The Copper Clad Laminate Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Copper Clad Laminate Global Market Report 2024, The copper clad laminate market size has grown strongly in recent years. It will grow from $12.61 billion in 2023 to $13.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to electronics industry growth, increasing demand for lightweight and compact devices, telecommunications infrastructure expansion, growing automotive electronics sector, globalization of electronics manufacturing, increasing consumer electronics consumption.
The copper clad laminate market size is expected to see strong growth in the next few years. It will grow to $18.3 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to continued advancements in iot devices, flexible electronics and wearables market growth, increasing emphasis on environmental sustainability, shift towards high-frequency materials, supply chain resilience and regionalization. Major trends in the forecast period include growing demand for high-frequency laminates, rising adoption of 5g technology, miniaturization of electronic devices, shift towards halogen-free laminates, advancements in material technology.
The increasing demand for automotive vehicles is expected to propel the growth of the copper clad laminate market going forward. An automotive vehicle refers to a self-propelled land vehicle, used for the movement of people or goods and does not run on rails (unlike trains or trams). Automotive vehicle engines run more smoothly and last longer when copper-coated laminate is added to lubricants or cargo. For instance, in January 2023, according to Heycar, a UK-based online used car marketplace highlights, used automobile sales in the UK increased by 11.5% to 7,530,956 in 2021 from 2020. Therefore, increasing demand for automotive vehicles is driving the growth of the copper clad laminate market.
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The copper clad laminate market covered in this report is segmented –
1) By Type: Rigid Copper Clad Laminate, Flexible Copper Clad Laminate
2) By Material: Epoxy Resin, Phenolic, Other Materials
3) By End-User: Automotive, Aerospace And Defence, Consumer Electronics,, Healthcare, Industrial, Other End-Users
Product innovations are the key trends gaining popularity in the copper clad laminate market. Companies operating in the copper-clad market are innovating new products to sustain their position in the market. For instance, in March 2021, Panasonic Holdings Corporation., a Japan-based multinational conglomerate corporation, launched the R-5410 printed circuit board (PCB) prepreg. A copper-clad laminate plate called R-5410 printed circuit board (PCB) prepreg is a halogen-free material for multi-layer circuit boards with extremely low transmission loss. For automobile radar, 5G base stations, and other mmWave systems, the R-5410 material is a good fit.
The copper clad laminate market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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