Overview and Scope
Copper clad laminate refers to a particular material that is soaked in resin and reinforced with electronic glass fiber or another material before being copper-clad on one or both sides. It is widely used in electronic devices such as television, radio, computers, mobile phones, and others.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
Asia-Pacific was the largest region in the copper clad laminate market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global copper clad laminate market report during the forecast period. The regions covered in the copper clad laminate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the copper clad laminate market report are Nan Ya Plastics Corporation, Panasonic Holding Corporation, Taiwan Union Technology Corporation, Doosan Corporation, Grace Electron Corp., Isola Group Ltd., ITEQ Corporation, Kingboard Laminates Holding Ltd., Shengyi Technology Co. Ltd., Guangdong Chaohua Technology Co. Ltd., Sytech Technology Co. Ltd., Cipel Italia S.r.l., Fineline Ltd., Taiwan Elite Material Co. Ltd., Taiwan Taiflex Scientific Co. Ltd., UBE Industries Ltd., Goldenmax International Technology Ltd., Rogers Corporation, Ventec International Group, Nikkan Industries Co. Ltd., Hitachi Chemical Co. Ltd., Sumitomo Bakelite Co. Ltd., Jiangsu Jiuwu High-Tech Co. Ltd., Arlon Electronic Materials, Risho Kogyo Co. Ltd., Taiflex Scientific Co. Ltd., Elite Material Co. Ltd., Zhejiang Huazheng New Material Co. Ltd., Amitron Corporation, DuPont de Nemours Inc.
The copper clad laminate market report table of contents includes:
1. Executive Summar
2. Copper Clad Laminate Market Characteristics
3. Copper Clad Laminate Market Trends And Strategies
4. Copper Clad Laminate Market – Macro Economic Scenario
5. Global Copper Clad Laminate Market Size and Growth
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31. Global Copper Clad Laminate Market Competitive Benchmarking
32. Global Copper Clad Laminate Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Copper Clad Laminate Market
34. Copper Clad Laminate Market Future Outlook and Potential Analysis
35. Appendix
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