The global UV Tapes Market is estimated to be valued at around USD 558.4 million in 2023 and is anticipated to progress at a healthy CAGR of 8.8% from 2023 to 2033. The UV tapes market is likely to reach USD 1,297.9 million by 2033.
Growing demand for UV tapes that are mainly used in the electrical and electronics industry and in the semiconductor process is expected to drive the global market. According to the latest research report published by Future Market Insights, the global market is anticipated to account for around 7-10% of the overall adhesives tapes market.
The market for UV tapes is anticipated to benefit from the growing preference for propylene oxide (PO) and polyethylene terephthalate (PET) as carriers over PVC, owing to their reduced environmental effect. Additionally, PO and PET meet the stringent environmental standards revolving around the production of integrated circuits and are easily recyclable compared to PVC (ICs). The market is also predicted to grow due to the increasing demand for acrylic adhesive products due to their exceptional strength.
Moreover, the UV Tapes market is expected to develop at a rapid pace as a result of the rising use of static layers by manufacturers since they eliminate negative charges and safeguard wafers from harm. Since wafer materials are becoming increasingly sensitive due to lower thickness, these tapes are widely used throughout dicing and back-grinding applications, boosting the global market.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 8.8% |
| Market Valuation (2023) | USD 558.4 million |
| Market Valuation (2033) | USD 1,297.9 million |
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Demand for UV tapes grew at 9.0% CAGR between 2018 and 2022. The market secured a valuation of USD 362.9 million in 2018 and USD 512.3 million in 2022. Considering the industries served, consumption of UV tapes is uneven depending on the demand from electrical and electronics, as well as building and construction sectors.
Demand for UV tapes is expected to rise over the assessment period and exhibit a CAGR of 8.6% between 2022 and 2032. Rapid inclination towards working from home is projected to drive the demand for electronic devices worldwide. It is anticipated to further generate a high demand for semiconductor chips, pushing UV tape sales.
Rapid Expansion of the Semiconductor Industry
According to the World Semiconductor Trade Statistics (WTSS), the global semiconductor demand is anticipated to witness a 13.9% surge in 2022. UV tapes play a major role in the semiconductor industry owing to their increasing utilization as a semiconductor manufacturing adhesive tape. During the dicing process, these tapes hold the semiconductor wafer with a ring frame. They can also be used to protect the surface of the semiconductor wafer during the backgrounding process.
The Internet of Things (IoT) is expected to be another significant semiconductor development area during the forecast period. Increasing demand for vehicles equipped with airbags, powertrain, telematics, and infotainment systems would also push sales of UV tapes. Besides, the ongoing development of mobile telecommunication, including the 5G network, is likely to expand the field of semiconductors, thereby driving the global market.
Increasing Use in Building and Construction Sector
High demand for bigger homes with top-notch facilities owing to the increasing inclination of consumers towards luxury living is anticipated to drive the need for electronics. Flashing tape producers pay more attention to UV-cured acrylic adhesives as they provide better all-around performance and longer lifespans than synthetic rubber and rubberized asphalt adhesives.
UV tapes can endure prolonged outdoor exposure. They can also provide a watertight seal and have great conformability. These can further protect painted metal roofing, building panels, aluminum extrusions, vinyl, and aluminum windows & frames, glass for windows & doors, garage door panels, and vinyl & painted metal windows & frames.
The blue tint of UV tapes allows for visual inspection, and they can cling to metal, plastic, and glass surfaces. Consequently, the building and construction sector is anticipated to push the demand for UV tapes.
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Polyvinyl chloride is the foundation of UV tapes. Lead, phthalates, cadmium, and organotin are some toxic substances in polyvinyl chloride. High levels of polyvinyl chloride exposure have been linked to an increased risk of lymphoma, liver cancer, lung, brain, and leukemia.
Plastic made of polyvinyl chloride is poisonous and harmful to the environment. Thus, using polyvinyl chloride to produce UV tapes may inhibit market expansion due to its various health and environmental impacts.
UV Protection Tapes Made of Polyolefin to Exhibit High Demand
Polyolefin (PO) dominated the global market, accounting for a significant share of
43.7% of the global market. Acrylic foam tape is used to coat polyolefin UV tapes.
Compared to other options like polyvinyl chloride, polyolefins perform better in flexibility, toughness, and durability. The adhesive strength of polyolefin UV tapes is greater, and they offer exceptional durability under unfavorable atmospheric conditions.
Key applications of polyolefin UV tapes are the protection of circuit board cutting, touch screen protection, and the supply of optical materials. Therefore, polyolefin UV tapes are necessary for wafer dicing as the demand for semiconductor components is growing quickly. The Semiconductor Industry Association (SIA) reports that as of 2021, the Americas (33.5%), Europe (32.3%), Japan (24.5%), and China (24.0%) exhibited a rise in terms of semiconductor sales year over year.
Manufacturers to Use UV Blocking Tapes for Wafer Dicing
One of the great challenges in the semiconductor wafer fabrication industry is the production of thin wafers. Generally, silicon wafers are as thin as 40 microns, and ultra-thin silicon wafers are 20 microns. UV tapes contribute significantly during the back-grinding process, which is a part of the manufacturing process of ultra-thin silicon. Water dicing is estimated to capture a share of 54.2% of the global market by 2033.
As a result, UV tape application for this process is gaining considerable preference across the wafer fabrication industry. Ultra-thin wafers significantly produce energy-efficient end-use devices without incurring higher switching costs. It, in turn, is leading to a shift in demand from thin silicon wafers to ultra-thin silicon wafers.
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| Countries | Market Value Share in 2023 |
|---|---|
| United States | 31% |
| Germany | 12.3% |
| Japan | 5.1% |
| Australia | 4.0% |
| Countries | Market CAGR Value in 2023 |
|---|---|
| China | 10.5% |
| India | 9.0% |
| United Kingdom | 8.3% |
Chinese Electronics Suppliers Are Increasingly Using UV Resistant Tapes
China is the world's leading consumer electronics producer, particularly in the brown goods product group. It has one of the largest electronics manufacturing ecosystems and supply chains in the whole world, with over 150 million manufacturing employees and more than five times as many electronics suppliers as Japan.
UV tapes offer an advantage over solution-based adhesives as solution-based adhesives can trap solvents, moisture, tackifiers, or monomers, which is estimated to release gases when electronic devices heat up. By electronic manufacturers and converters, UV adhesive tapes can be convincingly applied to conductive inks, printed circuits, membrane switches, or flexible circuit sandwiches. They can also be used for device sealing and assembly, spacer tapes, and electroluminescence.
With the advantages offered by UV tapes in the electrical industry, China is anticipated to create multiple opportunities in the market. The increasing adoption of semiconductors in the automobile industry is also expected to boost UV tape consumption in China. Thus, the country is expected to witness a significant CAGR of 10.5% in the global market during the forecast period.
UV Resistant Clear Tapes to Gain Traction among USA-based Semiconductor Chip Producers
The automotive sector is anticipated to be a key driver of economic growth in the United States. Original equipment manufacturers (OEMs) have expanded their manufacturing processes in the country to focus on the most profitable and popular techniques that require UV cassettes in the semiconductor chip.
Increasing usage of semiconductor chips in air conditioning systems and radio touchscreen infotainment has gained traction, which would propel the demand for UV tapes. The United States is expected to thus remain one of the leading countries to hold nearly 31% of the value share in the global market.
Key players in the global market are adopting alternative distribution channels, such as online platforms, to strengthen their presence across various regions worldwide. The majority of the key players are focusing on sustainability, whereas some of the other companies are aiming to expand their existing manufacturing sites to meet the high demand from the semiconductor industry.
Some of the key industry developments are:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Product Type, Application, Region |
| Key Companies Profiled | BASF SE; Henkel AG & Company; The Furukawa Electric Co. Ltd; Mitsui Chemicals Group; AI Technology Inc.; Denka Company Limited; Ultron Systens Inc.; Nitto Denko Corporation; Lintec Corporation; Sumitomo Bakelite Co. Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is forecast to register a CAGR of 8.8% through 2033.
The market size is estimated to reach USD 558.4 million by 2023-end.
Growing preference for propylene oxide (PO) and polyethylene terephthalate (PET) as carriers over PVC increases market demand.
From 2018 to 2022, the market grew at a CAGR of 9%.
The rapid expansion of the semiconductor industry and increasing use in the building and construction sector are popular trends.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Polyolefin (PO) 5.2. Polyethylene Terephthalate (PET) 5.3. Polyvinyl Chloride (PVC) 5.4. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Wafer Dicing 6.2. Back-grinding 6.3. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. BASF SE 17.2. Henkel AG & Company 17.3. The Furukawa Electric Co. Ltd 17.4. Mitsui Chemicals Group 17.5. AI Technology Inc. 17.6. Denka Company Limited 17.7. Ultron Systems Inc. 17.8. Nitto Denko Corporation 17.9. Lintec Corporation 17.10. Sumitomo Bakelite Co. Ltd. 18. Assumptions & Acronyms Used 19. Research Methodology
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UV Tapes Market
