UV-cured Acrylic Adhesive Tapes Market -Global Industry Analysis,Trends and Forecast 2024
The Opportunity in the global market for UV-cured acrylic adhesive tapes is likely to expand at a healthy CAGR of 7.29% during the period from 2016 to 2024, increasing from US$370.41 mn in 2015 to a value of US$691.71 mn by the end of the forecast period
The Opportunity in the global market for UV-cured acrylic adhesive tapes is likely to expand at a healthy CAGR of 7.29% during the period from 2016 to 2024, increasing from US$370.41 mn in 2015 to a value of US$691.71 mn by the end of the forecast period
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Transparency <strong>Market</strong><br />
Research<br />
<strong>UV</strong>-<strong>cured</strong> <strong>Acrylic</strong> <strong>Adhesive</strong> <strong>Tapes</strong> <strong>Market</strong> - <strong>Global</strong><br />
<strong>Industry</strong> <strong>Analysis</strong>, Size, Share, Growth, <strong>Trends</strong> <strong>and</strong><br />
<strong>Forecast</strong> 2016 - <strong>2024</strong><br />
Published Date<br />
11-Jan-2017<br />
155 Page Report<br />
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Press Release<br />
<strong>Global</strong> <strong>UV</strong>-<strong>cured</strong> <strong>Acrylic</strong> <strong>Adhesive</strong> <strong>Tapes</strong> <strong>Market</strong>: Shipment<br />
Volume to Cross 149.32 mn Sq. Mts. by <strong>2024</strong><br />
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<strong>UV</strong>-<strong>cured</strong> <strong>Acrylic</strong> <strong>Adhesive</strong> <strong>Tapes</strong><br />
<strong>Market</strong><br />
REPORT DESCRIPTION<br />
<strong>UV</strong>-<strong>cured</strong> <strong>Acrylic</strong> <strong>Adhesive</strong> <strong>Tapes</strong> <strong>Market</strong> - <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong>, Size, Share, Growth, <strong>Trends</strong> <strong>and</strong><br />
<strong>Forecast</strong> 2016 - <strong>2024</strong><br />
The intense competition between 3M, Avery Dennison Corp., Henkel AG & Co. KgaA, tesa SE, <strong>and</strong><br />
H.B. Fuller signifies the competitive l<strong>and</strong>scape of the global <strong>UV</strong>-<strong>cured</strong> acrylic adhesive tapes<br />
market, finds a report by Transparency <strong>Market</strong> Research (TMR). These players together held a<br />
share on 80% in this market in 2015.<br />
The rivalry between the leading players is expected to increase in the coming years. TMR<br />
recommends these companies to strengthen their distribution channels for their sustenance in<br />
the near future.<br />
Browse <strong>Market</strong> Research Report @<br />
http://www.transparencymarketresearch.com/uv-<strong>cured</strong>-acrylic-adhesive-tapesmarket.html<br />
As per the research report, the global market for <strong>UV</strong>-<strong>cured</strong> acrylic adhesive tapes, which stood at<br />
US$0.37 bn in 2015, is projected to rise at a CAGR of 7.29% between 2016 <strong>and</strong> <strong>2024</strong> <strong>and</strong> reach a<br />
value of US$0.69 bn by the end of the forecast period. Researchers project the market to cross a<br />
shipment volume of 149.32 mn Sq. Mts. by the end of <strong>2024</strong>. The dem<strong>and</strong> for <strong>UV</strong>-<strong>cured</strong> acrylic<br />
adhesive tapes is greater from the automotive industry than other end users. With an estimated<br />
contribution of US$170.39 mn in revenue by <strong>2024</strong>, this segment is likely to remain leading<br />
throughout the forecast period.<br />
North America to Lose Ground to Asia Pacific<br />
In this report, the worldwide market for <strong>UV</strong>-<strong>cured</strong> acrylic adhesive tapes has also been studied on<br />
the basis of its geographical presence. According to it, Asia Pacific, North America, Latin America,<br />
the Middle East <strong>and</strong> Africa, <strong>and</strong> Europe are the prominent regional markets for <strong>UV</strong>-<strong>cured</strong> acrylic<br />
adhesives tapes across the world. Driven by the high dem<strong>and</strong> from the U.S. <strong>and</strong> Canada, owing<br />
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<strong>UV</strong>-<strong>cured</strong> <strong>Acrylic</strong> <strong>Adhesive</strong> <strong>Tapes</strong><br />
<strong>Market</strong><br />
to the presence of an advanced infrastructure, North America has surfaced as the key consumer<br />
of <strong>UV</strong>-<strong>cured</strong> acrylic adhesives tapes, globally.<br />
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flag=B&rep_id=18134<br />
Although the growth in the North America market for <strong>UV</strong>-<strong>cured</strong> acrylic adhesives tapes will<br />
remain strong over the forecast period, analysts expect it to lose ground to Asia Pacific on<br />
account of the substantial increase in the building <strong>and</strong> construction activities in emerging Asian<br />
economies. Exceeding North America, the market in Asia Pacific is likely to gain an amount of<br />
US$224.81 mn in revenues by <strong>2024</strong>, states the research report.<br />
Increasing Trend of Miniature Electronic Devices to Reflect Positively on Dem<strong>and</strong> for<br />
<strong>UV</strong>-<strong>cured</strong> <strong>Acrylic</strong> <strong>Adhesive</strong> <strong>Tapes</strong><br />
“The rising the trend of miniaturization of electronic devices, such as portable personal<br />
computers, tablets, <strong>and</strong> cell phones, is having a considerable influence on the dem<strong>and</strong> for <strong>UV</strong><strong>cured</strong><br />
acrylic adhesive tapes across the world,” says the author of this research study. The<br />
ongoing expansion in the electrical <strong>and</strong> electronic industry, thanks to the growing dependence of<br />
consumers on electronic devices, is also projected to boost the adoption of these tapes<br />
remarkably over the next few years.<br />
In addition to this, the rise in the automotive industry, together with the increasing dem<strong>and</strong> for<br />
light automobiles, will reflect greatly on the global market for <strong>UV</strong>-<strong>cured</strong> acrylic adhesive tapes<br />
over the forecast period.<br />
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However, the volatility in the prices of raw materials <strong>and</strong> the high cost of advanced machinery<br />
may limit the adoption of these tapes to some extent in the near future, notes the study.<br />
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<strong>UV</strong>-<strong>cured</strong> <strong>Acrylic</strong> <strong>Adhesive</strong> <strong>Tapes</strong><br />
<strong>Market</strong><br />
The study presented here is based on a report by Transparency <strong>Market</strong> Research (TMR) titled<br />
“<strong>UV</strong>-<strong>cured</strong> <strong>Acrylic</strong> <strong>Adhesive</strong> <strong>Tapes</strong> <strong>Market</strong> - <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong>, Size, Share, Growth, <strong>Trends</strong>,<br />
<strong>and</strong> <strong>Forecast</strong>, 2016 - <strong>2024</strong>.”<br />
The global <strong>UV</strong>-<strong>cured</strong> acrylic adhesive tapes market has been segmented as follows:<br />
By Product<br />
• Foamed tapes<br />
• Non-foamed tapes<br />
• Thermally Conductive tapes<br />
• Flame Retardant tapes<br />
• Universal tapes<br />
By End User<br />
• Automotive<br />
• Building & Construction<br />
• Aerospace<br />
• Electricals & Electronics<br />
• Others<br />
Browse All Chemical & Materials <strong>Market</strong> Research Reports:<br />
http://www.transparencymarketresearch.com/chemical-market-reports-2.html<br />
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<strong>UV</strong>-<strong>cured</strong> <strong>Acrylic</strong> <strong>Adhesive</strong> <strong>Tapes</strong><br />
<strong>Market</strong><br />
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