Copper Clad Laminates Market Analysis

Copper Clad Laminates Market Analysis

Based on product type, the market is mainly classified into two types i.e., rigid and flexible copper clad laminates. Here, rigid CCLs dominate the segment and holds more than half of the market volume. Rigid CCLs include metal substrate, build-up multilayer substrate, thermoplastic substrate, ceramic substrate, capacitor embedded substrate, etc. which makes it suitable for various applications such as computers, communication system and consumer appliances. Whereas, flexible CCLs in the segment will drive the product market at a significant rate during the anticipated timeframe. This is due to its growing usage in vehicle technology and healthcare devices.

On the basis of reinforcement material, the market is classified into glass fiber, paper base and compound materials. Here, glass fiber reinforcement material generates maximum revenue over USD 6 billion owing to its excellent heat resistance, dimensional stability and high electrical insulation properties, which increases its demand as a reinforcement material in various applications. Glass fiber reinforcement material is then followed by paper based reinforcement material which holds a significant share in the product market.

The market is segmented into epoxy, phenolic, polyamide and other resins, that includes phenol, polyester, etc. Epoxy resin holds maximum share of more than 4.5% of the product market, owing to its good electrical, mechanical and bonding properties in addition to this it also offers chemical resistance, which increases its usage demand in in the manufacture of copper clad laminates. Epoxy is then followed by phenolic resins which illustrates a significant growth in its CAGR during the anticipated timespan.

Copper clad laminates market segment by application is categorized into computers, communication system, consumer appliances, vehicle electronics, healthcare devices, defense technology and other applications, which includes aerospace and space explorations. Here, vehicle electronics generates maximum revenue over USD 2.5 billion owing to rapidly rising automotive industry and with the introduction of e-vehicles the segment is further expected to gain momentum in the near-term. Furthermore, the consumer appliance in the segment is likely to growth with the highest rate owing to growing use of mobile phones in the segment, which in turn will boost the demand for global copper clad laminations in the market.

Asia pacific is leading the global copper clad laminates market share. This is because it is a well-established hub for various applications, such as communication system, vehicle electronics, healthcare technology, defense and aerospace sector. Moreover, growing demand for 5G communications and e-vehicle in the region will further drive the product market for various applications during the forecast period. Asia-Pacific is then followed by North America which illustrates a significant growth in its CAGR during the anticipated timespan.