UV TAPES MARKET ANALYSIS

Uv Tapes MarketSize and Trends

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.

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.

Market- Trends

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.