Global Circuit Materials Market
Global Circuit Materials Market

Global Circuit Materials Market Booming at a CAGR of 4.2% to Estimated $41.8 Billion Growth by 2026

Global 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 (Communications, Industrial Electronics, Automotive, Aerospace & Defense, Others)

Market Analysis: Global Circuit Materials Market

The global 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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Market Definition: Global Circuit Materials Market

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.

Market Drivers:

  • Technological advancements in the electronics sector
  • Advancement in smart phones, touchscreen tablets, laptops and increasing demand for consumer electronics
  • Technological developments in developing economies

Market Restraint:

  • Low supply of copper foil
  • Production of green and energy-efficient products

Brief about Circuit Materials Report with TOC@

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Segmentation: Global Circuit Materials Market

By Material class

  • Substrate
  • Conducting Material

By Substrate

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

By Conducting material

  • Copper
  • Others

By Outer layer

  • Liquid ink photoimageable solder mask
  • Dry film photoimageable
  • Others

By Application

  • Communications
  • Industrial electronics
  • Automotive
  • Aerospace & defense
  • Others

Competitive Landscape: Global Circuit Materials Market

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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Report Related

Global Cladding Market

About Data Bridge Market Research 13983 Articles
Hi, I am Ravi Kumar, a Blogger, Freelancer, SEO Consultant, an Internet Marketer, I am a research analyst who loves to evaluate data relating to Manufacturing industry, Management of companies and enterprises, Finance and insurance, Wholesale trade, Management, scientific, and technical consulting services

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