HOME Top Market Reports Circuit Materials Market by Material Class (Substrate, Conducting Material, Outer Layer), Substrate (Fiberglass Epoxy, Paper-Phenolic), Conducting Material (Copper), Outer Layer (LIPSM, Dry Film Photoimageable), Application, Region - Global Forecast 2023

Circuit Materials Market by Material Class (Substrate, Conducting Material, Outer Layer), Substrate (Fiberglass Epoxy, Paper-Phenolic), Conducting Material (Copper), Outer Layer (LIPSM, Dry Film Photoimageable), Application, Region - Global Forecast 2023

By: marketsandmarkets.com
Publishing Date: July 2018
Report Code: CH 6440

 

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The market size of circuit materials was USD 29.83 billion in 2017 and is projected to reach USD 36.85 billion by 2023, at a CAGR of 3.8% during the forecast period. The growing demand for circuit materials due to technological advancements in the electronics sector is projected to drive the market during the forecast period. In this study, years that have been considered to estimate the market size for circuit materials are listed below:

  • Base Year – 2017
  • Estimated Year – 2018
  • Projected Year – 2023
  • Forecast Period – 2018–2023

The base year considered for the study is 2017; where information is not available for the base year, the previous year was considered.

Objectives of the Study:

  • To analyze and forecast the size of the circuit materials market, in terms of value
  • To provide detailed information regarding key factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the circuit materials market
  • To define, describe, and forecast the circuit materials market based on material class, substrate, conducting material, outer layer, and application
  • To analyze and forecast the size of the circuit materials market in North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Latin America
  • To strategically profile key players operating in the circuit materials market and analyze their core competencies
  • To analyze market opportunities and the competitive landscape for stakeholders and market leaders
  • To analyze competitive developments, such as partnerships, and new product developments undertaken by key market players

Various secondary sources, such as Factiva, Hoovers, and Manta were used to gain insights for the circuit materials market. Experts from leading companies manufacturing circuit materials were interviewed to verify and collect critical information and to assess the trends in the circuit materials market during the forecast period. The top-down, bottom-up, and data triangulation approaches have been implemented to calculate the exact values of the overall parent and individual market sizes.

Circuit Materials Market

To know about the assumptions considered for the study, download the pdf brochure

The market for circuit materials has a diversified and established ecosystem comprising upstream players, such as raw material suppliers and downstream stakeholders, such as manufacturers, vendors, and end users of circuit materials as well as various government organizations. Leading players operating in the circuit materials market include Shengyi Technology (China), Kingboard Laminates (Hong Kong), ITEQ Corporation (Taiwan), DowDuPont (US), Jinan Guoji Technology (China), Eternal Materials (Taiwan), Rogers Corporation (US), Taiflex Scientific (Taiwan), Isola Group (US), and Nikkan Industries (Japan).

Target Audience

  • Manufacturers of Circuit Materials
  • Suppliers of Raw Materials
  • Distributors and Suppliers of Circuit Materials
  • End-use Industries
  • Industry Associations

“This study answers several questions for stakeholders, primarily which market segments they need to focus upon, during the next 2 to 5 years to prioritize their efforts and investments.”

Scope of the Report:

This research report categorizes the circuit materials market based on material class, substrate, conducting material, outer layer, application, and region. It forecasts revenue growth and analyzes trends in each of these submarkets.

Circuit Materials Market, by Material Class:

  • Substrate
  • Conducting Material
  • Outer Layer

Circuit Materials Market, by Substrate:

  • Fiberglass-Epoxy
  • Paper-Phenolic
  • CEM
  • Polyimide
  • Others

Circuit Materials Market, by Conducting Material:

  • Copper
  • Others

Circuit Materials Market, by Outer Layer

  • Liquid Ink Photoimageable Solder Mask
  • Dry Film Photoimageable
  • Others

Circuit Materials Market, by Application

  • Communications
  • Industrial Electronics
  • Automotive
  • Aerospace & Defense
  • Others

Circuit Materials Market, by Region

  • Asia Pacific (APAC)
  • North America
  • Europe
  • Middle East & Africa (MEA)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to specific needs of companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which offers a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the Asia Pacific circuit materials market  
  • Further breakdown of the North America circuit materials market
  • Further breakdown of the Europe circuit materials market
  • Further breakdown of the Latin America circuit materials market
  • Further breakdown of the Middle East & Africa circuit materials market

Company Information

  • Detailed analysis and profiles of additional market players

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Circuit Materials Market
    4.2 Circuit Materials Market, By Substrate
    4.3 Circuit Materials Market, By Conducting Material and Region
    4.4 Circuit Materials Market, By Outer Layer
    4.5 Circuit Materials Market, By Application
    4.6 Circuit Materials Market, By Country

5 Market Overview (Page No. - 34)
    5.1 Market Dynamics
           5.1.1 Drivers
                    5.1.1.1 Technological Advancements in the Electronics Sector
           5.1.2 Restraints
                    5.1.2.1 Low Supply of Copper Foil
           5.1.3 Opportunities
                    5.1.3.1 Technological Developments in Developing Economies
           5.1.4 Challenges
                    5.1.4.1 Production of Green and Energy-Efficient Products
    5.2 Porter’s Five Forces Analysis
           5.2.1 Threat of New Entrants
           5.2.2 Threat of Substitutes
           5.2.3 Bargaining Power of Suppliers
           5.2.4 Bargaining Power of Buyers
           5.2.5 Intensity of Competitive Rivalry

6 Circuit Materials Market, By Material Class (Page No. - 39)
    6.1 Introduction
    6.2 Substrate
    6.3 Conducting Material
    6.4 Outer Layer

7 Circuit Materials Market, By Substrate (Page No. - 43)
    7.1 Introduction
    7.2 Fiberglass-Epoxy
    7.3 Paper-Phenolic
    7.4 CEM
    7.5 Polyimide
    7.6 Others

8 Circuit Materials Market, By Conducting Material (Page No. - 49)
    8.1 Introduction
    8.2 Copper
    8.3 Others

9 Circuit Materials Market, By Outer Layer (Page No. - 53)
    9.1 Introduction
    9.2 Liquid Ink Photoimageable Solder Mask
    9.3 Dry Film Photoimageable
    9.4 Others
           9.4.1 Epoxy Liquid
           9.4.2 Top and Bottom Side Masks

10 Circuit Materials Market, By Application (Page No. - 58)
     10.1 Introduction
     10.2 Communications
     10.3 Industrial Electronics
     10.4 Automotive
     10.5 Aerospace & Defense
     10.6 Others

11 Circuit Materials Market, By Region (Page No. - 64)
     11.1 Introduction
     11.2 APAC
             11.2.1 China
             11.2.2 Taiwan
             11.2.3 South Korea
             11.2.4 Japan
             11.2.5 India
     11.3 North America
             11.3.1 US
             11.3.2 Canada
     11.4 Europe
             11.4.1 Germany
             11.4.2 Italy
             11.4.3 France
             11.4.4 UK
     11.5 Latin America
             11.5.1 Brazil
             11.5.2 Mexico
             11.5.3 Argentina
     11.6 Middle East & Africa (MEA)
             11.6.1 Israel
             11.6.2 South Africa

12 Competitive Landscape (Page No. - 88)
     12.1 Overview
     12.2 Competitive Scenario
             12.2.1 New Product Developments
             12.2.2 Partnerships

13 Company Profiles (Page No. - 91)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     13.1 Shengyi Technology Co., Ltd.
     13.2 Kingboard Laminates Holdings Ltd.
     13.3 ITEQ Corporation
     13.4 Dowdupont
     13.5 Jinan Guoji Technology Co., Ltd.
     13.6 Eternal Materials Co., Ltd.
     13.7 Rogers Corporation
     13.8 Taiflex Scientific Co., Ltd.
     13.9 Isola Group
     13.10 Nikkan Industries Co., Ltd.
     13.11 Other Companies
             13.11.1 Panasonic Corporation
             13.11.2 Mitsubishi Materials Corporation
             13.11.3 Park Electrochemical Corporation
             13.11.4 Nikko-Materials Co., Ltd.
             13.11.5 D. D. Enterprises
             13.11.6 Taconic
             13.11.7 Arlon Electronic Materials
             13.11.8 Shanghai Nanya Copper Clad Laminate Co., Ltd.
             13.11.9 Ventec International Group
             13.11.10 Tamura Corporation
             13.11.11 International Laminate Material Ltd
             13.11.12 Tongling Huake Electronic Material Co., Ltd.
             13.11.13 NAM Hing Industrial Laminate Ltd
             13.11.14 Chang Chun Group
             13.11.15 Doosan Corporation Electro-Materials

*Details Might Not Be Captured in Case of Unlisted Companies

14 Appendix (Page No. - 117)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets Subscription Portal
     14.3 Introducing RT: Real-Time Market Intelligence
     14.4 Available Customizations
     14.5 Related Reports
     14.6 Author Details


List of Tables (62 Tables)

Table 1 Circuit Materials Market Size, By Material Class, 2016–2023 (USD Million)
Table 2 Substrate: By Market Size, By Region, 2016–2023 (USD Million)
Table 3 Conducting Material: By Market Size, By Region, 2016–2023 (USD Million)
Table 4 Outer Layer: By Market Size, By Region, 2016–2023 (USD Million)
Table 5 Circuit Materials Market Size, By Substrate, 2016–2023 (USD Million)
Table 6 Fiberglass-Epoxy: Circuit Materials Market Size, By Region, 2016–2023 (USD Million)
Table 7 Paper-Phenolic: By Market Size, By Region, 2016–2023 (USD Million)
Table 8 CEM: By Market Size, By Region, 2016–2023 (USD Million)
Table 9 Polyimide: By Market Size, By Region, 2016–2023 (USD Million)
Table 10 Others: By Market Size, By Region, 2016–2023 (USD Million)
Table 11 Circuit Materials Market Size, By Conducting Material, 2016–2023 (USD Million)
Table 12 Copper: By Market Size, By Region, 2016–2023 (USD Million)
Table 13 Others: By Market Size, By Region, 2016–2023 (USD Million)
Table 14 Circuit Materials Market Size, By Outer Layer, 2016–2023 (USD Million)
Table 15 Liquid Ink Photoimageable Solder Mask: Circuit Materials Market Size, By Region, 2016–2023 (USD Million)
Table 16 Dry Film Photoimageable: Circuit Materials Market Size, By Region, 2016–2023 (USD Million)
Table 17 Others: Circuit Materials Market Size, By Region, 2016–2023 (USD Million)
Table 18 Circuit Materials Market Size, By Application, 2016–2023 (USD Million)
Table 19 By Market Size in Communications, By Region, 2016–2023 (USD Million)
Table 20 By Market Size in Industrial Electronics, By Region, 2016–2023 (USD Million)
Table 21 By Market Size in Automotive, By Region, 2016–2023 (USD Million)
Table 22 By Market Size in Aerospace & Defense, By Region, 2016–2023 (USD Million)
Table 23 By Market Size in Other Applications, By Region, 2016–2023 (USD Million)
Table 24 By Market Size, By Region, 2016–2023 (USD Million)
Table 25 APAC: Circuit Materials Market Size, By Material Class, 2016–2023 (USD Million)
Table 26 APAC: By Market Size, By Substrate, 2016–2023 (USD Million)
Table 27 APAC: By Market Size, By Conducting Material, 2016–2023 (USD Million)
Table 28 APAC: By Market Size, By Outer Layer, 2016–2023 (USD Million)
Table 29 APAC: By Market Size, By Application, 2016–2023 (USD Million)
Table 30 China: Circuit Materials Market Size, By Application, 2016–2023 (USD Million)
Table 31 Taiwan: By Market Size, By Application, 2016–2023 (USD Million)
Table 32 South Korea: By Market Size, By Application, 2016–2023 (USD Million)
Table 33 Japan: By Market Size, By Application, 2016–2023 (USD Million)
Table 34 India: By Market Size, By Application, 2016–2023 (USD Million)
Table 35 APAC: By Market Size, By Country, 2016–2023 (USD Million)
Table 36 North America: Circuit Materials Market Size, By Material Class, 2016–2023 (USD Million)
Table 37 North America: By Market Size, By Substrate, 2016–2023 (USD Million)
Table 38 North America: By Market Size, By Conducting Material, 2016–2023 (USD Million)
Table 39 North America: By Market Size, By Outer Layer, 2016–2023 (USD Million)
Table 40 North America: By Market Size, By Application, 2016–2023 (USD Million)
Table 41 US: By Market Size, By Application, 2016–2023 (USD Million)
Table 42 North America: By Market Size, By Country, 2016–2023 (USD Million)
Table 43 Europe: Circuit Materials Market Size, By Material Class, 2016–2023 (USD Million)
Table 44 Europe: By Market Size, By Substrate, 2016–2023 (USD Million)
Table 45 Europe: By Market Size, By Conducting Material, 2016–2023 (USD Million)
Table 46 Europe: By Market Size, By Outer Layer, 2016–2023 (USD Million)
Table 47 Europe: By Market Size, By Application, 2016–2023 (USD Million)
Table 48 Europe: By Market Size, By Country, 2016–2023 (USD Million)
Table 49 Latin America: Circuit Materials Market Size, By Material Class, 2016–2023 (USD Million)
Table 50 Latin America: By Market Size, By Substrate, 2016–2023 (USD Million)
Table 51 Latin America: By Market Size, By Conducting Material, 2016–2023 (USD Million)
Table 52 Latin America: By Market Size, By Outer Layer, 2016–2023 (USD Million)
Table 53 Latin America: By Market Size, By Application, 2016–2023 (USD Million)
Table 54 Latin America: By Market Size, By Country, 2016–2023 (USD Million)
Table 55 MEA: Circuit Materials Market Size, By Material Class, 2016–2023 (USD Million)
Table 56 MEA: By Market Size, By Substrate, 2016–2023 (USD Million)
Table 57 MEA: By Market Size, By Conducting Material, 2016–2023 (USD Million)
Table 58 MEA: By Market Size, By Outer Layer, 2016–2023 (USD Million)
Table 59 MEA: By Market Size, By Application, 2016–2023 (USD Million)
Table 60 MEA: By Market Size, By Country, 2016–2023 (USD Million)
Table 61 New Product Developments, 2015–2018
Table 62 Partnerships, 2016


List of Figures (45 Figures)

Figure 1 Circuit Materials: Market Segmentation
Figure 2 Circuit Materials Market: Research Design
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Market Size Estimation: Top-Down Approach
Figure 5 Circuit Materials Market: Data Triangulation
Figure 6 Substrate Segment to Account for the Largest Market Share
Figure 7 Fiberglass-Epoxy Segment to Record the Highest Market Growth
Figure 8 Copper Continues to Be the Widely Used Conducting Material
Figure 9 Liquid Ink Photoimageable Solder Mask Segment to Register the Highest CAGR
Figure 10 Communications Application to Lead the Circuit Materials Market
Figure 11 China to Be the Dominant Circuit Materials Market
Figure 12 APAC to Lead the Circuit Materials Market
Figure 13 Technological Advancements in Various Sectors to Drive the Demand for Circuit Materials
Figure 14 Fiberglass-Epoxy Segment to Witness the Highest Growth
Figure 15 Copper Was the Largest Conducting Material Segment in 2017
Figure 16 Liquid Ink Photoimageable Solder Mask Continues to Be the Most Used Outer Layer
Figure 17 Communications Application to Lead the Circuit Materials Market
Figure 18 India to Be the Fastest-Growing Circuit Materials Market
Figure 19 Overview of Factors Governing the Circuit Materials Market
Figure 20 Circuit Materials Market: Porter’s Five Forces Analysis
Figure 21 Substrate Segment to Dominate the Circuit Materials Market
Figure 22 Fiberglass-Epoxy Substrate to Be the Highly Used Circuit Material
Figure 23 APAC to Lead the Fiberglass-Epoxy Substrate Segment
Figure 24 Copper to Dominate the Circuit Materials Market
Figure 25 APAC to Be the Largest Circuit Materials Market in the Copper Segment
Figure 26 Liquid Ink Photoimageable Solder Mask to Dominate the Circuit Materials Market
Figure 27 APAC to Lead the Market in the Liquid Ink Photoimageable Solder Mask Segment
Figure 28 Communications Application to Account for the Largest Share in the Circuit Materials Market
Figure 29 APAC to Dominate the Communications Application Segment
Figure 30 India to Register the Highest CAGR of the Circuit Materials Market
Figure 31 APAC: Circuit Materials Market Snapshot
Figure 32 North America: Circuit Materials Market Snapshot
Figure 33 Europe: Circuit Materials Market Snapshot
Figure 34 Companies Adopted New Product Developments as the Key Growth Strategy Between 2015 and 2018
Figure 35 Shengyi Technology: SWOT Analysis
Figure 36 Kingboard Laminates: Company Snapshot
Figure 37 Kingboard Laminates: SWOT Analysis
Figure 38 ITEQ Corporation: Company Snapshot
Figure 39 ITEQ Corporation: SWOT Analysis
Figure 40 Dowdupont: Company Snapshot
Figure 41 Dowdupont: SWOT Analysis
Figure 42 Jinan Guoji Technology: Company Snapshot
Figure 43 Jinan Guoji Technology: SWOT Analysis
Figure 44 Rogers Corporation: Company Snapshot
Figure 45 Taiflex Scientific: Company Snapshot

The circuit materials market size is estimated to be USD 30.58 billion in 2018 and is projected to reach USD 36.85 billion by 2023, at a CAGR of 3.8% between 2018 and 2023. The growth of the circuit materials market can be attributed to their property of high conductivity which is increasing their demand in the electronics sector.

The circuit materials market has been segmented on the basis of material class, substrate, conducting material, outer layer, application, and region. Based on material class, the circuit materials market has been classified into substrate, conducting material, and outer layer. The fiberglass-epoxy is the most demanded substrate of circuit materials. The growth of the fiberglass-epoxy substrate segment can be attributed to the high focus of manufacturers on the products offering better properties such as high strength and high resistance to fire. This led fiberglass-epoxy substrate to account for a large share of the global circuit materials market.

Based on conducting material, the circuit materials market has been classified into copper and others. The copper segment is expected to lead the circuit materials market during the forecast period, in terms of value. The growth is attributed to the high conductivity and better adaptability of copper with various types of substrate materials.

Based on the outer layer, the circuit materials market has been segmented into liquid ink photoimageable solder mask, dry film photoimageable, and others. The liquid ink photoimageable solder mask segment is projected to lead the market during the forecast period, in terms of value. The growth of this segment can be attributed to its properties such as excellent corrosion resistance which increases the shelf life of electronic devices.

Communications is the largest application of circuit materials. The circuit materials are used in printed circuit boards of various communication devices such as mobile phones, smart tablets, and internet devices. Owing to the ability to provide enhanced conductivity on compact printed circuit boards, the use of circuit materials has increased in the communications application.

Circuit Materials Market

APAC is the largest market for circuit materials, in terms of value. The growth of the market in APAC can be attributed to the growing communications, industrial electronics, and automotive applications in this region. The market in the region is projected to register the highest CAGR between 2018 and 2023, in terms of value, owing to the increasing demand for technologically advanced electronic products in various applications. The increasing demand in the APAC has led to innovations and developments in the electronics industry, making it a prominent circuit materials market, globally. Also, the growth and innovations in the automotive industry in the country are estimated to impact the circuit materials market positively.

Low supply of copper foils for the growing electronic industry act as key restraints to the growth of the circuit materials market.

Shengyi Technology (China), Kingboard Laminates (Hong Kong), ITEQ Corporation (Taiwan), DowDuPont (US), Jinan Guoji Technology (China), Eternal Materials (Taiwan), Rogers Corporation (US), Taiflex Scientific (Taiwan), Isola Group (US), and Nikkan Industries (Japan) are key players operating in the circuit materials market. These key players offer a wide range of circuit materials to strengthen their competitive positions and cater to the growing demand for circuit materials from the communications, industrial electronics, automotive, and aerospace & defense applications.

Shengyi Technology (China) is one of the major players in the circuit materials market. The company focuses on expanding its product portfolio and gaining a competitive edge over other players in the circuit materials market.

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