(MENAFN- Ameliorate Digital Consultancy)
The global UV-cured acrylic adhesive tapes market is expected to be worth $580 million in 2023. Furthermore, global demand for UV-cured acrylic adhesive tapes is expected to reach US$ 1.04 billion by 2033, growing at a notable CAGR of 6% over the following ten years.
UV-cured acrylic adhesive tapes are used in a variety of industries because to their variadvantages, including long-term aging and performance even after extensive exposure to sunshine. Furthermore, the non-corrosive and UV resistance features of these tapes are projected to expand their demand globally. These universal tapes' advantages make them appropriate for specialized applications.
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Because of the growing need for lightweight automobiles, automakers all over the world are using UV-cured acrylic adhesive tapes. As a result, the growth of the vehicle market is predicted to boost attractive opportunities in the worldwide sector.
The increased usage of UV-cure adhesive tape in the electronics and electrical sectors is expected to have a significant influence in the increased demand for these products. These tapes are utilized in a variety of outdoor applications, including metal joining. Furthermore, the growing trend of shrinking of varielectronic gadgets is expected to promote worldwide market growth avenues.
“The High Cost of Advanced Machinery May Limit Market Growth”
The modern gear utilized in the UV-cured acrylic adhesive tapes sector is rather expensive. The players must invest significantly to deliver high-quality items, which raises the overall price of finished products. Furthermore, the price volatility of variraw materials might limit the adoption of industrial goods.
Key Players:
3M Company Toyochem Co., Ltd. Avery Dennison Corporation TSE Denka Co., Ltd. Scapa Group PLC Eurobond Adhesives Ltd. Nitto Denko Corporation
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Non-foamed tapes are expected to dominate the global market.
The market for UV-cured acrylic adhesive tapes is divided into foamed and non-foamed tapes. Between the two, non-formed cassettes are gaining popularity at an increasing pace across the world. This dominance can be ascribed to the growing global demand for thermally conductive tapes, flame-retardant tapes, and universal tapes.
Regional Analysis:
UV-cured acrylic adhesive tape sales in Germany are expected to grow at a CAGR of 4.9% due to its increasing application in the electrical and electronics sectors. Furthermore, people rely on technological gadgets, which are expected to contribute to a rise in demand for these sticky tapes.
UV-cured acrylic adhesive tape sales in the United States will exceed US$ 145 million in 2022. The increasing use of UV-cured acrylic adhesive tapes in the bulk of infrastructure projects is driving market expansion.
Because of the growing trend of smaller consumer electronic devices, the market in Japan is expected to grow at a CAGR of 5.7% through 2033. These goods make use of high-quality sticky tapes.
Key Segments of Industry:
By Type : By End Use : Automotive Building and Construction Aerospace Electricals and Electronics Others
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