Global UV-Cured Acrylic Adhesive Tapes Market Size By Product (Foamed Tapes, Non-Foamed Tapes, Thermally Conductive Tapes), By Application (Automotive, Electricals & Electronics, Aerospace, Building & Construction), By Geographic Scope And Forecast

UV-Cured Acrylic Adhesive Tapes Market Size And Forecast

UV-Cured Acrylic Adhesive Tapes Market size was valued at USD 583 Million in 2023 and is projected to reach USD 634 Million by 2030, growing at a CAGR of 9.29 % during the forecast period 2024-2030.

The increasing acceptance of UV-Cured Acrylic Adhesive Tapes in various outdoor applications, such as metal bonding, is one of the key drivers of the market. The use of UV-Curing Acrylic Adhesive Tapes to manufacture lighter cars is also an important growth driver. The Global UV-Cured Acrylic Adhesive Tapes Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global UV-Cured Acrylic Adhesive Tapes Market Definition

Adhesive tapes are strips of backing material that are reinforced with different types of adhesives. Acrylic is colorless which is applied on the surface of the adhesive tape which imparts unique properties and overcomes the general limitations of rubber-based adhesive tapes. UV-Cured Acrylic Adhesive Tapes employ the use of Ultraviolet (UV) rays to cure or dry the acrylic adhesive tapes. UV-Cured Acrylic Adhesive Tapes are of different types which include foamed tapes, thermally conductive tapes, flame retardant tapes, universal tapes, and non-foamed tapes.

Global UV-Cured Acrylic Adhesive Tapes Market Overview

UV-Cured Acrylic Adhesive Tapes are widely used in different applications due to their benefits including prolonged exposure to sunlight, long-term aging, UV resistance, and non-corrosive properties among others. The benefits make them suitable for use for special applications. It is used to produce masking tapes, splicing tapes, and wrap for transformers, floor carpet fixing, and mismatched surfaces on marine crafts. In the building and construction industry due to their invisibility are used in window frames, lighting fixtures, etc.

Also, these tapes are used in the automobile industry to clad sheets and metal pieces together in order to avoid the use of mechanical fasteners that add to the weight and thus help in reducing the weight of the vehicle. The increasing need to reduce the weight of vehicles to increase fuel efficiency drives the demand for UV-Cured Acrylic Adhesive Tapes. Also, there has been increasing demand in various applications for tapes to be used as an alternative to conventional fasteners which is driving the demand.

Due to the developments going on in the UV-Cured Acrylic Adhesive Tapes for cross-linking with other materials and making it suitable to use in various applications and increase the effectiveness and benefits, newer products are launched which are getting attention from various industries. The growth of each of these industries will further augment the growth of the UV-Cured Acrylic Adhesive Tapes Market. Although, the price of UV-Cured acrylic adhesive tapes is twice as compared to rubber or resin adhesive tapes and also can be harder to stick on some surfaces. These limitations hinder the uses and affect the growth of the market.

Global UV-Cured Acrylic Adhesive Tapes Market Segmentation Analysis

The Global UV-Cured Acrylic Adhesive Market is Segmented on the basis of Product, Application, And Geography.

UV-Cured Acrylic Adhesive Tapes Market, By Product

• Foamed Tapes
• Non-Foamed Tapes
• Thermally Conductive Tapes
• Flame Retardant Tapes
• Others

Based on Product, the market is segmented into Foamed Tapes, Non-Foamed Tapes, Thermally Conductive Tapes, Flame Retardant Tapes, And Others. Non-foamed taps account for the largest share of the market and the growth is attributed to the substantial increase in demand for universal tapes, flame-retardant tapes, and thermally conductive tapes.

UV-Cured Acrylic Adhesive Tapes Market, By Application

• Automotive
• Electricals & Electronics
• Aerospace
• Building & Construction
• Others

Based on Application, the market is segmented into Automotive, Electricals & Electronics, Aerospace, Building & Construction, And Others. Automotive segments account for the largest market share in this region. The increasing demand for lighter automobiles makes it one of the key driving factors increasing the growth in this segment. However, the utilization of UV-cured acrylic adhesive tapes in the electrical and electronics segment has also been considerably on the high rise.

UV-Cured Acrylic Adhesive Tapes Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, the Global UV-Cured Acrylic Adhesive Tapes Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America accounts for the largest share of the UV-cured Acrylic Adhesive Tapes Market. Countries such as the U.S. and Canada have seen the vast usage of UV-cured acrylic adhesives for major infrastructural development. On the other hand, Asia Pacific is expected to cross all other regions, due to the high pace of strides that the construction sector has taken in the past few years.

Key Players

The “Global UV-Cured Acrylic Adhesive Tapes Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Collano Adhesives AG, Nitto Denko Corporation, 3M, Weifang Haibin Chemical Co. Ltd., Henkel AG & Company KGaA, Avery Dennison Corporation, Biolink Gesellschaft für Verbindungstechnologien GmbH, Denka Company Limited, Eurobond Adhesives Limited, H.B. Fuller.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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