Radiation Cured Adhesives Market Technological breakthroughs, Value chain and stakeholder analysis by 2019
Radiation cured adhesives are manufactured by the process of radiation curing that uses UV light or electrons to induce polymerization. This process of curing requires less time as compared to heat cured adhesives and thus reduces the overall production cost. Radiation cure adhesives offer high transparency, adhesion and flexibility in designing products. Major applications of radiation cured adhesives include dental fillings, laminating adhesives, pressure sensitive decals & labels, potting, construction, interiors, wood & furniture among others. The radiation curing process does not use solvents in the curing process that makes it an environment compliant technology. Various advantages of this technology are low energy consumption, instant curing, reduction in waste, higher productivity and no release of volatile organic compounds. Due to rising environmental issues, the companies in adhesives market are focusing on providing sustainable solutions that include radiation cured adhesives.
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Rising demand from building & construction industry is expected to drive the radiation cured adhesives market. Growing population and increasing construction activities in developing countries is driving the building & construction industry. In addition, growing investments to improve existing infrastructure and to develop new infrastructure is driving the building & construction industry. Further, stringent environmental regulations encouraging the use of environment-friendly technologies are expected to fuel the market growth. Improving existing infrastructure facilities coupled with government regulations that compel to build energy efficient infrastructure in developed countries is further boosting the market growth. Radiation curing process does not include any solvents and releases no volatile organic compounds that make it an environment-friendly product.
Development of bio-based material and new applications areas such as medical components assembly is expected to provide immense opportunities for the players in radiation cured adhesives market in the near future. Bio based materials include naturally occurring polymers and processing of biological material to manufacture end product. Medical packaging, DVD lamination and food packaging are some of the upcoming applications.
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