Home > Pressrelease > Copper Clad Laminates Market size worth over $15bn by 2025
Copper Clad Laminates Market size worth over $15bn by 2025
Published Date: September 27, 2019Copper Clad Laminates Market size is expected to cross USD 15 billion by 2025, according to research conducted by Global Market Insights Inc.
The copper clad laminates market demand will be driven by rising demand from automotive industry, as it holds prime importance in printed circuit board (PCB) fabrication owing to superior conductivity and insulation properties. The automotive industry is rapidly revolutionizing with emphasis on passenger safety, comfort and convenience. Various safety features such as alert system, blind-spot detection system and lane departure system, etc. require PCBs for effective functioning. It functions during battery charging in electric vehicles and for improving fuel efficiency. Additionally, they are applied in navigation, climate and entertainment systems of automobiles. Increasing requirement of PCBs in vehicle electronics is bound to accelerate the pace of market growth in upcoming years. Moreover, implementation of cutting-edge technology to produce vehicles with improved safety and reliability will support its market growth in future.
Another significant factor driving the growth of copper clad laminates market is favorable trends associated with 5G technology. The copper clad laminates are widely used in 5G infrastructure materials. Promising future trends associated with Internet of Things (IoT), automation, artificial intelligence (AI), augmented reality (AR) and virtual reality (VR) are poised to catapult the demand of 5G technology over the coming years. This in turn will spur the market growth during the forecast time span. In addition, market will have positive outlook in future owing to increasing applications in consumer appliances, healthcare devices and defense technology.
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However, market may face adversity due to growing tensions between United States and China over tariffs. High tariffs on Chinese products will increase prices of product within various regions. This may cause slowdown of the market between 2019 to 2025.
Browse key industry insights spread across 310 pages with 831 market data tables & 18 figures & charts from the report, “Copper Clad Laminates Market Size By Product (Rigid, Flexible), By Reinforcement Material (Glass Fiber, Paper Base, Compound Materials), By Resin (Epoxy, Phenolic, Polyimide), By Application (Computers, Communication Systems, Consumer Appliances, Vehicle Electronics, Healthcare Devices, Defense Technology), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, South Korea, Thailand, Taiwan, Brazil, Mexico, Israel, UAE, South Africa,), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/copper-clad-laminates-market
The market is classified on the basis of product, reinforcement material, resin and application. Based on product, the copper clad laminates market is segmented into rigid and flexible. Flexible segment will grow at a CAGR more than 4% owing to rising popularity within automobile and healthcare sectors. Based on reinforcement material, market is bifurcated into paper base, glass fiber and compound materials. Paper base segment is expected to record over USD 3 billion by 2025.
Based on resin, market is divided into epoxy, phenolic and polyimide. Epoxy will clutch significant market share owing to excellent chemical, mechanical and electrical properties. Based on application, the market is classified into computers, communication systems, consumer appliances, vehicle electronics, healthcare devices, defense technology and others. Computers will grow at a CAGR more than 4% over the forecast period as copper clad laminates are used on large scale for PCBs in computing operations.
Asia Pacific will dominate the copper clad laminates market in upcoming years. The strong growth is attributable to high demand from communication systems and automotive sectors. Europe will grow at a CAGR over 3.5% due to increasing product usages in healthcare, defense and aerospace sectors.
Taiwan Union Technology Corporation, Doosan Corporation, ITEQ Corporation, Shandong Jinbao Electronics Co., Ltd., Guangdong Chaohua Technology Co., Ltd., NAN YA Plastics Industrial Co., Ltd. and Panasonic Corporation are some of the major manufacturers in the copper clad laminates market share.
Copper clad laminates research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand square meter and revenue in USD million from 2014 to 2025, for the following segments:
Copper Clad Laminates Market, Product By Application
- Rigid
- Computers
- Communication Systems
- Consumer Appliances
- Vehicle Electronics
- Healthcare Devices
- Defense Technology
- Others
- Flexible
- Computers
- Communication Systems
- Consumer Appliances
- Vehicle Electronics
- Healthcare Devices
- Defense Technology
- Others
Copper Clad Laminates Market, By Reinforcement Material
- Glass fiber
- Paper base
- Compound materials
Analysis By Resin
- Epoxy
- Phenolic
- Polyimide
Copper Clad Laminates Market, By Application
- Computers
- Communication Systems
- Consumer Appliances
- Vehicle Electronics
- Healthcare Devices
- Defense Technology
- Others
The above information is provided on a regional and country basis for the following:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Taiwan
- Latin America
- Brazil
- Mexico
- MEA
- Israel
- UAE
- South Africa