Pune, 25, Nov 2022: The Global UV Tape Market report, was published by Maximize Market Research, a leading Material & Chemical consultancy firm stated that the UV Tape Market size was valued at USD 1.02 Bn. in 2021, and the total UV Tape revenue is expected to grow at a CAGR of 7.4% from 2022 to 2029, reaching nearly USD 1.81 Bn in 2029. The research gives insight into industry trends, key sectors, and potential investments in various areas, demand and supply networks, regional contexts, and competitive conditions.
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UV Tape Market Scope and Research Methodology
The UV Tape Market report concentrated on the market’s overall drivers, opportunities, challenges, restraints, and current trends. The new product launches, biomedical engineering, key competitors, industrial chain structure, industry overview, industry national policy, planning analysis, and the most recent dynamic analysis are all included in the UV Tape Market research report. The bottom-up technique is used for a market estimate and forecasting. To validate the findings, data were obtained from a large sample utilizing both primary and secondary research methods.
UV Tape Market Overview
UV Tape is a type of adhesive tape that is used in the semiconductor manufacturing process. It is suitable for shielding the semiconductor wafer’s surface during back grinding and holding the semiconductor wafer with a ring frame during dicing. It is also appropriate for a broad range of workpieces such as ceramics, glass, sapphire, and so on. UV tapes are also used in wafer dicing, PCB grinding, and glass dicing. The demand for various UV tapes in the electronics sector, including polyester tape, acrylic foam tape, and polyolefin acid-proof lining, is fast expanding as a result of their applications and is likely to propel the global UV tape market during the forecast period.
UV Tape Market Dynamics
Increased infrastructure investment in economies such as the United States, China, and India has resulted in considerable growth in the building & construction industry, where UV tape is extensively used for flooring, indoor and outdoor applications, mounting walls, and roofing applications. Additionally, continued economic growth combined with a rise in consumer product demand has increased demand for UV tape, which is extensively utilized for UV and moisture protection applications in underhood parts, engine components, the interior of containers, and storage vessels. During the projected period, these factors are likely to contribute to global UV tape market growth.
However, severe government laws and regulations on polyolefin, PVC, and PET-based UV tape-based UV tape products may limit the market growth. Additionally, UV tape price variations are anticipated to have a negative influence on market growth. Additionally, the increasing usage of Polyvinyl Chloride-based UV Tapes offers a number of health and environmental hazards. During the forecast period, these factors are expected to limit the expansion of the UV tape market.
UV Tape Market Segmentation
- Polyolefin (PO)
- Polyvinyl Chloride (PVC)
- Polyethylene Terephthalate (PET)
- Foamed tapes
- Non-foamed tapes
- Thermally Conductive tapes
- Flame Retardant tapes
- Universal tapes
- Building & Construction
- Electricals & Electronics
UV Tape Market Regional Insights
Asia Pacific region held the largest share of 42% and is expected to grow at a CAGR of 7.2% during the forecast period. UV tape consumption is expected to increase in the region due to increased demand from various end-use sectors such as electrical and electronics in Asian economies such as India and China during the forecast period. The consumer electronics market is expected to grow at the highest CAGR by 2029, according to the Consumer Electronics and Appliances Manufacturers Association (CEAMA) and a consulting company.
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UV Tape Market Key Competitors:
- BASF SE
- Henkel AG & Company
- Sumitomo Bakelite Co. Ltd.
- Hitachi Chemical
- S3 Alliance
- Dou Yee
- Furukawa Electric
- Sumitomo Bakelite
- AI Technology
- Semiconductor Equipment
- Mitsui Chemicals, Inc.
- Sumitomo Bakelite Co. Ltd.
- Ultron Systems, Inc.
- Minitron Electronic GmbH
- Load point Limited
- Lintec Corporation
- Nitto Denko Corporation
- NEPTCO, Inc.
- Teraoka Seisakusho Co., Ltd.
Key questions answered in the UV Tape Market are:
- What is UV Tape?
- What is the growth rate of the UV Tape Market during the forecast period?
- What is the nature of competition in the UV Tape Market industry in developed economies and developing economies?
- Who are the key players in UV Tape Market?
- Who are the market leaders in UV Tape Market in Europe?
- Who are the market leaders in UV Tape Market in USA and Canada?
- Who are the market leaders in UV Tape Market in India, China, Japan, and South Korea?
- What are the factors affecting growth in UV Tape Market?
- Who held the largest market share in UV Tape Market?
- What are the factors for the growth of the Asia-Pacific region in the UV Tape Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Type, Product, Application, and Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading Material & Chemical research firm, has also published the following reports:
Waterproof Adhesives and Sealants Market: the Waterproof Adhesives and Sealants Market size was valued at USD 22.13 Bn. in 2021 and the market revenue is expected to grow at 6.2% from 2022 to 2029, reaching nearly USD 35.81 Bn. The rising demand for ceramic tiles, pre-finished panels, roofing, wall coverings, cement, pipe cement, flooring underlayment, countertop lamination, drywall lamination, HVAC, and other applications is expected to increase the global demand for construction adhesives and sealants.
Alkoxylates Market: The Alkoxylates Market size was valued at USD 7.20 Bn. in 2021 and the total Alkoxylates revenue is expected to grow at a CAGR of 5.4% from 2022 to 2029, reaching nearly USD 10.97 Bn. Ethoxylates are mostly non-ionic surfactants, therefore as the demand for non-rinse detergents rises, as a result, it also increases the need for ethoxylates and drives the alkoxylates market revenue growth.
Copper Market: Global Copper Market was valued at US $ 283.4 Billion in 2021, and it is expected to reach US $ 394.21 Billion metric tons by 2029 with a CAGR of 4.21% during the forecast period. increased infrastructure investment, particularly in developing countries, is expected to be beneficial for the copper market major players
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