Dicing Tapes Market Rise in Research and Developmental Activities to Boost the 2022-2026

 Dicing Tapes Market Outlook 2026

  • The global dicing tapes market was valued at US$ 1 Bn in 2021

  • It is estimated to expand at a CAGR of 6.5% from 2022 to 2026

  • The global dicing tapes market is expected to reach the value of US$ 1.5 Bn by the end of 2026

Burgeoning Use in Semiconductor Applications Propelling Market Growth

Dicing tapes are used in a wide range of applications, such as dicing for wafers, package substrates, glasses, and ceramics. These are increasingly gaining preference among semiconductor manufacturers due to easy removal of chips from wafers after the dicing process.

Dicing tape manufacturers offer UV and non-UV tapes. The UV dicing tape consists of a static layer, which eliminates negative charges and protects the wafers from damage, thereby, creating high demand over their counterparts. UV curable dicing tape has higher adhesive strength as compared to non-UV curable tape. Moreover, there are no contaminants being transferred to the wafer surface while using UV curable dicing tape.


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Stakeholders Use Government Stimulus Packages to Stay Financially Afloat during Coronavirus Pandemic

Even as manufacturers in the packaging industry have been working at break-neck speeds amid the ongoing coronavirus pandemic, their business activities have been affected, since the semiconductor industry has been struggling with raw material availability. Stakeholders in the dicing tapes market are taking advantage of government stimulus packages to stay financially afloat, as the semiconductor industry has been experiencing a shortage in chips. Business activities are estimated to return to normalcy by the end of 2022, owing to the risks of new infection variants such as Omicron and NeoCoV. Import and export of dicing tapes is projected to rise, due to increase in shipment and demand for electronic products.


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Miniaturization of Electronic Components Helps Trigger Demand for Dicing Tapes

The growing demand for aesthetically thin electronics has resulted in thinner and more delicate components. Such processes are fueling the demand for dicing tapes. Wafer component processing companies are increasingly inclining toward materials that have not only high additive and impact strength, but also curability that reduces when exposed to the UV light. Manufacturers in the dicing tapes market are looking to cater to these specific demands of end users, and are focusing on product innovation to include films that are flexible and expandable as well.

Stakeholders in the dicing tapes market, also mindful of the growing concerns of the negative impact of single-use plastic, are focusing on the research & development of products that use PET (Polyethylene Terephthalate), which has less of an impact on the environment for backing material. PET is gaining popularity, and the segment is expected to expand with a promising volume CAGR during the forecast period despite PO (Polyolefin) accounting for around two-third of the total dicing tapes market share by volume.


Get More Press Releases by TMR:https://www.globenewswire.com/news-release/2022/03/08/2398940/0/en/Fiber-Based-Packaging-Market-Bolsters-with-Rise-in-Demand-for-Environment-friendly-Products-States-TMR-Study.html


Availability of Low-cost Raw Materials in Asia Pacific to Benefit Stakeholders

Asia Pacific is witnessing a revolutionary development in the manufacturing of electronic devices. China has emerged as a prominent market for dicing tapes due to the increased production of consumer durable electronic goods (CDEG), thereby accounting for more than half of the total Asia Pacific market share in 2018. Moreover, growing manufacturing value added in China, which is around four trillion according to the World Bank, further drives the dicing tapes market.

The emergence of new technologies such as Internet of Things (IoT) & wearable technology, and immense increase in the scale of low-cost device usage are expected to boost the demand for semiconductors in various consumer durables. This, in turn, is likely to fuel the growth of the dicing tapes market during the forecast period. Therefore, increase in the demand for consumer durables, along with the availability of raw materials at lower prices, are key factors behind the surge in the demand for dicing tapes in Asia Pacific.


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