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Copper Clad Laminates Market Trends

Report ID: GMI4363
Published Date: Nov 2024
Report Format: PDF

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Copper Clad Laminates Market Trends

The deployment of 5G networks has significantly increased the demand for high-frequency and high-speed copper-clad laminates, which are essential for supporting faster data transmission and improved connectivity. The widespread adoption of smartphones, tablets, and wearable devices has led to a substantial rise in the need for compact and efficient printed circuit boards, thereby driving the growth of the CCL market.

Additionally, the automotive industry's transition towards electric vehicles and advanced driver-assistance systems have resulted in a greater integration of electronic components, further escalating the demand for specialized CCLs. In response to regulatory standards and evolving consumer preferences, manufacturers are increasingly focusing on developing eco-friendly CCLs, leading to significant innovations in materials and production processes.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for copper clad laminates was reached USD 13.2 billion in 2023 and is estimated to grow at a 4.8% CAGR from 2024 to 2032, driven by the booming consumer electronics market.

The rigid segment reached USD 8.6 billion in 2023 and is expected to grow at a 4.9% CAGR through 2032, due to its extensive applications in consumer electronics, telecommunications, and automotive sectors.

The direct segment accounted for over 66.1% share of the copper clad laminates market in 2023 and is set to grow at a 4.8% CAGR up to 2032, driven by large-scale manufacturers' preference for direct procurement.

The U.S. copper clad laminates market held approximately 75.4% share in 2023 and is expected to grow at a 4.8% CAGR up to 2032, driven by its advanced electronics manufacturing sector and significant demand from high-tech industries.

Key players in the industry include Cipel Italia, Doosan Electro-Materials, Guangdong Chaohua Technology, Isola, ITEQ, Kingboard Laminates, Nan Ya Plastics, Panasonic Corporation, Resonac, Rogers, Shandong Jinbao Electronics, Shengyi Technology, Sumitomo Bakelite, Taiwan Union Technology, and Ventec International.