UV Tapes Market

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UV TAPES MARKET ANALYSIS

• UV Tapes Market, By Product Type (Polyolefin
  (PO), Polyethylene Terephthalate (PET), Polyvinyl
  Chloride (PVC), Others), By Application (Wafer
  Dicing, Back-grinding, Others), and By Region
  (North America, Latin America, Europe, Asia
  Pacific, Middle East Africa) - Size, Share,
  Outlook, and Opportunity Analysis, 2019 - 2027

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• Ultra-Violet (UV) tapes are categorized under
  pressure-sensitive tapes that have high adhesion
  strength. UV tapes are mainly manufactured from
  Polyolefin (PO), Polyvinyl Chloride (PVC) or
  Polyethylene Terephthalate (PET) backing product
  along with acrylic adhesive in order to hold
  pieces of semiconductor in correct place. During
  fabrications of wafers these tapes temporarily
  prevent wafers against scratching and damage of
  surface during fabrication, storage, and shipping
  of semiconductor wafers. These tapes have strong
  adhesives strength and hold semiconductor wafers
  during grinding processes or dicing process.
  These tapes are also used in the glass dicing
  applications.
• The global UV tapes market is projected to
  reach US 817.0 million by the end of 2027, in
  terms of revenue, growing at CAGR of 9.4 during
  the forecast period (2019 to 2027).
• Drivers
• Growing demand for semiconductor goods around the
  globe is predominantly fueling the market growth
  of UV tapes. As per World Semiconductor Trade
  Statistics, the global chip market is estimated
  to reach US 345 billion by 2015 end from US 333
  billion in 2014. It is further forecast to
  witness a growth rate of 3.1 to reach US 355
  billion by the end of 2016. Moreover,
  miniaturization of Electronics Devices due to
  technological advancement leading to ICs smaller
  is further anticipated to fuel the market growth
  of UV tapes.

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Figure 1.  Global UV tapes Market, Revenue Share
(), By Region, 2018
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• Market Restraints
• The high cost of the UV tapes is expected to
  restrict the adoption of the UV tapes across
  various end-user, this factor is projected
  to hamper the market growth of UV tapes. UV tapes
  are widely used across semiconductor due to their
  excellent adhesion properties, however, their
  demand are affected across some end-user industry
  because of their high cost which is projected to
  restrict the market growth of UV tapes over the
  forecast timeframe.
• UV tapes are suitable for high volume packaging
  of dicing UV tapes and tape-less systems that use
  vacuum are mostly used for packaging of dicing in
  high volume. This factor is estimated to limit
  the adoption of the UV tapes, which is ultimately
  affecting the demand for 
• UV tapes. The aforementioned factors are
  projected to curb the market growth of UV tapes
  over the forecast period.

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• Market Opportunities
• Rising adoption of PO and PET as carrier over PVC
  in UV tapes as they have a lower impact on the
  environment is expected to offer potential
  opportunities to the market of UV tapes.
  Moreover, PO and PET are easily recyclable as
  compared to PVC and also meet the strict
  environment standard for the manufacturing of
  integrated circuits (ICs). Additionally, growing
  demand for acrylic adhesive products for the
  production of UV tapes due to their excellent
  adhesive strength is further anticipated to fuel
  the market growth of UV tapes.
• Growing usage of a static layer on UV tapes by
  the manufacturer as it eradicates the negative
  charges and protects wafers from damage
  is estimated to augment the market growth of UV
  tapes. At present these types of tapes are
  broadly used across dicing and back-grinding appli
  cations, as wafer materials becoming very
  delicate owing to reduced thickness is further
  raising their demand in the semi-conductor
  industry, thereby fueling the market growth of UV
  tapes. 

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Figure 2. Global UV tapes Market Opportunity
Analysis
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• Market Trends
• The growing focus of manufacturers in developing
  innovations in UV tapes for improving properties
  such as high adhesion performance and easy
  peel-off for clean removal is anticipated to
  foster the market growth of UV tapes. For
  instance, in October 2015, Essentra Specialty
  Tapes has launched two families of double-sided
  tape particularly for adhering to UV-coated
  material to eliminate workarounds like spot
  coating that are needed to keep areas free for
  tape, these adhesives have been formulated with
  UV inhibitors for direct adhesion to UV-treated
  material.
• Increasing investments by major players for
  increasing the production of UV tapes is a major
  trend that has been observed in the market and
  this is expected to fuel the market growth of UV
  tapes. For instance, in July 2019, Henkel
  Corporation has announced to invest up to the US
  45 million to expand its operations in Salisbury,
  NC in production of new equipment and a series of
  improvements at its Salisbury facility, including
  a new state-of-the-art production area for UV
  Acrylic Adhesives used in tapes and labels within
  the packaging and consumer goods industry.

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Figure 4. Global UV tapes Market Value Chain
Analysis
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• Competitive Section
• Key players active in the global UV tapes market
  are
• Manufacturing Companies
• The Furukawa Electric Co. Ltd
• Nitto Denko Corporation
• Mitsui Chemicals Group
• Lintec Corporation
• Sumitomo Bakelite Co. Ltd.
• Raw Material Supplying Companies
• Henkel AG Company, KGaA
• BASF SE

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