The Circuit Materials Market Is Segmented by Material Class Type (Substrate, Conducting Material, Outer Layer), by Substrate Type (Fiberglass Epoxy, Paper-Phenolic, CEM, Polyimide, and Others), by Conducting Material Type (Copper and Others), by Outer Layer Type (Liquid Ink Photoimageable Solder Mask, Dry Film Photoimageable, and Others), by Application Type (Communications, Industrial Electronics, Automotive, Aerospace & Defense, and Others) and by Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, The UK, Russia, and Rest of Europe], Asia-Pacific [China, Japan, South Korea, India, and Rest of Asia-Pacific], and Rest of the World [Brazil, Saudi Arabia, and Others]).
The Circuit Materials Market Is Segmented by Material Class Type (Substrate, Conducting Material, Outer Layer), by Substrate Type (Fiberglass Epoxy, Paper-Phenolic, CEM, Polyimide, and Others), by Conducting Material Type...
Circuit materials are a crucial component of the electronics industry, serving as the foundation for electronic circuits. Circuit materials find extensive application in a wide range of electronic devices, including smartphones, computers, automotive systems, aerospace equipment, and consumer electronics. They enable the seamless flow of electrical signals, ensuring optimal performance and reliability.
Circuit Materials Market Highlights
Market Growth (2023-2028)
4.1% CAGR
Base Year of Study
2022
Trend Period
2017-2021
Forecast Period
2023-2028
Market Drivers
The increasing demand for high-performance electronic devices, such as smartphones, tablets, and wearable technology, combined with the rise of emerging technologies like 5G, the Internet of Things (IoT), and autonomous vehicles, is fueling the need for advanced circuit materials with enhanced electrical conductivity, high-frequency performance, and thermal management capabilities. Furthermore, the growing emphasis on sustainability and eco-friendly practices is also driving the demand for circuit materials that are environmentally friendly and compliant with regulations.
COVID-19 Impact
The COVID-19 pandemic had a significant impact on the circuit materials market, causing disruptions in the global supply chain and manufacturing operations. The lockdown measures and reduced consumer spending resulted in a temporary decline in demand. However, with the gradual easing of restrictions and the resumption of economic activities in 2021, market demand for circuit materials started to recover and eventually reached its pre-COVID levels.
Segment Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Material Class-Type Analysis
Substrate, Conducting Material, Outer Layer
The substrate material segment is anticipated to remain dominant in the years to come.
Substrate-Type Analysis
Fiberglass Epoxy, Paper-Phenolic, CEM, Polyimide, and Others
Fiberglass epoxy is expected to remain dominant in the years to come.
Conducting Material-Type Analysis
Copper and Others
Copper is expected to remain the dominant conducting material type in the years to come.
Outer Layer-Type Analysis
LIPSM, Dry Film Photoimageable, and Others
LIPSM is anticipated to remain the leading segment in the years to come.
Application-Type Analysis
Communications, Industrial Electronics, Automotive, Aerospace & Defense, and Others
Communications is estimated to remain the largest application type in the years to come.
Regional Analysis
North America, Europe, Asia-Pacific, and The Rest of the World
Asia-Pacific is expected to emerge as the fastest-growing market over the next five years.
Conducting Material Trends
"Thecopper segment is poised to emerge as the frontrunner in the circuit materials market"
The circuit materials market is segmented into copper and others. The copper segment is poised to emerge as the frontrunner in the circuit materials market during the projected period. This growth can be attributed to the remarkable conductivity of copper and its superior adaptability to a wide range of substrate materials.
Outer Layer Trends
"Liquid ink photoimageable solder mask (LIPSM) segment is predicted to be the market leader"
The circuit materials market is segmented into LIPSM, dry film photoimageable, and others. The liquid ink photoimageable solder mask (LIPSM) segment is predicted to be the market leader during the forecast period. This segment's growth is driven by its beneficial properties, such as excellent corrosion resistance, which effectively extends the lifespan of electronic devices.
Application Trends
"Communications segment represents the largest application of circuit materials"
The circuit materials market is segmented into communications, industrial electronics, automotive, aerospace & defense, and others. The communications segment represents the largest application of circuit materials.These materials are utilized in the printed circuit boards of communication devices like mobile phones, tablets, and internet devices. The growing adoption of circuit materials in this application can be attributed to their ability to enhance conductivity on compact printed circuit boards.
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Regional Analysis
"Asia-Pacific is expected to remain the largest and fastest-growing market for circuit materials"
Asia-Pacific is expected to remain the largest and fastest-growing market for circuit materials during the forecast period. This growth can be attributed to the expanding applications in the communications, industrial electronics, and automotive sectors. The increasing demand for technologically advanced electronic products across various industries has driven the growth of the circuit materials market in APAC. This region has witnessed significant innovations and developments in the electronics industry, establishing it as a prominent global market for circuit materials. Additionally, the growth and advancements in the automotive sector within APAC are expected to positively impact the circuit materials market.
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key Players
The market is highly populated, with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors, including price, product offerings, regional presence, etc. The following are the key players in the circuit materials market (arranged alphabetically)
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the global market.
What Deliverables Will You Get in this Report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Circuit Materials Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country-level historical data and forecasts
Which are the most attractive market segments?
Market Segment Analysis and Forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirements?
10% free customization
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
We conducted more than 10 detailed primary interviews with the lithium-ion battery market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Customization Option
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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The circuit materials market is estimated to grow at a CAGR of 4.1% by 2028, driven by the increasing demand for high-performance electronic devices and the rise of emerging technologies like 5G and the Internet of Things (IoT).
Asia-Pacific is estimated to be the fastest-growing market for circuit materials market in the foreseeable future. This is attributable to the increasing demand for technologically advanced electronic products and significant innovations and developments in the electronics industry in the region.
Copper is estimated to remain dominant in the circuit materials market in the foreseeable future owing to its remarkable conductivity and superior adaptability to a wide range of substrate materials.
The communications segment is estimated to remain dominant in the circuit materials market in the foreseeable future. The growing adoption of circuit materials in this application can be attributed to their ability to enhance conductivity on compact printed circuit boards.
