UV Tapes Market Anticipated to Expand at Over 9% CAGR Through 2020; Future Market Insights
Future Market Insights has announced the addition of the "UV Tapes Market : Global Industry Analysis and Opportunity Assessment 2015 - 2020" report to their offering.
Valley Cottage, NY, May 31, 2015 --(PR.com)-- Future Market Insights (FMI), in its recent report titled, “UV Tapes Market: Global Industry Analysis and Opportunity Assessment 2015 -2020,” projects that the global UV Tapes market will be worth US$ 437.9 million by 2020. FMI’s analysis found that the global UV tapes market will expand at a CAGR of over 9% through 2020.
Robust Demand from Semiconductor Industry will boost the UV Tapes Market
UV tapes are being increasingly used in the semiconductor industry for back-grinding and wafer-dicing processes. The surge in consumer electronics market is expected to increase the demand for semiconductors. According to World Semiconductor Trade Statistics, the global chip market will grow by 3% through 2016 to reach a valuation of US$ 355 billion. Growing demand for semiconductors is anticipated to push the demand for UV tapes market globally.
Inefficiency of PSA tapes in high-temperature applications and concerns about their impact on the environment are other factors that are anticipated to provide a boost to the UV tapes market.
PO-based UV Tapes Have the Highest Demand
Among the various types of raw materials used for the manufacture of UV tapes, such as PO, PVC, PET, and acrylic adhesives, the demand for PO is anticipated to remain dominant through 2020. The market value of PO segment was worth US$ 166 million in 2015, and it is anticipated to reach a valuation of US$ 269 million by 2020.
Browse Full: "Global UV Tapes Market - Application analysis, competitive analysis, market value, company profile, industry growth, segment analysis, trends, geography, size, regional outlook, cagr, opportunity, share and forecast 2015 to 2020, Future Market Insights" Market Research Report at http://www.futuremarketinsights.com/reports/details/uv-tapes-market
Wafer-dicing & Back-grinding: Dominant Application Segments
Wafer-dicing and back-grinding are the two major application segments of UV tapes. The demand for UV tapes from both these end-use application segments is anticipated to remain strong during the forecast period (2015-2020), owing to sustained growth in the semiconductor processing industry. The market value of wafer-dicing segment is anticipated to be US$ 207.8 million by 2020 - which will be slightly more than the back-grinding application segment.
Furukawa Electric Co. Ltd., Nitto Denko Corporation, Mitsui Chemicals, Sumitamo Bakelite Ltd., and Lintec Corporation are the key companies in the global UV tapes market. Among these key companies, Furukawa Electric Co. Ltd. and Nitto have a strong presence in Taiwan and China, whereas Lintec Corporation is a dominant player in the Japanese UV market. These three companies collectively account for more than half of the market share of the global UV tapes market.
For key insights on the UV Tapes Market, request a sample at http://www.futuremarketinsights.com/reports/sample/rep-gb-435
Asia Pacific Dominates the UV Tapes Market
Region-wise, Asia Pacific dominates the UV tapes market in terms of value, and it is projected that it will continue to be the most dominant market through 2020 as well. The Asia Pacific UV tapes market is anticipated to witness a CAGR of 10.2% through 2020 and reach a valuation of US$ 323.5 million. Presence of large-scale commercial foundries and the growth in the consumer electronics segment are the two key drivers for the growth of the market. Other key region in terms of market value is North America, which is anticipated to expand at a CAGR of 6.8% through 2020. The North American UV tapes market is fuelled by growing investment in the semiconductor foundries, such as Intel.
About Us
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful and actionable research.
Contact
Ms Christina Johnsan
3rd Floor,
207 Regent Street,
London - W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
USA Tel: +1-347-918-3531
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com
Robust Demand from Semiconductor Industry will boost the UV Tapes Market
UV tapes are being increasingly used in the semiconductor industry for back-grinding and wafer-dicing processes. The surge in consumer electronics market is expected to increase the demand for semiconductors. According to World Semiconductor Trade Statistics, the global chip market will grow by 3% through 2016 to reach a valuation of US$ 355 billion. Growing demand for semiconductors is anticipated to push the demand for UV tapes market globally.
Inefficiency of PSA tapes in high-temperature applications and concerns about their impact on the environment are other factors that are anticipated to provide a boost to the UV tapes market.
PO-based UV Tapes Have the Highest Demand
Among the various types of raw materials used for the manufacture of UV tapes, such as PO, PVC, PET, and acrylic adhesives, the demand for PO is anticipated to remain dominant through 2020. The market value of PO segment was worth US$ 166 million in 2015, and it is anticipated to reach a valuation of US$ 269 million by 2020.
Browse Full: "Global UV Tapes Market - Application analysis, competitive analysis, market value, company profile, industry growth, segment analysis, trends, geography, size, regional outlook, cagr, opportunity, share and forecast 2015 to 2020, Future Market Insights" Market Research Report at http://www.futuremarketinsights.com/reports/details/uv-tapes-market
Wafer-dicing & Back-grinding: Dominant Application Segments
Wafer-dicing and back-grinding are the two major application segments of UV tapes. The demand for UV tapes from both these end-use application segments is anticipated to remain strong during the forecast period (2015-2020), owing to sustained growth in the semiconductor processing industry. The market value of wafer-dicing segment is anticipated to be US$ 207.8 million by 2020 - which will be slightly more than the back-grinding application segment.
Furukawa Electric Co. Ltd., Nitto Denko Corporation, Mitsui Chemicals, Sumitamo Bakelite Ltd., and Lintec Corporation are the key companies in the global UV tapes market. Among these key companies, Furukawa Electric Co. Ltd. and Nitto have a strong presence in Taiwan and China, whereas Lintec Corporation is a dominant player in the Japanese UV market. These three companies collectively account for more than half of the market share of the global UV tapes market.
For key insights on the UV Tapes Market, request a sample at http://www.futuremarketinsights.com/reports/sample/rep-gb-435
Asia Pacific Dominates the UV Tapes Market
Region-wise, Asia Pacific dominates the UV tapes market in terms of value, and it is projected that it will continue to be the most dominant market through 2020 as well. The Asia Pacific UV tapes market is anticipated to witness a CAGR of 10.2% through 2020 and reach a valuation of US$ 323.5 million. Presence of large-scale commercial foundries and the growth in the consumer electronics segment are the two key drivers for the growth of the market. Other key region in terms of market value is North America, which is anticipated to expand at a CAGR of 6.8% through 2020. The North American UV tapes market is fuelled by growing investment in the semiconductor foundries, such as Intel.
About Us
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
Our research services cover global as well as regional emerging markets such as GCC, ASEAN and BRICS. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology, Healthcare and Retail. FMI’s operating model blends cross-disciplinary research experience to deploy in-depth, insightful and actionable research.
Contact
Ms Christina Johnsan
3rd Floor,
207 Regent Street,
London - W1B 3HH
United Kingdom
T: + 44 (0) 20 7692 8790
D: +44 (0) 20 3287 4268
USA Tel: +1-347-918-3531
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com
Contact
Future Market Insights
Christina Johnsan
+1-347-918-3531
www.futuremarketinsights.com
Christina Johnsan
+1-347-918-3531
www.futuremarketinsights.com
Contact
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