UV Adhesives Market will generate admirable revenue by 2024
Category: #tech  By Partha Ray  Date: 2019-09-11
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UV Adhesives Market will generate admirable revenue by 2024

Global Market Insights, Inc. presents an extensive report on UV Adhesives Market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.

The expanding manufacturing sector can be officially credited as being a major trigger for UV adhesives market growth, subject to the demand for strong bond strength and rapid curing time in manufacturing procedures. UV adhesives are known to cure in a very short time span and are preferred for their quality of being able to bond dissimilar materials or substrates. Additionally, they offer the advantage of being able to function as a sealant or coating material, driven by which UV adhesives industry has witnessed a commendable growth trajectory since the last half a decade or so.

Request for a sample copy of this report @    https://www.gminsights.com/request-sample/detail/1201

The latest industrial scenario reflects that numerous operations, as on today, require products that have the capability to function in a harsh manufacturing environment. In this respect, modern industrial designs fraught with automation and UV adhesives are extremely compatible, as UV curing lamps are solid state, semiconductor-based devices enabling instant variable irradiance control of UV energy.

This enables customers to heighten quality, reduce costs and speed up their processes. The industrial application of UV adhesives further extends to the manufacturing of wood/plastic coatings, solar panels, bottle processing, wind turbine repair, design prototyping via 3D printing and bottle processing. Undeniably, this has provided a huge spectrum of opportunities that UV adhesives market firms can harness in the years to come.

Another factor that justifies the deployment of UV adhesives in the medical device manufacturing space is that besides being strong and flexible, they can withstand harsh medical sterilization techniques such as autoclaving. Elaborating further, when a medical device is autoclaved, adhesive will have to withstand a high-pressure atmosphere of more than 120 degree Celsius for nearly 30 minutes, with the procedure being repeated several times.

Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/uv-adhesives-market

Quite overtly, UV adhesives seem to be the most competent products that are strong enough to last the entire lifetime of the device. This has potentially widened the scope of these adhesives, leading to medical devices manufacturing emerging as a lucrative avenue for UV adhesives industry.

It is noteworthy to state that Asia Pacific would need a special mention as far as UV adhesives industry is concerned. This is primarily on account of the fact that the region houses a plethora of electronic component manufacturers spread across India, China, and Japan, striving to expand the scope of the regional electronics domain. China specifically, is renowned for the presence of touch panel and mobile phone manufacturers, pertaining to which the UV adhesives market share from China is likely to generate a valuation of $205 million revenue by 2024.

 India on the other hand, boasts of programs such as ‘Make in India’ and ‘Digital India’ that have spurred the growth of the regional electronics sector. As per estimates, India UV adhesives industry size was pegged at $32 million in 2016 and is expected to contribute significantly toward the APAC market share over 2017-2024.

 Speaking of the North American zone, it is prudent to mention that the U.S. accounted for a mammoth 75% of the regional UV adhesives market share in 2016. The massive shareholding can be essentially credited to the supportive regulations and criteria concerning volatile organic compounds. Powered by substantial investments in product innovation and the rapidly evolving medical equipment technology in the region, U.S. UV adhesives industry is likely to amass hefty returns by 2024. 2024.

 

Partial Chapter of the Table of Content:

Chapter 3. UV Adhesives Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1.   Raw material analysis

3.3.2.   Profit margin

3.3.3.   Value addition

3.3.4.   Distribution channel analysis

3.3.5.   Vendor matrix

3.3.5.1.      List of key raw material suppliers

3.3.5.2.      List of key manufacturers/distributors

3.3.5.3.      List of key potential customers

3.4. Innovation & sustainability

3.4.1.   Patent analysis

3.4.2.   Technology trends

3.4.3.   Production process

3.5. Industry impact forces

3.5.1.   Growth drivers

3.5.1.1.      Global

3.5.1.1.1.         Proliferation in electronic industry

3.5.1.2.      Regional

3.5.1.2.1.         Growth in medical industry in North America

3.5.1.2.2.         Automotive & transportation growth in Asia Pacific

3.5.2.   Industry pitfalls & challenges

3.5.2.1.      Availability of alternative product

3.5.2.2.      High manufacturing cost

3.6. Regulatory trends

3.6.1.   U.S.

3.6.2.   Europe

3.6.3.   China

3.7. Growth potential analysis

3.8. Regional price trends

3.9. Cost structure analysis

3.9.1.   R & D cost

3.9.2.   Manufacturing & equipment cost

3.9.3.   Raw material cost

3.9.4.   Distribution cost

3.9.5.   Operating cost

3.9.6.   Miscellaneous cost

3.10.    Competitive landscape, 2017

3.10.1. Company market share analysis, 2017

3.10.1.1.    Brand analysis

3.10.1.2.    Key stakeholders

3.10.1.3.    Strategic dashboard

3.11.    Porter's analysis

3.11.1. Supplier power

3.11.2. Buyer power

3.11.3. Threat of new entrants

3.11.4. Industry rivalry

3.11.5. Threat of substitutes

3.12.    PESTEL analysis

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1201

Technological advancements in UV adhesives market range from a dime to dozen, suitably helping this business space garner extensive remuneration. Say for instance, the UV LED lamp technology that can provide variable wavelength light ranging from 300 to 465 nm has created waves of anticipation in UV adhesives market. Aided by numerous innovative developments and a vastly diverse application landscape, UV adhesives industry size is expected to register a robust CAGR of 12% over 2017-2024.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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