The report “Copper Clad Laminates Market by Application (Computers, Communication Systems, Consumer Appliances, Vehicle electronics, Healthcare Devices), Product Type (Rigid, Flexible), Reinforcement Material Type, Resin Type, Region – Global Forecast to 2027”, size is estimated to be USD 16.4 billion in 2022 and is projected to reach USD 21.6 billion in 2027, at a CAGR of 5.7%. The main forces behind the growth of the copper clad laminate market are growth in 5G infrastructure and the increasing use of PCBs across various applications. Rising raw material prices is a major market restraint. The technological shift in automotive sector to electric vehicles is a major opportunity in the copper clad laminate market. The biggest difficulties or challenge is the effect of supply chain disruption due to global chip shortage.
Some of the prominent key players are:
· Kingboard Laminates Holdings Ltd. (China)
· Shengyi Technology Co., Ltd (China)
· Nan Ya Plastics Corporation (Taiwan)
· Panasonic Holdings Corporation (Japan)
· Taiwan Union Technology Corporation (Taiwan)
Opportunities: Technological shift in the automotive sector
In the era of technology, various research has taken place in the automotive industry, which includes the digitalization of the sectors, increased automation techniques, and others. Due to varying consumer demands, rapid urbanization, and rapid technological advancements, most of the automotive companies, such as Volvo, Audi, Mercedes, etc., have started developing new models which introduce various technical aspects, such as wide touchscreen panels, airbag controls, Anti-theft systems, and many more.
By type, Rigid copper clad laminates accounted for the largest share
Copper clad laminate or CCL is a type of material used in PCBs. It is made using reinforcement materials like glass fiber, paper, or other materials, impregnated with resin adhesive like epoxy, phenolic etc. and covered with copper foil on either side or one side. The Copper clad laminates Market has been segmented based on its type i.e., rigid copper clad laminate and flexible copper laminate. The rigid laminates are used in several end-use applications including consumer electronics, communications, automotive, and aerospace industries. The rigid copper clad laminates dominate the market owing to its wide application base, enhanced properties, strength and durability.
APAC is projected to account for the largest share of copper clad laminates in 2021
The largest market for copper clad laminates is anticipated to be in APAC over the projected period. China, Taiwan, South Korea and Japan are the main contributors in the same. The growth is led by rapid increasing demand for copper clad laminates from various industries, including computers, communication systems, consumer appliances, vehicle electronics, healthcare devices etc. The investments in 5G infrastructure and technological shift in automobile sector to electric vehicles is a major reason for growth of copper clad laminate market.
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