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Circuit Materials Market by Material Class, Substrate, Conducting Material, Outer Layer, Application, Region - Global Forecast 2023

Circuit Materials Market: Global Forecast

  • July 2018
  • 124 pages
  • ID: 5474775
In this report:
The automotive segment is expected to record a CAGR of ##.##% during the forecast period, due to the high demand for electrical and automated cars globally.
The material class segment is expected to record a CAGR of ##.##% during the forecast period owing to its demand for industrial electronics and automotive applications.

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The circuit materials market is forecasted to record a CAGR (Compound annual growth rate) of 3.80 percent, in terms of value importance, between 2018 and 2023

The circuit materials market size is expected to be ~$30.6B in 2018 and is projected to extend ~$36.8B by 2023, at a compound annual growth rate (CAGR) of 3.80 percent between 2018 and 2023. The growing demand for circuit materials due to technological advancements in the electronics market is the most significant factor expected to drive the industry. The technological developments in the developing economies are also contributing to the circuit materials market increase. Nevertheless, the low supply of copper foil to the electronic sector is acting as a restraint to the market rise.

The copper conducting material segment of the circuit materials market is expected to record the maximal CAGR (Compound annual growth rate), in terms of value concern, during the outlook period

Copper is used as a conducting layer on the several types of substrates including fiberglass-epoxy, paper-phenolic, and CEM.The use of copper as a conducting material affords excellent current conductivity and electromagnetic shielding which enhances the performance of different electronic devices.

Also, when copper is applied on several substrates, it can be chemically etched to divide the copper layer into separate conducting lines called tracks or circuit traces.This chemical etching process is easy to achieve with copper compared to other conducting materials.

The ease of chemical processing and better conductivity have increased the industry demand for copper as a conducting material and has helped it to register the maximal compound annual growth rate (CAGR) during the estimate period.

The circuit materials market in the Asia-Pac regions is expected to record the highest CAGR (Compound annual growth rate), in terms of value significance, between 2018 and 2023

The circuit materials market in the Asia-Pacific regions is expected to register the highest compound annual growth rate (CAGR), in terms of value importance, during the outlook period as Asia-Pac is one of the promising circuit materials sectors.The continuous increase in the production of technologically advanced electronic products has resulted in strong demand for circuit materials.

This rising demand for technologically advanced electronic products in different applications including communications, industrial electronics, and automotive has led to innovations and advancements in the electronics industry of APAC making it a promising circuit materials market, globally.

In the process of finding out and checking the market value for various segments and sub-segments collected by secondary research, extensive primary audit sessions have been conducted as follows:

• By Type of company- tier 1 - 37.0 percent, Tier 2 - 42.0 percent, and Tier 3 - 21.0 percent

• By Designation- C level - 30.0 percent, D-level - 25.0 percent, and Others - 45.0 percent

• By Region- APAC - 40.0 percent, Europe (EU) - 27.0 percent, North America continent - 20.0 percent, Middle East (ME) & African continent - 7.0 percent, and Latin America area - 6.0 percent

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Segment Research

This industry report includes the circuit materials market and forecasts the size of the market until 2023.The industry report includes the segmentation of the circuit materials market established on material class, substrate, conducting material, outer layer, application, and area.

Porter's Five Forces analysis and top market dynamics including drivers, industry restraints, opportunities, and alternatives influencing the increase of the circuit materials market have been discussed in the study. The analysis also offers company descriptions and competitive benchmarking of main actors operating in the sector.

Benefits of Buying the Report:

The market research is expected to benefit industry top players/new sector entrants in the circuit materials market in these ways:

• This document breaks down the circuit materials market and offers the closest approximation of revenues for the global market and its sub-segments across several verticals and localities.

• The report benefits partners distinguish the pulse of the sector and offers info on key market drivers, market restraints, opportunities, and opportunities of the circuit materials market.

• this business report is also anticipated to help partners comprehend their players and obtain business insights to better their positions in the circuit materials market. The competitive outlook section includes the ecosystem of competitors and exhaustive information on new industry product developments and alliances.

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