Overview:

The global UV tapes market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Ultraviolet (UV) tapes are a high strength adhesive tapes used in semiconductor processes. These tapes protect the semiconductor surface in back grinding process. Also, are used to hold wafer of semiconductor with ring frame in the dicing process. The UV tapes are also referred as UV protection tape, UV resistant tape, or ultraviolet tape.

Market Dynamics:

The UV tapes have wide applications in the products which are having long exposure of direct sunlight and UV light. The application area includes automotive, building and construction, electronics, manufacturing, flexographic printing, and others. Growing use of UV tapes in various end use applications and expansion of end use industries are key factors driving growth of the global UV tapes market.

In addition, growing sales of various electronic products, rising integration of electronic technology in automotive and manufacturing sector, and increasing digitization are key factors resulting in growing demand for semiconductors. This is another major factor supporting growth of the target market across the globe.

Moreover, beneficial properties of UV tapes such as high UV rays resistant capacity, strong withstanding capacity at high temperature and pressure, and strong adhesive capacity are some other factors expected to drive growth of the target market in the forecast period.

Key Trends:

Growing focus on product innovation and production capacity expansion among key players is a key trend witnessed in the global UV tapes market. For instance, in July 2019, the Henkel Corporation has announced investment of US$ 45 Mn for its production facility expansion located in Salisbury, NC. This type of strategic initiatives expected to drive growth of the global market in the near future.

Regional Analysis:

For detailed understanding of market dynamics, the global UV tapes market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The UV tapes market in Asia Pacific region holds major share in the target market. This is owing to presence of leading electronics product manufacturers in countries such as China, Taiwan, South Korea, Japan, and India in the region. In addition, growing demand for various electronic products in the region is another key factor supporting regional market growth.

However, the target market in the North America and Europe regions is expected to witness significant growth over the forecast period. The North America region is expected to hold second largest market share in the global market followed by Europe. Growing number of electronics industries in these regions is a key factor driving target market growth.

Scope of the Report:

Detailed Segmentation:

Global UV Tapes Market, By Product Type:

• Polyolefin (PO)
• Polyvinyl Chloride (PVC)
• Polyethylene Terephthalate (PET)
• Other Product Type

Global UV Tapes Market, By Application:

• Wafer Dicing
• Back Grinding
• Other Application

Key Players Covered:

Key players operating in the global market includes Nitto Denko Corporation, Lintec Corporation, Mitsui Corporation, Furukawa Electric Co. Ltd., Sumitomo Bakelite Co. Ltd., Pantech Tape Co. Ltd., Denka Company Limited, Ultron Systems, Inc., Loadpoint Limited, and Minitron Electronic GmbH.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global UV Tapes Market by product type, application, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global UV tapes market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.