The Business Research Company’s report on the Amusement Parks Global Market Report 2025 Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the uv adhesives market further?
Growing demand for UV adhesives in the electronic industry is expected to propel the growth of the UV adhesives market going forward. The electronic industry refers to a broad and dynamic sector of the global economy that encompasses the design, development, manufacturing, and distribution of electronic components, devices, and systems. UV adhesives offer exceptional precision in joining various electronic components, ensuring reliable and long-lasting performance in a wide range of devices. For instance, in January 2023, according to the annual financial report 2022 published by LG, a South Korea-based consumer electronics company, LG earned its highest annual revenue ever, an increase of 12.9% from 2021, when sales for the first time exceeded $52.70 billion. The revenue for the LG Home Appliance & Air Solution Company in 2022 was $22.5 billion, an increase of 10.3% from the previous year. Therefore, the growing demand for UV adhesives in the electronic industry is driving the growth of the UV adhesives market.
UV Adhesives Market Driver: Automotive Manufacturing Growth Boosts UV Adhesives
The growth in automotive manufacturing is expected to propel the growth of the UV adhesives market going forward. The automotive industry encompasses the design, development, production, and maintenance of motor vehicles, including cars, trucks, motorcycles, and others. The automotive industry uses UV adhesives for their rapid curing properties, enhancing manufacturing efficiency by bonding components and reducing production time while also delivering robust and durable bonds that contribute to vehicle safety and longevity. For instance, in January 2024, according to the European Automobile Manufacturers’ Association (ACEA), a Belgium-based lobbying and standards group for the automobile industry, the EU car market experienced a robust growth of 13.9% in 2023, with sales reaching 867,052 units compared to 2022, culminating in a total annual volume of 10.5 million units. Most markets saw double-digit increases, notably three of the largest: Italy (+18.9%), Spain (+16.7%), and France (+16.1%). In contrast, Germany reported a more modest year-on-year growth of 7.3%. Therefore, the growth in automotive manufacturing is driving the growth of the UV adhesives market.
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What are the key factors influencing the forecasted market size of the uv adhesives industry?
The UV adhesives market size has grown strongly in recent years. It will grow from $2.26 billion in 2024 to $2.45 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to demand from electronics industry, stringent environmental regulations, increased automation, growing importance of green bonding solutions, expanding applications in medical devices.
The UV adhesives market size is expected to see strong growth in the next few years. It will grow to $3.18 billion in 2029 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to emerging applications in renewable energy, increasing focus on electric vehicles, rising demand in packaging industry, shift towards eco-friendly solutions, global economic trends. Major trends in the forecast period include medical industry innovations, continued technology evolution, technology advancements, advancements in curing technologies, growing emphasis on bonding dissimilar materials.
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Who are the leading competitors in the uv adhesives market?
Major companies operating in the uv adhesives market report are BASF SE, Dow Inc., Mitsubishi Chemical Holdings, 3M Company, Henkel AG & Co. KGaA, ITW Performance Polymers, Arkema SA, Sika AG, Avery Dennison Corporation, Huntsman Corporation, H.B. Fuller, Altana AG, Flint Group, Ashland Inc., Toyo Ink Group, Toagosei Co. Ltd., Lord Corporation, ThreeBond Holdings Co. Ltd., Mactac, L&L Products, Dymax Corporation, Chemence Inc., Epoxy Technology Inc., DELO Industrial Adhesives, Panacol-Elosol GmbH, MG Chemicals, Permabond Engineering Adhesives, Beacon Adhesives Inc., Master Bond Inc., Parson Adhesives Inc., Uvexs Inc.
Which emerging trends are set to transform the uv adhesives market landscape?
Major companies operating in the UV adhesives market are increasing their focus on introducing specialized one-step UV cure epoxy adhesives to gain a competitive edge in the market. A specialized one-step UV cure epoxy adhesive is a type of adhesive that combines the benefits of epoxy adhesive properties with UV curing technology in a single step. It cures rapidly when exposed to UV light, creating a strong and durable bond, making it suitable for applications where quick, reliable bonding is essential. For instance, in July 2023, Henkel AG & Co. KGaA, a Germany-based chemical company, launched Loctite Ablestik NCA 01UV, a one-step cure active alignment UV adhesive that can be cured in a single step with just three seconds of UV LED light exposure. This circumvents the need for oven curing, which saves time and energy and reduces CO2 emissions. The adhesive reaches its full performance and final bond strength with seconds of UV LED irradiation during the fixing step. Loctite Ablestik NCA 01UV is designed specifically for the assembly of high-resolution advanced driver assistance systems (ADAS) cameras and lidar modules, making it an ideal solution for the automotive industry.
How do different geographies compare in terms of market share and growth potential in the uv adhesives market?
North America was the largest region in the UV adhesives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the uv adhesives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the uv adhesives market, and how are they evolving?
The UV adhesives market covered in this report is segmented –
1) By Resin Type: Acrylic, Cyanoacrylate, Epoxy, Silicone, Polyurethane, Other Resin Types
2) By Application: Pressure Sensitive Applications, Packaging And Laminating, Wood-Working, Assembly, Other Applications
3) By End-User: Medical, Electronics, Automotive, Furniture And Interior Design, Packaging, Other End Users
Subsegments:
1) By Acrylic: UV Acrylic Adhesives, UV Acrylic-Based Pressure Sensitive Adhesives
2) By Cyanoacrylate: Ethyl Cyanoacrylate, Methyl Cyanoacrylate
3) By Epoxy: UV Cured Epoxy Adhesives, UV Epoxy-Based Structural Adhesives
4) By Silicone: UV Silicone Adhesives, UV Silicone-Based Sealants
5) By Polyurethane: UV Polyurethane Adhesives, UV Polyurethane-Based Sealants
6) By Other Resin Types: UV Benzoin Resin Adhesives, UV Polyester Resin Adhesives
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How is the uv adhesives market defined?
UV adhesives refer to a type of adhesive that cures and hardens when exposed to ultraviolet (UV) light. They offer several advantages over traditional adhesives, including fast curing times, high bond strength, and the ability to form a permanent bond without heating.
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