Press release
Low Dielectric Materials Market Strategies, Rising Trends, Revenue Analysis, Report 2024
Low Dielectric Materials Market
The Business Research Company offers in-depth market insights through Low Dielectric Materials 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 low dielectric materials market size has grown exponentially in recent years. It will grow from $2.04 billion in 2023 to $2.45 billion in 2024 at a compound annual growth rate (CAGR) of 20.5%. The growth in the historic period can be attributed to increasing demand for high-speed data processing, rise of wireless communication, miniaturization in electronics, development of high-frequency applications, emergence of IoT devices.
The low dielectric materials market size is expected to see exponential growth in the next few years. It will grow to $5.45 billion in 2028 at a compound annual growth rate (CAGR) of 22.1%. The growth in the forecast period can be attributed to increasing demand in electric vehicles, expanding Internet of things (IoT) market, continuous miniaturization in electronics, growing data center requirements, advancements in semiconductor manufacturing. Major trends in the forecast period include integration in aerospace and defense, miniaturization in electronics, 5G technology advancements, rise in Internet of things (IoT), demand for high-speed data processing.
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Market Segmentation:
The low dielectric materials market covered in this report 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
Major Driver - 5G Revolution Boosts Low Dielectric Materials Market
The advent of 5G communications is expected to propel the growth of the low-dielectric materials market going forward. 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, in April 2023, according to data from 5G Americas, a US-based industry trade organization, the global 5G wireless connections increased by 76% from the end of 2021 to the end of 2022, reaching up to 1.05 billion. It will touch a mark of 5.9 billion by the end of 2027. Therefore, the advent of 5G communications is driving the growth of the low dielectric materials market.
Competitive Landscape:
Major companies operating in the low dielectric materials market report are Daikin Industries Ltd., Mitsubishi Corporation, Nishimura Advanced Ceramics Co Ltd., Idemitsu Kosan Co Ltd., Nippon Steel & Sumitomo Metal Corporation, Saudi Basic Industries Corporation (SABIC), Applied Materials Inc., Sumitomo Chemical Co Ltd., Asahi Kasei Corporation, Shin-Etsu Chemical Co Ltd., TDK Corporation, Murata Manufacturing Co Ltd., DuPont (E.I. du Pont de Nemours and Company), Teijin Limited, Huntsman Corporation, Iwatani Corporation, The Chemours Company, Kuraray Co Ltd., Showa Denko Materials Co Ltd., JSR Corporation, Zeon Corporation, Taiyo Yuden Co Ltd., Tokai Carbon Co Ltd., Tokyo Ohka Kogyo Co Ltd., KEMET Corporation, AVX Corporation, Hindustan Fluorocarbons Limited, CeramTec GmbH, DNF Co Ltd., Gelest Inc., Vishay Intertechnology Inc.
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Top Trend - Cutting-Edge Products For Enhanced High-Speed Communication
Major companies in the low-dielectric material market are focused on developing cutting-edge products, such as liquid crystal powder, for enhanced high-speed communication and to gain a competitive edge in the market. Liquid crystal powder refers to finely divided particles with unique optical and electrical properties that exhibit liquid crystal behavior. For instance, in August 2021, ENEOS Corporation, a Japan-based fully integrated oil company, launched XYDAR LF-31P, a liquid crystal powder (LCP) with world-leading dielectric properties, specifically designed for high-speed communication in next-generation electronic devices. The LCP addresses the growing need for efficient communication circuits to minimize transmission loss in semiconductor components due to increased communication volumes. XYDAR LF-31P boasts a fine particle size distribution, averaging 5-7µm, and exhibits a world-best low dielectric loss tangent of 0.0007, enhancing its effectiveness in reducing transmission loss.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Low Dielectric Materials Market Characteristics
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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