Global UV tapes market is expected to reach USD 677.2 million by 2025,
according to a new report by Grand View Research, Inc. Growing electronics and
semiconductor industries are expected to play key roles in the market growth
over the forecast period. Polyolefin was one of the primary raw material used
in manufacturing of UV tapes. These tapes were most widely used in 2015 on
account of high performance characteristics under extreme heat and pressure
conditions.
Growing demand for
miniaturized semiconductor and electronic components have driven the market for
ICs and micro-chips, further boosting the UV tapes industry. These tapes are
used for applications such as back grinding and wafer dicing, in the
semiconductor industry.
Access Research Report of UV Tapes Market@ www.grandviewresearch.com/industry-analysis/uv-tapes-market
Further key findings from the report suggest:
· Wafer dicing was the most dominant application
in 2015 owing to rapid electronics industry growth, as it involves sawing or
cutting of wafer into a precise size and shape for use in electronic devices
· The back grinding application accounted for
over 40% of the industry by value in 2015 due to growing demand for
compact-sized and powerful electronic devices such as smartphones and tablets
· The polyolefin (PO) UV tapes market was
valued at over USD 150 million in 2015 on account of their superior performance
as compared to other alternatives such as PVC and PO UV tapes
· PVC UV tapes held a share of over 20% by
value in 2015, as they are considered eco-friendly and can be easily recycled,
thus increasing their popularity over the past few years
· Asia Pacific is projected to witness the
highest CAGR of over 10% from 2016 to 2025 courtesy growing demand from its
booming electronics and semiconductor industries
· Electronic powerhouses such as China,
Taiwan, South Korea and Japan accounted for the majority of the market in the
Asia Pacific region in 2015 due to the presence of major electronics players
such as Toshiba, Pioneer, Samsung, Hitachi and Sharp
· Central & South America is projected to
witness the second-highest CAGR of over 9% from 2016 to 2025 on account of
growing demand from emerging countries in this region such as Brazil, Colombia,
and Argentina
· The industry is consolidated with a limited
number of manufacturers and distributors across the world with Furukawa
Electric Co. Ltd., Mitsui Chemicals, Lintec Corporation, and Nitto Denko
Corporation being the key players in 2015
· These players resorted to both, organic as
well as inorganic growth strategies, in order to enter new regions and increase
their respective market shares
Grand View Research has
segmented the global UV Tapes market on the basis of product, application and
region:
Product Outlook (Volume, Million Square Meters: Revenue,
USD Million, 2014 - 2025)
·
Polyolefin (PO) UV Tapes
·
Polyvinyl Chloride (PVC) UV Tapes
·
Polyethylene Terephthalate (PET) UV Tapes
·
Other UV Tapes
Application Outlook (Volume, Million Square Meters:
Revenue, USD Million, 2014 - 2025)
·
Wafer Dicing
·
Back Grinding
·
Others
Regional Outlook (Volume, Million Square Meters: Revenue,
USD Million, 2014 - 2025)
·
North America
o
U.S.
·
Europe
o
Germany
o
France
·
Asia Pacific
o
China
o
South Korea
·
Latin America
o
Brazil
·
Middle East & Africa
Access Press Release of UV Tapes Market@ www.grandviewresearch.com/press-release/global-uv-tapes-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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