Non-UV Dicing Tapes Market to Reach Valuation of USD 2,104.9 Million by 2028 – Increasing Technological Advancements Drives the Market

In terms of revenue, the Global Non-UV Dicing Tapes Market is expected to reach USD 2,104.9 Million by 2028, growing at a Compound Annual Growth Rate (CAGR) of 5.60% from 2022 to 2028.

The increasing demand for Non-UV Dicing Tapes in various applications, rising demand for low-cost devices globally, and the increasing use of the latest technologies are expected to fuel the market's growth over the estimated timeframe.

Key Highlights from Report:

• The PVC sub-segment, of the Material Type segment, held a significant share in 2021. This is attributable to its various benefits, such as unique high-temperature capability, outstanding expandability and stability, anti-static capability, anti-chipping, and stable and consistent peel strength.

• The Single-Sided sub-segment, of Coating Type segment, is expected to grow at a considerable Compound Annual Growth Rate (CAGR) during the forecast period. This is attributable to the increase in consumer choice for single-sided coated dicing tapes, mainly for semiconductors.

• Asia Pacific is expected to grow at the fastest Compound Annual Growth Rate (CAGR) during the forecast period. This is attributable to the increasing demand for compact semiconductors and the growing popularity of electronics products in this region. In addition, the rising requirement for electrical and electronic devices and numerous technical innovations will also create valuable opportunities for market growth in the area.

Market Dynamics:

The increasing demand for Non-UV Dicing Tapes in various applications is anticipated to augment the future growth of the Non-UV Dicing Tapes Market. This is attributable to the growing demand for high-performance electronics gadgets and other semiconductor devices and is anticipated to increase rapidly because of the need for Non-UV Dicing Tapes. Furthermore, the depletion in wafer thickness due to technological advancements and growing demand for compact, durable electronic products are expected to propel the market's growth during the forecast period. Furthermore, with the introduction of the latest technologies such as machine learning, artificial intelligence, Internet of Things, the need for robust semiconductors is on the rise, which is further expected to augment the growth of this market at a considerable rate.

The main hindering components to this market are the cost of raw materials, the consumption rate, high manufacturing costs, and highly competitive market players. The market is further propelled by the sweeping of numerous long-lasting electronic gadgets. Moreover, the increasing prevalence of thin electronic devices will boost the market's growth rate. Furthermore, the technological developments will also enhance the growth of the non-market shortly. The further considerable driver that will increase the market's growth rate is the increased demand for computers and other electrical devices.

North America held the most significant shares in 2021. This is attributable to the presence of manufacturers in economies such as China, Taiwan, and Japan. Moreover, these market players are anticipated to increase their presence in other regions, including Europe and America, due to the reality of developed manufacturing infrastructure in these regions. Additionally, the growing electronics consumables industry, in addition to advanced technology, is also expected to contribute to the growth of the market in the area during the forecast period.