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Global Copper Clad Laminate Market Overview Covering Forecast Market Size And Growth Rate 2033
Copper Clad Laminate Global Market Report 2024
According to The Business Research Company's, 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 Drivers and Trends:
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.
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.
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Major Key Players of the Market:
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.
Copper Clad Laminate Market 2024 Key Insights:
• The copper clad laminate market will grow to $18.3 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%.
• Accelerating Automotive Demand Fueling Growth In The Copper Clad Laminate Market
• Innovative Leaps Pioneering Product Advancements In The Copper Clad Laminate Market
• Asia-Pacific was the largest region in the copper clad laminate market in 2023
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