The Global Thermal Release Tape Market was valued at USD 181 Million in 2024 and is projected to reach USD 307 Million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 8.0% during the forecast period (2025–2032). This robust growth is being driven by the relentless expansion of the global semiconductor industry, the proliferation of flexible electronics, and the increasing demand for advanced adhesive solutions in high-precision manufacturing processes.

As electronics manufacturing pushes the boundaries of miniaturization and complexity, the role of thermal release tapes—specialized materials that provide temporary bonding and clean release under heat—has become indispensable. In this blog, we profile the Top 10 Companies in the Thermal Release Tape Industry—a mix of established material science giants and innovative specialists shaping the future of advanced manufacturing.

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🔟 1. Nitto Denko Corporation

Headquarters: Osaka, Japan
Key Offering: REVALPHA® Thermal Release Tape Series

Nitto Denko is the undisputed global leader in the thermal release tape market, commanding a significant market share with its technologically advanced REVALPHA® product line. The company’s tapes are engineered for superior performance in semiconductor wafer dicing and back-grinding processes, offering exceptional adhesion control and ultra-clean release properties that prevent damage to delicate substrates.

Innovation and Market Initiatives:

• Continuous R&D investment exceeding 4% of annual revenue

• Recent expansion of production capacity in Malaysia to serve growing Asian semiconductor markets

• Development of low-outgassing formulations for high-vacuum semiconductor processes

Download FREE Sample Report: Thermal Release Tape Market – View in Detailed Research Report

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9️⃣ 2. Mitsui Chemicals, Inc.

Headquarters: Tokyo, Japan
Key Offering: TAPE-ALL™ Thermal Release Tapes

Mitsui Chemicals leverages its deep expertise in polymer science to produce high-performance thermal release tapes that cater to the most demanding semiconductor and electronics applications. The company’s products are renowned for their thermal stability, consistent performance across varying temperatures, and compatibility with a wide range of manufacturing environments.

Innovation and Market Initiatives:

• Strategic partnerships with leading semiconductor foundries for customized tape solutions

• Focus on developing eco-friendly adhesive formulations with reduced environmental impact

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8️⃣ 3. Nitta Corporation

Headquarters: Osaka, Japan
Key Offering: High-Temperature Resistant Release Tapes

Nitta Corporation has established itself as a key player in the thermal release tape market, particularly known for its high-temperature resistant formulations that can withstand processing conditions up to 300°C. The company’s extensive product portfolio serves diverse applications from semiconductor manufacturing to automotive electronics.

Innovation and Market Initiatives:

• Specialization in tapes for fan-out wafer-level packaging (FOWLP) applications

• Investment in automated production lines to enhance product consistency and reduce defects

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7️⃣ 4. Shenzhen KHJ Technology Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: Cost-Effective Thermal Release Tapes

As one of China’s leading thermal release tape manufacturers, Shenzhen KHJ Technology has rapidly gained market share through competitive pricing and improved product quality. The company specializes in serving the domestic semiconductor and electronics manufacturing sectors, which account for over 40% of global production.

Innovation and Market Initiatives:

• Expansion of production capacity to meet growing domestic demand

• Focus on obtaining international quality certifications to access global markets

Download FREE Sample Report: Thermal Release Tape Market – View in Detailed Research Report

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6️⃣ 5. Dongguan Changfeng New Material Technology Co., Ltd.

Headquarters: Dongguan, China
Key Offering: Specialty Adhesive Tapes for Electronics

Dongguan Changfeng has emerged as a significant regional player in the thermal release tape market, focusing on the rapidly expanding electronics manufacturing ecosystem in Southern China. The company’s products are particularly tailored for applications in smartphone assembly, display manufacturing, and consumer electronics.

Innovation and Market Initiatives:

• Development of tapes specifically for flexible and foldable display manufacturing

• Strategic positioning to serve the Pearl River Delta manufacturing hub

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5️⃣ 6. Shenzhen Hongzheng Adhesive Technology Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: Customized Thermal Release Solutions

Shenzhen Hongzheng specializes in developing customized thermal release tape solutions for specific manufacturing challenges. The company’s strength lies in its ability to rapidly prototype and produce specialty tapes for emerging applications in MEMS fabrication and advanced semiconductor packaging.

Innovation and Market Initiatives:

• Focus on R&D collaboration with electronics manufacturers

• Development of low-residue formulations for high-yield manufacturing processes

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4️⃣ 7. Force-one Applied Materials CO., Ltd.

Headquarters: Shenzhen, China
Key Offering: High-Performance Adhesive Tapes

Force-one Applied Materials has carved a niche in the thermal release tape market by focusing on high-performance applications that require exceptional dimensional stability and precise release characteristics. The company’s products are increasingly used in advanced packaging technologies where thermal management is critical.

Innovation and Market Initiatives:

• Specialization in tapes for 2.5D and 3D IC packaging applications

• Investment in quality control systems to meet stringent semiconductor industry standards

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3️⃣ 8. Solar Plus Company

Headquarters: California, USA
Key Offering: Thermal Release Tapes for Photovoltaics and Electronics

As one of the few significant North American players, Solar Plus Company serves both the photovoltaic and electronics industries with specialized thermal release solutions. The company’s expertise in materials for clean energy applications gives it a unique position in the market, particularly for tapes used in thin-film solar cell manufacturing.

Innovation and Market Initiatives:

• Development of UV-resistant thermal release tapes for outdoor electronics applications

• Focus on sustainable material formulations with reduced environmental impact

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2️⃣ 9. Shenzhen Xinst Technology Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: Thermal Interface Materials and Release Tapes

Shenzhen Xinst Technology offers a diversified portfolio that includes thermal release tapes alongside other specialty adhesive products. The company’s integrated approach allows it to provide comprehensive solutions for thermal management challenges in electronics manufacturing.

Innovation and Market Initiatives:

• Development of hybrid tapes combining thermal release and thermal interface properties

• Expansion into emerging applications in automotive power electronics

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1️⃣ 10. 3M Company

Headquarters: Minnesota, USA
Key Offering: 3M™ Thermal Release Tapes and Adhesives

While better known for its broad portfolio of industrial tapes, 3M maintains a significant presence in the thermal release tape segment through its advanced materials division. The company leverages its global distribution network and materials science expertise to serve high-tech manufacturing sectors worldwide.

Innovation and Market Initiatives:

• Application of nanotechnology to enhance tape performance characteristics

• Development of tapes compatible with lead-free soldering processes

Get Full Report Here: Thermal Release Tape Market – View in Detailed Research Report

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🔬 Outlook: The Future of Thermal Release Tapes Is Smarter and More Sustainable

The thermal release tape market is undergoing a significant transformation as it adapts to the evolving needs of high-tech manufacturing. While traditional semiconductor applications continue to dominate demand, emerging technologies in flexible electronics, advanced packaging, and quantum computing are driving innovation in tape formulations and performance characteristics.

📈 Key Trends Shaping the Market:

• R&D focus on high-temperature resistant tapes capable of withstanding 400°C+ processes

• Development of eco-friendly and recyclable tape formulations in response to environmental regulations

• Integration of smart features such as color-changing indicators for release point detection

• Growing adoption in medical device manufacturing and aerospace applications

Get Full Report Here: Thermal Release Tape Market – View in Detailed Research Report

The companies profiled above are not only supplying essential materials for modern manufacturing—they’re driving the innovation engine that enables next-generation electronics and semiconductor technologies.