Increasing adoption of dicing tapes in the semiconductor industry and low cost of manufacturing the same drive the growth of the global dicing tapes market. Based on product, the UV curable segment held the major share in 2021. By region, on the other hand, the market across LAMEA would showcase the fastest CAGR by 2031.
Portland,OR, Sept. 28, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global dicing tapes market was estimated at $1.31 billion in 2021 and is expected to hit $2.36 billion by 2031, registering a CAGR of 6.0% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
Market Size in 2021
Market Size in 2031
No. of Pages in Report
Thickness, Product, Material, and Region.
Increasing adoption of dicing tapes in the semiconductor industry
Low cost of manufacturing dicing tapes
Rising demand for light weighted electronic components
Due to the limitations on production facility of electronic products, there was a sharp decline in demand for dicing tapes across the world, which impacted the global dicing tapes market negatively.
However, as the global situation got back on track, the market for dicing tapes also started recovering at a slow & steady pace.
The global dicing tapes market is analyzed across thickness, product, material, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
Based on thickness, the 86–125-micron segment contributed to around two-fifths of the global dicing tapes market revenue in 2021, and is expected to dominate by 2031. The above 150-micron segment, on the other hand, would showcase the fastest CAGR of 7.1% throughout the forecast period.
Based on product, the UV curable segment garnered nearly three-fourths of the total market revenue in 2021, and is expected to dominate by 2031. The same segment would also project the fastest CAGR of 6.3% throughout the forecast period.
Based on material, the polyvinyl chloride segment contributed to nearly half of the global dicing tapes market revenue in 2021, and is expected to dominate by 2031. The polyolefin segment, however, would showcase the fastest CAGR of 6.8% throughout the forecast period.
Based on region, the global dicing tapes market across Asia-Pacific generated more than half of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The LAMEA region, on the other hand, would manifest the fastest CAGR of 8.4% during the forecast period. The other provinces analyzed in the report include North America and Europe.
The key market players analyzed in the global dicing tapes market report include AI Technology, Inc., Daest Coating India Pvt. Ltd., Denka Company Limited, Furukawa Electric Co. Ltd., Hitachi Chemical Company, Ltd., Loadpoint, Mitsui Chemicals, Inc, LINTEC Corporation, Nippon Pulse Motor Taiwan, 3M Company, Nitto Denko Corp, Sumitomo Bakelite Co. Ltd., Pantech Tape Co. Ltd., QES GROUP BERHAD, Shenzhen Xinst Technology Co., Ltd, Ultron Systems, Inc., and Solar Plus Company. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players.
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