UV Curable Acrylic Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
Report Description
The global UV Curable Acrylic market size is estimated at USD 475.8 million in 2020, expanding at a CAGR of 8.69% from 2021-2027 to reach 847.65 million USD in 2027.
Market Dynamics
UV curing (ultraviolet curing) is the process of using ultraviolet light to start a photochemical reaction that results in the formation of a crosslinked network of polymers. UV curing can be used in printing, coating, decorating, stereolithography, and the assembly of a wide range of goods and materials. In comparison to other methods, curing with UV radiation is a low-temperature, high-speed, and solventless process since cure happens by direct polymerization rather than evaporation. When exposed to ultraviolet (UV) radiation, UV Curing acrylics, a form of light-curing glue, cure in a relatively short period of time. They provide a practical way to cure a product fast in a range of applications. These acrylics have an advantage over other types of acrylics in that they cure quickly and have great resilience, especially in harsh settings. Furthermore, they are a one-part product with reduced VOC emissions and a nice finishing appearance. Rapid curing can help reduce material usage and production costs. It can be formed of many chemistries such as urethanes, acrylics, silicone, or epoxies.
The primary characteristics of UV curable Acrylic, such as quick curing, ease of application, and high bond strength, as well as significant physical features such as high bond strength, chemical resistance, and many more, provide higher product performance when compared to others. Furthermore, these contribute to reduced Volatile Organic Compounds (VOC) emissions and smooth finishing. Rapid curing can also help to reduce material consumption and manufacturing costs. There is also a growth in demand for UV Acrylic for flexible packaging applications, which is projected to drive the market over the forecast period. The disadvantage of UV curing acrylic is that it can only withstand a limited number of sterilizing cycles. As a result, these Acrylic are currently largely utilized in-dispensable devices that are disinfected only a few times. Another issue is that oxygen inhibition generates a sticky film on the surface, resulting in an inadequate cure.
Regional Insights
The Asia Pacific region accounts for a sizable portion of the UV curable Acrylic market. The UV curable Acrylic market in the Asia Pacific is predicted to develop rapidly over the forecast period. Increased medical, transportation and electronics industries in Asia-Pacific nations such as India, China, and Southeast Asia led to the expanding market for UV-curable Acrylic. For example, the packaging business in these nations is increasing rapidly as a result of the booming food and beverage and retail industries. Consumer durables, such as electronic appliances, have seen significant growth in production and sales in these nations as a result of growing urbanization and changes in people's lifestyles. All of these factors are contributing to the market's growth.
Segment Insights
Acrylic copolymers are well-known as one of the most extensively utilized polymers in the production of UV-curable adhesives. Because it is water-resistant and has a high impact strength, acrylate resin is chosen in UV curing adhesives. The medium-hard thermoplastic acrylic resin adheres well to plastics, wood, metals, and other materials. Acrylic resin, which is widely used in the automobile industry, has outstanding mechanical qualities, chemical resistance, and stability. The market for acrylic-based UV-cured adhesives is predicted to grow during the forecast period due to increased demand for these adhesives in the automotive and industrial industries. The UV Curable acrylics market may be divided into three types: electronic technology, plastic technology, and glass and metal technology. Electronic technology is the most important segment, accounting for almost 70% of the total. By application, the UV acrylic market can be segmented into Glass Adhesive, Electronic & LCD Adhesive, Medical Adhesive, Craft Adhesive, Other Adhesives. Electronic & LCD Adhesive is the most common use, followed by Anti-Glass Adhesive.
Key Players Insights
The UV Curable Acrylic market is highly competitive in nature with the presence of local & international players. Major players in the industry engage in strategic merger & acquisition, partnership, and new product launches to remain competent in the market. For example, in September 2021, Panacol launched a new acrylate adhesive for display bonding. After curing, Vitralit® UD 8540 is highly soft, allowing it to intercept thermal stresses between incompatible substrates.Vitralit® UD 8540 is a UV-curing acrylic adhesive that comes as a single component. It has a dual curing component that responds to ambient moisture. As a result, shadow zones within the display frame can also be successfully cured. Vitralit® UD 8540 has good adhesion to glass and PMMA, making it ideal for bonding glass/glass or glass/PMMA displays. A specifically formulated variant of this glue is available for bonding glass/PC. Both adhesive variants are solvent- and silicon-free.
The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of UV Curable Acrylic by vehicle type, region, and application. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):
- Henkel
- 3M
- Kyoritsu Chemical
- Delo Adhesives
- Cartell Chemical
- Dymax Corporation
- Permabond
- Optics SUNRISE
- Ransheng
- B. Fuller
- Panacol-Elosol GmbH
- MasterBond
- Jing Shun
- Ichemco
Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Electronic technology
- Plastic technology
- Glass and metal technology
Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Glass Adhesive
- Electronic & LCD Adhesive
- Medical Adhesive
- Craft Adhesive
- Other Adhesives
Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain, etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina, etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)
Table Of Content
TABLE OF CONTENT
1. UV Curable Acrylic Market Overview
1.1. Product Overview and Scope of UV Curable Acrylic
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global UV Curable Acrylic Market Size Growth Rate Analysis by Type 2020 VS 2027
1.3.1. Electronic technology
1.3.2. Plastic technology
1.3.3. Glass and metal technology
1.3.4. Others
1.4. Global UV Curable Acrylic Consumption Comparison by Application: 2020 VS 2027
1.4.1. Glass Adhesive
1.4.2. Electronic & LCD Adhesive
1.4.3. Medical Adhesive
1.4.4. Craft Adhesive
1.4.5. Other Adhesives
1.5. Global UV Curable Acrylic Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.5.1. North America UV Curable Acrylic Estimates
1.5.2. Europe UV Curable Acrylic Estimates
1.5.3. China UV Curable Acrylic Estimates
1.5.4. Japan UV Curable Acrylic Estimates
2. Market Competition by Manufacturers
2.1. Global UV Curable Acrylic Revenue Market Share by Manufacturers (2020)
2.2. UV Curable Acrylic Market Share by Company Product Type (Tier 1, Tier 2 and Tier 3)
2.3. Global UV Curable Acrylic Average Price by Manufacturers (2016-2021)
2.4. Manufacturers UV Curable Acrylic Production Sites, Area Served, Product Types
2.5. UV Curable Acrylic Market Competitive Situation and Trends
2.5.1. UV Curable Acrylic Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global UV Curable Acrylic Consumption by Region (2016-2021)
3.1. Global UV Curable Acrylic Consumption by Region
3.2. Global UV Curable Acrylic Consumption Market Share by Region
3.2.1. North America
3.2.2. North America UV Curable Acrylic Consumption Growth Rate (2016-2021)
3.2.3. North America UV Curable Acrylic Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America UV Curable Acrylic Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe UV Curable Acrylic Consumption Growth Rate (2016-2021)
3.2.7. Europe UV Curable Acrylic Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe UV Curable Acrylic Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific UV Curable Acrylic Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific UV Curable Acrylic Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific UV Curable Acrylic Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America UV Curable Acrylic Consumption Growth Rate (2016-2021)
3.2.15. South America UV Curable Acrylic Consumption, Price and Gross Margin (2016-2021)
3.2.16. South America UV Curable Acrylic Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa UV Curable Acrylic Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa UV Curable Acrylic Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa UV Curable Acrylic Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global UV Curable Acrylic Consumption by Type (2016-2021)
4.1. Global UV Curable Acrylic Price by Type (2016-2021)
4.2. Global UV Curable Acrylic Revenue Market Share by Type (2016-2021)
4.2.1. Electronic technology
4.2.2. Plastic technology
4.2.3. Glass and metal technology
4.2.4. Others
5. Global UV Curable Acrylic Consumption by Application (2016-2021)
5.1. Global UV Curable Acrylic Price by Application (2016-2021)
5.2. Global UV Curable Acrylic Revenue Market Share by Application (2016-2021)
5.2.1. Glass Adhesive
5.2.2. Electronic & LCD Adhesive
5.2.3. Medical Adhesive
5.2.4. Craft Adhesive
5.2.5. Other Adhesives
6. Key Companies Profiled
6.1. Henkel
6.1.1. Henkel UV Curable Acrylic Corporation Information
6.1.2. Henkel UV Curable Acrylic Product Portfolio
6.1.3. Henkel UV Curable Acrylic Consumption, Price and Gross Margin (2016-2021)
6.1.4. Henkel Main Business and Markets Served
6.1.5. Henkel Recent Developments/Updates
6.2. 3M
6.3. Kyoritsu Chemical
6.4. Delo Adhesives
6.5. Cartell Chemical
6.6. Dymax Corporation
6.7. Permabond
6.8. Optics SUNRISE
6.9. Ransheng
6.10. H. B. Fuller
6.11. Panacol-Elosol GmbH
6.12. MasterBond
6.13. Jing Shun
6.14. Ichemco
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. UV Curable Acrylic Distributors List
7.3. UV Curable Acrylic Customers
8. Market Dynamics
8.1. UV Curable Acrylic Industry Trends
8.2. UV Curable Acrylic Growth Drivers
8.3. UV Curable Acrylic Market Challenges
8.4. UV Curable Acrylic Market Restraints
9. Global UV Curable Acrylic Consumption and Demand Forecast, by Region (2022-2027)
9.1. Global Forecasted Demand Analysis of UV Curable Acrylic, by Regions and Country
9.1.1. North America Forecasted Consumption of UV Curable Acrylic by Country
9.1.2. Europe Market Forecasted Consumption of UV Curable Acrylic by Country
9.1.3. Asia Pacific Market Forecasted Consumption of UV Curable Acrylic by Region
9.1.4. Latin America Forecasted Consumption of UV Curable Acrylic by Country
9.1.5. Middle East and Africa Forecasted Consumption of UV Curable Acrylic by Country
10. Global UV Curable Acrylic Consumption and Demand Forecast, by Type Segments (2022-2027)
10.1. Global Forecasted Consumption of UV Curable Acrylic by Type Segments (2022-2027)
10.2. Global Consumption and Price Forecast by Type Segments (2022-2027)
10.3. Global Forecasted Growth Rate of UV Curable Acrylic by Type Segments (2022-2027)
11. Global UV Curable Acrylic Consumption and Demand Forecast, by Application Segments (2022-2027)
11.1. Global Forecasted Consumption of UV Curable Acrylic by Application Segments (2022-2027)
11.2. Global Consumption and Price Forecast by Application Segments (2022-2027)
11.3. Global Forecasted Growth Rate of UV Curable Acrylic by Application Segments (2022-2027)
12. Research Finding and Conclusion
13. Methodology and Data Source
13.1. Methodology/Research Approach
13.1.1. Research Programs/Design
13.1.2. Market Size Estimation
13.1.3. Market Breakdown and Data Triangulation
13.2. Data Source
13.2.1. Secondary Sources
13.2.2. Primary Sources
13.3. Author List
13.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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