Energy Curing Adhesives Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
Energy curing adhesives are primarily used in the printing industry, which help rapid curing when exposed to a radiation of appropriate wavelength and intensity. Energy curing adhesives are solvent free and non-flammable in nature. The solvent-free property of energy curing adhesives make them ideal for printing applications. They are excellent for bonding glass to glass or glass to metal. They form strong bonds for load bearing joints such as those found in glass furniture and display cases. The energy curing adhesives use UV energy, visible light, or electron beam in order to form beads, coatings, films, patterns, bonds or shapes. Energy curing adhesives can be utilized for interior and outdoor coatings, flexible to very hard coatings, haptic surfaces, and automotive and electronics & industrial applications. They are particularly suitable for the production of glassware, glass furniture, acrylic glass, as well as for products in optical and medical industries. The unique feature of energy curing adhesives is that they contain photo initiator molecules, which get activated while absorbing the energy emitted by the radiations such as UV or visible light.
A major driver for the global energy curing adhesives market is the advancements in the printing industry. The emergence of new services and products in the printing industry is anticipated to propel the global energy curing adhesives market. Advancements in 3D printing, intelligent labels, and flexographic printing are expected to offer attractive growth potential for the energy curing adhesives market. Printing applications in the semiconductor industry is acting as a key driver for the energy curing adhesives market. Rising demand for energy curing adhesives in packaging and publication printing is also fuelling the global energy curing adhesives market.
Based on type of radiation used, the global energy curing adhesives market can be segmented into UV radiation, visible light, and electron beam. Among the various types, UV-based energy curing adhesives are commonly employed. In terms of application, the global energy curing adhesives market can be classified into adhesion on to various substrates such as wood, metal, and glass; cosmetic, packaging, medical, automotive, electronics, and industrial. Based on the material used, the global energy curing adhesives market can be segregated into epoxy, acrylic, silicone, and cyanoacrylate
The global energy curing adhesives market expanded at a significant pace in 2016, and it is anticipated to continue the trend during the forecast period. In terms of geography, the energy curing adhesives market can be segmented into Asia Pacific, North America, Europe, Middle East & Africa, and Latin America. Increasing demand for energy curing adhesives in emerging economies such as China and India, are expected to drive the expansion of energy curing adhesives market due to the significant growth opportunities offered for the printing market. Expansion of healthcare and food & beverages industries is likely to drive the demand for packaging printing; and hence, energy curing adhesives in the region. In North America, the energy curing adhesives market is anticipated to expand at a considerable growth rate during the forecast period. Rising demand for 3D printing in the U.S is expected to propel the energy curing adhesives market in the region. Attractive automotive industry in Europe is expected to augment the expansion of the energy curing adhesives market, as these adhesives are used for printing applications in automobiles. In Middle East & Africa, growth opportunities for energy curing adhesives are ascribed to the recent expansion of textile and automotive industries in the region. In Latin America, the attractive packaging industry in the food & beverage sector is anticipated to fuel the energy curing adhesives market
High degree of competition exists in the global energy curing adhesives market. Key players operating in the market include DELO, Simco-Groups, and Phoseon Technology
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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