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Explosive growth in downstream market demand of embossed carrier tape

1. The output of electronic components in China increased from 413.044 billion to 3678 billion, with a compound annual growth rate of 21.99%. Semiconductor discrete devices increased from 206.290 billion to about 623.400 billion, with a compound annual growth rate of 10.72%.

2. The transfer of LED industry to China drives the growing demand for plastic carrier belt. In 2017, China’s LED chip production reached 58% of the global production capacity based on the production of 2-inch chips.

3. The Chinese market accounts for 69% of the global MLCC demand.

4. The domestic and international market of paper carrier and plastic carrier exceeds 10 billion, and the global market of release film is close to 20 billion.