The report "UV Adhesives Market by Resin Type (Acrylic, Cyanoacrylate, Epoxy, Silicone, Polyurethane), Application (Medical, Electronics, Glass Bonding, Packaging, Transportation, Industrial Assembly) and Region - Global Forecast to 2021", The UV adhesives market is projected to reach USD 1,222.5 Million by 2021, at a CAGR of 9.15% between 2016 and 2021. The growth of the UV adhesives market is expected to be fueled by the rising demand from end-use industries due to rapid industrialization and expansion of installed capacities.
Medical is expected to be the fastest-growing segment of the UV adhesives market, in terms of value. The rising demand for adhesives in the medical application segment is fueled by the growth in the medical and surgical devices market to meet the growing demand. Research and development for adhesives, specifically for use in the medical application has led to the introduction of products with enhanced functionality, higher purity, and unique properties.
Key players operational in the UV adhesives market are Henkel AG & Co. KGaA (Germany), H.B. Fuller (U.S.), Ashland Inc. (U.S.), Dymax Corporation (U.S.), The 3M Company (U.S.), and Permabond Engineering Adhesives (U.K.).
