Global Copper Clad Laminates Market (by Type, Application, Reinforcement Material, & Region): Insights and Forecast with Potential Impact of COVID-19 (2023-2028)

Global Copper Clad Laminates Market (by Type, Application, Reinforcement Material, & Region): Insights and Forecast with Potential Impact of COVID-19 (2023-2028)


Market Insight:

A copper-clad laminate (CCL) is a board-like material created by immersing electronic fibreglass cloth or other reinforcing materials in resin and then covering it with copper foil on one or both sides before hot pressing. Copper-clad laminates are widely used in the production of printed circuit boards (PCBs), which are used to mechanically support and connect electronic components.

The copper-clad laminate market is expected to benefit in the coming years from the ongoing construction of 5G base stations, the rapid development of cloud computing, and auto electrification. Server platform upgrades have also increased the demand for high-performance PCBs and CCLs. Furthermore, automobile electrification and intelligentization have created scenarios for PCB and CCL applications, resulting in market growth. The global copper-clad laminates market value is expected to reach US$15.96 billion in 2023, growing at a CAGR of 5.84% over the projected period.

Segment Covered:
  • By Type: In terms of type, the report offers insights of the global copper-clad laminates market into two segments: Rigid and Flexible. The rigid CCL held the highest share of the market. The increasing demand for electric vehicles and the innovations in electronic machines are expected to boost the demand for rigid copper-clad laminate in the forthcoming years. Whereas flexible laminates have lesser weight, thinness, and better flexibility as compared to rigid laminates, and hence is used in different applications like electronic products, including cellphone, digital camera, automotive GPS, and laptop.
  • By Application: On the basis of construction type, the report provides the segmentation of the global copper-clad laminates market as follows: Communication Systems, Computers, Consumer Electronics, Automotive Electronics, Industrial Electronics, Medical Equipment, and Others. Communication systems held the largest share in the market, whereas automotive electronics is expected to be the fastest-growing segment in the forecasted period. The demand for copper-clad laminates in communication systems is driven by the swelling demand for 5G infrastructure. Further, server upgrades have jacked up demand for high-performance PCBs and CCLs that can offer high frequencies and high speeds. Therefore, as an investment in 5G infrastructure increases, it is expected that global server construction to boost PCB and CCL market demand during forthcoming years.
  • By Reinforcement Material: The report further provides a glimpse of the global rigid copper-clad laminates market based on the following reinforcement materials: Fiberglass, Special Substrates Base, Compound, and Paper Base. Fiberglass cloth-focused CCL includes FR-5 and FR-4. FR-4 (Flame Retardant-4) is a material consisting of a woven glass fiber cloth and an epoxy resin laminate material that is self-extinguishing (flame resistant). FR-4 has excellent performance and is cheaper than some special materials. Meanwhile, this material has been fully studied, so it can be modified to produce a wide range of benefits such as a halogen-free type. On the other hand, as high-frequency and high-speed applications such as 5G, IoT, and data centers became commonplace, the market share of special CCLs is expected to rise in the coming years.
Geographic Coverage:

According to this report, the global copper-clad laminates market is divided into four regions, namely, Asia Pacific, North America, Europe, and the Rest of the World. The countries covered in North America region are the US, Mexico, and Canada, while Europe includes Germany, Italy, UK, France, Spain, and Rest of Europe. Moreover, China, Taiwan, South Korea, Japan, and Rest of the Asia Pacific are included in the Asia Pacific region.

Asia Pacific held the major share of the copper-clad laminates market. It is also expected to be the fastest-growing region in the forthcoming years. With the rise of Chinese mainland server manufacturers and a growing domestic server market, development opportunities have opened up for local providers of high-frequency and high-speed CCLs. The Internet of Things (IoT) is one of the most promising innovation accelerators for digital enterprises. The increase in IoT spending would generate demand prospects for PCB and CCL manufacturers in the coming years.

Top Impacting Factors:

Growth Drivers
  • Increasing Demand for Consumer Electronics
  • Increasing Demand For Vehicles
  • Growing Use of Medical Devices
  • Growing Industrial Robot Industry
Challenges
  • Shortage of Raw Materials
  • Chip Shortage Crisis
Trends
  • Rapid Development of Cloud Computing and Server Market
  • Increasing Auto Electrification
  • Rising IoT Market
  • Increasing Construction of 5G Base Station
  • Driver: Increasing Demand for Consumer Electronics
Rising demand for smartphones, artificial intelligence, and voice recognition technologies, as well as the replacement cycles and falling prices of various electronic devices, are some of the primary drivers of future consumer electronics growth. Most consumer electronics devices use printed circuit boards (PCB). Copper-clad laminate (CCL) is used in the PCB as their raw material. Thus, the surge in demand for consumer electronics impacts the growth in the CCL market, especially due to the growth in demand for the PCB market, which is a major end-user of the CCL market. Therefore, the CCL market has been growing in the past few years.
  • Challenge: Shortage of Raw Materials
The scarcity of raw materials is one of the main obstacles facing the global copper-clad laminate industry. Shortages of copper foils for making copper-clad laminates (CCL) have become severe in the past few years. CCL and PCB manufacturers have seen order visibility extended, driven by robust demand for notebooks and handsets, coupled with a substantial pull-in of orders for automotive electronics applications. Shortages across different material types are not a new problem for manufacturers, but the rapid pace of deterioration across the board is a big red flag for global economies. The lack of relief from China’s power cut has simultaneously impacted the production operations of raw materials. Delivery lead times for copper foils have been increasingly prolonged, adding that rising copper prices are another challenge copper foil suppliers face.
  • Trend: Increasing Auto Electrification
The electrification and intelligentization of automobiles have created scenarios for PCB and CCL applications, including electrical control systems for new energy vehicles (NEVs), advanced driver assistance systems (ADAS), and intelligent cockpits. On the other hand, traditional internal combustion engine (ICE) vehicles use only a small number of PCBs. According to Gasgoo, the automotive electronic content of a traditional ICE vehicle is about 15%, but this climbs to 47-65% for NEVs. As key function-bearing components of automotive electronics, PCBs would benefit substantially from the increase in automotive electronic content resulting from auto electrification and intelligentization. This would further increase the demand for CCL in the coming years.

The COVID-19 Analysis:

The COVID-19 pandemic slowed the copper-clad laminates industry's growth in 2020. Due to blockage in trade and services across the globe, disruption in raw material supply, the surge in instrument and equipment prices, and a ban on transportation, the market was impacted heavily. Moreover, the COVID-19 outbreak has negatively affected PCB demand due to the supply chain fallout and a decline in demand from the industrial and automotive sectors, which has further decelerated the CCL market growth. However, the demand for edge computing emerges as the new driving force of the server market and would evolve and develop with the deployment of 5G infrastructure. This would stimulate the demand for PCB and CCL in the coming years, simultaneously.

Analysis of Key Players:

The global copper-clad laminates market is highly concentrated. In 2022, the world’s top five CCL manufacturers (Kingboard Laminates, SYTECH, Nan YaPlastics, Elite Material (EMC), and ITEQ) had a combined market share of around 51%. The key players in the global copper-clad laminates market are:
  • Doosan Corp.
  • Elite Material Co. Ltd. (EMC)
  • Showa Denko K.K./ Resonac Holdings Corporation
  • Rogers Corporation
  • Kingboard Laminates Holdings Ltd.
  • ITEQ Corporation
  • Mitsubishi Gas Chemical Company, Inc.
  • Nan Ya Plastics Corporation
  • Goldenmax International Group Ltd.
  • Shengyi Technology Co., Ltd.
  • Taiwan Union Technology Corporation (TUC)
  • Isola Group
Key manufacturers in the industry globally have consequently taken measures such as product transformation and capacity expansion to strengthen the business of copper-clad laminate production. Some of the strategies among key players in the market are mergers, acquisitions, and collaborations. For instance, in 2023, Resonac Corporation announced new multiyear contracts with Infineon Technologies AG (Infineon) to continue supplying SiC materials for power semiconductors to Infineon and cooperatively developing technologies related to SiC materials. On the other hand, in 2022, Doosan Corporation announced that the company has been advancing into the 5G antenna module business in partnership with Movandi Corporation.


1. Executive Summary
2. Introduction
2.1 Copper Clad Laminates: An Overview
2.1.1 Introduction to Copper Clad Laminates
Table 1: Copper Clad Laminates Structure
2.1.2 Copper Clad Laminates and PCB Manufacturing Process
Table 2: Copper Clad Laminates and PCB Manufacturing Process
2.2 Copper Clad Laminates Segmentation: An Overview
2.2.1 Copper Clad Laminates Segmentation
Table 3: Copper Clad Laminates Segmentation
3. Global Market Analysis
3.1 Global Copper Clad Laminates Market: An Analysis
3.1.1 Global Copper Clad Laminates Market: An Overview
3.1.2 Global Copper Clad Laminates Market by Value
Table 4: Global Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 5: Global Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
3.1.3 Global Copper Clad Laminates Market by Type (Rigid and Flexible)
Table 6: Global Copper Clad Laminates Market by Type; 2022 (Percentage, %)
3.1.4 Global Copper Clad Laminates Market by Application (Communication Systems, Computers, Consumer Electronics, Automotive Electronics, Industrial Electronics, Medical Equipment, and Others)
Table 7: Global Copper Clad Laminates Market by Application; 2022 (Percentage, %)
3.1.5 Global Copper Clad Laminates Market by Region (Asia Pacific, North America, Europe, and Rest of the World)
Table 8: Global Copper Clad Laminates Market by Region; 2022 (Percentage, %)
3.2 Global Copper Clad Laminates Market: Type Analysis
3.2.1 Global Copper Clad Laminates Market by Type: An Overview
3.2.2 Global Rigid Copper Clad Laminates Market by Value
Table 9: Global Rigid Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 10: Global Rigid Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
3.2.3 Global Rigid Copper Clad Laminates Market by Reinforcement Material (Fiberglass, Special Substrates Base, Compound, and Paper Base)
Table 11: Global Rigid Copper Clad Laminates Market by Reinforcement Material; 2022 (Percentage, %)
3.2.4 Global Flexible Copper Clad Laminates Market by Value
Table 12: Global Flexible Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 13: Global Flexible Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
3.3 Global Copper Clad Laminates Market: Application Analysis
3.3.1 Global Copper Clad Laminates Market by Application: An Overview
3.3.2 Global Communication Systems Copper Clad Laminates Market by Value
Table 14: Global Communication Systems Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 15: Global Communication Systems Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
3.3.3 Global Computers Copper Clad Laminates Market by Value
Table 16: Global Computers Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 17: Global Computers Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
3.3.4 Global Consumer Electronics Copper Clad Laminates Market by Value
Table 18: Global Consumer Electronics Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 19: Global Consumer Electronics Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
3.3.5 Global Automotive Electronics Copper Clad Laminates Market by Value
Table 20: Global Automotive Electronics Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 21: Global Automotive Electronics Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
3.3.6 Global Industrial Electronics Copper Clad Laminates Market by Value
Table 22: Global Industrial Electronics Copper Clad Laminates Market by Value; 2018-2022 (US$ Million)
Table 23: Global Industrial Electronics Copper Clad Laminates Market by Value; 2023-2028 (US$ Million)
3.3.7 Global Medical Equipment Copper Clad Laminates Market by Value
Table 24: Global Medical Equipment Copper Clad Laminates Market by Value; 2018-2022 (US$ Million)
Table 25: Global Medical Equipment Copper Clad Laminates Market by Value; 2023-2028 (US$ Million)
3.3.8 Global Others Copper Clad Laminates Market by Value
Table 26: Global Others Copper Clad Laminates Market by Value; 2018-2022 (US$ Million)
Table 27: Global Others Copper Clad Laminates Market by Value; 2023-2028 (US$ Million)
3.4 Global Rigid Copper Clad Laminates Market: Reinforcement Material Analysis
3.4.1 Global Rigid Copper Clad Laminates Market by Reinforcement Material: An Overview
3.4.2 Global Fiberglass Rigid Copper Clad Laminates Market by Value
Table 28: Global Fiberglass Rigid Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 29: Global Fiberglass Rigid Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
3.4.3 Global Fiberglass Rigid Copper Clad Laminates Market by Type (Conventional FR-4, Halogen Free, and High TG FR-4)
Table 30: Global Fiberglass Rigid Copper Clad Laminates Market by Type; 2022 (Percentage, %)
3.4.4 Global Special Substrates Base Rigid Copper Clad Laminates Market by Value
Table 31: Global Special Substrates Base Rigid Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 32: Global Special Substrates Base Rigid Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
3.4.5 Global Special Substrates Base Rigid Copper Clad Laminates Market by Type (High Speed, PKG Substrate, High Frequency, and Others)
Table 33: Global Special Substrates Base Rigid Copper Clad Laminates Market by Type; 2022 (Percentage, %)
3.4.6 Global Compound Rigid Copper Clad Laminates Market by Value
Table 34: Global Compound Rigid Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 35: Global Compound Rigid Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
3.4.7 Global Paper Base Rigid Copper Clad Laminates Market by Value
Table 36: Global Paper Base Rigid Copper Clad Laminates Market by Value; 2018-2022 (US$ Million)
Table 37: Global Paper Base Rigid Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
4. Regional Market Analysis
4.1 Asia Pacific Copper Clad Laminates Market: An Analysis
4.1.1 Asia Pacific Copper Clad Laminates Market: An Overview
4.1.2 Asia Pacific Copper Clad Laminates Market by Value
Table 38: Asia Pacific Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 39: Asia Pacific Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
4.1.3 Asia Pacific Copper Clad Laminates Market by Region (China, Taiwan, South Korea, Japan, and Rest of the Asia Pacific)
Table 40: Asia Pacific Copper Clad Laminates Market by Region; 2022 (Percentage, %)
4.1.4 China Copper Clad Laminates Market by Value
Table 41: China Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 42: China Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
4.1.5 Taiwan Copper Clad Laminates Market by Value
Table 43: Taiwan Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 44: Taiwan Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
4.1.6 South Korea Copper Clad Laminates Market by Value
Table 45: South Korea Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 46: South Korea Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
4.1.7 Japan Copper Clad Laminates Market by Value
Table 47: Japan Copper Clad Laminates Market by Value; 2018-2022 (US$ Million)
Table 48: Japan Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
4.1.8 Rest of Asia Pacific Copper Clad Laminates Market by Value
Table 49: Rest of Asia Pacific Copper Clad Laminates Market by Value; 2018-2022 (US$ Million)
Table 50: Rest of Asia Pacific Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
4.2 North America Copper Clad Laminates Market: An Analysis
4.2.1 North America Copper Clad Laminates Market: An Overview
4.2.2 North America Copper Clad Laminates Market by Value
Table 51: North America Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 52: North America Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
4.2.3 North America Copper Clad Laminates Market by Region (The US, Canada, and Mexico)
Table 53: North America Copper Clad Laminates Market by Region; 2022 (Percentage, %)
4.2.4 The US Copper Clad Laminates Market by Value
Table 54: The US Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 55: The US Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
4.2.5 Canada Copper Clad Laminates Market by Value
Table 56: Canada Copper Clad Laminates Market by Value; 2018-2022 (US$ Million)
Table 57: Canada Copper Clad Laminates Market by Value; 2023-2028 (US$ Million)
4.2.6 Mexico Copper Clad Laminates Market by Value
Table 58: Mexico Copper Clad Laminates Market by Value; 2018-2022 (US$ Million)
Table 59: Mexico Copper Clad Laminates Market by Value; 2023-2028 (US$ Million)
4.3 Europe Copper Clad Laminates Market: An Analysis
4.3.1 Europe Copper Clad Laminates Market: An Overview
4.3.2 Europe Copper Clad Laminates Market by Value
Table 60: Europe Copper Clad Laminates Market by Value; 2018-2022 (US$ Billion)
Table 61: Europe Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
4.3.3 Europe Copper Clad Laminates Market by Region (Germany, Italy, UK, France, Spain, and Rest of the Europe)
Table 62: Europe Copper Clad Laminates Market by Region; 2022 (Percentage, %)
4.3.4 Germany Copper Clad Laminates Market by Value
Table 63: Germany Copper Clad Laminates Market by Value; 2018-2022 (US$ Million)
Table 64: Germany Copper Clad Laminates Market by Value; 2023-2028 (US$ Million)
4.3.5 Italy Copper Clad Laminates Market by Value
Table 65: Italy Copper Clad Laminates Market by Value; 2018-2022 (US$ Million)
Table 66: Italy Copper Clad Laminates Market by Value; 2023-2028 (US$ Million)
4.3.6 The UK Copper Clad Laminates Market by Value
Table 67: The UK Copper Clad Laminates Market by Value; 2018-2022 (US$ Million)
Table 68: The UK Copper Clad Laminates Market by Value; 2023-2028 (US$ Million)
4.3.7 France Copper Clad Laminates Market by Value
Table 69: France Copper Clad Laminates Market by Value; 2018-2022 (US$ Million)
Table 70: France Copper Clad Laminates Market by Value; 2023-2028 (US$ Million)
4.3.8 Spain Copper Clad Laminates Market by Value
Table 71: Spain Copper Clad Laminates Market by Value; 2018-2022 (US$ Million)
Table 72: Spain Copper Clad Laminates Market by Value; 2023-2028 (US$ Million)
4.3.9 Rest of Europe Copper Clad Laminates Market by Value
Table 73: Rest of Europe Copper Clad Laminates Market by Value; 2018-2022 (US$ Million)
Table 74: Rest of Europe Copper Clad Laminates Market by Value; 2023-2028 (US$ Billion)
4.4 Rest of World Copper Clad Laminates Market: An Analysis
4.4.1 Rest of World Copper Clad Laminates Market: An Overview
4.4.2 Rest of World Copper Clad Laminates Market by Value
Table 75: Rest of World Copper Clad Laminates Market by Value; 2018-2022 (US$ Million)
Table 76: Rest of World Copper Clad Laminates Market by Value; 2023-2028 (US$ Million)
5. Impact of COVID-19
5.1 Impact of COVID-19 on Global Copper Clad Laminate Market
5.2 Post COVID-19 Impact on Global Copper Clad Laminate Market
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Increasing Demand for Consumer Electronics
Table 77: Global Consumer Electronics Market Revenue; 2017-2027 (US$ Billion)
6.1.2 Increasing Demand For Vehicles
Table 78: Global Number of Light Vehicle Registrations; 2017-2026 (Million)
6.1.3 Increasing Disposable Income
Table 79: Advanced Economies and Emerging Market & Developing Economies GDP Per Capita; 2018-2027 (US$ Thousand)
6.1.4 Growing Use of Medical Devices
Table 80: Global Medical Devices Market Size; 2021-2027 (US$ Billion)
6.1.5 Growing Industrial Robot Industry
Table 81: Global Annual Installation of Industrial Robots; 2015-2021 (Million)
6.2 Challenges
6.2.1 Shortage of Raw Materials
6.2.2 Chip Shortage Crisis
6.2.3 Rising Copper Prices
6.3 Market Trends
6.3.1 Rapid Development of Cloud Computing and Server Market
Table 82: Global Server Market Revenue; 2019-2025 (US$ Billion)
6.3.2 Increasing Auto Electrification
Table 83: Global Automotive Electronics Market Size; 2021-2027 (US$ Billion)
6.3.3 Rising IoT Market
Table 84: Global Number of Active IoT Connections; 2015-2025 (Billion)
6.3.4 Increasing Construction of 5G Base Station
7. Competitive Landscape
7.1 Global Copper Clad Laminate Players by Market Share
Table 85: Global Copper Clad Laminate Players by Market Share; 2022 (Percentage, %)
7.2 Global Rigid Copper Clad Laminate Players by Market Share
Table 86: Global Rigid Copper Clad Laminate Players by Market Share; 2022 (Percentage, %)
8. Company Profiles
8.1 Elite Material Co. Ltd. (EMC)
8.1.1 Business Overview
8.1.2 Revenue by Product
Table 87: Elite Material Co. Ltd. Revenue by Product; 2021 (Percentage, %)
8.1.3 Business Strategies
8.2 Showa Denko K.K./ Resonac Holdings Corporation
8.2.1 Business Overview
8.2.2 Operating Segments
Table 88: Showa Denko K.K. Sales by Segment; 2021 (Percentage, %)
8.2.3 Business Strategies
8.3 Doosan Corp.
8.3.1 Business Overview
8.3.2 Operating Segments
Table 89: Doosan Corp. Sales by Segment; 2021 (Percentage, %)
8.3.3 Business Strategies
8.4 Mitsubishi Gas Chemical Company, Inc.
8.4.1 Business Overview
8.4.2 Operating Segments
Table 90: Mitsubishi Gas Chemical Company, Inc. Net Sales by Segment; 2022 (Percentage, %)
8.4.3 Business Strategies
8.5 Rogers Corporation
8.5.1 Business Overview
8.5.2 Operating Segments
Table 91: Rogers Corporation Net Sales by Segment; 2021 (Percentage, %)
8.5.3 Business Strategies
8.6 Kingboard Laminates Holdings Ltd.
8.6.1 Business Overview
8.6.2 Operating Segments
Table 92: Kingboard Laminates Holdings Ltd. Revenue by Operating Segments; 2021 (Percentage, %)
8.7 ITEQ Corporation
8.7.1 Business Overview
8.7.2 Revenue by Product
Table 93: ITEQ Corporation Revenue by Product; 2021 (Percentage, %)
8.8 Nan Ya Plastics Corporation
8.8.1 Business Overview
8.8.2 Operating Segments
Table 94: Nan Ya Plastics Corporation Revenue by Segment; 2021 (Percentage, %)
8.9 Shengyi Technology Co., Ltd.
8.9.1 Business Overview
8.9.2 Business Strategies
8.10 Taiwan Union Technology Corporation (TUC)
8.10.1 Business Overview
8.10.2 Business Strategies
8.11 Isola Group
8.11.1 Business Overview
8.11.2 Business Strategies
8.12 Goldenmax International Group Ltd.
8.12.1 Business Overview

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