UV Adhesives Market Size

UV Adhesives Market size was valued at USD 874.4 Million in 2023 and is anticipated to cross USD 2.77 Billion by the end of 2036, registering more than 9.3% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of UV adhesives is estimated at USD 947.59 Million. The growth of the market can be attributed to growing market for consumer electronics owing to rise in spending on technologies by consumer. About 500 billion US dollars, or approximately 3 percent more than last year, is expected to be spent by consumers on both established and new technologies in 2023 globally.  When exposed to intense UV light, UV adhesives cure instantly and are frequently used as adhesives in electronics manufacturing. Hence, with growth in electronics market, the demand for UV adhesives is also estimated to increase.

Moreover, the demand for eco-friendly adhesives is also growing. Liquid adhesives residues could end up contaminating the soil and eventually the groundwater if they are not properly disposed of using a hazardous waste collection system. This poses grate health dangers to anyone who comes into touch with it as well as the potential loss of wildlife and plant life. Moreover, potential water contamination might result from UV adhesives. Hence, large number of manufacturers are performing research and planning to launch their eco-friendly adhesives in the UV adhesives market. A study on the eco-efficiency of adhesives labels for long-lasting items was conducted by BASF in 2018: It was discovered that acResin-based adhesives are both more affordable and environmentally friendly than solvent-based adhesives. It was estimated that 100% UV-curable acrylic hotmelt that is low in odor, has high skin compatibility, and has very little volatile organic compounds (VOC).