PUBLISHER: Grand View Research | PRODUCT CODE: 1474963
PUBLISHER: Grand View Research | PRODUCT CODE: 1474963
The global copper clad laminate market size is expected to reach USD 26.34 billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030, according to a new report by Grand View Research, Inc.The market is anticipated to grow on account of the rising global demand for electronic devices such as laptops, smartphones, wearable devices, and consumer electronics.
The growing trend of interconnected devices further fuels the need for copper clad laminates for various sensors and devices used in Internet of Things systems. For instance,vehicle Internet of Things (IoT) is the network of devices, sensors, and cloud computing. These are integrated into vehicles to act as a comprehensive system for connecting vehicles, predictive maintenance, and fleet management for Original Equipment Manufacturers (OEMs) and insurance companies.
Copper clad laminates are used for producing technologically advanced electronics with fast performance, high speed, high efficiency, and smaller size. The growing need for compact laptops, smartphones, and other consumer electronics in developing economies such as India, China, Mexico, and Brazil is expected to further boost the product demand.
Copper clad laminates are one of primary components for printed circuit boards (PCBs) which are used while integrating various defense and military electronics such as radar & navigation systems, weapon control systems, military-grade computers & displays, and other weapon warfare systems.
The production process of copper clad laminates depends on various raw materials such as resin, copper foil, glass fabric, and paper. The prices of these raw materials are subject to fluctuations owing to supply chain disruptions, trade wars, and demand and supply gaps. Moreover, the strict government regulations related to production and supply of copper clad laminates in countries like the U.S., the UK, China, Japan, India, and Germany are expected to hamper the industry growth.
The global market for copper clad laminates is highly competitive, with several players competing on the basis of technological advancement, product quality, price, and distribution network. Additionally, major players around the world are investing in research and development, strategic partnerships, mergers & acquisitions, and expansion to maintain their competitive edge in the global copper clad laminate market. In addition, the manufacturers are differentiating themselves by offering a diverse range of CCL products for various applications such as defense technology and medical devices.