UV Adhesives Market Reviewed for 2019 with Industry Outlook to 2024

Global Market Insights, Inc. present the report on global UV Adhesives Market evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research.

Global Market Insights, Inc. presents an extensive report on UV Adhesives Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.

Aging population along with extended life expectancy will create the sustainable demand of medical devices worldwide. The use of UV adhesives market in medical devices and equipment will boost the demand of the product as it is recognized low emission volatile organic compound. U.S is one of the leading producer & consumer of medical devices and regarded globally for their innovation and high-tech products. Major states for medical devices companies in U.S. region include New York, Florida, California, Michigan, Illinois, Michigan, Minnesota, Pennsylvania, Georgia and Massachusetts.

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According to a new research report, UV Adhesive Market will surpass USD 1.5 billion by 2024. The major restraining factor of UV adhesives market is the high production cost owing to use of UV technology, hence increasing the UV glue prices. The availability of various other electron beam and visible light cure adhesives will hamper the demand of the product in coming seven years

According to product, UV adhesives market is fragmented into acrylic, epoxy, silicon, and polyurethanes. The other niche product include cyanoacrylate, polyester, polysulfide etc. Among all, acrylic acquired above 40% of the overall product market share and is likely to grow at an annual rate of nearly 10%.

The UV adhesives market is segmented based on end-user such as transportation, medical, industrial assembly, electronics and others including construction activities, wood working, packaging, etc. Electronic is likely to have a large market share & is expected to grow with CAGR of nearly 12% in forecast period due to enhancing technology to manufacture insulated electronics components. Based on value, the transportation segment will generate around USD 170 million till 2024. This is due to demand of light weighted and high-tech automobiles as the use of UV glue will replace nuts and screws used in assembling automobile parts.

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In 2016, U.S. shared over three-fourth of the overall North America market and is probable to increase at significant rate in upcoming years. Increase growth rate in medical and electronic industry promotes UV cured adhesives in the industry. South Korea and India will be the emerging market in Asia Pacific region and both countries will exhibit the gain of more than 13% in upcoming years.

Partial Chapter of the Table of Content:
Chapter 3. UV Adhesives Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Profit margin
3.3.3. Value addition
3.3.4. Distribution channel analysis
3.3.5. Vendor matrix
3.3.5.1. List of key raw material suppliers
3.3.5.2. List of key manufacturers/distributors
3.3.5.3. List of key potential customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology trends
3.4.3. Production process
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Global
3.5.1.1.1. Proliferation in electronic industry
3.5.1.2. Regional
3.5.1.2.1. Growth in medical industry in North America
3.5.1.2.2. Automotive & transportation growth in Asia Pacific
3.5.2. Industry pitfalls & challenges
3.5.2.1. Availability of alternative product
3.5.2.2. High manufacturing cost
3.6. Regulatory trends
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Regional price trends
3.9. Cost structure analysis
3.9.1. R & D cost
3.9.2. Manufacturing & equipment cost
3.9.3. Raw material cost
3.9.4. Distribution cost
3.9.5. Operating cost
3.9.6. Miscellaneous cost
3.10. Competitive landscape, 2017
3.10.1. Company market share analysis, 2017
3.10.1.1. Brand analysis
3.10.1.2. Key stakeholders
3.10.1.3. Strategic dashboard
3.11. Porter's analysis
3.11.1. Supplier power
3.11.2. Buyer power
3.11.3. Threat of new entrants
3.11.4. Industry rivalry
3.11.5. Threat of substitutes
3.12. PESTEL analysis

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The key players product includes BASF, H. B Fuller, Henkel, 3M company, The Dow Chemical Company, Permabond, DELO, Sika, Dymax Corporation, and Ashland.

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Organization: Global Market Insights, Inc.
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Website: https://www.gminsights.com/industry-analysis/uv-adhesives-market

Release ID: 88928669