UV-Cured Acrylic Adhesive Market to Grow with a CAGR of 4.82% through 2028
Increasing availability of UV curing equipment and
rising demand from end-use industries are factors driving the Global UV-Cured
Acrylic Adhesive market in the forecast period 2024-2028
According to TechSci Research report, “UV-Cured
Acrylic Adhesive Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global UV-Cured Acrylic Adhesive
Market has valued at USD 4.35 billion in 2022 and is anticipated to project
robust growth in the forecast period with a CAGR of 4.82% through 2028. Technological advancements have played a
pivotal role in driving the growth of the global UV-cured acrylic adhesive
market. These adhesives have become increasingly popular across various
industries due to their remarkable properties and the continuous innovation in
their formulations and application techniques. One significant technological
advancement in UV-cured acrylic adhesives is the development of tailored
formulations to meet specific industry needs. Manufacturers are continuously
fine-tuning adhesive compositions to enhance performance characteristics such
as adhesion strength, flexibility, and UV resistance. This customization
ensures that UV-cured acrylic adhesives can meet the demanding requirements of
diverse applications, from aerospace to medical devices. Moreover,
improvements in curing technology have been transformative. UV curing systems
have become more energy-efficient, compact, and user-friendly. This has led to
a reduction in production costs and enhanced productivity for manufacturers.
The ability to precisely control the curing process also minimizes waste and
ensures consistent bond quality.
Furthermore,
UV-cured acrylic adhesives have benefited from advancements in UV LED
technology. UV LEDs are replacing conventional mercury vapor lamps as the light
source for curing. They offer several advantages, including lower energy
consumption, longer service life, and reduced heat generation. This technology
not only lowers operational costs but also improves safety in manufacturing
environments. Another critical
aspect is the development of dual-cure systems, which combine UV curing with an
additional curing mechanism, such as moisture or heat. These systems provide
added flexibility, enabling adhesives to cure in shadowed areas or under
challenging conditions, expanding their application potential in complex
assemblies.
Additionally,
the evolution of application techniques, such as inkjet printing and 3D
printing with UV-cured acrylic adhesives, has opened up new avenues for growth.
These techniques enable precise and rapid adhesive deposition, making them
invaluable in industries like electronics and automotive manufacturing. In conclusion,
technological advancements have propelled the global UV-cured acrylic adhesive
market to new heights. Tailored formulations, improved curing technology, UV
LED innovations, dual-cure systems, and advanced application techniques have
collectively contributed to the market's growth. As industries continue to
demand high-performance adhesives with environmental benefits, the UV-cured
acrylic adhesive market is poised to expand further, driven by ongoing
technological innovations and the versatility of these adhesives across a wide
range of applications.
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The Global UV-Cured Acrylic Adhesive Market is
segmented into product, end user, regional distribution, and company. Based on the Product,
the Foamed tapes segment emerged as the dominant player in the global
market for UV-Cured Acrylic Adhesive in 2022. Foamed tapes, often referred to
as foam tapes or gasket tapes, are used for applications that require sealing,
cushioning, or insulation. They are commonly used in industries like
automotive, electronics, and construction for applications such as
weatherstripping, sound insulation, and gasketing. Foamed tapes provide
benefits like vibration damping and sealing against dust and moisture.
North America region emerged as the dominant player in
the global UV-Cured Acrylic Adhesive market in 2022, holding the largest market
share in terms of both value and volume. North America, particularly the United
States, is a hub for technological innovation and research and development.
This region has seen substantial advancements in UV-curable acrylic adhesive
technology, resulting in the development of high-performance and innovative
adhesive solutions. UV-curable acrylic adhesives are known for their
environmentally friendly characteristics. They emit low levels of volatile
organic compounds (VOCs) and are considered a more sustainable adhesive option.
North American industries and consumers are increasingly prioritizing
eco-friendly products, driving the demand for UV-curable acrylic adhesives.
Major companies operating in Global UV-Cured
Acrylic Adhesive Market are:
- 3M Company
- Nitto Denko Corporation
- Avery Dennison Corporation
- Biolink Gesellschaft für
Verbindungstechnologien GmbH
- Collano Adhesives AG
- Denka Company Limited
- Eurobond Adhesives Limied
- H.B. Fuller Company
- Weifang Haibin Chemical
- Henkel AG & Company KgaA
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“The global UV-Cured Acrylic Adhesive market has
witnessed significant growth in recent years, driven by various factors.
UV-Cured Acrylic Adhesive is a versatile adhesive technology that cures rapidly
when exposed to ultraviolet (UV) light. This technology has found widespread
applications across industries like automotive, electronics, medical, and
packaging due to its strong bonding capabilities, quick curing times, and
environmental friendliness.
The growth of UV-Cured Acrylic Adhesive can be
attributed to its increasing adoption in manufacturing processes, where speed
and efficiency are paramount. Additionally, the adhesive's ability to bond
diverse substrates, including plastics, glass, and metals, has expanded its
utility. In response to environmental concerns, UV-Cured Acrylic Adhesives are
often chosen for their solvent-free nature and low volatile organic compound
(VOC) emissions.
Market players are investing in research and
development to improve the performance characteristics of UV-Cured Acrylic
Adhesives, opening up new opportunities for growth. As industries continue to
prioritize sustainability and efficiency, the UV-Cured Acrylic Adhesive market
is poised for sustained expansion in the coming years,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“UV-Cured Acrylic Adhesive Market- Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented by
Product (Foamed Tapes and Non-foamed Tapes (Thermally Conductive Tapes, Flame
Retardant Tapes and Universal Tapes)), By End User ( Automotive, Building and
Construction, Aerospace, Electricals and Electronics, and Others), By Region and competition”, has evaluated
the future growth potential of Global UV-Cured Acrylic Adhesive Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global UV-Cured Acrylic Adhesive Market.
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