Light Curable Adhesives Market

The report "Light Curable Adhesives Market by Resin Type (Silicone, Polyurethane, Acrylic, Epoxy, Others), Substrate(Rubber, Plastic, Metal, Others), Application(Medical, Electronics, Glass Bonding, Industrial Assembly, Others) & Region - Global Forecast to 2029", size is projected to reach USD 2.7 billion by 2029, at a CAGR of 9.3% from USD 1.3 billion in 2024 during the forecast period. There are several key factors driving the growth of the light curable adhesives market. The most important among them is the growing demand from end-use industries such as electronics, medical devices, automotive, and packaging. In the electronics industry, the need for fast-curing, high-precision adhesives to bond miniaturized components is growing with the miniaturization of devices. In the case of medical devices, the light curable adhesives are used for precise bonding and sterilization compatibility, which are driving market growth. Second, technology advancements in UV and LED curing systems have greatly increased the productivity and flexibility of light curing adhesives. As curing times can be considerably faster, less energy consuming, and capable of bonding numerous substrates together, they open up further applications that will increase the demand even more. On the whole, the pressure on adopting sustainable operations and following environmental regulations has increased demand for VOC and environmentally friendly adhesive alternatives. Such environmental standards make light curable adhesives perfectly placed as a greener alternative to be used by various industries. In addition, the cost-efficiency of light curable adhesives because of faster curing times and lower production energy requirements has made this an attractive proposition for process optimization for the manufacturers. Last but not the least, the emerging market expansion and the use of lightweight materials in automobile and consumer electronics are factors contributing to this market growth.

Browse 335 market data Tables and 54 Figures spread through 274 pages and in-depth TOC on "Light Curable Adhesives Market by Resin Type (Silicone, Polyurethane, Acrylic, Epoxy, Others), Substrate(Rubber, Plastic, Metal, Others), Application(Medical, Electronics, Glass Bonding, Industrial Assembly, Others) & Region - Global Forecast to 2029"
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“Epoxy is the second largest segment by resin type for the Light curable adhesives market”

The market of light curable adhesives is likely to have epoxy resins as the second biggest resin type, based on their excellent bonding strength, chemical resistance, and wide versatility in application areas. Although acrylic resins are ruling the market due to fast curing properties and adaptability to several applications, epoxy resins are widely used for high-performance applications where the strength and durability against any conditions are required. In electronics, automotive, and aerospace, epoxy-based light curable adhesives are used, as they exhibit excellent adhesion to metals, ceramics, and composite materials. Epoxy adhesives also have better structural integrity and can resist high temperatures and chemical exposure, thus making them suitable for more demanding environments. With these, epoxy formulations' advancement enables faster curing with strong ability to bond on complex geometries, giving epoxy good applications in precise applications involving electronics, medical devices, and industrial assembly. In spite of curing longer compared to acrylic resins, the strong mechanical properties coupled with resistance to environment-related effects make epoxy a widely desired resin in service fields requiring performance and reliability. Besides this, the trend of moving toward more sustainable and long-lasting materials, especially in the automotive and aerospace sectors, is likely to augment the demand for epoxy-based light curable adhesives.

“Metal by substrate is the second largest substrate segment for the Light curable adhesives market”

The metal substrate market will probably be the second largest and more challenging for the light curable adhesives market. Bonding metals is crucial for different industries, such as electronics, automotive, aerospace, and industrial manufacturing, that rely on precision and durability. Light curable adhesives are highly effective at bonding metals because they give very strong, reliable bonds which can withstand mechanical stress, vibrations, and exposure to hostile environments. This makes them ideal for applications such as automotive parts, electronics enclosures, and components used in industrial equipment. In the automobile industry, light curable adhesives for metal substrates are used more for applications such as assembly, sealing, and encapsulation, especially with the growth of electric vehicles, for which lightweight and durable materials will be required. In the electronics industry, adhesives are used for bonding metals such as connectors and heat sinks to ensure strong electrical conductivity and mechanical strength. Although plastics are the largest light curable adhesives market in terms of volume due to widespread usage, metals remain a crucial part of the market because of their superior performance and longevity and due to bonding difficulties. Light curable adhesives offer a faster and stronger solution for bonding metals. As the demand for higher-performance materials is ever-increasing among industries, the light curable adhesives market for metal substrates will increase.

“Medical is the second largest application for Light curable adhesives market in 2023”

The medical application is likely to be the second largest segment for the light curable adhesives market. Light curable adhesives are increasingly used in the medical industry due to their ability to meet stringent requirements for precision, biocompatibility, and sterilization. These adhesives are essential for bonding components in medical devices such as catheters, syringes, diagnostic equipment, and surgical tools. Their fast curing times and strong, reliable bond on materials such as plastics, metals, and glass make them ideal for this sector, which demands many of its applications. Finally, with the increased prevalence of minimally invasive surgeries and point-of-care diagnostics there has been a need to produce more small, complex and durable medical devices, in which case light curable adhesives have increasingly found demand. Additionally, light curable adhesives adhere to medical regulations, including ISO 10993 for biocompatibility and sterilization; they should not have negative reactions on body tissues or fluids. Increasingly, health care will remain in homes, thus medical products with home health care devices and medical diagnostics products will need a larger portion of the specially manufactured light curable adhesives. The medical industry is focusing on precision, reliability, and cost-effectiveness, which makes it a major growth driver for the light curable adhesives market, thus becoming the second-largest application segment.

Key players

The Light curable adhesives Market report comprises key service providers such as 3M (US), H.B. Fuller Company (US), Henkel AG & CO. KGAA (Germany), Dymax (US), Permabond Engineering Adhesives (US), Dow (US), EPOXY TECHNOLOGY, INC (US), Loxeal S.r.l (Italy), Delo Industrial Adhesives (Germany), Ashland (US)

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