Rockville, Dec. 20, 2022 (GLOBE NEWSWIRE) -- According to a recently published research report by Fact.MR, a provider of market research and competitive intelligence, expected sales of UV-cured acrylic adhesive tapes are US$ 1.04 billion for 2033-end, with the market likely to expand at a CAGR of 6% through 2033.
Acrylic is colorless and is commonly applied on the surface of an adhesive tape, which further imparts some unique properties and helps overcome the basic limitations of adhesive tapes that are rubber-based. Adhesive tapes are basically strips of some backing material that can be reinforced with various types of adhesives. These tapes employ the usage of UV (Ultraviolet) rays to dry or cure the acrylic adhesive tapes. Non-formed tapes, universal tapes, flame retardant tapes, thermally conductive tapes, and foamed tapes are common market-available types of acrylic adhesive tapes.
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These adhesive tapes are generally formed with a base of an acrylic polymer that is coated on the backing carrier or material. These adhesives can be applied on one or both sides to join two materials that overlap each other on a permanent or temporary basis. The products are divided into non-foamed and foamed tapes.
The market is predicted to be driven at a noticeable rate due to the rising demand for various non-foamed tapes. In addition, substantial growth in respective application industries such as automotive, building & construction, and others will bolster the demand for adhesive tapes. On the flip side, the high price of the machinery used in the industry can restrain growth opportunities in the market.
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.
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Winning Strategy
People around the world are accepting UV-cured acrylic adhesive tapes for different applications including metal bonding which is further likely to drive growth opportunities in the global market. Further, the increasing use of UV-cured acrylic adhesive tapes for the manufacturing of lighter cars is also expected to propel market growth.
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
Segmentation of UV-cured Acrylic Adhesive Tapes Industry Research
- By Type :
- Foamed
- Non-foamed
- By End Use :
- Automotive
- Building and Construction
- Aerospace
- Electricals and Electronics
- Others
- By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global UV-cured acrylic adhesive tapes market for the period of 2023-2033.
The study divulges essential insights into the market on the basis of type (foamed, non-foamed) and end use (automotive, building & construction, aerospace, electricals & electronics, others), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions/Exclusions
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Type modifications /Innovation
4. Key Success Factors
4.1. Strategic Developments
4.2. Key regulations
4.3. Type USPs /Technology
4.4. List of Manufacturers and Providers
5. Market Background
Contd...
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