Copper Clad Laminate Global Market Report 2024

The copper clad laminate market has grown strongly in recent years. It will grow from $12.61 billion in 2023 to $13.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%.The expansion observed in the historical period can be ascribed to the growth of the electronics industry, a rising demand for compact and lightweight devices, the expansion of telecommunications infrastructure, the flourishing automotive electronics sector, the globalization of electronics manufacturing, and an increasing consumption of consumer electronics.

The copper clad laminate market is expected to see strong growth in the next few years. It will grow to $18.3 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The anticipated growth in the forecast period is linked to ongoing advancements in IoT devices, the expansion of the flexible electronics and wearables market, a heightened focus on environmental sustainability, a shift towards high-frequency materials, enhanced supply chain resilience, and regionalization trends. Noteworthy trends expected in the forecast period encompass a heightened demand for high-frequency laminates, the increasing adoption of 5G technology, the miniaturization of electronic devices, a transition towards halogen-free laminates, and notable advancements in material technology.

The anticipated growth in the copper clad laminate market is expected to be driven by an increased demand for automotive vehicles. Automotive vehicles, defined as self-propelled land vehicles used for the transportation of people or goods, particularly benefit from the addition of copper-coated laminate to lubricants or cargo, leading to smoother engine operation and extended lifespan. As per Heycar's report in January 2023, the UK witnessed an 11.5% increase in used automobile sales to 7,530,956 in 2021 from the previous year. This surge in demand for automotive vehicles is a significant contributor to the growth of the copper clad laminate market.

The growth of the copper-clad laminates market is expected to be fueled by the rising demand for consumer electronics. Consumer electronics, encompassing electronic devices designed for everyday personal use, heavily rely on copper-clad laminates as the foundational material for PCBs. These laminates enable the creation of intricate circuitry crucial for the functionality of various consumer electronics. Notably, LG, a South Korea-based consumer electronics company, reported in January 2023 that its annual revenue exceeded $60 billion in 2022, marking a historic high with a 12.9% increase from 2021. This surge in revenue highlights the substantial demand for consumer electronics, thereby propelling the copper-clad laminates market.

The prevailing trends in the copper clad laminate market underscore the significance of product innovations, with companies actively engaging in the development of new offerings to maintain their market positions. Notably, in March 2021, Panasonic Holdings Corporation, a Japan-based multinational conglomerate, introduced the R-5410 printed circuit board (PCB) prepreg. This copper-clad laminate plate, designed as a halogen-free material for multi-layer circuit boards, boasts extremely low transmission loss. Positioned as a suitable choice for applications such as automobile radar, 5G base stations, and other mmWave systems, the R-5410 material represents a noteworthy innovation in the market.

Major players in the copper clad laminate market are making strategic investments in production facilities to gain a competitive edge. Investing in copper clad laminate production provides exposure to diverse industries and applications, making it an attractive option for investors seeking portfolio diversification. A case in point is Showa Denko Materials, a Japan-based chemical manufacturing company, which, in September 2022, invested a significant amount of 10 billion yen in copper-clad laminate production facilities. This investment is aimed at bolstering the company's output capacity for copper-clad laminates, particularly those used in semiconductor package substrates.

In March 2023, MBK Partners, a South Korea-based private equity firm, acquired NexFlex Co. for an undisclosed amount. This strategic acquisition is anticipated to unlock high growth potential in the industry, driven by the robust demand for smartphone materials and the increasing adoption of 5G technology. NexFlex Co., the acquired South Korea-based company, specializes in the manufacturing of copper clad laminates, aligning with the broader trends of industry consolidation and expansion.

Major companies operating in the copper clad laminate market report are Nan Ya Plastics Corporation, Panasonic Holding Corporation, Taiwan Union Technology Corporation, Doosan Corporation, Grace Electron Corp., Isola Group Ltd., ITEQ Corporation, Kingboard Laminates Holding Ltd., Shengyi Technology Co. Ltd., Guangdong Chaohua Technology Co. Ltd., Sytech Technology Co. Ltd., Cipel Italia S.r.l., Fineline Ltd., Taiwan Elite Material Co. Ltd., Taiwan Taiflex Scientific Co. Ltd., UBE Industries Ltd., Goldenmax International Technology Ltd., Rogers Corporation, Ventec International Group, Nikkan Industries Co. Ltd., Hitachi Chemical Co. Ltd., Sumitomo Bakelite Co. Ltd., Jiangsu Jiuwu High-Tech Co. Ltd., Arlon Electronic Materials, Risho Kogyo Co. Ltd., Taiflex Scientific Co. Ltd., Elite Material Co. Ltd., Zhejiang Huazheng New Material Co. Ltd., Amitron Corporation, DuPont de Nemours Inc.

Asia-Pacific was the largest region in the copper clad laminate market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global copper clad laminate market report during the forecast period. The regions covered in the copper clad laminate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the copper clad laminate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

There are two primary categories of copper clad laminate, rigid and flexible. Rigid copper-clad laminate, also referred to as printed circuit board laminate, serves as a substrate material for printed circuit boards, featuring a thin layer of copper on either one or both sides. Comprising epoxy resin, phenolic, and other materials, it caters to various industries including automotive, aerospace and defense, consumer electronics, healthcare, and industrial sectors.

The copper clad laminate market research report provides copper clad laminate market statistics, including the copper clad laminate industry's global market size, regional shares, competitors with a copper clad laminate market share, detailed copper clad laminate market segments, market trends, and opportunities, and any further data you may need to thrive in the copper clad laminate industry. This copper clad laminate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The copper clad laminate market consists of sales of organic resin copper clad laminates, metal-core copper clad laminates, and ceramic base copper clad laminates. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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