San
Francisco, 06 December 2018, 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 Full Research
Report On UV Tapes Market Analysis:
www.grandviewresearch.com/industry-analysis/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
Browse More Reports Of This Category By Grand View
Research At: www.grandviewresearch.com/industry/semiconductors
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 Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-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.
For more information: www.grandviewresearch.com/
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