UV Tapes Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts
Future Market Insights (FMI), in its recent report titled, “UV Tapes Market : Global Industry Analysis and Opportunity Assessment”, projects that the global UV Tapes market will exhibit a CAGR of 9.3 % during 2015 to 2020.
UV tapes are a type of pressure-sensitive tapes with high
adhesion strength, which reduces drastically on exposure to UV light, thereby
allowing clean and easy removal of semiconductor chips after it has fulfilled
its purpose. During fabrication, storage, and shipping of semiconductor wafers,
these tapes temporarily protect wafers against scratching and surface damage.
These are produced from PVC, PET, or PO backing material with acrylic adhesive
to hold pieces of semiconductor (dies) in place. These tapes are generally
thinner as compared to other tapes, which vary from between 70 to 150
micrometers.
The report analyses the global UV tapes market in terms of
market value (US$ Mn) by applications, region and product type and provides
information regarding market dynamics, value chain, competitive landscape,
current trends, market estimations and forecast.
As of 2014, UV tapes accounted for less than 1% of the
global PSA tapes market in terms of volume and value. Increase in demand for
consumer electronics coupled with miniaturization of electronic devices is
driving the demand for semiconductors that leads to growing demand for UV
tapes. Various governments in Asia Pacific are focusing on sustainable
development and have formulated the regulations for same. These regulations and
initiatives are identified as underlying driving factors of the market. On the
flipside, high cost of UV tapes than non-UV tapes is a minor restraint in the
UV tapes market.
From regional perspective, Asia Pacific and North America
represented prominent markets for global UV tapes market in 2014. In terms of
market value, Asia Pacific is projected to account for 5.4X higher revenue than
North America by the end of forecast period 2020. Presence of large scale
semiconductor foundries in Asia Pacific is the prime reason behind the surge in
demand for UV tapes in this region. Asia Pacific is expected to be the largest
market for UV tapes in terms of value, followed by North America and Europe.
From product type perspective, polyolefin-based UV tapes are
expected to register highest CAGR followed by polyvinyl chloride (PVC) and
polyethylene terephthalate (PET). While polyolefin-based UV tapes are projected
to be the largest market segment by the end of forecast period, PVC is
anticipated to witness 1.5X growth in its revenue by the end of forecast
period.
From application type perspective, UV tapes market has been
segmented into wafer dicing, back-grinding and others. Wafer dicing and
back-grinding are two subsequent procedures applied in semiconductor
processing. It is due to this that UV tapes in both application account for
nearly same market share, however both are projected to lose market share to
other applications that include aerospace and telecommunication. Wafer dicing
and back-grinding are expected to exhibit a CAGR of 9.2% during the forecast
period.
Key market participants covered in the report include UV
tape manufacturers and raw material suppliers. Furukawa Electric Co., Ltd.
Nitto Denko Corporation, Mitsui Chemicals, Lintec Chemicals, and Sumitomo
Bakelite Co. Ltd. are key manufacturers, while BASF SE, Henkel AG & Company
and Dow Chemical Co are some of the key raw material suppliers covered under
this research report.
Read Full Report - https://www.futuremarketinsights.com/reports/uv-tapes-market
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