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Circuit Materials Market Size

Report ID: GMI8115
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Published Date: February 2024
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Report Format: PDF

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Circuit Materials Market Size

Circuit Materials Market size was valued at USD 38 billion in 2023 and is anticipated to register a CAGR of over 4.3% between 2024 and 2032. The market encompasses a wide range of materials used in the manufacturing of printed circuit boards (PCBs) and other electronic components. These materials include substrates, conductive layers, and insulating layers crucial for the proper functioning and reliability of electronic circuits.

 

Circuit Materials Market

Circuit materials are essential for the construction of electronic devices across various industries, including consumer electronics, telecommunications, automotive, aerospace, and medical devices. They provide the foundation for the layout and interconnection of electronic components, enabling the transmission of electrical signals and power within electronic systems. With advancements in technology and the increasing demand for smaller, lighter, and more complex electronic devices, the market continues to evolve, offering materials with improved performance, reliability, and manufacturability.
 

The growth of the circuit materials market is driven by several factors. Firstly, the proliferation of electronic devices and the increasing integration of electronics into various applications fuel the demand for circuit materials. As industries such as automotive, aerospace, and telecommunications embrace digitalization and automation, the need for high-performance circuit materials to support advanced electronic systems grows.
 

Additionally, the rise of emerging technologies like 5G, Internet of Things (IoT), and artificial intelligence (AI) further drives market growth, as these technologies require sophisticated circuit materials capable of handling high frequencies, thermal management, and signal integrity. Furthermore, the push for sustainability and environmental consciousness in manufacturing processes drives the development of eco-friendly circuit materials, catering to the growing demand for green electronics and contributing to the expansion of the market.
 

Price volatility of raw materials and technological obsolescence are significant pitfalls for the circuit materials market. Fluctuations in the prices of key materials such as copper, fiberglass, and resins can disrupt production costs and profit margins for manufacturers, impacting the overall stability of the market. Additionally, rapid advancements in technology can render existing circuit materials obsolete, necessitating constant innovation and updates to remain competitive. Both factors pose challenges for manufacturers in terms of cost management, supply chain resilience, and maintaining relevance in an ever-evolving technological landscape.

Authors: Kiran Pulidindi, Kunal Ahuja
Frequently Asked Question(FAQ) :
What is the size of circuit materials market?
The market size of circuit materials reached USD 38 billion in 2023 and is set to witness over 4.3% CAGR between 2024 and 2032, propelled by a wide range of materials used in the manufacturing of printed circuit boards (PCBs) and other electronic components.
Why is the demand of conducting material increasing?
Which are the notable companies involved in circuit materials market?
How big is North America circuit materials industry?
Circuit Materials Market Scope
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    Report Content

    Chapter 1   Methodology & Scope

    1.1    Market scope & definition

    1.2    Base estimates & calculations

    1.3    Forecast calculation

    1.4    Data sources

    1.4.1    Primary

    1.4.2    Data mining sources

    1.4.2.1   Paid sources

    1.4.2.2   Public sources

    Chapter 2   Executive Summary

    2.1    Industry 3600 synopsis

    Chapter 3   Industry Insights

    3.1    Industry ecosystem analysis

    3.2    Technology & innovation landscape

    3.3    Regulatory landscape

    3.4    Industry impact forces

    3.4.1    Growth drivers

    3.4.2    Industry pitfalls & challenges

    3.5    Growth potential analysis

    3.6    Porter’s analysis

    3.6.1    Supplier power

    3.6.2    Buyer power

    3.6.3    Threat of new entrants

    3.6.4    Threat of substitutes

    3.6.5    Industry rivalry

    3.7    PESTEL analysis

    Chapter 4   Competitive Landscape, 2023

    4.1    Company market share analysis

    4.2    Competitive positioning matrix

    4.3    Strategic outlook matrix

    Chapter 5   Market Size and Forecast, By Material Type, 2018-2032 (USD Billion, Kilo Tons)

    5.1    Key trends

    5.2    Material class

    5.3    Conducting material

    5.4    Outer layer

    5.5    Others

    Chapter 6   Market Size and Forecast, By Substrate, 2018-2032 (USD Billion, Kilo Tons)

    6.1    Key trends

    6.2    Rigid

    6.3    Flexible

    6.4    Rigid-flex

    Chapter 7   Market Size and Forecast, By Application, 2018-2032 (USD Billion, Kilo Tons)

    7.1    Key trends

    7.2    Communications

    7.3    Industrial electronics

    7.4    Automotive

    7.5    Aerospace & defense

    Chapter 8   Market Size and Forecast, By Region, 2018-2032 (USD Billion, Kilo Tons)

    8.1    Key trends

    8.2    North America

    8.2.1    U.S.

    8.2.2    Canada

    8.3    Europe

    8.3.1    Germany

    8.3.2    UK

    8.3.3    France

    8.3.4    Italy

    8.3.5    Spain

    8.3.6    Rest of Europe

    8.4    Asia Pacific

    8.4.1    China

    8.4.2    India

    8.4.3    Japan

    8.4.4    South Korea

    8.4.5    Australia

    8.4.6    Rest of Asia Pacific

    8.5    Latin America

    8.5.1    Brazil

    8.5.2    Mexico

    8.5.3    Argentina

    8.5.4    Rest of Latin America

    8.6    MEA

    8.6.1    Saudi Arabia

    8.6.2    UAE

    8.6.3    South Africa

    8.6.4    Rest of MEA

    Chapter 9   Company Profiles

    9.1    DuPont

    9.2    Isola Group

    9.3    ITEQ Corporation

    9.4    Kingboard Laminates Holdings Ltd

    9.5    Mitsubishi Materials Corporation

    9.6    Nikkan Industries Co. Ltd

    9.7    Panasonic Corporation

    9.8    Rogers Corporation

    9.9    Shengyi Technology Co. Ltd

    9.10    Taiflex Scientific Co. Ltd

       

    Authors: Kiran Pulidindi, Kunal Ahuja
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    Base Year: 2023

    Companies covered: 10

    Tables & Figures: 532

    Countries covered: 23

    Pages: 300

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