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Copper Clad Laminates Market Analysis | 2024-2029
Copper Clad Laminates Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2024-2029
Copper clad laminate is a kind of material that soaks in resin with the electronic glass fiber or other reinforcing materials to make with copper clad on either one side or both sides. They come under different products with uses of different resins which are used in various industries.
The copper clad laminates market was estimated at USD 17.2 billion in 2023.
The copper clad laminates market is likely to reach USD 24.05 billion in 2029.
The copper clad laminates market is likely to grow at a CAGR of 5.7% during 2024-2029.
Taiwan Union Technology Corporation, Guangdong Chaohua Technology Co., Ltd., Doosan Corporation, Grace Electron, NAN YA Plastics Industrial Co., Ltd. Isola Group, Panasonic Corporation, ITEQ Corporation, Sytech Technology Co., Ltd., and Cipel Italia are among the key players in the market.
Asia-Pacific is expected to remain the largest market during the next five years.
The rigid copper clad laminates segment is expected to remain dominant in the market in the coming years.
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.