Copper Clad Laminate Market Report 2025

The copper clad laminate market size has grown strongly in recent years. It will grow from $13.56 billion in 2024 to $14.66 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to electronics industry growth, increasing demand for lightweight and compact devices, telecommunications infrastructure expansion, growing automotive electronics sector, globalization of electronics manufacturing, increasing consumer electronics consumption.

The copper clad laminate market size is expected to see strong growth in the next few years. It will grow to $20.17 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to continued advancements in iot devices, flexible electronics and wearables market growth, increasing emphasis on environmental sustainability, shift towards high-frequency materials, supply chain resilience and regionalization. Major trends in the forecast period include growing demand for high-frequency laminates, rising adoption of 5G technology, miniaturization of electronic devices, shift towards halogen-free laminates, advancements in material technology.

The rising demand for automotive vehicles is projected to drive the growth of the copper clad laminate market in the coming years. An automotive vehicle is defined as a self-propelled land vehicle used for transporting people or goods, distinct from rail-based vehicles like trains or trams. The addition of copper-coated laminate to lubricants or cargo enhances the performance and longevity of automotive engines. For example, a report from Statistics Canada published in June 2024 noted that the total number of registered road motor vehicles in Canada reached 26.3 million in 2022, reflecting a modest increase of 0.3% compared to 2021. Consequently, the rising demand for automotive vehicles is fueling 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.

Major companies in the copper-clad laminate market are launching innovative products, such as metal alloys and Kapton all-polyimide dielectric technology, to enhance performance, improve durability, and address the changing needs of various sectors, including electronics and telecommunications. Kapton all-polyimide dielectric technology is a specialized dielectric material utilized in copper-clad laminates, particularly for flexible printed circuit boards (PCBs). For example, in April 2024, DuPont, a US-based company focused on materials and solutions, introduced the DuPont™ Pyralux ML Series. This new line of double-sided metal-clad laminates is engineered for superior thermal management in extreme conditions. The Pyralux ML laminate series offers exceptional performance in challenging environments, providing a versatile and advanced solution for a variety of applications.

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 include Nan Ya Plastics Corporation, Panasonic Holding Corporation, Taiwan Union Technology 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., Fineline Ltd., Taiwan Elite Material Co. Ltd., Taiwan Taiflex Scientific Co. 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 2024. 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.

Copper clad laminate is a specialized material infused with resin and reinforced with electronic glass fiber or similar materials, subsequently coated with copper on one or both sides. This material finds extensive applications in electronic devices such as televisions, radios, computers, and mobile phones.

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 is one of a series of new reports that 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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