Published by Coherent Market Insights
Posted on September 21, 2021
The global UV tapes market is projected to reach US$ 817.0 million by the end of 2027, in terms of revenue, growing at CAGR of 9.4% during the forecast period (2019 to 2027).
UV tapes are pressure-sensitive tapes that have strong adhesion properties. In the electronics industry, these tapes are extensively used for wafer dicing, glass dicing, PCB grinding, and back grinding applications. Therefore, the growing electronics and semiconductor industries are expected to drive the UV tapes market growth. According to the semi.org (Semiconductor Equipment and Materials Institute or Semiconductor Equipment and Materials International), the global semiconductor market is expected to reach US$ 655.6 billion in 2025, compared to US$ 342.7 billion in 2015. UV Tape is adhesive tape for semiconductor process.
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The end-use industries such as automobiles, mobile devices, industrial machinery, information technology (IT), office automation, telecommunication equipment, and several other industries have applications for computing in some form or other and thereby necessarily have growing demand for semiconductors. This in turn is expected to accelerate the UV tapes market growth. UV tapes are made up of Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), or Polyolefin (PO) backing product along with acrylic adhesive to hold pieces of semiconductor in correct place. UV tapes help protect the wafer from surface damage and surface scratching during the shipping, storage, and fabrication of semiconductor wafers.
Semiconductors are the brains of modern electronics, enabling highly advanced technologies in computing, communications, transportation, and healthcare, among many other applications. Thus, with the growing demand for semiconductor goods worldwide, the demand for UV tapes is also increasing with a rapid pace, driving the UV tapes market growth. According to the Semiconductor Industry Association (SIA), the global semiconductor sales increased by 6.5% in 2020, demonstrating growing demand for chips across a range of end markets. UV tapes are also applicable for various work pieces such as sapphire, glass, ceramics, etc.
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Moreover, semiconductor and electronics manufacturers are increasingly adopting UV tapes as it eradicates the negative charges and protects wafers from damage, which in turn is also expected to increase the demand for UV tapes, thereby fueling the UV tapes market growth. Furthermore, manufacturers are focused on developing new and innovative tapes to improve its properties, such as easy peel-off for clean removal and high adhesion performance. Apart from this, UV tapes are known to exhibit superior performance in extreme heat and pressure. This in turn is anticipated to foster the UV tapes market growth.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post UV Tapes Market Share with CAGR of 9.4%, Size, Demand, Scope, Upcoming Trend, Global Forecast 2027 appeared first on Gatorledger.
The global UV tapes market is projected to reach US$ 817.0 million by the end of 2027, in terms of revenue, growing at CAGR of 9.4% during the forecast period (2019 to 2027).
UV tapes are pressure-sensitive tapes that have strong adhesion properties. In the electronics industry, these tapes are extensively used for wafer dicing, glass dicing, PCB grinding, and back grinding applications. Therefore, the growing electronics and semiconductor industries are expected to drive the UV tapes market growth. According to the semi.org (Semiconductor Equipment and Materials Institute or Semiconductor Equipment and Materials International), the global semiconductor market is expected to reach US$ 655.6 billion in 2025, compared to US$ 342.7 billion in 2015. UV Tape is adhesive tape for semiconductor process.
Get a Sample Copy + All Related Graphs & Charts: https://www.coherentmarketinsights.com/insight/request-sample/3371
The end-use industries such as automobiles, mobile devices, industrial machinery, information technology (IT), office automation, telecommunication equipment, and several other industries have applications for computing in some form or other and thereby necessarily have growing demand for semiconductors. This in turn is expected to accelerate the UV tapes market growth. UV tapes are made up of Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), or Polyolefin (PO) backing product along with acrylic adhesive to hold pieces of semiconductor in correct place. UV tapes help protect the wafer from surface damage and surface scratching during the shipping, storage, and fabrication of semiconductor wafers.
Semiconductors are the brains of modern electronics, enabling highly advanced technologies in computing, communications, transportation, and healthcare, among many other applications. Thus, with the growing demand for semiconductor goods worldwide, the demand for UV tapes is also increasing with a rapid pace, driving the UV tapes market growth. According to the Semiconductor Industry Association (SIA), the global semiconductor sales increased by 6.5% in 2020, demonstrating growing demand for chips across a range of end markets. UV tapes are also applicable for various work pieces such as sapphire, glass, ceramics, etc.
Request a Discount for this Report: https://www.coherentmarketinsights.com/insight/request-discount/3371
Moreover, semiconductor and electronics manufacturers are increasingly adopting UV tapes as it eradicates the negative charges and protects wafers from damage, which in turn is also expected to increase the demand for UV tapes, thereby fueling the UV tapes market growth. Furthermore, manufacturers are focused on developing new and innovative tapes to improve its properties, such as easy peel-off for clean removal and high adhesion performance. Apart from this, UV tapes are known to exhibit superior performance in extreme heat and pressure. This in turn is anticipated to foster the UV tapes market growth.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com
The post UV Tapes Market Share with CAGR of 9.4%, Size, Demand, Scope, Upcoming Trend, Global Forecast 2027 appeared first on Gatorledger.
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