Thermal Release Tapes Market - Global Industry Analysis, Size, Share, Growth, Trend, and Forecast 2016 - 2024

Thermal Release Tapes Market - Global Industry Analysis, Size, Share, Growth, Trend, and Forecast 2016 - 2024

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Report Description

Thermal Release Tapes Market: Introduction 

Thermal release tape is the adhesive tape functional at room temperature and can be peeled off just by heating. Among many adhesive tapes utilized in industrial tapes market, thermal release tape holds an important area in the manufacturing processes of electronics components especially in the engineering of semiconductors. Thermal release tapes like most adhesive tapes adhere at any room temperature and gets quickly released by the application of heat. The primary characteristic of tape removal without damage present in the thermal release tapes makes it an attractive commodity for the electronics and semiconductor propelling the demand of thermal release tapes in the next few years.   

Thermal Release Tapes: Market Dynamics

The electronics industry has witnessed two-fold growth in the last decade and is estimated to gain substantial growth in the upcoming period. This is attributed to the growing usage of semiconductors in the electronics equipment sector. The advent of semiconductors aided in cost effective and efficient manufacturing processes, to meet the rising demand for electronics products. This, in turn, is anticipated to be the major driving factor for the growth of thermal release tapes market. Mounting competition in other industries like construction, automotive, electrical and aviation have compelled the market players to lower their production run time and effective utilization of resources. Such trends and tripping points, in turn, have expanded the scope of the thermal release tape, driving the demand throughout the forecast period. Moreover, factors such as digitalization, urbanization, increasing consumer spending power along with exponential growth for electronics goods is expected to stimulate the demand for the thermal release tape market worldwide. 

Hugh economic shifts and momentous changes in the global consumption pattern is driving demand for the smart products like electronic compliances at competitive prices. So, in turn, thermal release tapes manufacturers are compelled to lower the margins to sustain which is expected to augment the growth of the thermal release tape market during the forecast period. However, low penetration of electronic appliances in regions like Africa and Latin America and capital intensive nature of semiconductor manufacturing technology is anticipated to limit the growth of thermal release tape in emerging markets. However, the government initiatives, as well as growing investment activities in emerging markets for the electronics and semiconductor industries in the Middle East and ASEAN region, are anticipated to create new avenues of opportunities for the growth of thermal release tapes market. 

Thermal Release Tapes: Market Segmentation 

The global thermal release tapes market is segmented on the basis product type, application, substrate material and end-use. 

Based on the product type the global thermal release tapes market is segmented into:

  • Single coated adhesive tape
  • Dual coated adhesive tape

Based on the application, the global thermal release tapes is segmented into:

  • Roll type
  • Labeler type
  • Sheet type

Based on the substrate material type the global thermal release tapes market is segmented into:

  • PET
  • Polypropylene
  • PVC
  • Others

Based on the end-use, the global thermal release tapes is segmented into:

  • Semiconductor manufacturing sector
  • Electronic goods manufacturing sector
  • Other industrial goods manufacturing sector

Thermal Release Tapes Market: Regional Outlook

In terms of geography, the global thermal release tape market has been divided into five key regions including North America, Latin America, Europe, Asia-Pacific and the Middle East & Africa.  Asia-Pacific is expected to dominate the thermal release tape market throughout the forecast period and is projected to witness robust growth. This is primarily attributed to the increased demand for electronic appliances from China and India.  China is estimated to have over 70% of total semiconductor foundry in the world making it one of the major markets for the thermal release tapes manufacturers. Moreover, India is expected to be the next destination for semiconductor foundries as the government is focusing on enhancing electronics and manufacturing capabilities in the country. Mature markets like North America and Europe are expected to witness sluggish growth. Furthermore, BREXIT is anticipated to affect the overall European thermal release tape market. However, with future investments in the manufacturing sector, North America is expected to gain momentum in the later phase of the forecast period. The demand for thermal release tape in the Middle East and Africa is projected to remain slothful throughout the forecast period.   Nevertheless, the presence of GCC and Nigeria is anticipated to fuel the demand for electronic and other industrial appliances, which in turn is expected to boost the thermal release tapes market. 

Thermal Release Tapes Market: Key players

Some of the key players in the global thermal release tape market are ABBA Applied Technology Corporation, Nitto Denko Corporation, Semiconductor Equipment Corp., Chip Hua Equipment & Tools Pte Ltd., 3M, Dongguan Haixiang Adhesive Products Co., Ltd., Shanghai Huishi Package Material Co., Ltd., Huizhou King Bali Technology Co., Ltd. and Taixing Chuanda Plastic Co., Ltd. 

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections done using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, product type, material, application and end use. 

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain 

Regional analysis includes

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and geographies. 

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, and regional markets exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape. 

The study is a source of reliable data on:

  • Key market segments and sub-segments
  • Evolving market trends and dynamics
  • Changing supply and demand scenarios
  • Quantifying market opportunities through market sizing and market forecasting
  • Tracking current trends/opportunities/challenges
  • Competitive insights
  • Opportunity mapping in terms of technological breakthroughs 

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa) 

TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market. 

TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place.  All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.



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