Copper Clad Laminate Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
21 Jun, 2023
The global copper clad laminate market size is expected to grow from $11.64 billion in 2022 to $12.61 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global copper clad laminate market size is expected to reach $16.94 billion in 2027 at a CAGR of 7.7%.
Global Copper Clad Laminate Market Key Driver
The rising demand for automobiles is projected to drive the growth of the copper clad laminate market in the coming years. An automobile vehicle is a self-propelled land vehicle that does not operate on rails (unlike trains or trams) and is used for the transportation of people or cargo. When copper-coated laminate is added to lubricants or freight, automotive engines operate more smoothly and last longer.
Get a sample of the global copper clad laminate market reportGlobal Copper Clad Laminate Market Segments
The global copper clad laminate market is segmented:
1) By Type: Rigid Copper Clad Laminate, Flexible Copper Clad Laminate
2) By Material: Epoxy Resin, Phenolic, Other Materials
3) By End-User: Automotive, Aerospace And Defence, Consumer Electronics,, Healthcare, Industrial, Other End-Users
4) By Geography: The regions covered in the copper clad laminate market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global copper clad laminate market.
Major Copper Clad Laminate Industry Players
Nan Ya Plastics Corporation, Panasonic Holding Corporation, Taiwan Union Technology Corporation, Doosan 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., Cipel Italia S.r.l., Fineline Ltd., Taiwan Elite Material Co. Ltd., Taiwan Taiflex Scientific Co. Ltd., UBE Industries Ltd., Goldenmax International Technology Ltd.
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Copper Clad Laminate Market Overview
Copper clad laminate refers to a particular material that is soaked in resin and reinforced with electronic glass fiber or another material before being copper-clad on one or both sides. It is widely used in electronic devices such as television, radio, computers, mobile phones, and others.
Copper Clad Laminate Global Market Report 2023 provides data on the global copper clad laminate market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The copper clad laminate market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.