Global UV tapes market is expected to witness substantial growth over the upcoming years owing to its use for shielding semiconductor wafers against grinding and breaking. Growing usage in wafer back grinding, package dicing and wafer dicing is expected to further propel the demand for UV tapes. Increasing use of UV tapes owing to strong adhesive strength saves cost and improves quality of semiconductor processing, which is expected to aid market growth. Rising demand for miniaturization of electronic devices and consumer electronics is expected to drive the demand for semiconductors which will lead to growth of UV tapes market over the next seven years. Technological advancements in the UV tapes are expected to further contribute towards the market growth over the next six years. UV tapes fall under the class of pressure sensitive adhesives (PSA) and are generally thinner than conventional PSA. Raw materials used for manufacturing UV tapes include polyolefin, PVC and polyethylene. However, rising cost of UV tapes as compared to non-UV tapes along with its undesirable effects on materials including rubber and polyethylene are expected to restrain market growth over the next seven years.
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UV tapes have various applications including consumer electronics, miniaturization of electronic devices, back grinding & dicing process in semiconductor processing. Increasing applications in automotive, construction, aerospace, industrial, packaging and medical applications are expected to surge the demand over the forecast period. In addition, its prevailing advantages including easy die-pick-up and non-contamination with harmful ionic substances are expected to uplift the market growth over next seven years. Moreover, governments in China and Taiwan are concentrating on sustainable development and have framed regulations which are expected to serve as a catalyst for increasing demand. Furthermore, the escalating demand for compact electronics devices is expected to propel UV tapes market growth. In addition, UV tapes demand is anticipated to witness growth owing to its use in the camera lenses production over the forecast period.
Asia Pacific is expected to witness rapid market growth over the forecast period on account of fast growing semiconductor industry along with favorable government policies mainly in China. In addition, Taiwan is expected to supplement market growth owing to the presence of world’s largest semiconductor factories such as UMC Powerchip and the Taiwan Semiconductor Manufacturing Company Ltd. Growing demand for consumer durables coupled with improving semiconductor production conditions is expected to boost the market in rest of the Asia Pacific. North America is expected to grow both in production and consumption of UV tapes mainly on account of growth in automotive, aerospace, construction and industrial applications. Spain, UK and Germany are expected to contribute majorly towards the market demand in Europe owing to favorable government policies and regulations coupled with growth in automotive &industrial sectors over the next seven years.
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