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06-132024

Global UV-Curable Adhesives Market Report 2024: Rising Demand in Electronics and Packaging Drives UV-Curable Adhesives Market to $605.4 Million by 2032

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Global UV-Curable Adhesives Market Report 2024: Rising Demand in Electronics and Packaging Drives UV-Curable Adhesives Market to $605.4 Million by 2032

The global UV-curable adhesives market size reached US$ 352.2 Million in 2023 and is projected to reach US$ 605.4 Million by 2032, exhibiting a growth rate (CAGR) of 6.20% during 2023-2032.

The market is majorly driven by the escalating product demand in numerous end-use industries for the production of ceramic, rubber, metal, electronics, pharmaceuticals and plastic substrates. In addition to this, the growing need for better production rates resulting in the rapid utilization of assembly lines in the electronics industry is fueling the market.

Also, the rising demand for UV adhesives for flexible packaging applications requiring weather resistance is providing an impetus to the market. This can be attributed to the rapid utilization of these adhesives in laminating films, papers, and foils for product packaging purposes.

Apart from this, the widespread utilization of environment-friendly industrial coatings and the escalating demand for UV-curable inks in packaging applications are fueling the market. Moreover, the increasing use of UV-curable resins in 3D printing, barrier films, and printed circuits is impacting the market positively. Some of the other factors contributing to the market include rapid urbanization and industrialization, considerable growth in the e-commerce industry, and extensive research and development (R&D) activities.

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