Global Circuit Materials Market: Overview
The product is fixed on the printed circuit board and links the parts together to form an assembly. Circuit materials help the complex circuit designers in delivering high performance services. They provide outstanding functional performance with accuracy and are mostly used in electric & electronic products like passive switch boxes.
Global Circuit Materials Market: Growth Factors
A paradigm shift witnessed in the electrical & electronics sector is the key growth driver of circuit materials market. Apart from this, the rise in the use of iPhones, smartphones, and LCD televisions has boosted circuit material sales. Additionally, rise in the consumer awareness pertaining to benefits offered by printed circuit boards including low weight and compact designs will enlarge the business scope over the forthcoming years. Nevertheless, less supply of copper foils will obstruct the expansion of circuit materials industry. Additionally, low adoption of new technology in the third world economies may pose a challenge to the industry progression over the years to come. Furthermore, the growing trend of manufacturing green & energy-preserving products can deteriorate the product demand. However, technological breakthroughs witnessed in emerging economies such as India and China will open new dimensions of growth for the business.
Global Circuit Materials Market: Segmentation
The circuit materials market can be sectored into material class and application. On the basis of material class, the market is segmented into the substrate, outer layer, and conducting material. The substrate can be further sub-divided into CEM, paper phenolic, polyimide, and fiberglass epoxy. While the outer layer can be classified into dry film photoimageable and liquid-ink photoimageable solder mask. Additionally, conducting material is segregated into copper material. Application wise, the circuit materials industry can be divided into communications, automotive, industrial electronics, and aerospace & defense applications.
Global Circuit Materials Market: Regional Analysis
Region wise, the circuit materials market can be divided into five main regions: Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. Massive product demand across telecommunications, automotive, and industrial electronics sector in the Asia Pacific will augment the regional market. Apart from this presence of giant manufacturers including Shengyi Technology, ITEQ Corporation, and Kingboard Laminates will propel the business trends in the region. The growing popularity of smartphones, IoT, internet equipment, and virtual & augmented reality in densely populated countries such as China and India will proliferate the industry progression.
With thriving automobile sector in European countries such as Germany, the circuit materials market in Europe is projected to witness an elevated surge over the estimated timeframe. Additionally, the North American market has huge untapped growth potential and will contribute notably towards the overall market revenue in the forthcoming years.
Apart from this, Latin America and the Middle East and Africa markets have huge growth prospects.
Global Circuit Materials Market: Competitive Players
Few of the main participants in circuit materials market are Jinan Guoji Technology (China), Isola Group (U.S.), Kingboard Laminates (Hong Kong), Eternal Materials (Taiwan), ITEQ Corporation (Taiwan), Shengyi Technology (China), DowDuPont (U.S.), Rogers Corporation (U.S.), Taiflex Scientific (Taiwan), and Nikkan Industries (Japan).
Global Circuit Materials Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
What Reports Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
