Global Cover Tapes Market Growth 2023-2029

Global Cover Tapes Market Growth 2023-2029

Cover tape refers to a strip product used in the field of electronic packaging and used in conjunction with a carrier tape. The cover tape is usually based on a polyester or polypropylene film, and is compounded or coated with different functional layers (antistatic layer, adhesive layer, etc.), and can be sealed on the surface of the carrier tape under external force or heating to form A closed space protects the electronic components in the carrier tape.

LPI (LP Information)' newest research report, the “Cover Tapes Industry Forecast” looks at past sales and reviews total world Cover Tapes sales in 2022, providing a comprehensive analysis by region and market sector of projected Cover Tapes sales for 2023 through 2029. With Cover Tapes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Cover Tapes industry.

This Insight Report provides a comprehensive analysis of the global Cover Tapes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Cover Tapes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Cover Tapes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Cover Tapes and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Cover Tapes.

The global Cover Tapes market size is projected to grow from US$ 194.7 million in 2022 to US$ 298.2 million in 2029; it is expected to grow at a CAGR of 298.2 from 2023 to 2029.

Global top 2 manufacturers of cover tapes are 3M and Advantek. These 2 companies hold over a third of global market share. Geographically speaking, Asia-Pacific is the largest market, accounting for over 70% of global market share. In terms of type, heat activated cover tapes segment accounts for over 65% of total market share. In terms of application, active components segment and passive components segment practically each accounts for half of the global market.

This report presents a comprehensive overview, market shares, and growth opportunities of Cover Tapes market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Heat Activated Cover Tapes
Pressure-sensitive Cover Tapes

Segmentation by application
Active Components
Passive Components

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
3M
Advantek
DENKA
Shin-Etsu
Sumitomo Bakelite
Taiwan Carrier Tape (TCTEC)
Carrier Tech Precision
Lasertek
ZheJiang Jiemei
HWA SHU
U-PAK
ITW ECPS
ROTHE
Zhuhai Tongxi Electronics
C-Pak
Asahi Kasei
ACTECH
Ant Group (Acupaq)
Dongguan Hongkang
Advanced Component Taping
Argosy Inc

Key Questions Addressed in this Report

What is the 10-year outlook for the global Cover Tapes market?

What factors are driving Cover Tapes market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Cover Tapes market opportunities vary by end market size?

How does Cover Tapes break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.