Global Circuit Materials Market Size is Projected to Reach 36.85 billion USD by 2023

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The Circuit Materials industry was 29.83 billion USD in 2017 and is projected to reach 36.85 billion USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 3.8% between 2017 and 2023. The market is driven by various end-user industries, such as Communications, Industrial, Electronics, Automotive, Aerospace & Defense, Others.

The industry is less concentration, the key brand include Shengyi Technology (China), Kingboard Laminates (Hong Kong), ITEQ Corporation (Taiwan), DowDuPont (US), Jinan Guoji Technology (China), Eternal Materials (Taiwan), Rogers Corporation (US), Taiflex Scientific (Taiwan), Isola Group (US), and Nikkan Industries (Japan)..

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

The Global Circuit Materials Market Research Report 2018 report released by QYResearch provides a basic overview of the Circuit Materials industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Circuit Materials industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

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Circuit Materials include Conductors and Insulators,the conducting strips are made from copper, which is a very good conductor.Electrical connections between the components and copper strips are made with solder (mainly tin), which is another good conductor, and has the advantages of being easy to melt, as well as making good electrical and mechanical contact.

Based on material class, the circuit materials market has been classified into substrate, conducting material, and outer layer. The fiberglass-epoxy is the most demanded substrate of circuit materials. The growth of the fiberglass-epoxy substrate segment can be attributed to the high focus of manufacturers on the products offering better properties such as high strength and high resistance to fire. This led fiberglass-epoxy substrate to account for a large share of the global circuit materials market.

APAC is the largest market for circuit materials, in terms of value. The growth of the market in APAC can be attributed to the growing communications, industrial electronics, and automotive applications in this region. The increasing demand in the APAC has led to innovations and developments in the electronics industry, making it a prominent circuit materials market, globally. Also, the growth and innovations in the automotive industry in the country are estimated to impact the circuit materials market positively.

Communications is the largest application of circuit materials. The circuit materials are used in printed circuit boards of various communication devices such as mobile phones, smart tablets, and internet devices. Owing to the ability to provide enhanced conductivity on compact printed circuit boards, the use of circuit materials has increased in the communications application.

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