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PCB Laminate Market Report and Forecast 2024-2032

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    Report

  • 182 Pages
  • May 2024
  • Region: Global
  • Expert Market Research
  • ID: 5973866
According to the report, The global PCB laminate market size reached nearly USD 15.21 billion in 2023. Aided by the rising demand for consumer electronics and the growing EV adoption, the market is projected to grow at a CAGR of 4.6% between 2024 and 2032 to reach a value of around USD 22.79 billion by 2032.

PCB laminates are composite materials used to construct the structural substrate of printed circuit boards. Composed of layers of reinforcing material impregnated with a thermoset resin, these laminates are pressed and cured to form a rigid board that supports electronic components. The choice of laminate affects the PCB's performance, durability, and application suitability, making it a critical component in electronic manufacturing.

The global PCB laminate market growth is fuelled by several factors, including the burgeoning consumer electronics sector, the advent of 5G technology, and the increasing adoption of electric vehicles (EVs) and hybrid vehicles. Furthermore, the aerospace and defence sectors' demand for high-frequency, high-speed PCB laminates is escalating, driven by the need for more sophisticated communication, navigation, and surveillance systems.

The consumer electronics sector is a significant driver of the PCB laminate market expansion. As consumers continuously seek devices with better functionality, faster processing speeds, and smaller sizes, manufacturers are pushed to innovate constantly. This relentless demand for innovation results in shorter product lifecycles and rapid upgrade cycles, necessitating the use of advanced PCBs.

These PCBs must not only be capable of supporting increased electronic complexity but also need to offer superior performance in a more compact footprint, a process often referred to as miniaturisation. To meet these requirements, PCB laminates used in consumer electronics are evolving to be thinner, with better electrical properties and enhanced heat dissipation capabilities, ensuring that devices can run faster without overheating and fit into increasingly slim profiles. This is one of the key PCB laminate market trends.

The rollout of 5G technology worldwide represents a significant leap forward in telecommunications, offering faster internet speeds, lower latency, and the capacity to connect more devices simultaneously. This transition to 5G necessitates PCBs that can handle high-frequency signals without significant loss of signal integrity, propelling the PCB laminate market development.

High-frequency laminates are essential in this context, as they ensure that 5G-enabled devices and infrastructure, such as base stations and antennas, can operate efficiently. These materials are designed to minimise electromagnetic interference (EMI) and signal loss, which are critical for maintaining the high-speed data transmission required by 5G networks. As such, the development and refinement of laminate materials for high-frequency applications are critical to the successful deployment and operation of 5G technology.

The automotive sector’s pivot towards electric and hybrid vehicles is drastically changing the global PCB laminate market landscape. These vehicles rely heavily on advanced electronic systems for a wide range of functions, from battery management and power distribution to infotainment systems and advanced driver-assistance systems (ADAS). Each of these applications requires PCBs that are not only reliable but can also perform under the harsh conditions typical of automotive environments, including wide temperature ranges and vibrations. The shift to electric and hybrid vehicles is driving demand for PCB laminates that can support complex circuitry, offer excellent thermal management, and provide long-term reliability, further pushing the boundaries of material science and engineering in the PCB industry.

In the aerospace and defence sectors, the PCB laminate demand is shaped by the need for materials that can withstand extreme operational conditions. These industries require PCBs for applications ranging from avionics and communication systems to surveillance and navigation technology. The laminates used in these applications must be able to endure high temperatures, mechanical stress, and vibrations while maintaining their performance. This necessitates the development of specialised laminate materials that offer enhanced durability, thermal stability, and mechanical strength.

The Asia Pacific dominates the PCB laminate market share, attributed to its robust electronics manufacturing sector, particularly in countries like China, South Korea, and Taiwan. North America and Europe also hold significant market shares, driven by their advanced automotive and aerospace industries. The demand in these regions is characterised by a need for high-quality, high-performance laminates.

However, as the need for higher performance and reliability grows, there is a significant opportunity for innovations in laminate materials. Materials that offer better thermal management, lower loss characteristics, and improved mechanical properties are in high demand, presenting opportunities for manufacturers to differentiate their offerings.

Environmental concerns and regulations are pushing the PCB laminate market towards more sustainable practices and materials. There is a growing trend towards the use of greener materials and recycling processes, which not only addresses environmental concerns but also opens up new market opportunities.

Market Segmentation

The global PCB laminate market can be divided based on substrate type, material, application, and region.

Market Breakup by Substrate Type

  • Flexible Circuits
  • HDI/Microvia/Build-Up
  • IC Substrate
  • Rigid 1-2 Sided
  • Rigid Flex
  • Standard Multilayers
  • Others

Market Breakup by Material

  • Glass Fabric
  • Epoxy Resin
  • Kraft Paper
  • Others

Market Breakup by Application

  • Communications
  • Consumer Electronics
  • Computer/Peripheral
  • Military/Aerospace
  • Industrial Electronics
  • Automotive
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global PCB laminate market. Some of the major players explored in the report are as follows:
  • Samsung Electronics Co., Ltd.
  • Nippon Mektron, Ltd.
  • Candor Circuit Boards
  • Zhen Ding Technology Holding Limited
  • Unimicron Technology Corp.
  • Young Poong Electronics Co., Ltd.
  • Avanti Circuits
  • PCB Power/Circuit Systems India Ltd
  • Ventec International Group
  • Venture Electronics
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global PCB Laminate Market Analysis
8.1 Key Industry Highlights
8.2 Global PCB Laminate Historical Market (2018-2023)
8.3 Global PCB Laminate Market Forecast (2024-2032)
8.4 Global PCB Laminate Market by Substrate Type
8.4.1 Flexible Circuits
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 HDI/Microvia/Build-Up
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 IC Substrate
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Rigid 1-2 Sided
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Rigid Flex
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Standard Multilayers
8.4.6.1 Historical Trend (2018-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Others
8.5 Global PCB Laminate Market by Material
8.5.1 Glass Fabric
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Epoxy Resin
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Kraft Paper
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global PCB Laminate Market by Application
8.6.1 Communications
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Consumer Electronics
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Computer/Peripheral
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Military/Aerospace
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Industrial Electronics
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Automotive
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Others
8.7 Global PCB Laminate Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America PCB Laminate Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe PCB Laminate Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific PCB Laminate Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America PCB Laminate Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa PCB Laminate Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Samsung Electronics Co., Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Nippon Mektron, Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Candor Circuit Boards
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Zhen Ding Technology Holding Limited
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Unimicron Technology Corp.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Young Poong Electronics Co., Ltd.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Avanti Circuits
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 PCB Power/Circuit Systems India Ltd
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Ventec International Group
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Venture Electronics
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global PCB Laminate Market: Key Industry Highlights, 2018 and 2032
2. Global PCB Laminate Historical Market: Breakup by Substrate Type (USD Billion), 2018-2023
3. Global PCB Laminate Market Forecast: Breakup by Substrate Type (USD Billion), 2024-2032
4. Global PCB Laminate Historical Market: Breakup by Material (USD Billion), 2018-2023
5. Global PCB Laminate Market Forecast: Breakup by Material (USD Billion), 2024-2032
6. Global PCB Laminate Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global PCB Laminate Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global PCB Laminate Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global PCB Laminate Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America PCB Laminate Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America PCB Laminate Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe PCB Laminate Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe PCB Laminate Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific PCB Laminate Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific PCB Laminate Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America PCB Laminate Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America PCB Laminate Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa PCB Laminate Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa PCB Laminate Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global PCB Laminate Market Structure

Companies Mentioned

  • Samsung Electronics Co., Ltd.
  • Nippon Mektron, Ltd.
  • Candor Circuit Boards
  • Zhen Ding Technology Holding Limited
  • Unimicron Technology Corp.
  • Young Poong Electronics Co., Ltd.
  • Avanti Circuits
  • PCB Power/Circuit Systems India Ltd
  • Ventec International Group
  • Venture Electronics

Methodology

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Table Information