Market Size of UV-Curable Adhesives Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.79 Billion |
| Market Size (2029) | USD 6.25 Billion |
| CAGR (2024 - 2029) | 5.46 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UV-Curable Adhesives Market Analysis
The UV-Curable Adhesives Market size is estimated at USD 4.79 billion in 2024, and is expected to reach USD 6.25 billion by 2029, growing at a CAGR of 5.46% during the forecast period (2024-2029).
Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, thereby restoring the growth trajectory of the market
- The major factors driving the market studied are the rising demand for UV adhesives in flexible packaging applications and increasing demand due to favorable environmental regulations.
- On the flip side, the high cost of producing UV-curable adhesives and the availability of alternative adhesives are expected to hinder the market's growth.
- An increase in demand from the medical industry and research and development in novel processes offering environmental and social benefits are expected to act as opportunities for the market studied.
- Asia-Pacific dominated the market worldwide, with the largest consumption from countries like China, Japan, and India.
