Market Highlights
The rigid copper clad laminates (RCCL) market stands at the forefront of modern electronics, providing the essential foundation for printed circuit boards (PCBs) used in electronic devices. The type of laminate chosen determines the stability and overall performance of the PCB. For selecting the right laminate, three parameters are primarily taken into consideration- the Coefficient of Thermal Expansion (CTE), Glass Transition Temperature (Tg), and the Dielectric Constant (Dk).
In 2020, the global economic environment was dampened by the COVID-19 outbreak, which affected both global logistics and supply chains. However, the PCB market remained resilient to demand and supply challenges, favoring the demand for rigid copper clad laminates too. Worldwide lockdowns and production halts slightly impacted the revenues of laminators. The market experienced a significant surge in 2021, propelled by the pent-up demand accumulated in 2020 and marked by double-digit year-on-year growth.
The long-term market outlook seems propitious with the continuously increasing demand in emerging sectors, especially those concerning 5G communications. Also, a gradual shift towards advanced and high-value-adding products such as thin, high-frequency, high-speed, and halogen-free laminates will create new revenue pockets for market stakeholders. Overall, the rigid copper clad laminates market is estimated to grow at a decent CAGR of 5.8% during the forecast period to reach a value of US$ 24.9 Billion in 2028.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Material-Type Analysis
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FR-4, FR-4 High Tg, FR-4 Halogen Free, Paper, CEM, and Special & Others
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FR-4 is anticipated to remain the dominant material for rigid copper clad laminates in the years to come.
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Application-Type Analysis
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Consumer Electronics, Computer & Peripherals, Communication, Automotive, Aviation, and Others
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Communication is expected to be the biggest demand generator for rigid copper clad laminates during the forecast period.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Asia-Pacific is expected to remain the largest market over the next five years, whereas North America is likely to grow at the fastest rate.
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Based on the material type, the market is classified as FR-4, FR-4 high Tg, FR-4 halogen-free, paper, CEM, and special & others. FR-4 is expected to remain the most sought-after material type for PCB applications during the forecast period. The plethora of properties offered by FR-4, such as a good strength-to-weight ratio, close to zero water absorption, good fabrication characteristics, and the ability to retain its high mechanical values and electrical insulating qualities in dry as well as humid conditions, make it an attractive option for a wide variety of electrical and mechanical applications. Very similar to FR-4 in structure, a slightly cheaper laminate type is CEM (CEM-3).
By region, Asia-Pacific is expected to remain the largest market for rigid copper clad laminates over the forecast period. In addition to that, the region is likely to witness healthy market growth in the coming years. China, Taiwan, Japan, and South Korea are the preferred manufacturing destinations for copper clad laminates in the region. Because of its sturdy political environment, plenteous natural and human resources, favorable national policies, and constantly rising international influence, China remains a leading giant in electronics manufacturing worldwide. Also, the progress in consumer electronics and telecommunications products is opening new avenues in the regional market. The growing adoption of smart devices paired with the presence of a huge number of PCB makers in the region indicates a high production of PCBs in the region, which, in turn, is likely to generate substantial demand for rigid copper clad laminates in the region.
Key Players
The rigid copper clad laminate industry is highly concentrated. After ages of market-oriented competition, a relatively concentrated and stable supply pattern has been formed. The top five players occupy 55% share, while the top ten enjoy >70% share. Rigid CCL suppliers possess stronger bargaining power owing to the higher industry concentration, with which they ensure a high-profit margin. The following are some of the key players in the rigid copper clad laminates market:
- Kingboard Laminates Holdings Ltd.
- Shengyi Technology Co., Ltd. (SYTECH)
- Nan Ya Plastics Corporation
- Elite Material Co. Ltd. (EMC)
- ITEQ Corporation
- Panasonic Holdings Corporation
- GDM (Jin'an Guoji)
- Taiwan Union Technology Corporation
- Nanya New Materials
- Doosan Corporation Electro-Materials
Raw materials account for a significant share of the laminate cost; therefore the cost control of raw materials exercises a strong influence on the earnings of laminate suppliers. Some players like Kingboard Laminates and Nan Ya Plastics also produce upstream materials like copper foil, bleached wood pulp paper, epoxy resin, and fiberglass cloth, they have a cost advantage over other key players in the industry.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s rigid copper clad laminates market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
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 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for existing and new players
- Key success factors
The rigid copper clad laminates market is segmented into the following categories.
Rigid Copper Clad Laminates Market, by Material Type
- FR-4 (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- FR-4 High Tg (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- FR-4 Halogen Free (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Paper (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- CEM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Special & Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Rigid Copper Clad Laminates Market, by Application Type
- Consumer Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Computer & Peripherals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Communication (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Aviation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Rigid Copper Clad Laminates Market, by Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, Italy, France, The UK, and The Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, South Korea, and The Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Central & South America and Others)
Report Customization Options
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
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
