Global Copper Clad Laminates Market Report 2023: A $21.2 Billion Market by 2028 from $15.08 Billion in 2022 - Analysis, Trends and Forecasts - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Copper Clad Laminates Market: Analysis By Type, By Application, By Reinforcement Material, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering.

The global copper-clad laminates market was valued at US$15.08 billion in 2022. The market value is expected to reach US$21.20 billion by 2028.

Key application for copper-clad laminates is in the manufacture of printed circuit boards (PCBs) used to mechanically support and connect electronic components.

In the coming years, the copper-clad laminate market is expected to be benefited from the ongoing construction of 5G base stations, the rapid development of cloud computing, and auto electrification. Server platform upgrades have also boosted the consumption of high-performance PCBs and CCLs.

Moreover, the electrification and intelligentization of automobiles have created scenarios for PCB and CCL applications, leading to market growth. The market is expected to grow at a CAGR of approx. 6% during the forecasted period of 2023-2028.

Market Segmentation Analysis:

By Type: The report provides the bifurcation of the market into two types: Rigid and Flexible.

The rigid CCL held the highest share of the market. The increasing demand for electric vehicles and the innovations in electronic machines are expected to boost the demand for rigid copper-clad laminate in the forthcoming years. Whereas flexible laminates have lesser weight, thinness, and better flexibility as compared to rigid laminates, and hence is used in different applications like electronic products, including cellphone, digital camera, automotive GPS, and laptop.

By Application: The report further provides the analysis based on applications: Communication Systems, Computers, Consumer Electronics, Automotive Electronics, Industrial Electronics, Medical Equipment, and Others.

Communication systems held the highest share in the market, whereas automotive electronics is expected to be the fastest-growing segment in the forecasted period. The demand for copper-clad laminates in communication systems is driven by the swelling demand for 5G infrastructure.

Further, server upgrades have jacked up demand for high-performance PCBs and CCLs that can offer high frequencies and high speeds. Therefore, as an investment in 5G infrastructure increases, it is expected that global server construction to boost PCB and CCL market demand during forthcoming years.

By Reinforcement Material: The report provides a glimpse of the global rigid copper-clad laminates market based on the following reinforcement materials: Fiberglass, Special Substrates Base, Compound, and Paper Base.

Fiberglass cloth-focused CCL includes FR-5 and FR-4. FR-4 (Flame Retardant-4) is a material consisting of a woven glass fiber cloth and an epoxy resin laminate material that is self-extinguishing (flame resistant). FR-4 has excellent performance and is cheaper than some special materials.

Meanwhile, this material has been fully studied, so it can be modified to produce a wide range of benefits such as a halogen-free type. On the other hand, as high-frequency and high-speed applications such as 5G, IoT, and data centers became commonplace, the market share of special CCLs is expected to rise in the coming years.

By Region: The report provides insight into the copper-clad laminates market based on the regions namely, Asia Pacific, North America, Europe, and the Rest of the World.

Asia Pacific held the major share of the copper-clad laminates market in 2022. It is also expected to be the fastest-growing region in the forthcoming years.

With the rise of Chinese mainland server manufacturers and a growing domestic server market, development opportunities have opened up for local providers of high-frequency and high-speed CCLs. For instance, by 2021, the number of 5G base stations in China had reached 1.42 million, with over 0.65 million new stations built in that year alone, and 5G investment had grown by 45.6% of total investments in the communications industry, based on data presented in the 2021 Statistical Bulletin of the Communications Industry issued by The Ministry of Industry and Information Technology (MIIT).

The Internet of Things (IoT) is one of the most promising innovation accelerators for digital enterprises. According to Germany Trade and Invest (GTAI), within Germany, IoT spending would exceed US$37.45 billion (EUR35 billion) (making Germany the biggest spender in Europe) in 2021. The increase in IoT spending would generate demand prospects for PCB and CCL manufacturers in the coming years.

Market Dynamics:

Growth Drivers: The global copper-clad laminates market growth is predicted to be supported by numerous growth drivers such as increasing demand for consumer electronics, increasing demand for vehicles, increasing disposable income, growing use of medical devices, growing industrial robot industry, and many other factors.

Automation requires the use of robots and their electronic components. Among the most important aspects of robotics is the printed circuit board (PCB) used for electronic control and operation. With multiple industries that use robotics, finding PCB solutions that meet the various needs of automated devices has become even more valuable. Hence, the increase in the industrial robotic industry boosts the demand for PCBs which, in turn, propels the demand for CCL.

Challenges: However, the market growth would be negatively impacted by various challenges such as rising copper prices, shortage of raw materials, chip shortage crisis, etc.

Trends: The market is projected to grow at a fast pace during the forecast period, due to various latest trends such as rapid development of cloud computing and server market, increasing auto electrification, rising IoT market, increasing construction of 5G base station, etc.

The electrification and intelligentization of automobiles have created scenarios for PCB and CCL applications, including electrical control systems for new energy vehicles (NEVs), advanced driver assistance systems (ADAS), and intelligent cockpits. As key function-bearing components of automotive electronics, PCBs would benefit substantially from the increase in automotive electronic content resulting from auto electrification and intelligentization. This would further increase the demand for CCL in the coming years.

Market Dynamics

Growth Drivers

• Increasing Demand for Consumer Electronics
• Increasing Demand For Vehicles
• Increasing Disposable Income
• Growing Use of Medical Devices
• Growing Industrial Robot Industry

Challenges

• Shortage of Raw Materials
• Chip Shortage Crisis
• Rising Copper Prices

Market Trends

• Rapid Development of Cloud Computing and Server Market
• Increasing Auto Electrification
• Rising IoT Market
• Increasing Construction of 5G Base Station

The key players in the global copper-clad laminates market are:

• Elite Material Co. Ltd. (EMC)
• Showa Denko K.K./ Resonac Holdings Corporation
• Doosan Corp.
• Mitsubishi Gas Chemical Company, Inc.
• Rogers Corporation
• Kingboard Laminates Holdings Ltd.
• ITEQ Corporation
• Nan Ya Plastics Corporation
• Shengyi Technology Co., Ltd.
• Taiwan Union Technology Corporation (TUC)
• Isola Group
• Goldenmax International Group Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/wdjaxo

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