DUBLIN--(BUSINESS WIRE)--The "Circuit Materials Market by Material Class (Substrate, Conducting Material, Outer Layer), Substrate, Conducting Material, Outer Layer (LIPSM, Dry Film Photoimageable), Application, Region - Global Forecast 2023" report has been added to ResearchAndMarkets.com's offering.
The circuit materials market size is estimated to be USD 30.58 billion in 2018 and is projected to reach USD 36.85 billion by 2023, at a CAGR of 3.8% between 2018 and 2023.
The increasing demand for circuit materials due to technological advancements in the electronics sector is the most significant factor projected to drive the market. The technological developments in the developing economies are also contributing to the circuit materials market growth. However, the low supply of copper foil to the electronic industry is acting as a restraint to the market growth.
Copper is used as a conducting layer on the various types of substrates such as fiberglass-epoxy, paper-phenolic, and CEM. The use of copper as a conducting material offers excellent current conductivity and electromagnetic shielding which enhances the performance of various electronic devices. Also, when copper is applied on various substrates, it can be chemically etched to divide the copper layer into separate conducting lines called tracks or circuit traces. This chemical etching process is easy to achieve with copper compared to other conducting materials. The ease of chemical processing and better conductivity have increased the demand for copper as a conducting material and has helped it to register the highest CAGR during the forecast period.
The circuit materials market in the APAC region is projected to register the highest CAGR, in terms of value, during the forecast period as APAC is one of the promising circuit materials markets. The continuous rise in the production of technologically advanced electronic products has resulted in high demand for circuit materials. This increasing demand for technologically advanced electronic products in various applications such as communications, industrial electronics, and automotive has led to innovations and developments in the electronics industry of APAC making it a promising circuit materials market, globally.
Shengyi Technology (China) is one of the major players in the circuit materials market. The company focuses on expanding its product portfolio and gaining a competitive edge over other players in the circuit materials market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Circuit Materials Market, By Material Class
7 Circuit Materials Market, By Substrate
8 Circuit Materials Market, By Conducting Material
9 Circuit Materials Market, By Outer Layer
10 Circuit Materials Market, By Application
11 Circuit Materials Market, By Region
12 Competitive Landscape
13 Company Profiles
- Arlon Electronic Materials
- Chang Chun Group
- D. D. Enterprises
- Doosan Corporation Electro-Materials
- Eternal Materials Co., Ltd.
- ITEQ Corporation
- International Laminate Material Ltd
- Isola Group
- Jinan Guoji Technology Co., Ltd.
- Kingboard Laminates Holdings Ltd.
- Mitsubishi Materials Corporation
- NAM Hing Industrial Laminate Ltd
- Nikkan Industries Co., Ltd.
- Nikko-Materials Co., Ltd.
- Panasonic Corporation
- Park Electrochemical Corporation
- Rogers Corporation
- Shanghai Nanya Copper Clad Laminate Co., Ltd.
- Shengyi Technology Co., Ltd.
- Taiflex Scientific Co., Ltd.
- Tamura Corporation
- Tongling Huake Electronic Material Co., Ltd.
- Ventec International Group
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