UV-cured Acrylic Adhesive Tapes Market

UV-cured Acrylic Adhesive Tapes Market Outlook (2023-2033)

The value of the global UV-cured acrylic adhesive tapes market is US$ 580 million for 2023. Further, worldwide demand for UV-cured acrylic adhesive tapes is anticipated to reach a market value of US$ 1.04 billion by 2033-end, increasing at a noteworthy CAGR of 6% over the next ten years.

UV-cured acrylic adhesive tapes find applications across different sectors owing to their numerous benefits such as long-term aging and working well even with prolonged exposure to sunlight. In addition, the non-corrosive and UV resistance properties of these tapes are also likely to increase their demand around the world. The benefits of these universal tapes make them suitable for special applications.

These adhesives are used to produce splicing tapes, masking tapes, wraps for mismatched surfaces, floor carpet fixing, and wraps for transformers. Due to their invisibility, they find applications in the building and construction industry for lighting fixtures, window frames, and others. Acrylic foam tapes provide additional functionalities for sound/vibration dampening, flame retardancy properties, transparent bonding, and thermal conductive bonding.

The automobile industry is one of the key users of these tapes to clad metal pieces and sheets. These tapes are used to avoid the application of mechanical fasteners as they add to the weight of the final products. Furthermore, these tapes help to reduce the weight of the vehicle which further increases fuel efficiency. So, these factors are further anticipated to propel sales of acrylic adhesive tapes.

In recent years, there is a noticeable increase in the demand for adhesive tapes as an alternative to traditional fasteners which is expected to drive their demand. At present, various end-use industries, such as the automotive industry around the world are generating lucrative opportunities for players. Numerous developments are taking place in UV-cured acrylic adhesive tapes to make them more suitable across different applications. Furthermore, these innovations are also related to cross-linking of tapes with other materials and increasing their benefits and effectiveness.

The development of new products is getting attention from several industries, including electricals & electronics, aerospace, and others around the world. The growth of these industries further augments the need for UV-cured acrylic adhesive tapes. However, the high price of UV-cured acrylic adhesives compared to resin or rubber adhesives can limit their adoption to some extent.

Report Attributes	Details
Market Size (2023)	US$ 580 Million
Projected Market Value (2033)	US$ 1045 Million
Estimated Growth Rate of Market (2023-2033)	6% CAGR
Japan Market Growth Rate (2023-2033)	5.7% CAGR
Germany Market Growth Rate (2023-2033)	4.9%
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

Which Factors are Driving the Sales of UV-cured Acrylic Adhesive Tapes?

“Growing Utilization of UV-cured Acrylic Adhesive Tapes by Automakers”

Automakers around the world are utilizing UV-cured acrylic adhesive tapes due to the increasing demand for lightweight vehicles by people. Thus, the expansion of the automobile market is expected to bolster lucrative prospects in the global industry.

The rising use of UV-cure adhesive tape across the electronics and electrical industries is estimated to play a pivotal role in the growing demand for these products. These tapes are used in various outdoor applications such as the joining of metals. Moreover, the rising trend of miniaturization of various electronic devices is predicted to favor growth avenues in the global market.

“Increased Concentration of Manufacturers to Strengthen Distribution Channels and Development of Next-Generation Products”

The presence of a lot of companies around the world makes the competition more intense. So, these players are using different organic as well as inorganic strategies to gain a competitive edge in the market.

Some prominent players in the global industry are concentrating to strengthen their distribution channels. Furthermore, the enterprises are increasing the flow of cash for R&D projects for the development of next-generation products. In addition, a handsome amount is also invested to bring advancements in the quality of products from the respective industry.

These initiatives are likely to provide assistance to stimulate sales of UV-cured acrylic adhesives tapes.

Why Has Demand for UV-cured Acrylic Adhesive Tapes Been Hot in Recent Years?

“Electrification of Automotive Industry to Propel the Demand for Newer Technologies”

The electrification that is taking place across the automotive industry is further pushing demand for new technologies for the structural bonding of new car materials and components, such as carbon-fiber-reinforced plastics and battery packs. The majority of these do not bond easily with the use of traditional solutions that are available f of bonding.

In addition, the traditional production of tape is generally based on large-scale production. Further, it becomes very difficult to bring innovations in these production techniques.

“High Cost of Advanced Machinery Can Restrain Market Growth”

The advanced machinery used in the industry of UV-cured acrylic adhesive tapes is comparatively costly. The players need to invest a handsome amount to provide quality products that further increase the overall price of end products. In addition, the price vitality of different raw materials can also limit the adoption of industry products.

Why Does North America Industry Lead the Global Market?

“Rising Use of Adhesives Tapes in Infrastructural Developments across North America”

The market in the North American region is projected to contribute with the largest share in the global market owing to the growing use of UV-cured acrylic adhesive tapes in regional countries such as Canada and the U.S. These tapes find applications in the majority of infrastructural development.

The Asia Pacific market is also estimated to hold a noticeable share of the global market during the forecast period. This growth in the market is attributed to the rapid pace of developments that are taken in the construction sector in the past few years. Furthermore, the growing trend to use miniaturized electronic devices by people that require high-end adhesive tapes is also predicted to bring lucrative opportunities in the regional market.

Country-wise Insights

Which is the Leading Country in Europe for UV-cured Acrylic Adhesive Tapes?

“Rising Use of Adhesive Tapes in Electrical & Electronics in Germany”

The sales of UV-cured acrylic adhesives tapes in the Germany market are anticipated to increase at a CAGR of 4.9% due to their rising use in the electrical and electronics sector. In addition, people rely on electronic devices which are further predicted to contribute to increased demand for these adhesive tapes.

How is the United States Market Shaping Up?

“Growing Application of Adhesive Tapes in Infrastructural Development”

Sales of UV-cured acrylic adhesive tapes in the U.S. was more than US$ 145 million in the year 2022. The growth in the market is due to the rising use of UV-cured acrylic adhesive tapes in the majority of infrastructural development.

Further, the Canada market is projected to expand at a CAGR of 4.8% through 2033.

Which are the Key Drivers Increasing the Sales of UV-cured Acrylic Adhesive Tapes in Asia Pacific?

“Growing Trend of Miniaturized Customer Electronic Devices in Japan”

The market in Japan is projected to advance at a CAGR of 5.7% through 2033 because of the rising trend of miniaturized customer electronic devices. These products use high-end adhesive tapes that further bolster their sales in the market.

Category-wise Insights

Which are the Most Commonly Used Adhesive Tapes in the Global Market?

“Non-foamed Tapes Expected to Lead in Global Market”

The UV-cured acrylic adhesive tapes market is classified into foamed and non-foamed tapes. Between these two, the non-formed tapes are gaining traction at an increased rate across the globe. This dominance is attributed to the increasing demand for thermally conductive tapes, flame-retardant tapes, and universal tapes around the world.

Which is the Largest End-use Industry for UV-cured Acrylic Adhesive Tapes?

“Increasing Demand for Lighter Vehicles Stimulating Sales of UV-cured Acrylic Adhesive Tapes”

The industry for UV-cured acrylic adhesive tapes is bifurcated into automotive, aerospace, electricals and electronics, building and construction, and others based on end use. Among these, the automotive industry is estimated to lead as the largest end-user of UV-cured acrylic adhesive tapes. This dominance is attributed to the increasing demand for lighter automobiles around the world for improved performance.

Furthermore, the electrical and electronics segment is also anticipated to hold a noticeable share of the global market due to the increased use of these adhesive tapes in miniaturized consumer products.

Competitive Landscape

Key players in the UV-cured acrylic adhesive tapes market are 3M Company, Toyochem Co., Ltd., Avery Dennison Corporation, Tesa SE, Denka Co., Ltd., Scapa Group PLC, Eurobond Adhesives Ltd., and 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