A circuit board is an electronic circuit which is used in electronic devices to provide mechanical support. Conductive pathways, tracks or signal traces are inscribed from copper sheets laminated to a non-conductive substrate which is converted by circuit board via electronic component. Generally circuit board is made of sockets, ICs, cables and plastic laminates. These are the main components for most of the electronics products which are present in the market. Normally circuit boards are attached to every electronic device such as TVs, smartphones, washing machines and coffee maker. Circuit board in healthcare services is utilized as a part of different gadgets which assist the doctor in surgical operations. Circuit board is utilized as a part of assembling drugs and different medicines at industry level in pharmaceutical industry. According to Statista, in the year 2017, the DowDupont generated a total of USD 138 million from electronics and imaging market. Thus, these factors enhances the growth of this market.
Circuit Materials Market is expected to reach USD 41.8 billion by 2025, from USD 30.83 billion in 2017 growing at a CAGR of 4.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Recent Market Developments:
- According to Statista, in the year 2017, the DowDupont generated a total of USD 138 million from electronics and imaging market.
- In August 2017:- DowDuPont announced the successful completion of the merger of equals between The Dow Chemical Company (“Dow”) and E.I. du Pont de Nemours & Company (“DuPont”). The combined entity is operating as a holding company under the name “DowDuPont™” with three divisions – Agriculture, Materials Science and Specialty Products.
Market Key Players:
- Shengyi Technology Co., Ltd.
- Kingboard Laminates Holdings Ltd.
- ITEQ Corporation
- Jinan Guoji Technology Co., Ltd.
- Eternal Materials Co., Ltd.,
- Rogers Corporation,
- Taiflex Scientific Co., Ltd.
- Isola Group,
- Nikkan Industries Co., Ltd.,
- Panasonic Corporation,
- Mitsubishi Materials Corporation,
- Park Electrochemical Corporation,
- Nikko-Materials Co., Ltd.,
- D. Enterprises,
- Arlon Electronic Materials,
- Shanghai Nanya Copper Clad Laminate Co., Ltd.,
- Ventec International Group,
- Tamura Corporation,
- International Laminate Material Ltd,
- Tongling Huake Electronic Material Co., Ltd.,
- NAM Hing Industrial Laminate Ltd,
- Chang Chun Group,
- Doosan Corporation Electro-Materials
- And Other .
The global circuit materials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of circuit materials market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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Market Drivers and Restraints:
- Technological advancements in the electronics sector
- Advancement in smart phones, touchscreen tablets, laptops and increasing demand for consumer electronics
- Technological developments in developing economies
- Low supply of copper foil
- Production of green and energy-efficient products
Circuit Materials Market Segmentation:
By Material class
- Conducting Material
By Conducting material
By Outer layer
- Liquid ink photoimageable solder mask
- Dry film photoimageable
- Industrial electronics
- Aerospace & defense
- Asia Pacific
- North America
- South America
- Middle East & Africa
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