The Copper Clad Laminates Market is expected to grow at > 4.8% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Copper Clad Laminates Market
Copper Clad Laminates Market is likely to witness an impressive CAGR of 4.8% during the forecast period. The prime factor contributing to the robust demand for the copper clad laminates market is mainly its use in the hardware industry. It is also used in various electronic products such as radio, TV, mobile, and PC. The market is expected to register ample growth opportunities in emerging and developing economies such as China, Japan, South Korea and India of APAC, whereas North America and Row will witness higher growth over the forecast period.
Asia-Pacific is estimated to be the largest as well as the fastest-growing market for copper clad laminates during the forecast period, with developing economies such as China, Japan, South Korea and India being the major ones with lucrative growth opportunities. The growth of the market is driven by the growth of various end-use industries, such as consumer electronics and automotive, which is generating robust demand for laminates and the presence of a large number of copper clad laminate manufacturers in the Asia-Pacific region, followed by North America which illustrates a significant growth in its CAGR during the over the coming years.
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Market Scope & Market Segmentation
Copper Clad Laminates Market Share: By Products Type
Based on the products type, the market is segmented as rigid and flexible copper clad laminates. The rigid copper clad laminates segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The wide use of rigid copper laminate in computers, communication system and consumer appliances is expected to grow during the forecast period.
Copper Clad Laminates Market Share: By Material Type
Based on the material type, the copper clad laminates market is segmented as epoxy, phenolic, polyamide and other resins (phenol, polyester, etc.). The epoxy resin segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. The growth of the segment is attributed to the extensive use of epoxy resin, owing to its good electrical, mechanical and bonding properties.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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