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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. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

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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Thermal Release Tapes Market

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