Acrylic Adhesives to Remain Top Choice for UV Cured Adhesives, Accounting for Over 40% of Sales through 2030
Comunicato Precedente
Comunicato Successivo
NEW YORK, Sept. 20, 2021 /PRNewswire/ -- As per Fact.MR analysis, the global ultraviolet (UV) cured adhesives market is poised to register impressive growth through 2030. In response to the rising demand for high-performance bonding solutions across leading industries such as medical, electronics, and automotive, the market is estimated expand at a robust CAGR during the forecast period from 2021 to 2031.
In last few years, UV cured adhesives have gained immense traction in the radio-frequency identification (RFID) inlays sector, due to the increasing inclination towards the use of fast curing adhesives to cope up with the robust assembly lines.
In addition to this, the rising use of UV cured adhesives in various electronics devices such as computer motherboards, smartphones, boards, and others is expected to accelerate the market growth.
Request a report sample to gain comprehensive insights at
https://www.factmr.com/connectus/sample?flag=S&rep_id=1188
The UV cured adhesives market registered growth at a CAGR of 6.7% in the last five years. Sales also plummeted due to the outbreak of the COVID-19. Nonetheless, the increasing applications across medical sector in the manufacturing of medical equipment such as electrocardiograms (ECGs), ventilators, and others is expected to push the sales in the market by 2.1x through 2030.
According to Fact.MR, acrylic resin is forecast to dominate the resin type segment, accounting for nearly 40% of the market share through 2030. The segment owes its dominance to the higher penetration of this product category worldwide and their cost-effectiveness.
"Leading manufacturers are emphasizing on innovation and technological developments to use light-emitting diode (LEDs) instead of UV radiation. This is expected to create growth opportunities for the market," says a Fact.MR analyst.
Key Takeaways from Fact.MR's UV Cured Adhesives Market Study
Key Drivers
Key Restraints
To learn more about UV Cured Adhesives Market, you can get in touch with our Analyst at
https://www.factmr.com/connectus/sample?flag=AE&rep_id=1188
Competitive Landscape
As per Fact.MR, the market for UV cured adhesives highly fragmented with the Henkel, 3M, Denka, and Delo being the only leading players in tier-1. These companies are estimated to account for more than 40% of the overall share in 2031.
Key players in the landscape are adopting organic strategies such as new product launched and product approvals to expand their product portfolio and revenue share. For instance,
Prominent players in the UV cured adhesives industry profiled by Fact.MR are:
More Valuable Insights on UV Cured Adhesives Market
Fact.MR, in its new report, offers an unbiased analysis of the global UV cured adhesives market, analyzing forecast statistics through 2020 and beyond. The survey reveals growth projections on in UV cured adhesives market with detailed segmentation:
By Resin Type
By Application
Key Questions Covered in the UV Cured Adhesives Market Report
Explore Fact.MR's Coverage on the Chemical & Materials Domain –
Adhesives Market- The usage of high-performance adhesives in interior and exterior automotive applications has fueled the expansion of the adhesives market. Adhesives are finding more and more uses in the construction industry, which has aided market growth. The packaging industry's demand has been steadily expanding. Adhesives will be used more in the sector as consumers' preferences for low-cost and flexible packaging solutions shift. The market has seen a significant increase in research and development spending.
Silicone Adhesives Market- The silicone adhesives market will grow in response to increased demand for sealants with excellent chemical and physical qualities in the construction, automotive, electrical, and electronics industries, among others. Silicone adhesives are increasingly being used for structural metal bonding, external interior trim, and glass bonding, which is projected to help the market gain traction in the near future. Silicones also have exceptional adherence to car wrappings and films. Because of their superior conductive qualities, silicone adhesives will continue to gain popularity, particularly in the electronics industry.
Two Component Adhesives Market- Two-component adhesives are well-known for their strong adhesive strength and heat resistance, and they are used in a variety of applications, including automotive and construction. Market companies are capitalizing on the automotive industry's lightweight and strong trend to drive sales of revolutionary two-component adhesives. The two component adhesives market is growing due to increased demand from the construction industry. Two component adhesives have replaced traditional binding and adhering technologies such as mechanical pins, riveting, and welding, resulting in significant growth.
About Fact.MR
Market research and consulting agency with a difference! That's why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & chemical and materials, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we'll be an able research partner.
Contact:
Mahendra Singh
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: [email protected]
Logo: https://mma.prnewswire.com/media/713666/FactMR_Logo.jpg
Ufficio Stampa
PR Newswire (Leggi tutti i comunicati)
209 - 215 Blackfriars Road
LONDON United Kingdom
