Copper Clad Laminate Market To Reach $26.34 Billion By 2030

Copper Clad Laminate Market Growth & Trends

The global copper clad laminate market size is expected to reach USD 26.34 billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is anticipated to grow on account of the rising global demand for electronic devices such as laptops, smartphones, wearable devices, and consumer electronics.

The growing trend of interconnected devices further fuels the need for copper clad laminates for various sensors and devices used in Internet of Things systems. For instance,vehicle Internet of Things (IoT) is the network of devices, sensors, and cloud computing. These are integrated into vehicles to act as a comprehensive system for connecting vehicles, predictive maintenance, and fleet management for Original Equipment Manufacturers (OEMs) and insurance companies.

Copper clad laminates are used for producing technologically advanced electronics with fast performance, high speed, high efficiency, and smaller size. The growing need for compact laptops, smartphones, and other consumer electronics in developing economies such as India, China, Mexico, and Brazil is expected to further boost the product demand.

Copper clad laminates are one of primary components for printed circuit boards (PCBs) which are used while integrating various defense and military electronics such as radar & navigation systems, weapon control systems, military-grade computers & displays, and other weapon warfare systems.

The production process of copper clad laminates depends on various raw materials such as resin, copper foil, glass fabric, and paper. The prices of these raw materials are subject to fluctuations owing to supply chain disruptions, trade wars, and demand and supply gaps. Moreover, the strict government regulations related to production and supply of copper clad laminates in countries like the U.S., the UK, China, Japan, India, and Germany are expected to hamper the industry growth.

The global market for copper clad laminates is highly competitive, with several players competing on the basis of technological advancement, product quality, price, and distribution network. Additionally, major players around the world are investing in research and development, strategic partnerships, mergers & acquisitions, and expansion to maintain their competitive edge in the global copper clad laminate market. In addition, the manufacturers are differentiating themselves by offering a diverse range of CCL products for various applications such as defense technology and medical devices.

 Request a free sample copy or view report summary: Copper Clad Laminate Market Report

Copper Clad Laminate Market Report Highlights

• The copper clad laminates market serves a diverse range of end users across various industries such as consumer electronics, computers, aerospace, automotive, medical, industrial, and telecommunication infrastructure. Therefore, the end use concentration is high in the market. Understanding the specific needs of end users along with providing efficient services to the clients are a few of the major factors for copper clad laminates manufacturers.

• The rigid was largest segment accounting for 82.4% share of the global revenue in 2023. Rigid copper clad laminate is a substrate material that is used in printed circuit boards that contain a thin layer of copper laminate on either one or both sides of the PCB (called single CCL or double CCL). Manufacturers use substrate materials such as FR-4, an epoxy resin, Polytetrafluoroethylene (PTFE), and ceramic, along with a copper or aluminum metal core to manufacture multi, double, and single layer of rigid PCBs.

• Based on reinforcement material, glass fiber segment is expected to grow at the fastest CAGR over the forecast period owing to its high strength-to-weight ratio, high electrical insulation, dimensional stability, and cost-effectiveness. The major applications of glass fiber-reinforced CCL are smartphones & laptops, tablets and wearables, computers & servers, telecommunication equipment, and industrial control systems.

• Based on resin, epoxy accounted for the highest CAGR in terms of revenue for the year 2023 due to its high mechanical properties, low shrinkage, easy processing, and high corrosion resistance. Moreover, properties such as being relatively inexpensive compared to their resins, easy to dissolve making them easy for impregnating, adherence to copper foil or electroless copper, bonding with epoxy-finished glass fiber, easy to drill, and flame resistance are expected to further propel the market growth.

• Asia Pacific led the market and accounted for a revenue share of more than 45% in 2023 owing to surging demand for smartphones, laptops, consumer electronics, and other electronic devices. Furthermore, governments in developing countries such as India, China, Indonesia, and Malaysia provide support and incentives to the electronics manufacturing industry, further boosting the CCL demand.

Copper Clad Laminate Market Segmentation

Grand View Research has segmented the global copper clad laminate market based on laminate type, reinforcement material, resin, application, and region:

Copper Clad Laminate Type Outlook (Revenue, USD Million, 2018 - 2030)

• Rigid

• Flexible

Copper Clad Laminates Reinforcement Material Outlook (Revenue, USD Million, 2018 - 2030)

• Glass Fiber

• Paper Base

• Compound Materials

Copper Clad Laminates Resin Outlook (Revenue, USD Million, 2018 - 2030)

• Epoxy

• Phenolic

• Polyimide

• Other Resins

Copper Clad Laminates Application Outlook (Revenue, USD Million, 2018 - 2030)

• Computers

• Communication Systems

• Consumer Appliances

• Vehicle Electronics

• Healthcare Devices

• Defense Technology

Copper Clad Laminates Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

• Central & South America

  • Brazil

• Middle East & Africa

  • Saudi Arabia

List of Key Players in the Copper Clad Laminates Market

• Kblaminates.

• NAN YA PLASTICS CORPORATION

• Taiwan Union Technology Corporation.

• ITEQ CORPORATION

• AGC Inc.

• Rogers Corporation.

• Doosan Corporation.

• Isola Group

• Shandong JinBao Electric Co., Ltd.

• Dhan Laminates.

• Sytech Technology Co. Ltd.

• Panasonic Holdings Corporation

• Cipel Italia.