Global Circuit Materials Market - 2023-2030

Market Overview

The global circuit materials market reached US$ XX million in 2022 and is projected to record significant growth by reaching up to US$ XX million by 2030, growing at a CAGR of XX% during the forecast period (2023-2030).

A strong, insulating dielectric material like fiberglass is between two layers of conductive material typically made of copper. The mechanical layer is the outermost layer. A fiberglass sheet serves as the foundation for printed circuit boards. Each side has conductive copper sheets attached to it. Circuit materials include components connected to an electronic circuit, also known as a circuit board, used in electric appliances to provide mechanical support. Circuit materials mounted on the printed circuit board allow producers and designers of complex circuits to offer high-performance solutions. In addition, circuit materials offer higher reliability and better functional performance. They make it possible to fabricate thin, higher-density electric interconnects soldered for use in multilayered, single- and double-sided, flexible and rigid-flexible applications. Products like passive switch boxes made of electronics frequently use circuit materials.

Market Dynamics

Typically, circuit materials are flat laminated composites with layers of copper circuitry concealed internally or on external surfaces, made of non-conductive substrate materials. In high-density applications, they can be as basic as one or two copper layers or as complex as 50 layers or more. Due to the electronics industry's rapid growth, it is anticipated that the market for printed circuit board materials will grow at a healthy rate. It is anticipated that increased technological advancements, such as the Internet of Things (IoT), will increase PCB demand during the forecast period.

High-performance materials to improve the robustness of PCBs for flexible and rigid circuits

Films, laminates, photoresists and metallization are types of materials. Electric circuits use thin copper polyimide laminates, epoxy solutions, acrylic and polyamide-based adhesives and other materials like dry film photoresist and screen-printed inks as substrates. Substrates for PCBs are frequently made of FR-1, G-10, PTFE, alumina and Kapton, among other materials. CTE, PTFE and CEM, among other materials, are used to create laminates. A material like lightweight polyester is probably a good option when high performance is not a crucial PCB characteristic.

Use of circuit materials in high-temperature applications

To meet the demands of the consumer electronics and telecom industries' drive toward miniaturization, PCBs must have a higher circuit density. The right material selection increases yield while reducing manufacturing costs. Signal integrity is crucial for safety in automotive applications, where PCBs must operate dependably under conditions of high temperature and high voltage. The need for more functionality to fit into a smaller space as boards and components in vehicles raises the significance of materials that enable small, extremely reliable designs. Because of this, the market is growing as more circuit materials are used in high-temperature applications.

For Instance, Due to its expertise in high-temperature materials, DuPont is the best choice for high-temperature flex circuits, which are usually utilized in the oil, automotive, military, aerospace and healthcare sectors. Cirexx creates state-of-art flex circuits that can function in temperatures higher than 250°C (482°F) using advanced machinery, fabrication techniques and high-temperature materials from DuPont. The DuPont all-polyimide Pyralux HT material system provides any flex circuit material's highest temperature operating rating.

However, the market for circuit materials will be constrained by the less availability of copper, whereas a plethora of substitutes will make market expansion difficult. The market's availability of alternatives and consumers' preference for producing eco-friendly and energy-efficient goods can also reduce the adoption of circuit materials. During the foreseeable period, these factors may, to some extent, limit the market growth.

COVID-19 Impact Analysis

The lockdown imposed in numerous nations around the world has harmed the market for circuit material as a result of COVID-19. Due to temporary business closures, the demand for these products has been impacted. The printed board market in the automotive industry had been most negatively impacted by the shutdown, with financial losses to the circuit material market. The movement restrictions disrupted the copper and other material supply chain. During the pandemic, imports and exports were also restricted, which led to the less availability of materials.

Segment Analysis

The global circuit materials market is segmented based on material class, substrate, outer layer, application and region.

Growing sales of electric vehicles generate excellent growth prospects for PCBs and bolster the demand for circuit materials

With an emphasis on autonomous and electric vehicles, the PCB industry in the automotive sector will experience rapid growth. The identical sensors and other components needed for an automobile's reliable operation are held together by printed circuit boards. Electronic components and circuit boards are being created with more and more circuit materials. Automobiles, communication, smart and aerospace electronics all use circuit materials. Global EV sales increased by 108% from 2020 to 6,75 million units in 2021. Compared to 2020, the global share of EVs (BEV & PHEV) in light vehicle sales was 8,3%. Sales of all EVs were 71% BEVs and 29% PHEVs. Only 4,7% more cars were sold globally in 2020 than during the crisis year. The remarkable growth in EV sales generates a tremendous demand for circuit materials globally.

Geographical Analysis

The global circuit materials market is segmented based on material class, substrate, outer layer, application and region.

Growing usage of IOTs, high powerboards and other electronic appliances in the region help to expand the circuit materials market in Asia-Pacific

The "Make in India" initiative has boosted India's consumer electronics manufacturing sector and increased the production of electronic components for various uses. The demand for electronics is expected to rise in the coming years, driving the growth of the electronic manufacturing industries in developing nations. Due to the highly developed electronics industries in China, Japan and South Korea, as well as ongoing investments made in the region to advance automotive technology and electronic manufacturing, Asia-Pacific is predicted to dominate the global market. India exported electronic goods worth $11.7 billion in FY21. In May 2021, exports of electronic goods totaled USD 950.17 million.

Competitive Landscape

Leading companies are focusing on technological advancements in the electronics industry. The primary focus areas include product launches, collaborations, strategic mergers and acquisitions. The major players in the market are Shengyi Technology Co., Ltd., Kingboard Laminates Holdings, ITEQ Corporation, Dowdupont, Jinan Guoji Technology Co., Ltd., Eternal Materials Co., Ltd., Rogers Corporation, Taiflex Scientific Co., Ltd., Isola Group and Nikkan Industries Co., Ltd.

Dowdupont

Overview: DuPont is headquartered in U.S. with a total of 109 manufacturing facilities across 31 nations and employs about 36,500 people globally. The company operates in all regions, including the Americas, Europe, Asia-Pacific and Middle East & Africa. Its portfolio includes specialty chemicals and downstream goods for the water management, electronics and communication, construction, automotive and safety and protection sectors.

Product Portfolio:

• Polyimide Film: DuPontTM Kapton B polyimide film demonstrates an excellent balance of physical, chemical and electrical properties with superior dimensional stability over a broad temperature range. In industrial motor and generator applications, Kapton CRC is typically used as magnet wire, turn-to-turn strand, coil, slot liner and ground insulation materials.

Key Development: On January 21, 2022, The expansion project at DuPont Interconnect Solutions' manufacturing facility in Circleville, Ohio, was completed. With the $ 250 million investment, Kapton polyimide film and Pyralux flexible circuit materials production would be increased, ensuring a dedicated supply to meet the rising global demand in DuPont's target markets of the automotive, consumer electronics, specialized industrial and defense.

Why Purchase the Report?

• To visualize the global circuit materials market segmentation based on material class, substrate, outer layer, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the global circuit materials market by analyzing trends and co-development.
• Excel data sheet with numerous data points of circuit materials market-level with all segments.
• PDF report consisting of cogently put together market analysis after exhaustive qualitative interviews and in-depth market study.
• Product mapping available as excel consisting of key products of all the major market players.

The global circuit materials market report would provide approximately 69 tables, 71 figures and 230 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies