The Global UV Cured Acrylic Adhesive Tape Market is estimated to be USD 229.16 Mn in 2023 and is expected to reach USD 281.91 Mn by 2028 growing at a CAGR of 4.23%.Henkel’s solvent-free, UV PSA line enables broader industry use of acrylic-based adhesives
UV-cured acrylic adhesive tape is a type of pressure-sensitive adhesive tape used in various applications, such as bonding, mounting, and attaching. It is made up of a flexible and transparent acrylic film that is coated with a high-performance adhesive on one or both sides. These tapes are used in various applications, including automotive trim attachment, construction & building assembly, electrical component mounting, and signage bonding. They are also used in producing electronic devices, such as smartphones, laptops, and tablets, as they offer a reliable and efficient bonding solution for delicate components.
The market is driven mainly due to the increasing usage of UV-cured acrylic adhesive tapes in various outdoor applications. This is due to the benefits of UV-cured acrylic adhesive tapes are their ability to withstand exposure to the elements. These tapes are often used in outdoor applications such as bonding solar panels, mounting exterior signage, and securing automotive trim.
The market is restrained by the high cost associated with UV curing equipment. UV curing requires specialized equipment that emits UV light to cure the adhesive. This equipment can be expensive to purchase and maintain, increasing the production cost for UV-cured acrylic adhesive tapes. As a result, the high cost of UV-curing equipment can limit the adoption of UV-cured acrylic adhesive tapes in certain applications and affect the market's growth.
The major advancement in UV-cure PSAs is the development of low-shrinkage formulations. It can cause the bond line to distort or create stresses in the bonded components. Low-shrinkage formulations address this issue by minimizing the amount of shrinkage during curing, resulting in a more stable and reliable bond. UV cure PSAs have also been developed with improved heat resistance. These adhesives can withstand higher temperatures without losing their adhesive properties or breaking down. Additionally, this makes them suitable for use in high-temperature environments, such as in automotive or aerospace applications. In addition to these advancements, there has been a trend toward developing UV-cured acrylic adhesives that are more environmentally friendly.
- The harmful effects of adhesives challenge the market. UV-cured acrylic adhesive tapes typically use acrylate adhesives, which can contain monomers known to cause allergic reactions or skin sensitization. Long-term exposure to these adhesives can also result in respiratory problems, such as asthma.
Market Segmentations
- The Global UV Cured Acrylic Adhesive Tape Market is segmented based on Product, End-Users, and Geography.
- By Product, the market is classified into Foamed Tapes, Non-foamed Tapes, Thermally Conductive Tapes, Flame Retardant Tapes, and Universal Tapes. Foamed tapes are one of the largest segments in the UV-cured acrylic adhesive tapes market. The popularity of foamed tapes can be attributed to their versatility and effectiveness in various applications. They are commonly used in the automotive, construction, and electronics industries, among others. It provides a reliable and efficient bonding solution. Additionally, they offer good resistance to environmental factors such as moisture and UV radiation, making them ideal for outdoor use.
- By End-Users, the market is classified into Automotive, Building & Construction, Aerospace, Electricals & Electronics, and Others. The electricals and electronics segment holds the largest market share because it provides a strong and reliable bond to delicate electronic components and their resistance to environmental factors such as moisture, temperature, and UV radiation. It is used in various applications, including component bonding, LCD screen assembly, and touch panel assembly.
- By Geography, the market is classified into the Americas, Europe, Middle-East & Africa, and Asia-Pacific. The Americas has the largest growth than other regions owing to the factors such as the growth of the construction and automotive industries and significant consumers of UV-cured acrylic adhesive tapes due to their ability to provide a strong and long-lasting bond in various applications.
Recent Development
- Henkel expanded its production capacity for UV-curable acrylic PSA in Salisbury. - December 2022
- SWM International Completes Acquisition of Scapa Group PLC. This expands the Company’s innovation, design, and formulation capabilities and brings a variety of new coating and converting technologies. - April 2021
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Berry Global, Denka, DIC, ECHOtape, Eternal Materials, etc.Countries Studied
- America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxemburg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
- The report presents a detailed Ansoff matrix analysis for the Global UV Cured Acrylic Adhesive Tape Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
- The publisher analyses the Global UV Cured Acrylic Adhesive Tape Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
- Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global UV Cured Acrylic Adhesive Tape Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
- Excel data sheet for the market size will also be provided with the report.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
- The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors
- The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
- Market segmentation
- Competitive Analysis: Comparative analysis of competitor
- Historical, current, and projected size of the market based on value and volume
- Market size of the US states
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
5 Market Analysis
6 Global UV Cured Acrylic Adhesive Tape Market, By Product
7 Global UV Cured Acrylic Adhesive Tape Market, By End-Users
8 Americas' UV Cured Acrylic Adhesive Tape Market
9 Europe's UV Cured Acrylic Adhesive Tape Market
10 Middle East and Africa's UV Cured Acrylic Adhesive Tape Market
11 APAC's UV Cured Acrylic Adhesive Tape Market
12 Competitive Landscape
13 Company Profiles
14 Appendix
Companies Mentioned
- 3M Company
- Advance Tapes International Ltd.
- Avery Dennison Corp.
- Berry Global, Inc.
- Denka Co. Ltd.
- DIC Corp.
- ECHOtape
- Eternal Materials Co. Ltd.
- Eurobond Adhesives Ltd.
- H.B. Fuller Co.
- Henkel Ag & Co. KGaA
- L&L Products Inc.
- Lintec Corp.
- Lohmann GmbH & Co. KG
- Loxeal S.r.l.
- Nitto Denko Corp.
- Saint-Gobain SA
- Shin-Etsu Chemical Co., Ltd.
- Tesa SE
- Toyochem Co., Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 153 |
Published | February 2024 |
Forecast Period | 2023 - 2028 |
Estimated Market Value ( USD | $ 229.16 Million |
Forecasted Market Value ( USD | $ 281.91 Million |
Compound Annual Growth Rate | 4.2% |
Regions Covered | Global |
No. of Companies Mentioned | 20 |