UV Adhesives Market to Increase 9.15% CAGR by 2021 Oct 2016 | Page 2

UV Adhesives Market: Global Forecasts to 2021 “The UV adhesives market is expected to grow at a CAGR of 9.15% between 2016 and 2021” The UV adhesives market is expected to reach USD 1,222.5 million by 2021, at a CAGR of 9.15% between 2016 and 2021. The rising use of UV adhesives in the medical, glass bonding, and electronics industry and high growth in emerging countries is expected to fuel the growth of the UV adhesives market. However, the high cost of UV technology as compared to other conventional adhesives may restrain the growth of the market in the coming years. “Silicone is the fastest-growing resin type anticipated to drive the growth of the UV adhesives market” Silicone is the fastest-growing segment of the UV adhesives market, in terms of volume. With the developments in the silicone-based UV adhesives, their demand has increased in the medical and electronics applications, due to excellent chemical structure and inherent properties. © RnRMarketResearch.com ; [email protected]