The global UV tape market revenue was around US$ 0.5 billion in 2022 and is estimated to reach US$ 0.96 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.6% during the forecast period from 2023 to 2031.
UV tape is a self-adhesive, pressure sensitive, UV resistant, dicing tape, UV off the tape. It possesses strong chemical, adhesion, heat, waterproof quality, and abrasion resistance, due to which it is utilized in several end-use sectors such as building & construction, and semiconductors.
Market Driving Factors
The surge in investments in building infrastructure in nations such as China, Mexico, Japan, and India, has led the construction & building sector to witness significant growth where UV tape is utilized for indoor and outdoor applications, flooring, mounting walls, and roofing applications. Thus, this factor drives the market growth.
The growing semiconductor industry is predicted to increase the demand for UV tapes. UV tapes are utilized to laminate the semiconductor wafers to prevent them from grinding fluid exposure. UV tapes are based on polyester tape, which is utilized to hold semiconductor wafers with ring frames during the dicing process and cover the semiconductor wafer's surface during back grinding.
Government rules and regulations of UV tape products based on polyvinyl chloride (PVC), polyolefin, and polyethylene terephthalate (PET) may impede market expansion.
Regional Analysis
Asia Pacific is estimated to dominate the market. The utilization of UV tape in sectors such as electronics, semiconductors, integrated circuit (IC) packaging, and others are the main key trends in the region. In addition, the increasing chemical manufacturing, building & construction, automotive, marine, packaging, and other sectors have improved the performance of the UV tape. Furthermore, China's consumer electronics and printed circuits manufacturing sector is growing rapidly, which has enhanced the performance of the UV tape market in the region where it is utilized as a back-grinding wafer dicing process of semiconductors.
North America is anticipated to dominate the market. This region is expected to increase in accordance with the United States industry growth. The market in this region is projected to surge in line with the rising electronics industry and awareness regarding the benefits of UV tapes such as high heat resistance. In addition, it is anticipated that UV tape's recyclable nature will be a major factor in this region's growth.
Segmentation Insights
Product Type Insight
The polyethylene terephthalate-based UV tape segment was the largest revenue producer in the market. The increasing number of consumer products has raised the establishment of chemical industries in both developing and developed economies where PET-based UV tapes are broadly utilized for sealing applications in several industrial equipments. Therefore, this factor acts as a driving factor of the market expansion.
Application Insight
The electronics and semiconductors segment dominates the market. The technological advancement in the electronics industry and increasing demand for electronics-based devices have boosted the UV tape market. UV tapes are extensively utilized in cleaning and etching applications during the processing system and production of semiconductors. This is anticipated to improve the demand for UV tape in semiconductor applications.
Prominent Companies
Segmentation Outline
The global UV tape market segmentation focuses on Product Type, Application, and Region.
By Product Type
By Application
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL UV TAPE MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: UV TAPE MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL UV TAPE MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL UV TAPE MARKET, BY PRODUCT TYPE
5.1 OVERVIEW
5.2 POLYOLEFIN-BASED UV TAPE
5.3 POLYETHYLENE TEREPHTHALATE BASED UV TAPE
5.4 POLYVINYL CHLORIDE BASED UV TAPE
6 GLOBAL UV TAPE MARKET, BY APPLICATION
6.1 OVERVIEW
6.2 ELECTRONICS AND SEMICONDUCTORS
6.3 AUTOMOTIVE
6.4 FLEXOGRAPHIC PRINTING
6.5 BUILDING AND CONSTRUCTION
6.6 OTHERS
7 GLOBAL UV TAPE MARKET, BY GEOGRAPHY
7.1 OVERVIEW
7.2 NORTH AMERICA
7.2.1 NORTH AMERICA MARKET SNAPSHOT
7.2.2 U.S.
7.2.3 CANADA
7.2.4 MEXICO
7.3 EUROPE
7.3.1 EUROPE MARKET SNAPSHOT
7.3.2 WESTERN EUROPE
7.3.2.1 THE UK
7.3.2.2 GERMANY
7.3.2.3 FRANCE
7.3.2.4 ITALY
7.3.2.5 SPAIN
7.3.2.6 REST OF WESTERN EUROPE
7.3.3 EASTERN EUROPE
7.3.3.1 POLAND
7.3.3.2 RUSSIA
7.3.3.3 REST OF EASTERN EUROPE
7.4 ASIA PACIFIC
7.4.1 ASIA PACIFIC MARKET SNAPSHOT
7.4.2 CHINA
7.4.3 JAPAN
7.4.4 INDIA
7.4.5 AUSTRALIA & NEW ZEALAND
7.4.6 ASEAN
7.4.7 REST OF ASIA PACIFIC
7.5 MIDDLE EAST & AFRICA
7.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
7.5.2 UAE
7.5.3 SAUDI ARABIA
7.5.4 SOUTH AFRICA
7.5.5 REST OF MEA
7.6 SOUTH AMERICA
7.6.1 SOUTH AMERICA MARKET SNAPSHOT
7.6.2 BRAZIL
7.6.3 ARGENTINA
7.6.4 REST OF SOUTH AMERICA
8 GLOBAL UV TAPE MARKET COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING
8.3 KEY DEVELOPMENT STRATEGIES
8.4 COMPETITIVE DASHBOARD
8.5 PRODUCT MAPPING
8.6 TOP PLAYER POSITIONING, 2022
8.7 COMPETITIVE HEATMAP
8.8 TOP WINNING STRATEGIES
9 COMPANY PROFILES
9.1 PANTECH TAPE CO. LTD
9.1.1 OVERVIEW
9.1.2 FINANCIAL PERFORMANCE
9.1.3 PRODUCT OUTLOOK
9.1.4 KEY DEVELOPMENTS
9.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.2 SCAPA
9.2.1 OVERVIEW
9.2.2 FINANCIAL PERFORMANCE
9.2.3 PRODUCT OUTLOOK
9.2.4 KEY DEVELOPMENTS
9.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.3 NITTO DENKO CORPORATION
9.3.1 OVERVIEW
9.3.2 FINANCIAL PERFORMANCE
9.3.3 PRODUCT OUTLOOK
9.3.4 KEY DEVELOPMENTS
9.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.4 H.B. FULLER
9.4.1 OVERVIEW
9.4.2 FINANCIAL PERFORMANCE
9.4.3 PRODUCT OUTLOOK
9.4.4 KEY DEVELOPMENTS
9.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.5 BASF SE
9.5.1 OVERVIEW
9.5.2 FINANCIAL PERFORMANCE
9.5.3 PRODUCT OUTLOOK
9.5.4 KEY DEVELOPMENTS
9.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.6 SPS EUROPE INC
9.6.1 OVERVIEW
9.6.2 FINANCIAL PERFORMANCE
9.6.3 PRODUCT OUTLOOK
9.6.4 KEY DEVELOPMENTS
9.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.7 MINITRON ELEKTRONIK GMBH
9.7.1 OVERVIEW
9.7.2 FINANCIAL PERFORMANCE
9.7.3 PRODUCT OUTLOOK
9.7.4 KEY DEVELOPMENTS
9.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.8 THE 3M COMPANY
9.8.1 OVERVIEW
9.8.2 FINANCIAL PERFORMANCE
9.8.3 PRODUCT OUTLOOK
9.8.4 KEY DEVELOPMENTS
9.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.9 MITSUI CHEMICALS INC
9.9.1 OVERVIEW
9.9.2 FINANCIAL PERFORMANCE
9.9.3 PRODUCT OUTLOOK
9.9.4 KEY DEVELOPMENTS
9.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.10 FURUKAWA ELECTRIC CO. LTD
9.10.1 OVERVIEW
9.10.2 FINANCIAL PERFORMANCE
9.10.3 PRODUCT OUTLOOK
9.10.4 KEY DEVELOPMENTS
9.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.11 DUPONT
9.11.1 OVERVIEW
9.11.2 FINANCIAL PERFORMANCE
9.11.3 PRODUCT OUTLOOK
9.11.4 KEY DEVELOPMENTS
9.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.12 LINTEC OF AMERICA INC
9.12.1 OVERVIEW
9.12.2 FINANCIAL PERFORMANCE
9.12.3 PRODUCT OUTLOOK
9.12.4 KEY DEVELOPMENTS
9.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.13 HENKEL AG & CO. KGAA
9.13.1 OVERVIEW
9.13.2 FINANCIAL PERFORMANCE
9.13.3 PRODUCT OUTLOOK
9.13.4 KEY DEVELOPMENTS
9.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.14 LOADPOINT
9.14.1 OVERVIEW
9.14.2 FINANCIAL PERFORMANCE
9.14.3 PRODUCT OUTLOOK
9.14.4 KEY DEVELOPMENTS
9.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
9.15 XIAMEN AERCHS TAPE SOLUTION CO. LTD
9.15.1 OVERVIEW
9.15.2 FINANCIAL PERFORMANCE
9.15.3 PRODUCT OUTLOOK
9.15.4 KEY DEVELOPMENTS
9.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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