Electrical & Electronics Composites Market

The electrical & electronics composites market is projected to grow from USD 10.56 billion in 2025 to USD 16.01 billion by 2030, at a CAGR of 8.7% during the forecast period.

The electrical & electronics composites industry is experiencing rapid growth due to the transition of many different industries to produce higher performance, smaller sized, and energy-efficient electronic systems. Composites are continuing to be an increasingly popular choice as the demand for improved thermal management, electrical insulation (dielectric), lightweight, and mechanical strength continues to rise. The rise in consumer electronics, telecommunications, electric vehicle production, and power electronics has created an increased demand for composite materials to support this growth. As manufacturers seek to produce and use more advanced technologies such as 5G, higher power semiconductor devices, IoT (Internet of Things) sensors, and smaller electronic modules, composite materials will provide the manufacturer with a reliable and better heat dissipating alternative to traditional materials, while providing greater design flexibility.

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The shift toward electrification in automotive, renewable energy systems, and industrial automation is speeding up the demand for composite-based circuit boards, housings, connectors, encapsulants, and structural components. As Asia Pacific strengthens its role as the global manufacturing center for electronics, investment in high-performance composite materials and automated composite processing technologies keeps increasing.

Some of the major manufacturers operating in the electrical & electronics composites market are include Toray Industries, Inc. (Japan), Teijin Limited (Japan), Mitsubishi Chemical Holdings Corporation,(Japan) Owens Corning (US), and SGL Group (Germany).

In the past few years, many of the major players have been adopting various growth strategies to strengthen their position in the global electrical & electronics composites market. These growth strategies include agreements, product launches, contracts, collaborations, mergers & acquisitions, partnerships, and research & development activities aimed at expanding their market presence in the electrical & electronics composites market even further.

Toray Industries, Inc. (Japan)

Toray?‍?‌‍?‍‌?‍?‌‍?‍‌ Industries is a top global materials manufacturer that is known for its advanced polymers, carbon fiber composites, high-performance films, and electronic materials that are basically the most critical inputs across the entire electrical and electronics value chain. By leveraging its strong R&D capabilities, the company provides innovative solutions such as engineering plastics, circuit materials, semiconductor-related materials, and optical films used in displays, capacitors, batteries, and wiring components. Toray is a major supplier of technology to the leading electronics OEMs given its ongoing commitment to the next generation of materials such as lightweight composites, heat-resistant resins, and high-function films. In addition, with a wide global footprint and integration from the development of raw materials, manufacturing, and application engineering, Toray Industries is instrumental in the implementation of technological advancements and product performance in the electrical & electronics ?‍?‌‍?‍‌?‍?‌‍?‍‌sector.

Solvay SA (Belgium)

Solvay?‍?‌‍?‍‌?‍?‌‍?‍‌ is a leading global specialty materials and chemical company that is recognized for providing high-performance polymers, advanced composites, and specialty chemicals that are the enablers of reliable and efficient solutions in the electrical and electronics industry. Their portfolio is made up of engineering thermoplastics, specialty fluoropolymers, dielectric materials, conductive additives, and thermal-management solutions that are very versatile and can be used in wiring systems, connectors, semiconductors, batteries, and electronic device components.

Solvay, supported by its strong R&D capabilities and sustainability focus, is committed to developing materials that facilitate miniaturization, durability, heat resistance, and energy efficiency of the future electronics. Equipped with worldwide production facilities and strong relationships with leading OEMs, Solvay is the major player who facilitates the emergence of new ideas and the enhancements of the performance of the electrical & electronics value chain.

Related Reports:

Electrical & Electronics Composites Market by Fiber Type (Glass Fiber Composites, Carbon Fiber Composites, Natural Fiber Composites), Resin Type (Thermoset Composites, Thermoplastic Composites), Manufacturing Process (Lay-up, Compression Molding, Injection Molding, RTM, Filament Winding, Pultrusion), and Region- Global Forecast to 2030

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