UV ADHESIVES MARKET ANALYSIS

Market Challenges And Opportunities

Drivers

 Growing demand for UV adhesives

Growing demand for UV adhesives due to its fast curing rates, high bond strength, and low VOC emissions is driving the market growth. Increasing environmental concerns coupled with growing strict norms regarding VOC emissions are expected to foster the market growth. For instance, Europe has issued EMICODE and M1 labels for showing low VOC emissions from adhesives. Thus, growing environmental rules and regulations is expected to propel the market growth of UV adhesives.

The growing popularity of smaller, thinner, and compact electronic devices is propelling the market growth of UV adhesives. Penetration of electronic devices such as tablets, laptops, mobile phones, and television has further augmented the demand for UV adhesives. UV adhesives are rapidly gaining demand as a substitute for conventional screws, clamps, and hinges in the miniaturization of electronic devices. Hence, the growing demand for miniaturization of electronic devices is accelerating the market growth of UV adhesives. 

Market Restraints

Easy availability of low cost and effective alternative adhesives

The easy availability of low cost and effective alternative adhesives is expected to restrict market growth. There are many low-cost alternatives available in the market that can be used in place of UV adhesives. This factor is hindering the market growth.

Lack of awareness regarding UV adhesives across developing regions as it is new in the market and still in a nascent phase is acting as a major factor affecting the demand.