Key Takeaways from UV Adhesives Market| MarketsandMarkets™

UV adhesives are a special type of adhesives that cure when exposed to ultraviolet (UV) light. They are typically used to bond materials that require a strong, fast, and durable bond. UV adhesives are widely used in industries such as electronics, medical, optics, automotive, aerospace, and more. The most common uses for UV adhesives include bonding and sealing components, adhering labels and decorative items, and creating waterproof seals. UV adhesives are also used for many other applications, such as bonding rubber, plastics, and metal.

Asia-Pacific is the fastest-growing market for UV adhesives, in terms of value and volume. Countries such as China, South Korea, and Taiwan, which are major hubs to produce electronic components are expected to drive the growth of the market in Asia-Pacific. China led the UV adhesives market in Asia-Pacific, having accounted for a share of 53.4% of the market in 2015. The country is projected to be a potential market, owing to growing economy, rapid advances in technology, and increasing manufacturing and end-user industries. India is the fastest-growing market for UV adhesives in Asia-Pacific. The growth of the UV adhesives market in the country is expected to be fueled by research and development by various layers in the country and growing domestic demand for UV adhesives across various application segments.

Silicone is expected to be the fastest-growing segment of the UV adhesives market, by resin type, as silicone-based UV adhesives have low surface tension, high chemical & temperature resistance, and are hydrophobic in nature. The growing demand for silicone-based UV adhesives in applications, such as medical, electronics, and transportation applications is also expected to boost the growth of the UV adhesives market.

The medical segment is projected to be the fastest-growing application segment of UV adhesives. The development of innovative products, advancements in the current applications, and potential emerging uses in the medical sector are the key factors expected to drive the growth of the segment in the coming years.

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