UV Tapes Market is expected to value at USD 677.2 million by 2025. The UV tapes industry is subject to witness a substantial growth due to the increasing demand for UV tapes from electronics and semiconductor industries. UV tapes are a type of pressure sensitive adhesive (PSA) tapes that possess properties such as strong adhesion and higher durability. Typical application of the UV tapes include wafer dicing, back grinding, PCB grinding, and glass dicing applications.
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The key driving factors responsible for the growth of UV Tapes
market :
Rapid growth of consumer
electronics and semiconductor industries, particularly in the Asia Pacific
region is anticipated to boost the market growth of UV tapes over the next
seven years. Globally, the UV (Ultraviolet) tapes market is predicted to grow
at higher CAGR in the forecast period, providing numerous opportunities for
market players to invest for research and development in the industry.
Growing popularity of polyolefin
(PO) UV tapes owing to the superior properties such as strong adhesion, higher
durability and higher performance in adverse atmospheric conditions are
expected to drive market demand in the upcoming years. Increasing adoption of
polyolefin UV tapes for wafer dicing application in semiconductor industry is
predicted to fuel the market growth of UV tapes over the next seven years.
Furthermore, massive investment
for research & development in semiconductor industry and increase in the
number of manufacturing activities in the BRICS economies such as Brazil,
Russia, India, China and South Africa are predicted to expand market reach in
the near future. Strong economic growth in the emerging economies across Asia
Pacific region coupled with rising spending in current fiscal budgets are propelling
market growth, in the recent years.
Easy availability of raw
materials and lower manufacturing cost are expected to foster the growth of UV
tapes industry over the upcoming years. Raw material required for production of
UV tapes include base polymer, oligomer and photo initiator. Manufacturing
process involves UV irradiation, formation of crossed linked structure by the
polymerization reaction, thus making adhesive becomes hard. The market is
classified based product type such as polyolefin (PO), polyvinyl chloride
(PVC), polyethylene terephthalate (PET) and others including phenolic film and
polypropylene tapes.
The UV tapes market is broadly
categorized into two major segments based on the application type such as wafer
dicing and back grinding. The wafer dicing is considered as one of the fastest
growing segment in the UV tapes industry with substantial revenue generation in
the last few years. Growing popularity of UV tapes in the wafer-dicing segment
is attributed to the increasing demand from semiconductor industry. The
back-grinding segment has also witnessed substantial growth owing to the
growing focus towards miniaturization of electronic components.
The UV tapes market is divided by
region as North America, Europe, Asia-Pacific, Latin America and Africa. North
America has shown major growth in recent years owing to the rise in the
implementation of latest technologies in semiconductor & consumer
electronic sector, increase in the number of research & development
activities in the region and existence of well-established industrial
infrastructure.
Asia-Pacific region is predicted
to hold major market share in UV tapes with massive growth in forecast period.
Countries such as India, China and Singapore are leading the Asia-Pacific
market with increasing manufacturing activities in the region and significant
investment by leading industry players considering potential growth
opportunities in the region.
The key players in the UV tapes
industry are Furukawa Electric Co., Ltd., Nitto Denko Co., Mitsui Co., Lintec
Co., Sumitomo Bakelite Co., Ltd., Denka Company Ltd., Pantech Tape Co., Ltd.,
Ultron Systems, Inc., NEPTCO, Inc., Nippon Pulse Motor Co., Loadpoint Ltd., AI
Technology, Inc., and Minitron Electronic GmbH.
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