Non-UV Cutting Tape Market 2022 by Top Key Players, Types, Applications and Future Forecast to 2030 – Instant Interview
Non-UV die-cutting tapes are called the type of adhesive tapes mainly used to seal large size dies in the electronics industry. These tapes protect the semiconductor surfaces of wafers as they have the ability to provide high adhesion even when a surface is exposed to UV light. These cutting tapes are stretchable as they are made of non-halogen PET, PO and PVC.
The global non-UV cutting tape market is currently valued at USD 1.59 Billion and is projected to reach a valuation of USD 2.13 Billion by 2030, registering a CAGR of 6% over the forecast period 2022-2030.
What are the main growth determinants and constraints of the vertical industry?
The ability of these tapes to contribute to the production of energy-efficient electronic devices at an affordable cost primarily improves the prospects of this vertical business. At the same time, the booming energy of consumer electronics is adding impetus to the expansion of the market.
Also, the growing trends of miniaturization of electronic components to reduce the weight of electronic devices for easier transportation and portability are creating lucrative opportunities for the industry to thrive.
Also, the integration of advanced technologies in the field, rapid industrialization and growing disposable income levels of the masses are positively influencing the dynamics of this business sphere. Also, the growing internet penetration across the globe is increasing the demand for smart devices and wearables. This in turn is fueling the expansion of the global market for non-UV cutting tapes.
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Additionally, the growing focus of manufacturers on developing advanced products in the field is boosting the prospects of the industry vertical. At the same time, the growing awareness of the benefits of non-UV die-cutting tapes among end users is contributing to the growth of the market.
On the contrary, the volatility of commodity prices and the lack of favorable government incentives in various countries limit the scope of compensation for this vertical industry.
Segmented analysis of the market
According to the type of material, the field of activity is divided into PVC, PET, PO and others. The PO segment is expected to accumulate notable gains by 2030 due to its high durability as well as its resistance to pressure and temperature.
By thickness, the industry is fragmented into 85-125 microns, 126-150 microns, less than 85 microns and greater than 150 microns.
In terms of product, the market is categorized into UV curable dice type and UV curable dice type. The UV curable slicing type segment is expected to generate significant returns over the trial period as it provides high wafer security during slicing.
On the basis of application, the global non-UV die-cutting tape market is divided into wafer die-cutting, package die-cutting and others. The wafer cutting segment is expected to exhibit lucrative growth trends over the forecast period, owing to the increasing demand for durable consumer electronics.
Explain the geographic extent of this sphere of activity
North America, the Middle East and Africa, Europe, Asia-Pacific and Latin America are the main beneficiaries of the expansion of this vertical market. Of these, Asia-Pacific is expected to capture a substantial share of revenue over the 2022-2030 period. This is attributed to the rise of the consumer electronics industry, the availability of raw materials and low-cost labor, technological advancements in the field, as well as widespread industrialization. .
Overview of the competitive hierarchy of the market
The major players defining the competitive terrain of the global non-UV cutting tapes market are Nitto Denko Corp, Mitsui Chemicals Inc., Sumitomo Bakelite Co. Ltd., AI Technology, Inc., LINTEC Corporation, Denka Company Limited, Ultron Systems, Inc. . ., Pantech Tape Co. Ltd., QES GROUP BERHAD, Nippon Pulse Motor Taiwan, Loadpoint Limited., Daest Coating India Pvt. Ltd., Shenzhen Xinst Technology Co. Ltd. and Solar Plus Company.
The aforementioned companies continuously focus on amplifying their reach in the global market by developing effective strategies, including mergers and acquisitions, new product launches, R&D investments, collaboration agreements and partnerships.
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