UV TAPES MARKET ANALYSIS

The UV tapes market is projected to reach US$ 1,044.3 million by the end of 2030, in terms of revenue, growing at a CAGR of 9.20% during the forecast period (2023 to 2030). During the fabrication of wafers, these tapes temporarily prevent wafers from scratching and damaging surface during the fabrication, storage, and shipping of semiconductor wafers. These tapes have strong adhesives strength and hold semiconductor wafers during grinding processes or dicing processes. These tapes are also used in glass dicing applications.

Global UV Tapes Market: Growth Drivers

Demand for semiconductor goods

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, the 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

Rising awareness regarding UV tapes across emerging countries such as China, Taiwan, and Japan as these countries are experiencing strong growth in the electronics industry is expected to foster market growth. Expanding distribution channels to supply UV tapes directly to end user industries such as electronics and medical is also anticipated to fuel the market growth of UV tapes over the forecast timeframe.

Global UV Tapes Market: Market Restraints

High cost of the UV tapes

The high cost of UV tapes is expected to restrict the adoption of UV tapes across various end user industries, this factor is projected to hamper the market growth of UV tapes. UV tapes are widely used across semiconductors due to their excellent adhesion properties, however, their demand is affected across some end user industries because of their high cost which is projected to restrict the market growth of UV tapes over the forecast timeframe.

Global UV Tapes Market: Market Segmentation

On the basis of application, in 2022, wafer dicing accounted for the largest market share of 47.7% in terms of revenue, followed by back-grinding and others, respectively. 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 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.

Figure 1. Global UV Tapes Market, By application, 2022

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Global UV Tapes Market: Regional Analysis

Geographically, Asia Pacific dominated the UV tapes market in 2022, reporting 44% market share in terms of revenue, followed by North America and Europe, respectively. 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 semiconductor industry, thereby fueling the market growth of UV tapes.

Figure 2. Global UV Tapes Market, By Region, 2022

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Global UV Tapes Market: Recent Developments

• In May 2022, to secure a steady supply of tape for semiconductor processes, Furukawa electric Co. Ltd. announced its plans to invest approximately JPY 7.0 Billion to boost the manufacturing capacity at the Mie Works. Operations are scheduled to begin in April 2025.
• In June 2021, Henkel declared that it is increasing its production capabilities and UV acrylic hotmelt pressure-sensitive adhesives product line (PSA). The decision is consistent with the company’s strategic focus on sustainability and would help in resolving capacity issues that it had previously encountered along with rising demand for UV-curable PSAs.

Global UV Tapes Market: Key Companies

Key players active in the UV tapes market are:

Manufacturing Companies

• The Furukawa Electric Co. Ltd
• Nitto Denko Corporation
• Mitsui Chemicals Group
• Lintec Corporation
• Sumitomo Bakelite Co. Ltd.

*Definition: 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 products along with acrylic adhesive in order to hold pieces of semiconductor in the correct place.