The market for UV Acrylic Foam Tapes is anticipated to reach US$ 462.0 million in 2022 and grow at a CAGR of 4.1% from 2022 to 2032. By 2032, it is anticipated that sales of UV-cured acrylic foam tapes will amount US$690.1 million.
Demand for UV Acrylic Foam Tapes is being driven by expanding uses in a variety of industries, particularly electrical & electronics and building & construction. Sales will also increase throughout the projection period as consumers increasingly favour UV Acrylic Foam Tapes over other types of tape due to their excellent adhesive strength and durability.
Double-sided or single-sided UV Acrylic Foam Tapes are utilised more frequently in a variety of industries for bonding and sealing tasks. Due to their easy availability for adhesion, these tapes don’t need any surface preparation.
UV Acrylic Foam Tapes are known for their high adhesion strength and are used for various applications. They have exceptional adhesive strength, which is necessary for shelving panels and other furniture types.
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The Key Players-
Key players operating in the UV cured acrylic foam tapes market include Nitto Denko Corporation, Tesa SE, 3M Company, Avery Dennison Corporation, Scapa Group plc, Saint-Gobain S.A., and H.B. Fuller. Some of the other noticeable player in the market are Henkel AG & Company KGaA, Toyochem Co. Ltd., Daest Coating India Pvt Ltd., VIKING Industrial, and others
The UV-cured acrylic foam tapes are strong, and since no solvent is used in the manufacturing process, it is simple to make them. Due to the emission of toxins and dangerous gases during the solvent manufacturing, this has a positive effect on the environment. These tapes contribute to sustainability because there is no solvent preparation during the manufacturing process.
UV cured acrylic foam tapes offer a wide range of uses because they can withstand extreme temperatures, expand and contract without causing material loss, and are temperature resistant. Moreover, these tapes are employed on a variety of metals, including copper and steel, in addition to plastic materials. UV cured acrylic foam tapes are in great demand across a variety of industries, and demand is anticipated to grow steadily over the next ten years.
Key Takeaways from UV Cured Acrylic Foam Tapes Market
- By product type, the double sided tape segment is projected to hold around 65% of the market value share by the end of 2022.
- The self-stick tape segment is anticipated to expand 1.7 times the current market value during 2022-2032.
- By end use, the electrical & electronics and building & construction sub-segment are expected to collectively create a growth opportunity of US$ 110.8 Mn during the forecast period.
- North America and Europe collectively account for the largest share of the global UV cured acrylic foam tapes market and the trend is expected to continue through 2032.
- India’s UV cured acrylic foam tapes market is projected to grow at a CAGR of 6.2% during the forecast period.
- Germany’s UV cured acrylic foam tapes industry is projected to create an incremental opportunity of US$ 5.5 Mn during the forecast period
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“UV cured acrylic foam tapes are gaining immense popularity globally due to their superior properties compared to other types of tapes and their wide application in various end–use industries. Also increased investments in the automotive and construction industries across developing and developed regions will create a growth opportunity for the global UV cured acrylic tapes market over the next ten years,” – says a lead FMI analyst.
“UV Cured Acrylic Foam Tapes’ Superior Strength and Durability Fueling Its Adoption”
The UV cured acrylic foam tapes are having more durability as they are temperature resistant and ideal for harsh environments. The ability of UV cured acrylic foam tapes to adhere to any surface is a boon for the electronics industry across the globe. The electronics industry relies on UV cured acrylic foam tapes to deliver a lightweight yet durable permanent bond.
Thus, growing demand for electronic products coupled with increasing usage of UV cured acrylic foam tapes across electrical & electronics industry will boost the global market during the forecast period.
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