January 02, 2020
According to the research report titled ‘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’, available with Market Study Report LLC, the global copper clad laminates (CCL) market is expected to grow with a CAGR of 4.6% and is expected to cross USD 15 billion by the year 2025.
For the record, copper clad laminate is used in manufacturing of PCB (printed circuit boards). Advancements in PCB technology, coupled with rising adoption of PCBs in various consumer appliances are driving the copper clad laminates market growth. Several automotive manufacturers are utilizing PCBs in audio & video devices, navigation units, and in monitor & control systems to make automobiles attractive and safe. On the other hand, PCBs are used in healthcare sector in devices such as CT scanners, photometers, microscopes, monitors, and heart pacemakers.
Favorable federal reforms, rising per capita income, and shifting manufacturer preference towards using CCL are also aiding the expansion of the market. Escalating government investments in 5G technology are leading to increasing R&D activities, which in turn is stimulating the industry outlook. However, ongoing trade war between China and U.S. may hinder the growth of CCL market.
As per product type, rigid CCL market will account for 50% share during the estimated timeframe, due to surging need for consumer appliances. On the other hand, flexible segment is presumed to exceed USD 8 billion by the year 2025.
In terms of reinforcement material, glass fiber segment is expected to hold the largest share in CCL market during the forecast period. Glass fiber has better fire and heat resistance as compared to its counterparts and hence used extensively as a reinforcement material. Meanwhile, compound material segment is expected to grow with 3.5% CAGR through 2025.
Elaborating on resin type, phenolic segment is projected to expand with a CAGR of 4% between 2019 and 2025. Whereas based on application spectrum, CCL market from healthcare devices segment will surpass USD 1 billion by the year 2025. The report also cites that vehicle electronics segment will hold one-fifth share of CCL market during the analysis timeframe.
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Considering geographical landscape, Asia-Pacific is expected to dominate copper clad laminates market through 2025. The growth is attributed to rising consumption of CCL in communication systems, consumer appliances, and automotive sector. Meanwhile, North America CCL market is expected to grow with a CAGR of 3.5% during the period of 2019-2025, owing to flourishing healthcare and aerospace sectors.
The prominent companies operating in copper clad laminates market are Guangdong Chaohua Technology Co. Ltd., Grace Electron, Isola Group, Taiwan Union Technology Corp., Doosan Corp., and Shandong Jinbao Electronics Co. Ltd. among others.
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