UV Tapes Market 2017–2027
Ultra-Violet (UV) tapes are categorized under pressure-sensitive tapes that have high adhesion strength. UV tapes are mainly manufactured from Polyolefin (PO), Polyvinyl Chloride (PVC) or Polyethylene Terephthalate (PET) backing product along with acrylic adhesive in order to hold pieces of semiconductor in correct place. During fabrications of wafers these tapes temporarily prevent wafers against scratching and damage of surface during fabrication, storage, and shipping of semiconductor wafers. These tapes have strong adhesives strength and hold semiconductor wafers during grinding processes or dicing process. These tapes are also used in the glass dicing applications.
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).
Growing demand for semiconductor goods around the globe is predominantly fueling the market growth of UV tapes. As per World Semiconductor Trade Statistics, the global chip market is estimated to reach US$ 345 billion by 2015 end from US$ 333 billion in 2014. It is further forecast to witness a growth rate of 3.1% to reach US$ 355 billion by the end of 2016. Moreover, miniaturization of Electronics Devices due to technological advancement leading to ICs smaller is further anticipated to fuel the market growth of UV tapes.
Rising awareness regarding UV tapes across emerging countries such as in China, Taiwan, and Japan as these countries are experiencing the strong growth of the electronics industry is expected to foster market growth. Expanding distribution channel to supply UV tapes directly end-user industry such as electronic and medical is also anticipated to fuel the market growth of the UV tapes over the forecast timeframe.
Geographically, Asia-Pacific dominated the global UV tapes market in 2018, reporting 72.5% market share in terms of revenue, followed by North America and Europe, respectively.
Figure 1. Global UV tapes Market, Revenue Share (%), By Region, 2018
The high cost of the UV tapes is expected to restrict the adoption of the UV tapes across various end-user, this factor is projected to hamper the market growth of UV tapes. UV tapes are widely used across semiconductor due to their excellent adhesion properties, however, their demand are affected across some end-user industry because of their high cost which is projected to restrict the market growth of UV tapes over the forecast timeframe.
UV tapes are suitable for high volume packaging of dicing UV tapes and tape-less systems that use vacuum are mostly used for packaging of dicing in high volume. This factor is estimated to limit the adoption of the UV tapes, which is ultimately affecting the demand for
UV tapes. The aforementioned factors are projected to curb the market growth of UV tapes over the forecast period.
Rising adoption of PO and PET as carrier over PVC in UV tapes as they have a lower impact on the environment is expected to offer potential opportunities to the market of UV tapes. Moreover, PO and PET are easily recyclable as compared to PVC and also meet the strict environment standard for the manufacturing of integrated circuits (ICs). Additionally, growing demand for acrylic adhesive products for the production of UV tapes due to their excellent adhesive strength is further anticipated to fuel the market growth of UV tapes.
Growing usage of a static layer on UV tapes by the manufacturer as it eradicates the negative charges and protects wafers from damage is estimated to augment the market growth of UV tapes. At present these types of tapes are broadly used across dicing and back-grinding applications, as wafer materials becoming very delicate owing to reduced thickness is further raising their demand in the semi-conductor industry, thereby fueling the market growth of UV tapes.
Figure 2. Global UV tapes Market – Opportunity Analysis
The growing focus of manufacturers in developing innovations in UV tapes for improving properties such as high adhesion performance and easy peel-off for clean removal is anticipated to foster the market growth of UV tapes. For instance, in October 2015, Essentra Specialty Tapes has launched two families of double-sided tape particularly for adhering to UV-coated material to eliminate workarounds like spot coating that are needed to keep areas free for tape, these adhesives have been formulated with UV inhibitors for direct adhesion to UV-treated material.
Increasing investments by major players for increasing the production of UV tapes is a major trend that has been observed in the market and this is expected to fuel the market growth of UV tapes. For instance, in July 2019, Henkel Corporation has announced to invest up to the US$ 45 million to expand its operations in Salisbury, NC in production of new equipment and a series of improvements at its Salisbury facility, including a new state-of-the-art production area for UV Acrylic Adhesives used in tapes and labels within the packaging and consumer goods industry.
Figure 3. Global UV tapes Market, Revenue Share (%), By Application, in 2018
On the basis of application, in 2018, wafer dicing accounted the largest market share of 47.7% in terms of revenue, followed by back-grinding and others, respectively.
Figure 4. Global UV tapes Market – Value Chain Analysis
Key players active in the global UV tapes market are:
- The Furukawa Electric Co. Ltd
- Nitto Denko Corporation
- Mitsui Chemicals Group
- Lintec Corporation
- Sumitomo Bakelite Co. Ltd.
Raw Material Supplying Companies
- Henkel AG & Company, KGaA
- BASF SE