Global UV tapes market size 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.
For Full Research Report On UV Tapes Market Visit Here:
https://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
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/uv-tapes-market/request/rs1
Grand View Research has segmented
the global UV tapes market on the basis of product, application and region:
UV Tapes 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
UV
Tapes Application Outlook (Volume, Million Square Meters: Revenue, USD
Million, 2014 - 2025)
- Wafer Dicing
- Back Grinding
- Others
UV
Tapes Regional Outlook (Volume, Million Square Meters: Revenue, USD
Million, 2014 - 2025)
- North America
- U.S.
- Europe
- Germany
- France
- Asia Pacific
- China
- South Korea
- Latin America
- Brazil
- Middle East & Africa
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 info visit @ https://www.grandviewresearch.com
No comments:
Post a Comment