As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Release Tapes market is expected to grow at a healthy CAGR during the forecast period (2018-2028). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Release Tapes Market in the coming 10 years.
The report conducts an in-depth analysis into factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Release Tapes
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Release Tapes market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Release Tapes Market Takeaways and Projections
- The U.S. is expected to lead the North America Release Tapes market, projecting the fastest growth in the region between 2018 and 2028
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2028.
Report Benefits & Key Questions Answered
- Release Tapes Historical Market Analysis: The detailed survey by FMI, examines key factors in the Release Tapes market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Release Tapes market for the forecast period 2018-2028.
- Release Tapes Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Release Tapes for the assessment period. As per the study, the demand for Release Tapes will grow at a robust CAGR between 2018 and 2028.
- Release Tapes Market Trend Analysis: The latest study by FMI on the Release Tapes market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Release Tapes market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
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Release Tapes Market: Regional Outlook
Geographically, the global release tapes market has been divided into seven key regions – North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excl. Japan, Middle East & Africa, and Japan. Africa and Latin America region is expected to pose a high potential for the growth of the release tapes market as they have a relatively lower penetration of electronics, which is anticipated to improve during the forecast period.
This, in turn, will result in increased demand for release tapes in these markets. The Asia Pacific region is expected to be the fastest growing market for release tapes owing to the booming electronics manufacturing in the region. Governing bodies of various countries are taking initiatives to increase electronics manufacturing activities in their respective countries.
India, for instance, has allowed 100% Foreign Direct Investment (FDI) in the electronics sector. This is expected to create ample opportunities for the growth of the release tapes market in the region. Developed markets such as North America and Europe are expected to witness a steady demand for the release tapes during the forecast period.
While the electronics sector is expected to grow between 2% and 5% in 2018, the U.S. consumer electronics market is expected to witness above average growth of about 6% which is further expected to propel the demand for release tapes.
Release Tapes Market: Key players
Examples of some of the key players operating in the global release tape market are Toray Plastics Inc, Lintec of America, Inc., Mainelecom Co., Ltd., Airtech Advanced Materials Group, Nitto Denko Corporation, Semiconductor Equipment Corp., Shanghai Huishi Package Material Co., Ltd, and more. Many local and unorganized players are expected to contribute to the global release tapes market during the forecast period.
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 of the global release tapes market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with release tapes market attractiveness as per segments. The report also maps the qualitative impact of various factors on release tapes market segments and geographies.
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Release Tapes Market: Segmentation
Globally, the release tapes market has been segmented on the basis of product type, material, and end-use.
On the basis of product, the global release tapes market has been segmented into –
- Thermal Release Tapes
- Single-coated Adhesive Tapes
- Dual-coated Adhesive Tapes
- Back-grinding Tapes
- UV Tapes
- Non-UV Tapes
On the basis of material, the global release tapes market has been segmented into –
- Polyethylene terephthalate (PET)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Poly Tetra Fluoro Ethylene (PTFE)
- Polyethylene (PE)
On the basis of end use, the global release tapes market has been segmented into –
- Semiconductors
- Electronic Products
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