Global Sales of UV Tapes Market to Follow a Downward Trend Post 2020, with Continued Impact of COVID-19 Outbreak, Concludes a New FMI Study

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Global Sales of UV Tapes Market to Follow a
Downward Trend Post 2020, with Continued Impact
of COVID-19 Outbreak, Concludes a New FMI Study

• June 2020

Report Id REP-GB-435 Published on
11-May-2015 Category Chemicals and Materials
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UV Tapes Market Analysis
Increasing proliferation of artificial
intelligence and ICT tools is boosting the
semiconductor industry, in turn stimulating the
demand for ultraviolet (UV) tapes. UV tapes have
been highly suitable for protecting semiconductor
wafer surfaces in the backgrinding and dicing
processes. Stellar expansion of the consumer
electronics industry has ushered in an era of
miniaturization of technology. This has paved way
for the development of highly sophisticated
information technology tools requiring usage of
semiconductors. As a result, the usage of UV
tapes has experienced a significant propulsion in
recent years. UV tapes provide a high adhesion
strength. When exposed to UV light, this strength
reduces significantly, allowing for clean and
easy removal after fulfilling its purpose. UV
tapes temporarily protect semiconductor wafers
from surface damage. These tapes are generally
manufactured using polyethylene terephthalate
(PET), polyvinyl chloride (PVC) or polyolefin
(PO). In addition, UV tapes are highly resistant
to heat, environmentally friendly and offer
excellent setting time when exposed to UV light.
In light of such benefits and applications, the
global UV tape market is anticipated to register
a value of US 437.9 Mn by the end of 2020.
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UV Tapes Market Analysis
The ongoing coronavirus pandemic has only served
to heighten market prospects for UV tapes,
attributed to increasing usage of ICT tools by
individuals and companies to conduct their daily
businesses in the wake of nationwide lockdowns,
prompting organizations to issue mandatory
work-from-home directives. As internet
penetration increases on a daily basis, the
number of devices used to access it is
mushrooming, prompting UV tape manufacturers to
accelerate their production to cater to the
demand from end-use industries. Request report
sample consisting of 125 pages to gain in-depth
market insights on https//www.futuremarketinsight
s.com/reports/sample/rep-gb-435 "The scope for
UV tapes market appears especially bright across
emerging economies such as India and China, owing
to increased usage of information technology
devices in the wake of growing internet
penetration. Additionally, leading multinational
corporations are intensifying their investments
in the region across various industrial and
non-industrial businesses which exhaustively use
technology to streamline their operations. This
has pushed up sales of ICT devices, leveraging UV
tapes production," concludes a leading FMI
analyst.
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UV Tapes Market Analysis

• Global UV Tapes Market- Key Takeaways
• Asia-Pacific generated the highest demand for UV
  tapes between 2015 and 2020. Booming
  semiconductor industries across Mainland China
  and Taiwan due to favorable government policies
  have augured demand for the region.
• PET and PO-based UV tapes shall tower over
  PVC-based ones, credited to their easy
  recyclability and compliance with environmental
  standards.
• Wafer-dicing UV tapes accounted for nearly half
  of the market during the forecast period.
  However, it shall lose 60 BPS by 2020 due to
  surging popularity of other types of tapes.
• Global UV tapes market expanded at a CAGR of 10
  from 2015-2020.
• Global UV Tapes Market- Prominent Drivers
• Growing awareness about the benefits of UV-tapes
  has accelerated their usage in optoelectric
  components, particularly for manufacturing camera
  lenses.
• Availability of cheap labor, technology and
  raw-materials in emerging economies is
  encouraging market players to establish their
  businesses in these countries, expanding revenue
  pool of the UV-tapes market.

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UV Tapes Market Analysis

• Global UV Tapes Market- Key Restraints
• High costs of UV-tapes is anticipated to
  discourage end-users from purchasing them and
  would instead opt of cheaper alternatives,
  limiting prospects for expansion.
• Comparatively lesser costs of non-UV tapes is
  accelerating their usage, hindering usage of
  UV-tapes.
• Anticipated Impact of the Coronavirus Outbreak
• The coronavirus pandemic has provided significant
  traction to the UV tapes market. Although, in the
  initial phases, supply chain disruptions as a
  result of curbs on transportation and logistics
  generated significant gaps in the demand-supply
  equilibrium. As countries worldwide have been
  relaxing lockdowns, manufacturing units are
  experiencing a resurgence due to resumption of
  production cycles. Against this backdrop, the UV
  tapes market is poised to soar in the future.
  Since its declaration as a pandemic by the World
  Health Organization, the coronavirus disease has
  compelled businesses to provide remote working
  arrangements for their employees. These
  arrangements required organizations to invest
  significantly in providing enhanced internet
  connectivity as well as access to their intranet.
  For this, people need access to adequate ICT
  tools such as laptops, personal computers,
  tablets or smartphones, increasing their sales
  across online platforms.

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UV Tapes Market Analysis
The proliferating sales of ICT devices has
motivated hardware companies to produce more
devices and semiconductors, ultimately pushing up
demand for UV-tapes. Eventually, the market will
continue riding the high-wave. This is because in
the post-pandemic scenario, remote working shall
become the new normal. Employees will no longer
be required to travel to their office premises as
most of the work will be done sitting at home.
Therefore, increasing investments in enhancement
of information technology platforms is expected
to beckon the global UV tapes market
forward. Explore the UV tapes market with
illustrative figures, data tables and the table
of contents. You can also find a detailed market
segmentation on https//www.futuremarketinsights.c
om/request-special-price/rep-gb-435 Competition
Landscape The global UV tapes market is
characterized by the presence of the following
market players Nitto Denko Corporation, Lintec
Chemicals, Furukawa Electric Co., Ltd., Sumitomo
Bakelite Co Ltd and Mitsui Chemicals. The raw
material suppliers include Henkel AG Company,
Dow Chemical Co and BASF SE.
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UV Tapes Market Analysis
The abovementioned market players primarily
concentrate on organic as well as inorganic
growth strategies to acquire a greater foothold
in the global landscape. These strategies include
product launches, patent and product approvals,
acquisitions, mergers, partnerships and
collaborations with other players. Additionally,
these players are also concentrating on
leveraging their supply chains to cater to the
increased demand for semiconductor chips in the
wake of rising demand for ICT devices. More
Insights on the UV Tapes Market FMI's study on
the UV tapes market puts forth an unbiased
analysis of the key dynamics shaping the growth
landscapes, including drivers, restraints and
opportunities for the period 2015-2020. Market
analysis has been done by virtue of dividing the
market into two major segments product type and
application. By product type, the market is
segmented into polyolefin (PO), polyvinyl
chloride (PVC), polyethylene terephthalate (PET)
and others (including phenolic films). In terms
of application, the market is divided into wafer
dicing, back-grinding and others (PCB grinding,
glass dicing, etc.). These segments have been
analyzed across four geographies Asia-Pacific
(Taiwan, China, Japan and Rest of Asia), North
America, Europe and Rest of the World.
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UV Tapes Market Analysis

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UV Tapes Market Analysis
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