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Copper Clad Laminates Market Demand to Hit $15 Billion by 2025
September 30, 2019 | Globe NewswireEstimated reading time: 2 minutes
Global Market Insights, Inc. has recently added a new report on copper clad laminates market which provides a succinct analysis of the market size, revenue forecast and the regional landscape. The report states the global copper clad laminates market is set to cross USD 15 billion revenue by 2025 driven by rising demand from automotive industry, as it holds prime importance in printed circuit board (PCB) fabrication owing to superior conductivity and insulation properties. The automotive industry is rapidly revolutionizing with emphasis on passenger safety, comfort and convenience. Various safety features such as alert system, blind-spot detection system and lane departure system, etc. require PCBs for effective functioning.
By product, the copper clad laminates market is segmented into rigid and flexible. Flexible segment will grow at a CAGR more than 4% owing to rising popularity within automobile and healthcare sectors. Based on reinforcement material, market is bifurcated into paper base, glass fiber and compound materials. Paper base segment is expected to record over USD 3 billion by 2025.
Some of the market growth drivers:
- Growing demand for PCBs in several end-use industries
- Swelling consumption in 5G communication equipment
Based on resin, market is divided into epoxy, phenolic and polyimide. Epoxy will clutch significant market share owing to excellent chemical, mechanical and electrical properties. Based on application, the market is classified into computers, communication systems, consumer appliances, vehicle electronics, healthcare devices, defense technology and others. Computers will grow at a CAGR more than 4% over the forecast period as copper clad laminates are used on large scale for PCBs in computing operations.
Asia Pacific will dominate the copper clad laminates market in upcoming years. The strong growth is attributable to high demand from communication systems and automotive sectors. Europe will grow at a CAGR over 3.5% due to increasing product usages in healthcare, defense and aerospace sectors.
Browse key industry insights spread across 310 pages with 831 market data tables & 18 figures & charts from the report, “Copper Clad Laminates Market Size By Product (Rigid, Flexible), By Reinforcement Material (Glass Fiber, Paper Base, Compound Materials), By Resin (Epoxy, Phenolic, Polyimide), By Application (Computers, Communication Systems, Consumer Appliances, Vehicle Electronics, Healthcare Devices, Defense Technology), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China, India, Japan, South Korea, Thailand, Taiwan, Brazil, Mexico, Israel, UAE, South Africa,), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
Taiwan Union Technology Corporation, Doosan Corporation, ITEQ Corporation, Shandong Jinbao Electronics Co., Ltd., Guangdong Chaohua Technology Co., Ltd., NAN YA Plastics Industrial Co., Ltd. and Panasonic Corporation are some of the major manufacturers in the copper clad laminates market share.
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