IMARC Group has recently released a new research study titled “UV Tapes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the UV tapes market?

The global UV tapes market size reached US$ 458.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 758.2 Million by 2028, exhibiting a growth rate (CAGR) of 8.67% during 2023-2028.

What are UV tapes?

UV Tapes refer to under-pressure sensitive tapes that are manufactured by using base polymer, oligomer, a photoinitiator, etc. They aid in coping with direct sunlight and other environmental factors. In addition to this, UV tapes provide a strong adhesive bond to various surfaces, thereby making them an ideal alternative to conventional duct tapes. They can be applied on ceramics, glass, sapphires, plastic workpieces, etc., that experience prolonged exposure to UV light. As such, UV tapes are extensively utilized for protecting the surface of semiconductor wafers during the back grinding process and keeping them along the ring frame during the dicing procedure.

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What are the growth prospects and trends in the UV tapes industry?

The widespread adoption of miniaturized consumer electronics, owing to the inflating disposable income levels of individuals and the rising popularity of smart homes, is propelling the demand for semiconductors, which is primarily driving the UV Tapes Market. Additionally, the growing digitization and the emerging trend of automation are augmenting the utilization of semiconductor memory in modern medical devices. This, in turn, is stimulating the global market.

Moreover, the increasing need for UV tapes to manufacture pipes, windows, open joint facades, and sealing around doors is acting as another significant growth-inducing factor.

Besides this, the development of innovative variants, including UV-activatable adhesive tape with color change features, is catalyzing the UV tapes market growth. Furthermore, the introduction of flexographic printing in flexible packaging that minimizes product wastage and extends the shelf-life of numerous food items is anticipated to fuel the UV tapes market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

• Polyolefin
• Polyvinyl Chloride
• Polyethylene Terephthalate
• Others

Breakup by Application:

• Wafer Dicing
• Back Grinding
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Who are the key players operating in the UV tapes industry?

The report covers the major market players including:

• AI Technology Inc.
• Chase Corporation
• Denka Company Limited
• Furukawa Electric Co. Ltd.
• LINTEC Corporation
• Loadpoint Ltd
• Minitron Elektronik GmbH
• Mitsui Chemicals
• Nitto Denko Corporation
• Sumitomo Bakelite Co. Ltd.
• Ultron Systems Inc.

Explore Full Report Description At: https://www.imarcgroup.com/uv-tapes-market

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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The post UV Tapes Market Set For Impressive Growth: Forecast Indicates 8.67% CAGR, Revenue To Reach US$ 758.2 Million By 2028 appeared first on i Business Day.