DUBLIN, Nov. 10, 2023 /PRNewswire/ -- The "Global Copper Clad Laminates Market (by Type, Application, Reinforcement Material, & Region): Insights and Forecast with Potential Impact of COVID-19 (2023-2028)" report has been added to ResearchAndMarkets.com's offering.
The global copper-clad laminates (CCL) market is set to achieve a market value of US$15.96 billion by 2023, experiencing a steady Compound Annual Growth Rate (CAGR) of 5.84% during the forecasted period.
Understanding Copper-Clad Laminates (CCL)
Copper-clad laminates (CCL) are board-like materials created by embedding electronic fiberglass cloth or other reinforcing materials in resin and then covering them with copper foil on one or both sides before hot pressing. These laminates play a pivotal role in the production of printed circuit boards (PCBs), providing mechanical support and connectivity for electronic components.
Market Segmentation
The global CCL market is segmented as follows:
Geographic Coverage
The global CCL market is divided into four regions: Asia Pacific, North America, Europe, and the Rest of the World. Asia Pacific holds the largest share and is expected to be the fastest-growing region due to the rise of Chinese server manufacturers, IoT growth, and increased spending on 5G infrastructure.
Drivers: Increasing Demand for Consumer Electronics
The surge in demand for smartphones, artificial intelligence, and voice recognition technologies, along with falling device prices and replacement cycles, is driving consumer electronics growth. As most consumer electronics devices rely on printed circuit boards (PCB), CCL, being a raw material for PCBs, experiences growth in demand.
Challenges: Shortage of Raw Materials
Shortages of copper foils used in CCL manufacturing have become a significant challenge. Extended order visibility, driven by strong demand for notebooks, handsets, and automotive electronics, has strained the supply chain. This shortage impacts manufacturers across material types and hampers production.
Trend: Increasing Auto Electrification
The electrification and intelligentization of automobiles have created opportunities for PCB and CCL applications in electrical control systems for new energy vehicles (NEVs), advanced driver assistance systems (ADAS), and intelligent cockpits. As NEVs have a higher proportion of automotive electronics, PCB and CCL demand increases.
The COVID-19 Impact
The COVID-19 pandemic initially slowed the CCL industry's growth due to trade disruptions, raw material supply issues, rising equipment prices, transportation bans, and supply chain fallout. However, the demand for edge computing and the deployment of 5G infrastructure have stimulated the server market, boosting PCB and CCL demand.
Analysis of Key Players
The global CCL market is highly concentrated, with the top five CCL manufacturers holding over half of the market share. Key players include Doosan Corp., Elite Material Co. Ltd. (EMC), Showa Denko K.K./Resonac Holdings Corporation, Rogers Corporation, Kingboard Laminates Holdings Ltd., ITEQ Corporation, Mitsubishi Gas Chemical Company, Inc., Nan Ya Plastics Corporation, Goldenmax International Group Ltd., Shengyi Technology Co., Ltd., Taiwan Union Technology Corporation (TUC), and Isola Group.
Top Impacting Factors
Growth Drivers
Challenges
Trends
For more information about this report visit https://www.researchandmarkets.com/r/9vx2ar
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SOURCE Research and Markets
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