The market for UV-cured acrylic adhesive tapes will be worth $580 million globally in 2023. Additionally, it is anticipated that by the end of 2033, the market for UV-cured acrylic adhesive tapes will be worth US$1.04 billion, growing at a notable CAGR of 6% during that time. The common application of colourless acrylic to an adhesive tape’s surface further endows it with special qualities and aids in getting around the fundamental drawbacks of rubber-based adhesive tapes. In essence, adhesive tapes are strips of a backing material that can be strengthened with a variety of adhesives. UV (ultraviolet) rays are used in these tapes to dry or cure the acrylic adhesive tapes. There are several popular varieties of acrylic adhesive tapes on the market, including foamed tapes, universal tapes, flame-resistant tapes, thermally conductive tapes, and non-formed tapes.
These adhesive tapes are typically made with an acrylic polymer base that is coated on the material used as the backing. These adhesives can be used on one or both sides to permanently or temporarily join two materials that overlap one another. Non-foamed and foamed tapes are the two categories of products. The rising demand for various non-foamed tapes is expected to propel the market at a noticeable rate. The demand for adhesive tapes will also be supported by notable expansion in related application sectors like the automotive, building & construction, and others. On the other hand, expensive equipment used in the sector can limit market expansion opportunities.
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Key Takeaways from Market Study
- Sales of UV-cured acrylic adhesive tapes are projected to reach US$ 1.04 billion by 2033-end.
- The Japan market is likely to expand at a CAGR of 5.7% through 2033.
- The valuation of the UV-cured adhesives industry is US$ 580 million in 2023.
- The UV-cured acrylic adhesive tapes market is likely to progress at a CAGR of 6% through 2033.
- Demand for adhesive tapes in Germany is predicted to increase at a moderate CAGR of 4.9% through 2033.
Winning Strategy
The acceptance of UV-cured acrylic adhesive tapes by people all over the world for use in metal bonding and other applications is likely to create growth opportunities in the global market. Additionally, the growing use of UV-cured acrylic adhesive tapes in the construction of lighter cars is anticipated to fuel market expansion.
Key Companies Profiled
- 3M Company
- Toyochem Co., Ltd.
- Avery Dennison Corporation
- Tesa SE
- Denka Co., Ltd.
- Scapa Group PLC
- Eurobond Adhesives Ltd.
- Nitto Denko Corporation
The following are some potential key questions that may be covered in a market study of the UV-cured acrylic adhesive tapes market:
- What are UV-cured acrylic adhesive tapes, and what are their different types and forms?
- What are the major applications of UV-cured acrylic adhesive tapes, such as bonding, sealing, and mounting, and what is the demand for these applications?
- What are the key drivers of the UV-cured acrylic adhesive tapes market, such as the increasing demand from the electronics and automotive industries, and the need for high-performance bonding solutions?
- What are the major challenges faced by the UV-cured acrylic adhesive tapes market, such as the availability of low-cost alternatives and the need for specialized equipment for UV curing?
- Who are the major players in the UV-cured acrylic adhesive tapes market, and what are their market shares and competitive strategies?
- What are the key geographic markets for UV-cured acrylic adhesive tapes, and what are the growth prospects for each of these markets?
- What are the latest trends and developments in the UV-cured acrylic adhesive tapes market, such as the use of eco-friendly materials and the adoption of smart adhesives technologies?
- What is the regulatory environment for UV-cured acrylic adhesive tapes, and what are the key regulations that impact the market, such as environmental regulations and labeling requirements?
- What is the current and future market size of the UV-cured acrylic adhesive tapes market, and what are the expected growth rates in different regions and applications?
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What are the opportunities and challenges for new entrants in the UV-cured acrylic adhesive tapes market, and what are the key success factors for companies operating in this market, such as product innovation and cost competitiveness?
