Copper Clad Laminate Market Forecast and CAGR
According to latest research by Fact.MR, copper clad laminate market is set to witness elevated growth during 2021-2031. Strong support by industries such as electrical & electronics, automobile and health care industries with escalating infrastructure investments globally, will drive CCL business during the forecast period with 4% CAGR.
Copper Clad Laminate Market Overview.
As copper clad laminate (CCL) applications are increasing in hardware industry, it is used as raw material for printed circuit board (PCB) manufacturing. PCB could be countered as foundation for producing numerous electronic products such as TV, radio, PC and other devices. Therefore PCB production growth is anticipated to provide impetus to the CCL market growth. Electrical industry especially PCB application captures nearly quarter of the global CCL business share.
Automobile industry has played a principal role in driving the demand for the CCL business. Strong automotive growth over the past half-decade has strengthened the sales of CCL in the industry. Moreover, changing technological space in automotive sector has also driven the penetration rate of CCL by more than 4%. This is anticipated to add double digit million dollars opportunity for the CCL manufacturers channeling the product to automotive sector over the period of FY2021-FY2025.
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Development Trends of Copper Clad Laminate Market
Demand for copper clad laminate in telecommunications has increased over last few years. Increasing investments in 5G infrastructure and industry 4.0 developments, will promote the copper clad laminate business during the forecast period.
Progressive growth of semiconductor fabrication technology, electronic machine manufacturing, electronic assembly technology along with manufacturing of printed circuit board (PCB) are the prime factors which will drive the global copper clad laminates business in the coming years.
As copper clad lamination provides excellent conductivity, insulation along with transmission support which is used as raw material for PCB manufacturing. Furthermore continuous developments in PCB manufacturing and their growing demand in electrical & electronic industry will positively impact on market.
Growing downstream electronic industry such as vacuum fluorescent displays, optical information storage along with the growth of numerous end use industries will drive the market in short-run forecast period.
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Regional Overview of Copper Clad Laminate Market.
The Asia Pacific is dominant region for copper clad laminate market which holds prominent market share in global market. In this region, countries like India and China has well-established infrastructure such as vehicles manufacturing industry, defense and aerospace sector along with developing 5G technology will drive the business of CCL over forecast period.
In Europe, growing manufacturing of electronic vehicles and consumer appliances in countries like Germany, Spain, and France will increase demand for these laminates. These countries together accounted for more than 50% of the market share of Europe CCL market in FY2020.
In North America region the demand for these laminates is increasing mainly due to increased their applications in the automotive industry. Growing automotive production in the region and rising technological investment inflows in the United States are anticipated to bolster the imports of metal clad laminates over the medium-run forecast period.
Who are the key manufacturers of copper clad laminate?
Some of the leading manufacturers of copper clad laminate are, ITEQ Corporation, Panasonic Corporation, Guangdong Chaohua Technology Co., Doosan Corporation, Isola group, Taiwan Union Technology Corporation, NAN YA Plastics Industrial Co., Shandong Jinbao Electronics Co. Ltd., Sytech technology Co., Ltd., Cipel Italia and other local & international producers.
Most of manufacturers are investing in R&D to develop flexible copper clad laminates which are used for manufacturing of flexible PCBs. These PCBs are essentially used for manufacturing military devices.
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