UV Tape Market Market Research, 2031
The global UV tape market 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 UV protective tapes, UV resistant poly tapes, and others. These are mainly made 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, heat, chemical, UV, abrasion resistant, and waterproof quality due to which it caters applications to the various end use industries such as semiconductor, automotive, building and construction, and others.
Increase in investments in building infrastructure in countries such as the U.S., China, Japan, Mexico, and India, have led the building & construction sector to witness a significant growth where UV tape are used for flooring, indoor and outdoor applications, mounting wall, and roofing applications. In addition, sustainable economic growth coupled with increase in demand for consumer goods has led the automotive & transportation sector to witness a significant increase in demand where UV tape is widely used for UV and moisture protection applications in under hood parts, engine components, interior of containers, and storage vessels. These factors are predicted to contribute toward the global market growth.
However, strict government norms and regulations on the 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 may hamper the growth of the UV tape market during the forecast period.
On the contrary, emergence of UV tape in the electronics and medical industry have enhanced the performance of UV tape during the forecast period. Furthermore, several manufactures have increased their production capitates for UV tapes due to high demand in semiconductors, marine, electronics and others. For instance, UV resistant single coated polyethylene tape from Scapa Company, are widely used as safety measures, on shrink-wrapping and storage protection applications within the electronics and semiconductor sectors. This is anticipated to increase the sales of UV tape; thus, creating most lucrative opportunities for the market.
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 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 Asia-Pacific UV tape market size is projected to grow at the highest CAGR of 8.2% during the forecast period in 2021. The utilization of UV tape in the sectors such as semiconductors, electronics, IC packaging, and among others are the major key market trends in the Asia Pacific region. The rising building & construction, chemical manufacturing, marine, packaging, automotive, and other sectors have enhanced the performance of the UV tape in the Asia-Pacific region. China's consumer electronics and printed circuits manufacturing sector is increasing rapidly, which in turn has enhanced the performance of the UV tape market in the region where it is used as backgrinding wafer dicing process of semiconductor. Also, countries such as India and Australia are witnessing a rapid increase in transportation and automotive sectors where UV tape is employed as protective coating and automotive glazing to provide structural integrity in transportation equipment and reduces accidental events during night and increase their average lifespan.
In 2021, the polyethylene terephthalate based UV tape segment was the largest revenue generator, and is anticipated to grow at a CAGR of 7.7% during the forecast period. The growing consumer goods has surged the establishment of chemical industries in both developed and developing economies where PET based UV tapes are widely used for sealing applications in various industrial equipment. This may act as one of the key drivers for the growth of the PET based-UV tape market. Furthermore, growth in the building and construction industry and growing consumer demand for luxurious electronics items such as LCD, cellphone, LCD, IPAD for flat glass, glass cutting protection, circuit board cutting protection, touch screen protection and optical materials has enhanced the demand for PET based UV tape where it is used as backgrinding dicing process in electronics industry.
In 2021, the electronics and semiconductors segment was the largest revenue generator, and is anticipated to grow at a CAGR of 8.1% during the forecast period. The technological advancement in the electronics industry, and growing demand for electronics-based devices have driven the UV tape market. UV tapes are extensively used in etching and cleaning applications during the production and processing system of semiconductors. This is anticipated to enhance the demand for UV tape in semiconductors applications. Furthermore, the recent commercialization of nano-based devices has boosted the market potential for etching tapes. In response to this, the growing usage of semiconductors and integrated chips in the manufacturing of electrical components has driven the various types of UV tape in the market during the forecast period. The rising demand for semiconductors in LCD and LED sets have escalated the demand for PET, PVC and polyolefin based UV tapes.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the UV tape market analysis from 2021 to 2031 to identify the prevailing UV tape market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the UV tape market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global UV tape market trends, key players, market segments, application areas, and market growth strategies.
UV Tape Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 1 billion |
 Growth Rate | CAGR of 7.6% |
 Forecast period | 2021 - 2031 |
 Report Pages | 310 |
 By Product Type |
|
 By Application |
|
 By Region |
|
 Key Market Players | Lintec of America Inc., H.B.Fuller, Mitsui Chemicals Inc., Scapa, Xiamen Aerchs Tape Solution Co. Ltd., The 3M Company, BASF SE, Nitto Denko Corporation, SPS Europe Inc., Loadpoint, Pantech Tape Co. Ltd., Furukawa Electric Co. Ltd., Henkel AG and Co. KGAA, DuPont, Minitron Elektronik GmbH |
Analyst Review
According to CXOs of leading companies, the global UV tape market is expected to exhibit high growth potential. UV tapes are used in semiconductor industry for protecting the surface of semiconductor wafer during the process. It also used as protective coating and air tight sealing applications. It possess good adhesion, UV resistant, solvent, and chemical resistant owing to which it finds application in various end-use sectors such as building & construction, transportation, automotive, marine, flexographic printing, packaging, industrial, and others. In addition growing demand for auto components also driving the market growth where UV tapes are used for automotive glazing applications.
In addition, UV tape possesses excellent significant properties, such as high mechanical strength, adhesion to visibility, thermal resistance, chemical resistance, and UV resistance that makes it best suited for building and construction applications. Furthermore, factors such as flexibility in operation, ease of application, and minimal or no volatile organic compounds (VOCs) levels enhance performance of UV tape in several end-use industries. CXOs further added that sustained economic growth and development of the building & construction sector have increased the popularity of UV tape
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. These are the upcoming trends of UV Tape market in the world
Electronics & semiconductor is the leading application of UV Tape market
Asia-Pacific s the largest regional market for UV tape market.
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.
3M, BASF SE, DuPont, and H.B. Fuller, Henkel AG & Co. KGAA are the top companies to hold the market share in UV tape market
Loading Table Of Content...
