corporation and others.
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“North America is projected to be the largest market during the forecast period”
Geographically, North America is expected to be the largest market for UV adhesive by covering around 34% of the total market size. Followed by this APAC is expected to be the second ruling region and Europe would be on third position.
Scope of the Study:
The scope of the study categorizes the UV adhesive market as product type and application.
By Product type
- Glass Bonding
- Personal Care
- Packaging & Laminating
- Medical & Pharmaceuticals
- Industrial Application
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Key Points from Table of Content:
10. Company Profiles
10.1 Henkel AG
10.1.3 Product Portfolio
10.1.4 Business Strategies
10.1.5 Recent Development
10.2 BASF SE
10.2.3 Product Portfolio
10.2.4 Business Strategies
10.2.5 Recent Development
10.3 3M Company
10.3.3 Product Portfolio
10.3.4 Business Strategies
10.3.5 Recent Development
10.4.3 Product Portfolio
10.4.4 Business Strategies
10.4.5 Recent Development
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