Global Low Dielectric Materials Market - 2022-2029

Global Low Dielectric Materials Market - 2022-2029

Market Overview

Low dielectric materials market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of 6.6% during the forecast period (2022-2029).

A dielectric substance can be strongly polarized with the aid of an electric field to hold an electric charge even though it is not an electrical conductor. Electricity cannot travel through dielectric materials when an applied electric field is present, but the electric charge within the material may vary from its equilibrium position. The shift is known as electrical polarization. Dielectric materials have a permanent electric dipole moment, a unit that can temporarily split the positive and negative charges.

Most display applications employ dielectrics, including LCD, LED, OLED and others. A low dielectric material has a lower dielectric constant than other materials. They are typically a group of electrically weak conducting insulating materials. It makes it possible for microelectronics devices to scale. Low-dielectric materials are favored for high-power or frequency applications to minimize electric power loss.

Market Dynamics

High-speed communication devices demand high-performance polymers with low dielectric constant and minimal dielectric loss. Resins with low dielectric constants are becoming more popular in these applications as a result of the development of the 5G network. Resins with low dielectric loss can be desirable materials for cables, communication equipment and antenna interlayers. Due to these characteristics, the market for low dielectric materials is anticipated to see an increase in demand for different low dielectric constant resins and ceramics.

Excellent heat resistance properties of thermoset resins

The low dielectric materials are expected to be driven by its fastest-growing class of low dielectric materials on thermoset resins like polyimide and cyanate esters. These resins are the material of choice for producing gadgets like microelectronics, antennae and radomes because they have great heat resistance capability and do not change shape with heat generation.

On the other hand, ceramics are inexpensive and have good strength and toughness. It plays a significant role in producing microelectronics and radomes, driving the global market growth.

Growing demand for mobiles and smart devices has driven the demand for PCBs.

The need for PCBs has been spurred by sales of mobile and smart devices with 5G capability, particularly in developing nations like China and India. Additionally, PCBs are essential for powering high-end devices like missiles & satellites and basic electronics like TVs, refrigerators and washing machines. As a result, this application segment accounts for most of the need for low dielectric materials.

Fluctuations in the availability of raw materials

Volatile raw material pricing trends are predicted to constrain the market size for low dielectric materials in the next years. Heavy petroleum byproducts like polyethylene terephthalate and polyvinylidene difluoride are present in the market, which explains why. Wild price swings have been caused by political upheaval in oil-producing nations like Saudi Arabia and Iraq.

The main raw ingredients utilized to create low dielectric materials are fluoropolymers, modified polyphenylene ether, polyimide, cyanate ester, liquid crystal polymer and cyclic olefin copolymer. Due to the products' dependence on crude oil, geopolitical issues and price fluctuations are projected to restrain overall market expansion in the upcoming years.

COVID-19 Impact Analysis

Almost every industry, including electronics, semiconductors, manufacturing and automobiles, was significantly impacted by COVID-19. Due to social distance regulations and supply chain disruptions, the market for low dielectric materials has dropped. In most regions, the second and third quarters of the fiscal year 2020 saw the closure of low dielectric material manufacturing plants.

The main end-users were also temporarily closed, considerably impacting the demand for low dielectric materials. Additionally, the COVID-19 pandemic's impact on the supply chain has resulted in a substantial shortage of raw materials for the global semiconductor sector.

Segment Analysis

By material, the low dielectric materials market is segmented into fluoropolymers, modified polyphenylene ether, polyimide, cyanate ester, liquid crystal polymer and cyclic olefin copolymer.

High utilization of fluoropolymers in PCB manufacturing

With the increased need for electronics like smartphones, TVs and other appliances, the demand for wire and cables, PCBs, microelectronics and antennas has increased tremendously in recent years. Due to their low cost, superior heat resistance and low dielectric constants, fluoropolymers are good material for making these components. Fluoropolymers like PTFE, ETFE and others are anticipated to have the biggest market share because of their low price and superior moldability. A thermoplastic with characteristics resembling those of thermoset polymers is PTFE. Heat application causes it to alter the shape, albeit extremely slowly, making it appropriate for PCB manufacture.

Large-scale production of wires and cables using ETFE and other fluoropolymers has elevated the market to new heights. However, the development of liquid crystal polymers for microelectronics production is gaining momentum. The need for these polymers is anticipated to rise soon as electronics downsizing becomes a trend in the global business.

Geographical Analysis

The vast electronics sector in Asia-Pacific

Asia-Pacific is the top region for the market demand for low dielectric materials because of the region's thriving electronics industry. Increased digitization, FDI investment and urbanization drive the region's electronics industry's growth. China dominates the renewable energy generation sector with a rapidly expanding industry. The region comprises some of the biggest electronics producers in the world, including China, Taiwan, Japan and South Korea. These nations offer low dielectric material producers significant growth prospects for creating electrical solutions. Additionally, the region's need for these materials is anticipated to increase soon due to the deployment of 5G and other telecommunication activities.

Demand is also propelled by sizable electrical and electronics manufacturing companies, such as Toshiba, Samsung and Sony. In crucial areas, including raw material extraction, manufacturing and services, businesses in Northeast Asian nations like China, India and Japan compete for market dominance. Additionally, favorable government initiatives in Asia-Pacific and rising investments in MEA are fueling market expansion.

Competitive Landscape

The top businesses have used various strategies, including product portfolio expansion, mergers and acquisitions, partnerships, geographic expansion and collaborations, to solidify their positions in the low dielectric materials market.

Arkema created three new PRO14729, PRO14730 and PRO14731 ultra-low loss materials for RF applications in November 2021. These novel substances were created in response to the rising need for materials with extremely low dielectric constants and low dissipation factors for sophisticated electronic applications.

Topas Advanced Polymers established a partnership with Borealis, a top provider of polyolefin solutions, in September 2021 to create a new category of tailored materials for capacitor film applications. The new products are anticipated to reduce the difference between low-cost plastics and common polymers. The items will be created using the two firms' expertise in PP capacitor and cyclic olefin copolymer offers.

Major global low dielectric materials market companies include Arxada, Huntsman Corporation, Arkema, SABIC, Asahi Kasei, Topas Advanced Polymers, Zeon Corporation, Chemours Company LLC, DIC Corporation and Showa Denko.

Zeon Corporation

Overview: Zeon Corporation, established in 1950, is a market leader in specialty chemicals, polymers and elastomers. One of the world's largest polymers producers, ZEON has a network of facilities across Asia, North America and Europe, as well as research and development centers in Japan, U.S. and UK. The corporation has regional headquarters in U.S., Singapore and Germany, with more than 3,300 employees worldwide.

Product Portfolio: When compared to conventional materials, ZEONEX Cyclo Olefin Polymer (COPlow-loss )'s and low-dielectric constant characteristics can increase the effectiveness of LTE, GSM and Wi-Fi antennas. ZEONEX Cyclo Olefin Polymer (COP) can be used in RF connection and other dielectric applications as a moldable, affordable substitute for fluoropolymers.

Key Development: A novel type of cyclic olefin copolymer with stereoregular properties and previously unheard-of heat, chemical and bending resistances was introduced by Zeon Corporation in February 2021. The new item is anticipated to meet the needs of regional producers of electronic components in Asia-Pacific.

Why Purchase the Report?
• Visualize the composition of the low dielectric materials market segmentation by type, material, application and region, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the low dielectric materials market by analyzing trends and co-development deals.
• Excel data sheet with thousands of low dielectric materials market-level 4/5 segmentation points.
• Pdf report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global low dielectric materials market report would provide access to an approx. 61 market data table, 57 figures and 212 pages.

Target Audience 2022
• Low Dielectric Materials Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Emerging Companies
• Low Dielectric Materials Manufacturers