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 (2024–2032). This robust growth is primarily driven by the exponential expansion of the global semiconductor industry, the proliferation of flexible electronics, and the increasing demand for high-precision temporary bonding solutions in advanced manufacturing processes.

As electronics manufacturing evolves toward greater miniaturization and complexity, the critical role of thermal release tapes in ensuring clean, residue-free detachment during production is more important than ever. 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 high-tech manufacturing.

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🔟 1. Nitto Denko Corporation

Headquarters: Osaka, Japan
Key Offering: Revalpha™ series, Single/Double-Sided Thermal Release Tapes

Nitto Denko is the undisputed global leader in the thermal release tape market, commanding a significant share through its technologically advanced product portfolio. The company’s Revalpha™ series is widely regarded as the industry standard for high-temperature stability and clean release properties, making it indispensable in semiconductor wafer dicing and back-grinding processes.

Innovation Initiatives:

• Pioneering ultra-thin tape formulations for 3D chip stacking

• Expanding production capacity in Malaysia and Japan to meet soaring demand

• Developing eco-friendly adhesive systems with reduced environmental impact

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9️⃣ 2. Mitsui Chemicals, Inc.

Headquarters: Tokyo, Japan
Key Offering: Teflex™ thermal release tapes, Customized adhesive solutions

Mitsui Chemicals leverages its deep expertise in polymer science to produce high-performance thermal release tapes that cater to the most demanding semiconductor and display manufacturing applications. The company maintains strong R&D capabilities focused on enhancing thermal resistance and adhesion control.

Innovation Initiatives:

• Strategic partnerships with major semiconductor foundries in Taiwan and South Korea

• Investment in next-generation materials for temperatures exceeding 300°C

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8️⃣ 3. Nitta Corporation

Headquarters: Osaka, Japan
Key Offering: Standard and Custom Thermal Release Tapes

Nitta Corporation has established itself as a key player in the thermal release tape market, particularly in the Asian region. The company offers a diverse range of tapes optimized for various semiconductor packaging and electronics assembly applications, with a focus on reliability and consistency.

Innovation Initiatives:

• Focus on high-purity tapes for sensitive MEMS and sensor applications

• Expansion of distribution networks across Southeast Asia

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7️⃣ 4. Shenzhen KHJ Technology Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: Cost-effective thermal release tapes for various industries

As one of China’s leading domestic manufacturers, Shenzhen KHJ Technology has rapidly gained market share by offering competitive pricing without compromising on quality. The company serves a broad customer base in the electronics manufacturing sector, particularly benefiting from the localization of supply chains.

Innovation Initiatives:

• Rapid scaling of production to meet domestic semiconductor industry growth

• Focus on obtaining international quality certifications to expand global reach

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

Headquarters: Dongguan, China
Key Offering: Specialty adhesive tapes including thermal release variants

Dongguan Changfeng has emerged as a significant regional player, capitalizing on China’s massive electronics manufacturing ecosystem. The company specializes in developing tailored solutions for specific customer requirements, particularly in the consumer electronics segment.

Innovation Initiatives:

• Development of tapes for flexible OLED display manufacturing

• Investment in automated production lines for improved consistency

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

Headquarters: Shenzhen, China
Key Offering: Comprehensive range of industrial adhesive tapes

Shenzhen Hongzheng has built a reputation for reliability in the Chinese market, supplying thermal release tapes to numerous electronics manufacturers. The company’s strength lies in its ability to provide quick-turnaround solutions and technical support to local customers.

Innovation Initiatives:

• Focus on improving product performance for advanced packaging applications

• Expansion into automotive electronics segment

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

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

Headquarters: Shenzhen, China
Key Offering: High-performance thermal release tapes for specialized applications

Force-one focuses on serving niche segments within the electronics industry, particularly those requiring specialized tape properties. The company has developed expertise in formulating tapes that perform reliably under extreme processing conditions.

Innovation Initiatives:

• Development of tapes with enhanced chemical resistance for harsh environments

• Custom formulation services for unique manufacturing requirements

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3️⃣ 8. Solar Plus Company

Headquarters: Texas, USA
Key Offering: Thermal release tapes for photovoltaic and electronics applications

As one of the few significant North American players, Solar Plus Company serves both the solar energy and electronics sectors. The company’s tapes are used in thin-film solar cell manufacturing as well as in various electronics assembly processes.

Innovation Initiatives:

• Specialization in large-format tapes for panel-level processing

• Focus on developing UV-resistant formulations for outdoor applications

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2️⃣ 9. Shenzhen Xinst Technology Co., Ltd.

Headquarters: Shenzhen, China
Key Offering: Comprehensive adhesive tape solutions including thermal release products

Shenzhen Xinst Technology has grown rapidly by serving the extensive manufacturing base in the Pearl River Delta region. The company offers a wide range of adhesive solutions, with thermal release tapes representing a growing segment of their business.

Innovation Initiatives:

• Investment in R&D for high-temperature stable adhesive systems

• Expansion of product portfolio to cover emerging applications

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1️⃣ 10. 3M Company

Headquarters: Minnesota, USA
Key Offering: High-performance tapes for electronics and industrial applications

While better known for its broad adhesive portfolio, 3M maintains a presence in the thermal release tape market through specialized products for demanding electronics applications. The company’s global distribution network and technical expertise make it a trusted supplier for multinational electronics manufacturers.

Innovation Initiatives:

• Development of tapes with precise release temperature control

• Focus on sustainable material solutions aligned with circular economy principles

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🌍 Outlook: The Future of Thermal Release Tape Is Smarter and More Specialized

The thermal release tape market is undergoing a significant transformation driven by technological advancements in electronics manufacturing. As semiconductor nodes shrink and packaging architectures become more complex, the demand for higher-performance temporary bonding solutions continues to accelerate.

📈 Key Trends Shaping the Market:

• Development of ultra-thin tapes for advanced 3D IC packaging and heterogeneous integration

• Increasing adoption in flexible and printed electronics manufacturing

• Growing emphasis on sustainable and recyclable tape formulations

• R&D focus on materials capable of withstanding extreme processing conditions above 300°C

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

The companies listed above are not only supplying critical manufacturing materials—they’re enabling the next generation of electronic devices through continuous innovation and technological advancement.