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Copper Clad Laminates Market, Industry Size Growth Forecast Report 2024-2030
Copper Clad Laminate Market Overview:
The Global Copper Clad Laminate Market size is estimated to reach $18 billion by 2030, growing at a CAGR of 5.4% during the forecast period 2024-2030. Increasing demand for semiconductor chips and wiring boards in a wide variety of electronic devices and technological shift in the automotive sector are propelling the copper-clad laminate Market growth during the forecast period.
Additionally, the significant investments by the government and private manufacturers in 5G infrastructure development and the technological shift in the automotive sector are creating substantial growth opportunities for the Copper Clad Laminate Market. In 2022, Panasonic developed Multi-Layer Circuit Board Materials (MEGTRON 8), which will reduce power consumption by lowering the transmission loss and will contribute to larger capability and high-speed data communication. Simultaneously, technological shifts in the automotive sector and high demand for PCBs with more thickness are some of the major Copper Clad Laminate Market opportunities. These factors positively influence the copper-clad laminate industry outlook during the forecast period.
Copper Clad Laminate Market - Report Coverage:
The “Copper Clad Laminate Market Report - Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Copper Clad Market.
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COVID-19 / Ukraine Crisis - Impact Analysis:
● Due to the global economic crisis caused by the Covid-19, The demand for copper-clad laminates has fallen due to a decline in the demand for electrical and electronic devices. The market was severely hit by the global trade restrictions that prevented imports and exports and there is a shortage of raw materials, the rise in instrument and equipment prices. The pandemic caused demand slumps in industries that heavily rely on copper-clad laminates, such as automotive, consumer electronics, and aerospace. The pandemic led to an increase in production costs due to factors like supply chain disruptions, higher raw material prices, and stricter safety protocols. While the initial stages of the pandemic caused significant disruptions and declines, the market has shown signs of recovery in recent times.
● Commodity prices are increasing due to the ongoing Ukraine-Russia war. Asia was the biggest manufacturing regions and its trade with Europe is in a complex position. The supply chain disruption due to the Russia-Ukraine war has impeded the Copper Clad Laminate Market growth. The disruption has increased freight charges, created container shortages and lowered the availability of warehousing space. This has resulted in inflationary issues in the aftermarket. the long-term impact is still uncertain and will depend on various factors, including the duration and outcome of the war, the ability of manufacturers to adapt to changing supply chains, and the overall health of the global economy.
Key Takeaways:
● Asia-pacific is the fastest growing market
Geographically, in the global copper-clad laminate market, Asia-Pacific is analyzed to grow with the highest CAGR of 6.2% during the forecast period 2024-2030 as the electronic market is highly dominated by the Asia Pacific region. A high economic growth rate, abundant low-cost raw material availability, competitive manufacturing costs, and lower labour and transportation costs are driving the PCBs market in the region, which in turn is driving the market for copper-lad laminates. Asia Pacific is a global hub for electronics manufacturing, with countries like China, Taiwan, and Vietnam leading the way. This booming industry creates a massive demand for copper-lad laminates, which are essential components in printed circuit boards (PCBs) used in various electronic devices like smartphones, laptops, TVs, and more. These factors are all due to the expansion of the electronics and automotive industries.
● Epoxy to register the largest in Resin Type
According to the Copper Clad Laminate Market forecast, Epoxy held the largest market share of 46% in 2023 and is used to make epoxy phenolic glass cloth laminated sheet that is alkali free. Epoxy's exceptional performance, adaptability, and processing efficiency make it the top choice for resin type in the copper clad laminate market. Sectors like automotive, healthcare, and industrial automation rely heavily on PCBs. As these sectors experience substantial growth, the demand for epoxy-based copper clad laminates naturally rises. This has heat and humidity resistance, mechanical strength and dielectric qualities which can be used in insulating parts of various machines like generators and motors.
● Phenolic to register the fastest in Resin Type
According to the Copper Clad Laminate Market forecast, phenolic is the fastest growing resin type having CAGR of 6.5% during 2024 - 2030. Phenolic resins have historically been widely used in the production of copper-clad laminates due to their good electrical and mechanical properties, as well as cost-effectiveness. Phenolic resin is valued for its electrical insulation properties, making it suitable for use in PCBs where it helps prevent short circuits and ensures proper signal transmission. Owing to its cost efficiency and easy maintenance, Phenolic is used to make Alkali free E-glass fabric and phenolic panels are resistant to weather and sun.
● Growth in 5G infrastructure to boost up market demand
Copper Clad Laminates are utilised in PCB circuits of highest thickness to enhance durability and signal transmission and the usage of copper clad laminates in the 5G infrastructure increases demand for the product since they enhance signal transmission, avoid delamination, manage heat, reduce weight, regulate moisture, and are more cost-effective. The deployment of 5G networks often involves the use of advanced materials with specific characteristics, such as low dielectric loss, high thermal conductivity, and excellent signal integrity. CCLs with specialized resin systems and substrate materials are essential for meeting these requirements.
● Technological shift in the automotive sector creating the growth opportunities:
The growth of the worldwide copper clad laminates market is being impacted by the booming electrical and electronic industries in developing nations. Electronic assembly technology makes extensive use of copper clad in the automotive industry. Due to variable customer demands, rapid urbanisation, and rapid technological advancements most automotive manufacturers have started developing new models with the introduction of various technical aspects.
● Prices of raw materials hinder the market growth
Based on the lifestyle, income and inflation, the demand increases for various products such as mobiles, computers, television, etc. in which copper clad laminates are used. The raw materials
used for making copper clad laminate sheets such as copper foil, resin, glass fiber are too expensive mainly due to an insufficient supply capacity. Increases in the prices of copper and other substrate materials can put financial pressure on Copper Clad Laminate manufacturers. Copper is a key component in the production of Copper Clad Laminate, and any significant change in its price can directly affect the cost of manufacturing. The copper-clad laminate market may experience price volatility due to fluctuations in raw material prices. This can make it challenging for manufacturers to provide stable pricing to their customers, potentially affecting buying decisions and overall market growth.
Copper Clad Laminate Market Share (%) By Region, 2022
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Key Market Players:
Product launches, approvals, patents, acquisitions, partnerships and collaborations are key strategies adopted by players in the Copper Clad Laminate Market. The top companies in this market include:
1. NAN YA Plastics Corporation (NAN YA)
2. Taiwan Union Technology Corporation (PegaClad 300, PegaClad 2A, ThunderClad 4SR)
3. Panasonic Corporation (MEGTRON-6)
4. ITEQ Corporation
5. Sytech Technology
6. Cipel Italia (Cardel, UBE, CEDATEC)
7. Grace Electron (GA-680, GA-150-LL, GA-HF-PF7)
8. Union Technology Corporation (PegaClad 300, PegaClad 3A, ThunderClad 4SR)
9. Kingboard Laminates Holdings Ltd. (XPC, FR-1, 22F, CEM-1)
10. Shengyi Technology Co. Ltd. (S1150GH, Q360G, S1000)
Scope of the Report:
| Report Metric | Details |
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Base Year Considered |
2023 |
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Forecast Period |
2024–2030 |
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CAGR |
5.4% |
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Market Size in 2030 |
$18 billion |
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Segments Covered |
Form, Reinforcement Material, Resin Type, Packaging, Application, End Use Industry, Geography |
Geographies Covered |
North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
Key Market Players |
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1. Copper-clad Laminates Market - Overview
1.1 Definitions and Scope
2. Copper-clad Laminates Market - Executive Summary
3. Copper-clad Laminates Market – Comparative analysis
3.1 Company Benchmarking - Key Companies
3.2 Global Financial Analysis - Key Companies
3.3 Market Share Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Copper-clad Laminates Market - Startup companies Scenario Premium
4.1 Key Start-up Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Copper-clad Laminates Market– Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing Business Index
5.3 Case Studies of Successful Ventures
6. Copper-clad Laminates Market- Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Challenges
6.4 Porter's Five Force Model
6.4.1 Bargaining Power of Suppliers
6.4.2 Bargaining Powers of Customers
6.4.3 Threat of New Entrants
6.4.4 Rivalry Among Existing Players
6.4.5 Threat of Substitutes
7. Copper-clad Laminates Market – Strategic Analysis
7.1 Value/Chain Analysis
7.2 Opportunity Analysis
7.3 Market Life Cycle
8. Copper-clad Laminates Market - By Form (Market Size – US$ Million/Billion)
8.1 Rigid Sheets
8.2 Flexible Sheets
9. Copper-clad Laminates Market - By Reinforcement Material (Market Size – US$ Million/Billion)
9.1 Glass Fiber
9.2 Paper Base
9.3 Others
10. Copper-clad Laminates Market - By Resin Type (Market Size – US$ Million/Billion)
10.1 Epoxy
10.2 Phenolic
10.3 Others
11. Copper-clad Laminates Market - By Packaging (Market Size – US$ Million/Billion)
11.1 Boxes
11.2 Containers
11.3 Others
12. Copper-clad Laminates Market - By Application (Market Size – US$ Million/Billion)
12.1 Television
12.2 Radio
12.3 Computer
12.4 Mobiles
12.5 Circuit Boards
12.6 Radar systems
12.7 Automotive ADAS
12.8 Others
13. Copper-clad Laminates Market - By End-Use Industry (Market Size - US$ Million/Billion)
13.1 Communication Systems
13.2 Computers
13.3 Consumer Applications
13.4 Automotive
13.5 Healthcare
13.6 Aerospace & Defence
13.7 Others
14. Copper-clad Laminates Market - By Geography (Market Size - US$ Million/Billion)
14.1North America
14.1.1 USA
14.1.2 Canada
14.1.3 Mexico
14.2 Europe
14.2.1 UK
14.2.2 Germany
14.2.3 France
14.2.4 Italy
14.2.5 Netherlands
14.2.6 Spain
14.2.7 Russia
14.2.8 Belgium
14.2.9 Rest of Europe
14.3 Asia-Pacific
14.3.1 China
14.3.2 Japan
14.3.3 India
14.3.4 South Korea
14.3.5 Australia and New Zealand
14.3.6 Indonesia
14.3.7 Taiwan
14.3.8 Malaysia
14.3.9 Rest of APAC
14.4 Rest of the World
14.4.1 Middle East
14.4.1.1 Saudi Arabia
14.4.1.2 UAE
14.4.1.3 Israel
14.4.1.4 Rest of Middle East
14.4.2 Africa
14.4.2.1 South Africa
14.4.2.2 Nigeria
14.4.2.3 Rest of Africa
15. Copper-clad Laminates Market – Entropy
16. Copper-clad Laminates Market – Industry / Segment Competition landscape Premium
16.1 Market Share Analysis
16.1.1 Market Share by Form – Key Companies
16.1.2 Market Share by Region - Key Companies
16.1.3 Market Share By Country - Key Companies
16.2 Competition Matrix
16.3 Best Practices for Companies
17. Copper-clad Laminates Market– Key Company List by Country Premium
18. Copper-clad Laminates Market - Company Analysis
18.1 NAN YA Plastics Corporation
18.2 Taiwan Union Technology Corporation
18.3 Panasonic Corporation
18.4 Sytech Technology
18.5 Cipel Italia
18.6 Grace Electron
18.7 Union Technology Corporation
18.8 Kingboard Laminates Holdings Ltd.
18.9 Shengyi Technology Co. Ltd.
18.10 ITEQ Corporation
* "Financials would be provided to private companies on best-efforts basis."
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The Copper Clad Laminate market is projected to grow at a 5.4% CAGR during the forecast period 2024-2030
Copper Clad Laminate Market size is estimated to be $12 billion in 2023 and is projected to reach $18 billion by 2030
The leading players in the Copper Clad Laminate market are NAN YA Plastics, Taiwan Union Technology, Panasonic Corporation, ITEQ Corporation, Sytech Technology, Cipel Italia, Grace Electron are some of the leading key players in the Alcohol market.