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Copper Clad Laminate Market Research Report 2024-2033 | Trends, Analysis, and Growth Forecasts
Copper Clad Laminate Market
The Business Research Company offers in-depth market insights through Copper Clad Laminate Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The copper clad laminate market size has grown strongly in recent years. It will grow from $12.61 billion in 2023 to $13.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to electronics industry growth, increasing demand for lightweight and compact devices, telecommunications infrastructure expansion, growing automotive electronics sector, globalization of electronics manufacturing, increasing consumer electronics consumption.
The copper clad laminate market size is expected to see strong growth in the next few years. It will grow to $18.3 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to continued advancements in iot devices, flexible electronics and wearables market growth, increasing emphasis on environmental sustainability, shift towards high-frequency materials, supply chain resilience and regionalization. Major trends in the forecast period include growing demand for high-frequency laminates, rising adoption of 5g technology, miniaturization of electronic devices, shift towards halogen-free laminates, advancements in material technology.
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Market Segmentation:
The copper clad laminate market covered in this report is segmented -
1) By Type: Rigid Copper Clad Laminate, Flexible Copper Clad Laminate
2) By Material: Epoxy Resin, Phenolic, Other Materials
3) By End-User: Automotive, Aerospace And Defence, Consumer Electronics,, Healthcare, Industrial, Other End-Users
Major Driver - Accelerating Automotive Demand Fueling Growth In The Copper Clad Laminate Market
The increasing demand for automotive vehicles is expected to propel the growth of the copper clad laminate market going forward. An automotive vehicle refers to a self-propelled land vehicle, used for the movement of people or goods and does not run on rails (unlike trains or trams). Automotive vehicle engines run more smoothly and last longer when copper-coated laminate is added to lubricants or cargo. For instance, in January 2023, according to Heycar, a UK-based online used car marketplace highlights, used automobile sales in the UK increased by 11.5% to 7,530,956 in 2021 from 2020. Therefore, increasing demand for automotive vehicles is driving the growth of the copper clad laminate market.
Competitive Landscape:
Major companies operating in the copper clad laminate market report are Nan Ya Plastics Corporation, Panasonic Holding Corporation, Taiwan Union Technology Corporation, Doosan Corporation, Grace Electron Corp., Isola Group Ltd., ITEQ Corporation, Kingboard Laminates Holding Ltd., Shengyi Technology Co. Ltd., Guangdong Chaohua Technology Co. Ltd., Sytech Technology Co. Ltd., Cipel Italia S.r.l., Fineline Ltd., Taiwan Elite Material Co. Ltd., Taiwan Taiflex Scientific Co. Ltd., UBE Industries Ltd., Goldenmax International Technology Ltd., Rogers Corporation, Ventec International Group, Nikkan Industries Co. Ltd., Hitachi Chemical Co. Ltd., Sumitomo Bakelite Co. Ltd., Jiangsu Jiuwu High-Tech Co. Ltd., Arlon Electronic Materials, Risho Kogyo Co. Ltd., Taiflex Scientific Co. Ltd., Elite Material Co. Ltd., Zhejiang Huazheng New Material Co. Ltd., Amitron Corporation, DuPont de Nemours Inc.
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Top Trend - Innovative Leaps Pioneering Product Advancements In The Copper Clad Laminate Market
Product innovations are the key trends gaining popularity in the copper clad laminate market. Companies operating in the copper-clad market are innovating new products to sustain their position in the market. For instance, in March 2021, Panasonic Holdings Corporation., a Japan-based multinational conglomerate corporation, launched the R-5410 printed circuit board (PCB) prepreg. A copper-clad laminate plate called R-5410 printed circuit board (PCB) prepreg is a halogen-free material for multi-layer circuit boards with extremely low transmission loss. For automobile radar, 5G base stations, and other mmWave systems, the R-5410 material is a good fit.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Copper Clad Laminate Market Characteristics
3. Copper Clad Laminate Market Trends And Strategies
4. Copper Clad Laminate Market - Macro Economic Scenario
5. Copper Clad Laminate Market Size And Growth
…..
27. Copper Clad Laminate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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