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Circuit Materials Market Overview
Circuit Materials Market size is forecast to reach $34 billion by 2025, after growing at a CAGR of 3.75% during 2020-2025. With rise in growing demand for circuit materials due to technological advancements in the electronics sector is projected to drive the market during the forecast period. Growing innovations and technology will further enhance the overall market demand for Circuit Materials during the forecast period.
Report Coverage
The report: “Circuit Materials Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Circuit Materials Industry.
By Type – Material Class, Conducting Material, Outer Layer, Others.
By End Use – Electrical & Electronics, Automotive, Aerospace & Defense, Others.
By Geography – North America, South America, Europe, APAC, RoW.
Key Takeaways
- Asia-Pacific dominates the Circuit Materials market owing to increasing demand from various end use industries such as Electrical & Electronics, Automotive, among Others.
- Circuit materials enable the designer and manufacturer of complex circuits to deliver high-performance solutions, will increase the market demand for Circuit Materials in the near future.
- The rapid growth of bandwidth-intensive high-speed data transmission, the expansion of the internet, the emergence of cloud computing and the evolution of increasingly complex communications technology, is likely to aid in the market growth of Circuit Materials.
- COVID 19 pandemic will create small hurdles for the Circuit Materials market.
Type - Segment Analysis
Material class segment holds the largest share in the Circuit Materials market. Printed circuit board is the most important part of electronics. Alternately, the acronym has also accounted for printed wiring boards and printed wiring cards, which are essentially the same thing. Due to the crucial role of these boards in everything from computers to calculators, PC board material selection should be undertaken with care and knowledge for electrical necessities of a given piece of equipment. As an increasing variety of everyday electronic components began to rely on circuit boards, the race was on to develop simpler, more compact alternatives, and this led to the development of the material, PCB. With PCB materials, circuits can be routed between a host of different components. The metal that facilitates the transfer of current between the board and any attached components is known as solder, which also serves a dual purpose with its adhesive qualities.
End Use - Segment Analysis
Electrical & Electronic sector has been the primary market for Circuit Materials, as PCB boards are vastly used in these industries. An electronic circuit is a structure that directs and controls electric current to perform various functions including signal amplification, computation, and data transfer. It comprises several different components such as resistors, transistors, capacitors, inductors, and diodes. Conductive wires or traces are used to connect the components to each other. However, a circuit is complete only if it starts and ends at the same point, forming a loop. Modern technology, electronic circuit building process has been completely automated, especially for building ICs and PCBs.
Geography - Segment Analysis
APAC dominated the Circuit Materials market with a share of more than xx%, followed by North America and Europe. Countries such as China, Taiwan, South Korea are major market in this region. A printed circuit board needs structure and shape. It also needs a platform or canvass to hold all of its other components. This is the job of the substrate. The characteristics of the substrate will affect how the PCB performs. For example, a rigid substrate may add strength and durability to the PCB. A flexible substrate allows for more design options. As the PCB industry continues to evolve, we are seeing the use of many different kinds of substrates, everything from solid fiberglass to flexible polymers. Traditionally, fiberglass has been the most common form of substrate. It is a low-cost, highly reliable material that provides a good, solid base for the PCB.
Circuit Materials Market Drivers
Rapidly growth of high-speed data transmission
With the coming 5G technology, the need has grown for a high-speed data transmission infrastructure that can accommodate the ever-growing volume of bits transferred from one place to another is favoring market growth of Circuit Materials. As so much data moves across the network, fiber optic technologies will enable the current cable infrastructure to manage increased internet traffic far into the future — saving energy and cost, while doubling capacity. Owing to this the circuit materials market is expected to grow
Implementation of Stringent Regulations
Governments globally are focusing towards Internet of Things as the upcoming technology. The Internet of Things, or IoT, refers to the billions of physical devices around the world that are now connected to the internet, all collecting and sharing data. Thanks to the arrival of super-cheap computer chips and the ubiquity of wireless networks, it's possible to turn anything, from something as small as a pill to something as big as an airplane, into a part of the IoT. This will further boost the adoption of Circuit Materials.
Circuit Materials Market Challenges
Impact of COVID 19
The rapid spread of coronavirus has had a major impact on global markets as, major economies of the world are completely lockdown due to this pandemic. Because of this major lockdown, suddenly all the consumer market has started to show zero interest towards purchasing any goods. One of the major difficulties, market is facing are the shutdown of all kinds of International transportation. Global crisis for all sectors including shipping, which was hit by slowing demand in goods’ production and exports had slowdown the market for circuit materials, as in most of the countries are depended on countries such as Taiwan, China, South Korea and others for electronics raw materials.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Circuit Materials market. In 2019, the market of Circuit Materials has been consolidated by the top five players accounting for xx% of the share. Major players in the Circuit Materials Market are Eternal Materials Co., Ltd., Rogers Corporation, Taiflex Scientific Co., Ltd. Isola Group, Nikkan Industries Co., Ltd., Panasonic Corporation, among others.
Acquisitions/Technology Launches
- In August 2017, DowDuPont has completed 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.
1. Circuit Materials Market- Market Overview
1.1 Definitions and Scope
2. Circuit Materials Market- Executive Summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by Type
2.3 Key Trends by End Use
2.4 Key Trends by Geography
3. Circuit Materials Market- Landscape
3.1 Comparative analysis
3.1.1 Market Share Analysis- Top Companies
3.1.2 Product Benchmarking- Top Companies
3.1.3 Top 5 Financials Analysis
3.1.4 Patent Analysis- Top Companies
3.1.5 Pricing Analysis
4. Circuit Materials Market - Startup companies Scenario Premium Premium
4.1 Top startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Circuit Materials Market– Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top companies
6. Circuit Materials Market- Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Market Opportunities
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Circuit Materials Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Market life cycle
7.4 Suppliers and distributors Analysis
8. Circuit Materials Market– By Type (Market Size -$Million)
8.1 Material Class
8.1.1 Substrate
8.1.1.1 Fiberglass-Epoxy
8.1.1.2 Paper-Phenolic
8.1.1.3 CEM
8.1.1.4 Polyimide
8.1.2 Others
8.2 Conducting Material
8.3 Outer Layer
8.4 Others
9. Circuit Materials Market– By End User (Market Size -$Million)
9.1 Electrical & Electronics
9.2 Automotive
9.3 Aerospace & Defense
9.4 Others
10. Circuit Materials Market - By Geography (Market Size -$Million)
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.1.3 Mexico
10.2 South America
10.2.1 Brazil
10.2.2 Argentina
10.2.3 Colombia
10.2.4 Chile
10.2.5 Rest of South America
10.3 Europe
10.3.1 U.K
10.3.2 Germany
10.3.3 Italy
10.3.4 France
10.3.5 Russia
10.3.6 Spain
10.3.7 Netherlands
10.3.8 Belgium
10.3.9 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 India
10.4.3 Japan
10.4.4 South Korea
10.4.5 Australia & New Zealand
10.4.6 Rest of Asia Pacific
10.5 RoW
10.5.1 Middle East
10.5.1.1 UAE
10.5.1.2 Saudi Arabia
10.5.1.3 Israel
10.5.1.4 Rest of Middle East
10.5.2 Africa
10.5.2.1 South Africa
10.5.2.2 Nigeria
10.5.2.3 Rest of Africa
11. Circuit Materials Market- Entropy
11.1 New Product Launches
11.2 M&A’s, Collaborations, JVs and Partnerships
12. Market Share Analysis Premium
12.1 Market Share by Country- Top companies
12.2 Market Share by Region- Top companies
12.3 Market Share by type of Product / Product category- Top companies
12.4 Market Share at global level- Top companies
12.5 Best Practices for companies
13. Circuit Materials Market- List of Key Companies by Country Premium
14. Circuit Materials Market Company Analysis
14.1 Market Share, Company Revenue, Products, M&A, Developments
14.2 Company 1
14.3 Company 2
14.4 Company 3
14.5 Company 4
14.6 Company 5
14.7 Company 6
14.8 Company 7
14.9 Company 8
14.10 Company 9
14.11 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"
LIST OF TABLES
1.Global Circuit Materials Market By Material Class Market 2019-2024 ($M)1.1 Substrate Market 2019-2024 ($M) - Global Industry Research
1.2 Conducting Material Market 2019-2024 ($M) - Global Industry Research
1.3 Outer Layer Market 2019-2024 ($M) - Global Industry Research
2.Global Circuit Materials Market By Substrate Market 2019-2024 ($M)
2.1 Fiberglass-Epoxy Market 2019-2024 ($M) - Global Industry Research
2.2 Paper-Phenolic Market 2019-2024 ($M) - Global Industry Research
2.3 CEM Market 2019-2024 ($M) - Global Industry Research
2.4 Polyimide Market 2019-2024 ($M) - Global Industry Research
3.Global Circuit Materials Market By Material Class Market 2019-2024 (Volume/Units)
3.1 Substrate Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Conducting Material Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Outer Layer Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Circuit Materials Market By Substrate Market 2019-2024 (Volume/Units)
4.1 Fiberglass-Epoxy Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Paper-Phenolic Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 CEM Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Polyimide Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Circuit Materials Market By Material Class Market 2019-2024 ($M)
5.1 Substrate Market 2019-2024 ($M) - Regional Industry Research
5.2 Conducting Material Market 2019-2024 ($M) - Regional Industry Research
5.3 Outer Layer Market 2019-2024 ($M) - Regional Industry Research
6.North America Circuit Materials Market By Substrate Market 2019-2024 ($M)
6.1 Fiberglass-Epoxy Market 2019-2024 ($M) - Regional Industry Research
6.2 Paper-Phenolic Market 2019-2024 ($M) - Regional Industry Research
6.3 CEM Market 2019-2024 ($M) - Regional Industry Research
6.4 Polyimide Market 2019-2024 ($M) - Regional Industry Research
7.South America Circuit Materials Market By Material Class Market 2019-2024 ($M)
7.1 Substrate Market 2019-2024 ($M) - Regional Industry Research
7.2 Conducting Material Market 2019-2024 ($M) - Regional Industry Research
7.3 Outer Layer Market 2019-2024 ($M) - Regional Industry Research
8.South America Circuit Materials Market By Substrate Market 2019-2024 ($M)
8.1 Fiberglass-Epoxy Market 2019-2024 ($M) - Regional Industry Research
8.2 Paper-Phenolic Market 2019-2024 ($M) - Regional Industry Research
8.3 CEM Market 2019-2024 ($M) - Regional Industry Research
8.4 Polyimide Market 2019-2024 ($M) - Regional Industry Research
9.Europe Circuit Materials Market By Material Class Market 2019-2024 ($M)
9.1 Substrate Market 2019-2024 ($M) - Regional Industry Research
9.2 Conducting Material Market 2019-2024 ($M) - Regional Industry Research
9.3 Outer Layer Market 2019-2024 ($M) - Regional Industry Research
10.Europe Circuit Materials Market By Substrate Market 2019-2024 ($M)
10.1 Fiberglass-Epoxy Market 2019-2024 ($M) - Regional Industry Research
10.2 Paper-Phenolic Market 2019-2024 ($M) - Regional Industry Research
10.3 CEM Market 2019-2024 ($M) - Regional Industry Research
10.4 Polyimide Market 2019-2024 ($M) - Regional Industry Research
11.APAC Circuit Materials Market By Material Class Market 2019-2024 ($M)
11.1 Substrate Market 2019-2024 ($M) - Regional Industry Research
11.2 Conducting Material Market 2019-2024 ($M) - Regional Industry Research
11.3 Outer Layer Market 2019-2024 ($M) - Regional Industry Research
12.APAC Circuit Materials Market By Substrate Market 2019-2024 ($M)
12.1 Fiberglass-Epoxy Market 2019-2024 ($M) - Regional Industry Research
12.2 Paper-Phenolic Market 2019-2024 ($M) - Regional Industry Research
12.3 CEM Market 2019-2024 ($M) - Regional Industry Research
12.4 Polyimide Market 2019-2024 ($M) - Regional Industry Research
13.MENA Circuit Materials Market By Material Class Market 2019-2024 ($M)
13.1 Substrate Market 2019-2024 ($M) - Regional Industry Research
13.2 Conducting Material Market 2019-2024 ($M) - Regional Industry Research
13.3 Outer Layer Market 2019-2024 ($M) - Regional Industry Research
14.MENA Circuit Materials Market By Substrate Market 2019-2024 ($M)
14.1 Fiberglass-Epoxy Market 2019-2024 ($M) - Regional Industry Research
14.2 Paper-Phenolic Market 2019-2024 ($M) - Regional Industry Research
14.3 CEM Market 2019-2024 ($M) - Regional Industry Research
14.4 Polyimide Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Circuit Materials Market Revenue, 2019-2024 ($M)2.Canada Circuit Materials Market Revenue, 2019-2024 ($M)
3.Mexico Circuit Materials Market Revenue, 2019-2024 ($M)
4.Brazil Circuit Materials Market Revenue, 2019-2024 ($M)
5.Argentina Circuit Materials Market Revenue, 2019-2024 ($M)
6.Peru Circuit Materials Market Revenue, 2019-2024 ($M)
7.Colombia Circuit Materials Market Revenue, 2019-2024 ($M)
8.Chile Circuit Materials Market Revenue, 2019-2024 ($M)
9.Rest of South America Circuit Materials Market Revenue, 2019-2024 ($M)
10.UK Circuit Materials Market Revenue, 2019-2024 ($M)
11.Germany Circuit Materials Market Revenue, 2019-2024 ($M)
12.France Circuit Materials Market Revenue, 2019-2024 ($M)
13.Italy Circuit Materials Market Revenue, 2019-2024 ($M)
14.Spain Circuit Materials Market Revenue, 2019-2024 ($M)
15.Rest of Europe Circuit Materials Market Revenue, 2019-2024 ($M)
16.China Circuit Materials Market Revenue, 2019-2024 ($M)
17.India Circuit Materials Market Revenue, 2019-2024 ($M)
18.Japan Circuit Materials Market Revenue, 2019-2024 ($M)
19.South Korea Circuit Materials Market Revenue, 2019-2024 ($M)
20.South Africa Circuit Materials Market Revenue, 2019-2024 ($M)
21.North America Circuit Materials By Application
22.South America Circuit Materials By Application
23.Europe Circuit Materials By Application
24.APAC Circuit Materials By Application
25.MENA Circuit Materials By Application
26.Kingboard Laminates Holdings Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.ITEQ Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Dowdupont, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Rogers Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Isola Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)