Acrylic UV Adhesives market structural report, price trends & forecast 2017
UV Adhesives Market size expects significant gains owing to strong application outlook in construction, transportation and packaging industry.
Acrylic UV Adhesives market size should witness steady gains as it is widely used as liquid form in carpentry and decoration work whereas in tape form it is used in clothing or fabrics. Additionally, they are used for high load transmission to replace mechanical joining methods.
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Silicone UV adhesives market may witness significant gains over the foreseeable period. It offers flexibility and high heat resistance making them suitable for wide range of application in automotive, electrical, construction, and aerospace industries. It has excellent electrical properties and are used for sealing engines and gaskets for transportation industry.
APAC, led by South Korea, India, Japan, and China UV adhesives market expects highest gains owing to increasing application scope in medical, electronics, and glass bonding industry. China and Taiwan are major hubs for electronic components production.
Global electronics market size may exceed USD 2.5 trillion by 2024. Asia Pacific electronics industry witness significant growth rate at 7% in 2015. UV adhesives for electronic industry are ideally suitable for assembly and circuit protection.
The products are electrically insulating and are designed for various operations including encapsulation, conformal coating, bonding, keypad coatings, masking, and optical display bonding & lamination. These electronic devices are UL and MIL-I-46058C listed and IPC approved.
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Stringent regulations against VoC emission may put pressure on application industry and challenge industry participants to use and develop environmental friendly chemicals
Global UV adhesives market share is consolidated with key players operating are 3M Company, Henkel, BASF, Huntsman Corporation, and Dow Chemical. Other prominent companies include Bostik SA, H.B. Fuller Company, Ashland, and Avery Dennison Corporation.
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