The global UV tapes market has witnessed growth in recent years, owing to its rapid growth of semiconductor and electronics industries in emerging economies. Among regions, Asia Pacific is expected to gain substantial growth in forthcoming years due to the presence of some key players in the electronics industry. There is a rise in demand for semiconductors and other electronic components which is expected to foster the demand for UV tapes in the next few years.
On basis of product type, the global UV tape market is bifurcated into polyethylene terephthalate (PET), polyolefin (PO), and polyvinyl chloride (PVC). Manufacturers are now preferring PO-based UV tapes over polyvinyl chloride (PVC), as polyolefin UV tapes are readily recyclable, have stronger adhesive strength, and show higher performance & durability in adverse atmospheric environments.
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