The global UV tapes market size reached US$ 498.2 Million in 2023. Looking forward, the publisher expects the market to reach US$ 986.4 Million by 2032, exhibiting a growth rate (CAGR) of 7.88% during 2023-2032.
UV tapes are under-pressure sensitive tapes made using base polymer, oligomer, and a photoinitiator. These tapes assist in coping with direct sunlight and other environmental factors. They provide a strong adhesive bond to multiple surfaces, thereby making them an ideal alternative to conventional duct tapes. They are used to protect the surface of semiconductor wafers during the back grinding process and keep them along the ring frame during the dicing process. They are also applicable on ceramics, glass, sapphires, and plastics workpieces, which experience prolonged exposure to UV light.
Apart from this, the growing utilization of flexographic printing in flexible packaging that minimizes product wastage and extends the shelf-life of various food and beverage (F&B) products is also propelling the market growth. Furthermore, leading market players are developing innovative products, such as UV-activatable adhesive tape with color change features, which is augmenting their demand in the automotive industry. Besides this, rising awareness about the benefits offered by UV tapes, in confluence with the expanding distribution channel, is projected to foster the market growth.
2. What is the expected growth rate of the global UV tapes market during 2024-2032?
3. What are the key factors driving the global UV tapes market?
4. What has been the impact of COVID-19 on the global UV tapes market?
5. What is the breakup of the global UV tapes market based on the product?
6. What is the breakup of the global UV tapes market based on the application?
7. What are the key regions in the global UV tapes market?
8. Who are the key players/companies in the global UV tapes market?
UV tapes are under-pressure sensitive tapes made using base polymer, oligomer, and a photoinitiator. These tapes assist in coping with direct sunlight and other environmental factors. They provide a strong adhesive bond to multiple surfaces, thereby making them an ideal alternative to conventional duct tapes. They are used to protect the surface of semiconductor wafers during the back grinding process and keep them along the ring frame during the dicing process. They are also applicable on ceramics, glass, sapphires, and plastics workpieces, which experience prolonged exposure to UV light.
UV Tapes Market Trends:
The rising adoption of smart and miniaturized consumer electronics on account of rapid urbanization, inflating disposable incomes, and the emergence of smart homes is escalating the demand for semiconductors across the globe. This represents one of the key factors influencing the market growth positively. In line with this, increasing digitization and the rising trend of automation are promoting the adoption of semiconductor memory in modern medical devices, which, in turn, are contributing to the market growth. Moreover, the burgeoning construction industry is stimulating the use of UV tapes for pipes, windows, open joint facades, and sealing around doors.Apart from this, the growing utilization of flexographic printing in flexible packaging that minimizes product wastage and extends the shelf-life of various food and beverage (F&B) products is also propelling the market growth. Furthermore, leading market players are developing innovative products, such as UV-activatable adhesive tape with color change features, which is augmenting their demand in the automotive industry. Besides this, rising awareness about the benefits offered by UV tapes, in confluence with the expanding distribution channel, is projected to foster the market growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global UV tapes market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product and application.Breakup by Product:
- Polyolefin
- Polyvinyl Chloride
- Polyethylene Terephthalate
- Others
Breakup by Application:
- Wafer Dicing
- Back Grinding
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being AI Technology Inc., Chase Corporation, Denka Company Limited, Furukawa Electric Co. Ltd., LINTEC Corporation, Loadpoint Ltd, Minitron Elektronik GmbH, Mitsui Chemicals, Nitto Denko Corporation, Sumitomo Bakelite Co. Ltd. and Ultron Systems Inc.Key Questions Answered in This Report
1. How big is the global UV tapes market?2. What is the expected growth rate of the global UV tapes market during 2024-2032?
3. What are the key factors driving the global UV tapes market?
4. What has been the impact of COVID-19 on the global UV tapes market?
5. What is the breakup of the global UV tapes market based on the product?
6. What is the breakup of the global UV tapes market based on the application?
7. What are the key regions in the global UV tapes market?
8. Who are the key players/companies in the global UV tapes market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global UV Tapes Market
6 Market Breakup by Product
7 Market Breakup by Application
8 Market Breakup by Region
9 SWOT Analysis
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- AI Technology Inc.
- Chase Corporation
- Denka Company Limited
- Furukawa Electric Co. Ltd.
- LINTEC Corporation
- Loadpoint Ltd
- Minitron Elektronik GmbH
- Mitsui Chemicals
- Nitto Denko Corporation
- Sumitomo Bakelite Co. Ltd.
- Ultron Systems Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 136 |
| Published | August 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 498.2 Million |
| Forecasted Market Value ( USD | $ 986.4 Million |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
