UV Tapes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

UV Tapes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global UV tapes market size reached US$ 458.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 758.2 Million by 2028, exhibiting a growth rate (CAGR) of 8.8% during 2022-2028.

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:

IMARC Group 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 2023-2028. 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 2023-2028?

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?