PUBLISHER: Allied Market Research | PRODUCT CODE: 1179730
PUBLISHER: Allied Market Research | PRODUCT CODE: 1179730
The global UV tape market was valued at $0.5 billion in 2021, and is projected to reach $1.0 billion by 2031, growing at a CAGR of 7.6% from 2022 to 2031.
UV tapes are also identified as UV protective tape, UV resistant poly tape, and others. It is mainly made up from polyester, PET, polyolefin, and PVC. This tape is constructed with aggressive weather resistant adhesives coated with flexible films, which holds an encapsulation of acrylic adhesive and UV materials and possess strong adhesion, due to which it caters applications to the various end-use industries such as semiconductor, automotive, building and construction, and others.
Growing population coupled with rapid urbanization, and growing consumer demand for vehicles have surged the growth of the automotive sector in both developed and developing economies, where UV tapes are widely used as automotive glazing and. In addition, UV tape has strong adhesion, resistant to high temperature, and waterproof, due to which it is most preferred tape in the automobile sector for automotive glazing and automotive under-hood applications. This is expected to boost the demand for UV tape in the growing automotive sector. In addition, emergence of various key players due to growing demand for UV tapes has enhanced the performance rate of the market, which is expected to propel the growth of the UV tape market.
However, strict government norms and regulations on polyolefin, PVC, and PET-based UV tape based UV tape product may hamper the market growth. In addition, fluctuation in the prices of UV tape will also affect the growth of the market. These factors are expected to hamper the growth of the UV tape market during the forecast period.
On the contrary, growing consumer demand for semiconductors, electronics devices, and rise in adoption of luxurious electronic devices has enhanced the demand for UV tapes in the growing electronics industry. It is used to protect surfaces of semiconductor wafer during backgrinding process and also helps in holding semiconductor wafer with ring frame during dicing process. This is anticipated to increase sales of UV tape in semiconductor sectors; thus creating lucrative opportunities for the market.
The UV tape market is segmented on the basis of product type, application, and region. On the basis of product type the market is divided into polyolefin based UV tape, polyethylene terephthalate-based UV tape, and polyvinyl chloride-based UV tape. On the basis of application, it is divided into electronics and semiconductor, automotive, flexographic printing, building & construction, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The global UV tape market profiles leading players that include, 3M, BASF SE, DuPont, Furukawa Electric Co. Ltd., H.B. Fuller, Henkel AG & Co. KGAA, Lintec of America Inc., Loadpoint, Minitron Elektronik GmbH, Mitsui Chemicals Inc., Nitto Denko Corporation, Pantech Tape Co. Ltd., Scapa, SPS Europe Inc., and Xiamen Aerchs Tape Solution Co. Ltd. The global UV tape market report provides in-depth competitive analysis as well as profiles of these major players
Key Benefits For Stakeholders
By Product Type
By Application
By Region