Market News
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.