Copper Clad Laminates Market by Application (Computers, Communication Systems, Consumer Appliances, Vehicle electronics, Healthcare Devices), Product Type (Rigid, Flexible), Reinforcement Material Type, Resin Type, Region - Global Forecast to 2027
The copper clad laminates market size is estimated to be USD 16.4 Billion in 2022 and is projected to reach USD 21.6 Billion by 2027, at a CAGR of 5.7%. Copper clad laminates are majorly used as a base material for Printed Circuit Board (PCB), which is widely used in the electronics industry. The copper clad laminates market is classified into two types, i.e., rigid and flexible. The copper clad laminates market is driven by increasing demand from several applications such as consumer appliances, computers, communication systems, vehicle electronics, healthcare devices, and defence technology. Owing to rising technologies such as 5G infrastructure, IoT, artificial intelligence, and others are projected to propel the growth of copper clad laminates market in the forecast period.
By Type, the Rigid segment accounted for the largest share of the global copper clad laminates market during the forecast period
Rigid is estimated to have the largest market share during the forecast period. Rigid copper clad laminates are widely used in applications of communication systems, electronics, and automotive to provide properties such as electrical insulation, fire retardant, waterproofing, high strength, and high modulus. The rising use of rigid copper clad laminates in the electronics, and automotive industries will drive the demand for the segment in the forecast period.
By Application, Communication systems accounted for the highest market share during the forecast period
Communication systems are the largest application segment of copper clad laminates. The communication system is also one of the fastest-growing applications of copper clad laminates between 2022 and 2027. The growth in computers, laptops, and drones sector is the major reason for an increase in demand for communication system applications.
By Resin, Epoxy accounted for the highest market share during the forecast period
Epoxy is the largest application segment of copper clad laminates. The growth in communication systems, IT hardware, and consumer appliances provide several properties such as good flame resistance, high anti-tracking, and good dimensional stability. The increasing demand from these applications will propel the growth of the epoxy segment in copper clad laminates market.
By Reinforcement Materials, the Glass fiber sector accounted for the largest market share during the forecast period
The Glass Fiber sector is estimated to be the largest market for copper clad laminates market. The glass fiber sector is growing, owing to the rising growth in the electronics industry. The copper clad laminates are used in various electronic products to provide better performance and cost-effectiveness. These factors will drive the growth of glass fiber segment in copper clad laminates market.
APAC is projected to account for the biggest market share and highest CAGR in the copper clad laminates market during the forecast period
APAC is estimated to be the largest and fastest-growing market for copper clad laminates during the forecast period. Copper clad laminates markets are estimated to register significant growth in China, Taiwan, South Korea, and Japan, due to the presence of large market players in the region and also strong demand from sectors such as electronics, automotive, and others. The growth of the Asia pacific copper clad laminates market is driven by the economic growth of countries such as China, Taiwan, and South Korea which further boosts the growth of the copper clad laminates market.
The copper clad laminates market includes major manufacturers such as The Kingboard Laminates Holdings Ltd. (China), Shengyi Technology Co. Ltd.(Sytech) (China), Nan Ya Plastics Corporation (Taiwan), Panasonic Holdings Corporation (Japan), and Taiwan Union Technology Corporation (Taiwan) are the key players operating in copper clad laminates market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies selected by these key players to boost their positions in the copper clad laminates market.
By Company Type: Tier 1: 50%, Tier 2: 40%, and Tier 3: 10%
By Designation: C-level Executives: 50%, Directors: 30%, and Others: 20%
By Region: Asia Pacific: 86%, North America: 7%, Europe: 5%, Rest of the World: 2%
The market study covers the copper clad laminates market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on types, application, end use industries, and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the copper clad laminates market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall copper clad laminates market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
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