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A Deep Dive into Low Dielectric Materials Market Size, Forecasts, Key Insights, and Competitive Landscape || Showa Denko Materials Co. Ltd., Huntsman Corporation, The Chemours Company
Low Dielectric Materials Market
The Business Research Company's Low Dielectric Materials Global Market Report 2023 identifies the advent of 5G communications is is the major driver for the low dielectric materials market's growth in the forecast period. Fifth-generation wireless communication (5G) refers to the most recent cellular technology, that is designed to significantly improve the speed and responsiveness of wireless networks. Low dielectric constant resins are commonly used for manufacturing equipment such as antenna interlayers, cables, and communication devices for 5G networks. For instance, according to Fierce Wireless, a US-based publisher of the wireless industry and technology-related news, in December 2021, 60% of the smartphones used in the US are 5G smartphones.
The global low dielectric materials market size grew from $1.69 billion in 2022 to $2.01 billion in 2023 at a compound annual growth rate (CAGR) of 19.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global low dielectric materials is expected to grow to $4.29 billion in 2027 at a CAGR of 20.8%.
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Major competitors in the low dielectric materials market are Showa Denko Materials Co. Ltd., Huntsman Corporation, The Chemours Company, Shin-Etsu Chemical Co. Ltd., Saudi Basic Industries Corporation (SABIC), CeramTec GmbH.
A key trend in the Low Dielectric Materials market introducing New technological innovations. Major companies operating in the market are introducing new technology products that are manufactured by using optimized electrical technology to sustain their position in the market. For instance, in November 2021, Sartomer, a US-based company that manufactures specialty UV resins and additives launched PRO14729, PRO14730, and PRO14731 which are dielectric constant (Dk) UV-curable resins that are designed for use in various electronics such as antenna elements, radomes, lenses, copper clad laminates, B-staging, server storage, and IoT applications. Optimized electrical performance technology helps to improve the performance, functionality, and speed of these electrical devices.
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The low dielectric materials market is segmented -
1) By Type: Thermoset, Thermoplastic, Ceramics
2) By Material Type: Fluoropolymer, Modified Polyphenylene Ether, Polyimide, Cyclic Olefin Copolymer, Cyanate Ester, Liquid Crystal Polymer, Other Material Types
3) By Application: PCBs, Antenna, Microelectronics, Wire and Cable, Radome, Other Applications
4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the low dielectric materials market
The Business Research Company's "Global Low Dielectric Materials Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Low Dielectric Materials Market Include:
1. Executive Summary
2. Low Dielectric Materials Market Characteristic
3. Low Dielectric Materials Market Trends And Strategies
4. Low Dielectric Materials Market - Macro Economic Scenario
5. Low Dielectric Materials Market Size And Growth
……………
27. Low Dielectric Materials Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Low Dielectric Materials Market
29. Low Dielectric Materials Market Future Outlook And Potential Analysis
30. Appendix
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