ALBANY, New York, March 11, 2020
ALBANY, New York, March 11, 2020 /PRNewswire/ -- Widespread demand for dicing tapes for semiconductor wafer dicing has spiraled from the rising application in consumer electronics world over. This aside, growing use of the products for the dicing of packaging, glass, and ceramics strengthens revenue generation in the global dicing tapes market.
A new TMR study finds that the global market is expected to clock a CAGR of ~6% from 2019 to 2027 (the forecast period). The global valuation in 2018 stood at ~US$ 0.875 bn, and is anticipated to reach worth of ~US$ 1.5 bn by the period-end.
"Analysts at Transparency Market Research note that constant efforts by manufacturers to meet the proliferating demand for flexible and stretchable tapes in the electronics and electrical industries fuel the dicing tapes market to expand at moderate pace through 2027. Such efforts will also define the pace of product innovation in forthcoming years."
Key Findings of Dicing Tapes Market Study
Explore 158 pages of top-notch research, incisive insights, and detailed country-level projections. Gain business intelligence on Dicing Tapes Market (Product: UV Curable Dicing Type, Non-UV Curable Dicing Type; Backing Material: Polyvinyl Chloride, PET, Polyolefin, Others (EVA, etc.); Thickness: Below 85 Microns, 85-125 Microns, 126-150 Microns, Above 150 Microns; Coating: Single-sided, Double-sided; Application: Wafer Dicing, Package Dicing, Others [Glass, Ceramics]) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at https://www.transparencymarketresearch.com/dicing-tapes-market.html
Dicing Tapes Market: Key Driving Factors and Promising Avenues
Rising demand for wafer dicing in making semiconductors for internet of things and wearable technology devices is key to growing revenues in the dicing tapes market. Thus, strides in consumer durables in Asia Pacific fuel the market growth. Changing environmental regulations in integrated circuits (ICs) manufacturing are key to lucrative avenues; rising demand for PO- and PET-based dicing tapes is corroborating the trend.
Apart from these, following trends are crucial for steady revenues in the dicing tapes market:
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Dicing Tapes Market: Region-wise Analysis
Geographically, Europe, the Americas, and a few Asia Pacific countries have been at the forefront of growth in the global dicing tapes market. Some of the recent trends are worth noticing:
Analyze dicing tapes market growth in 30+ countries including US, Canada, Germany, United Kingdom, ASEAN Countries, Japan, India, China, and Japan. Request a sample of the study.
Dicing Tapes Market Competition Landscape
Following developments and trends are worth noticing:
Some of the well-entrenched players in the dicing tapes market are Sumitomo Bakelite Co. Ltd., Denka Company Limited, Nippon Pulse Motor Taiwan, LINTEC Corporation, Mitsui Chemicals Inc., and Shenzhen Xinst Technology Co. Ltd.
View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/46674
The dicing tapes market is segmented on the basis of:
Explore Transparency Market Research's award-winning coverage of the Global Packaging Industry:
3D Holographic Tapes Market – 3D Holographic tapes are growing on the backdrop of impressive growth in the packaging industry. Furthermore, higher usability in the commercial and household places has collectively augmented the demand for 3D Holographic tapes worldwide.
Release Liner Market – Rising label printing technology and growing demand for film-based liners are creating lucrative opportunities for key players operating in the release liners market.
Thermal Release Tapes Market – Mounting competition in 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.
Industrial Tapes Market – Demand for commodities and appliances is increasing which is the key driving factor for the growth of the industrial tapes market.
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