Global Circuit Materials Market Size By Material Class (Substrate, Conducting Material), By Substrate (Fiberglass-Epoxy, Paper-Phenolic), By Application (Communications, Industrial Electronics), By Geographic Scope And Forecast

Circuit Materials Market Size And Forecast

Circuit Materials Market size was valued at USD 33.07 Billion in 2022 and is projected to reach USD 46.10 Billion by 2030, growing at a CAGR of 3.77% from 2023 to 2030.

Technological advancements in the electronics industries, such as upgradation in smartphones coupled with the growing adoption of circuit materials in the electronics sector are driving the global Circuit Materials Market growth. The Global Circuit Materials Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Circuit Materials Market Definition

Think of a circuit board as the heart of your electronics – it's a little world where everything connects! We use these boards in all sorts of electric appliances, not just to hold everything together physically, but to let the electricity flow where it needs to go. We call the stuff that makes up these circuits "circuit materials." These materials are like the highways that connect all the different parts, creating a working circuit. They're what let manufacturers and designers build super-complex circuits that actually work well, and they're all neatly arranged on that printed circuit board. But it's more than just connections; circuit materials also make sure everything is reliable and performs at its best. Because of these materials, we can create solder-able, thin, high-density electric connections for all kinds of applications – whether it's multi-layered boards, single & double-sided boards, or even flex & rigid-flex designs. You'll find circuit materials hard at work in everyday electronic products, even something as simple as passive switch boxes!

Global Circuit Materials Market Overview

The global Circuit Materials Market is really taking off, mainly because our smartphones keep getting better! Plus, more and more electronics are using cool circuit materials. And get this – people are starting to realize how awesome printed-circuit boards are! They're compact, lightweight, and just make things work better. This growing awareness is a big deal. Speaking of big, the whole consumer electronics world is booming, with everyone wanting laptops, tablets, and especially smartphones and LCD TVs. This, of course, is driving up the demand for circuit materials. It's not just in rich countries either; both developed and developing economies are seeing these tech advancements, creating some sweet opportunities for the Circuit Materials Market. So, yeah, all these things combined? Expect the Circuit Materials Market to keep chugging along nicely in the years to come.

There are certain restraints and challenges faced which will hinder the market growth. One of the major challenge is the low supply chain of copper foil. Also, availability of substitutes in the market and preference towards production of green and energy-efficient products can lower the adoption of circuit materials. These factors might hamper the market growth up to a certain extent during the forecasted period.

Global Circuit Materials Market Segmentation Analysis

The Global Circuit Materials Market is segmented based on Material Class, Substrate, Application, and Geography.

Circuit Materials Market, By Material Class

• Substrate• Conducting Material• Outer Layer

Based on Material Class, the market is bifurcated into Substrate, Conducting Material, and Outer Layer. The Substrate segment held the largest market share and is expected to continue its dominance over the forecasted period.

Circuit Materials Market, By Substrate

• Fiberglass-Epoxy• Paper-Phenolic• CEM• Polyimide• Others

Based on Substrate, the market is bifurcated into Fiberglass-Epoxy, Paper-Phenolic, CEM, Polyimide, and Others. The Fiberglass-Epoxy segment is predicted to hold the most significant CAGR in the forecast period due to highly preferred over the other substrates owing to its superior chemical and mechanical properties. As Fiberglass-Epoxy offers high resistance to fire, high strength-to-weight ratio and also can withstand moisture, these factors are anticipated to drive the growth for these segment.

Circuit Materials Market, By Application

• Communications• Industrial Electronics• Automotive• Aerospace & Defense• Others

We can break down the market by Application, seeing it divided into areas like Communications, Industrial Electronics, Automotive, Aerospace & Defense, and a catch-all "Others." Interestingly, the Risk Management and Fraud Detection part is expected to grow the fastest. Why? It's largely because circuit materials are becoming super popular in the communications industry. Think about itthese materials are used all over the place in devices we use every day, like laptops, smartphones, tablets, regular mobiles, and even those smart tablets. Circuit materials really shine because they make those compact printed circuit boards (PCBs) in our devices way more conductive. This boost in performance is really driving the adoption of these materials in the communications sector.

Circuit Materials Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

On the basis of Regional Analysis, the Global Circuit Materials Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The largest share in the market will be dominated by the Asia Pacific region. The rising adoption of emerging technologies, presence of well-established manufacturers of circuit materials across the Asia Pacific region driving the market for Circuit Materials over the forecasted period.

Key Players

The “Global Circuit Materials Market” study report will provide a valuable insight with an emphasis on the global market.  The major players in the market are Shengyi Technology, Kingboard Laminates, ITEQ Corporation, DowDuPont and Eternal Materials.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• In April 2019, DowDuPont, the biggest chemical conglomerate in the world generated $86 billion in sales which is more than any other company on this planet, and is in the process of breaking up into the three largest chemical companies in the world. In this Dow will be the commodity chemical production company, Dupont will be in chemical production and Corteva will be dedicated to agriculture chemicals.

• In February 2022, Chemical giant Dupont de Nemours (DD.N) can count on a $130 billion merger, Dupont is the selling group of business for $11 billion to a chemical and materials company. Celanese which is nearly 14 times the portfolio’s 800 million in EBITDA. The company is not focusing on the less profitable and more volatile business and is focusing on something more promising markets such as electric cars and clean energy.

• In August 2019, Isola Group, a market leader in copper-clad laminates and dielectric prepeg materials which is used to fabricate advanced multilayer printed circuit boards (PCBs), has about to relocate its headquarters, R&D and manufacturing operations. The company is moving into a newly constructed industrial building at the lotus project which is near Kyrene Road and the loop 202 at 6565 West Frye Road.

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