UV Adhesives Market Segmentation:
End-user Segment Analysis
The global UV adhesive market is segmented and analyzed for demand and supply by end-user into medical, electronics, automotive, cosmetics, and industrial assembly. Out of which, the medical segment is anticipated to garner the highest revenue by the end of 2035. The growth of the segment can be attributed to growing manufacturing of medical devices. Medical devices usually include hearing aids, dialysis machines, medication patches, hydrogels, and more. Owing to the growing need for treatment the demand for these devices is estimated to increase. For instance, according to the World Health Organization, over 5% of the global population, or 430 million people, require rehabilitation to address their debilitating hearing loss (432 million adults and 34 million children). Over 700 million people, or one in ten people, are predicted to have a hearing loss that makes them unable to function by the year 2050. Hence, with the growing demand for hearing aids the UV adhesive market is estimated to boost. Moreover, manufacturers are attempting to overcome a number of difficulties related to medical devices. A few of these difficulties are health compatibility and the need for permanent connecting and high-precision manufacturing in the materials utilized for bonding. Medical items are also required to endure various sterilizing techniques, enhancing the need for robust bonding. Hence, the demand for UV adhesive is estimated to increase.
Product Segment Analysis
The global UV adhesives market is also segmented and analyzed for demand and supply by product into silicon, acrylic, polyurethane, and epoxy. Amongst which, the acrylic segment is anticipated to have a significant growth over the forecast period. Many portions of modern industry depend on acrylic adhesives since they offer strong connections that are a good substitute for rivets or various more mechanical joining methods. Acrylics could be joined together with acrylic adhesives, which are helpful for a variety of surfaces. Acrylic adhesives could either be made of thermoplastics, which could be moulded above a particular temperature, or thermosetting polymers, which can only be made once they have "cured" and cannot be remoulded. Acrylic adhesives have a long history of use owing of their powerful structural adhesive qualities. They could be particularly useful as a low-cost structural adhesives in a variety of projects.
Our in-depth analysis of the global UV adhesives market includes the following segments:
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By End-User |
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