Construction Projects in Emerging Markets Projected to Help Drive Demand of UV Adhesives
The construction industry is projected to offer lucrative opportunities for the UV adhesives market in the near future.
In terms of value, the global ultraviolet (UV) adhesives market is anticipated to expand at a CAGR of around 8% from 2020-2030 and reach approximately $900 million by 2030, according to a report from Transparency Market Research. Asia-Pacific dominated the global UV adhesives market in terms of volume in 2019 and is estimated to be the leading region for the market during the forecast period.
The transportation segment constituted a significant share of more than 25% of the global UV adhesives market in 2019, while the building and construction segment is projected to expand at a rapid pace. In fact, the construction industry is projected to offer lucrative opportunities for the UV adhesives market in the near future.