Global PCB Laminate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global PCB Laminate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

PCB Laminate is a planar laminate of substrate materials, which is made of corresponding materials under pressure and temperature. It is usually made of wood pulp paper or glass fiber cloth as reinforcing material, impregnated with resin, covered with copper foil on one side or both sides, and made by hot pressing. It is the basic material of the electronic industry.

Market Overview:

The latest research study on the global PCB Laminate market finds that the global PCB Laminate market reached a value of USD 17509.2 million in 2022. It’s expected that the market will achieve USD 17352.2 million by 2028, exhibiting a CAGR of -0.15% during the forecast period.

The product's own advantages are prominent

PCB laminates are widely used in communication electronics, aviation, defense, automotive, medical and other fields, and can be used in harsh environments. They can be designed to be waterproof, shockproof, and corrosion-resistant. Make products in these fields lighter, electronic components more compact, and more practical. And can meet all the conditions of the circuit board. PCB laminates play a fundamental role in promoting the rapid development of integrated circuits in terms of lightweight, thinning, miniaturization, high performance, multi-function, high reliability, and IC chip performance.

Fierce competition

With the global competition of major manufacturers and suppliers in the PCB laminate industry, the competition intensity in the PCB laminate industry has increased. Adopt supplier premium and other strategies to maintain market competitiveness. At the same time, small companies or retailers have also entered this industry, because getting involved in the PCB laminate business does not require a lot of capital or investment. However, this led to a surge of unqualified or duplicate products, which in turn hindered the competitive pattern of the market. Therefore, the old-brand manufacturers of PCB laminates were forced to lower the prices of their products, which ultimately affected their profit margins and sales volume. The fierce competition is not conducive to the sustainable development of the industry.

Labor costs rise

In recent years, labor costs, which are the sum of all wages paid to employees, plus the cost of employee benefits and payroll taxes paid by employers, have been rising globally. Labor costs are divided into direct costs and indirect (indirect) costs. Widespread labor shortages and inflation are driving up the cost of employment, leading to higher wage demands. Employers offer higher starting salaries, signing bonuses, and enhanced benefits to recruit new employees and retain existing ones. Especially in the manufacturing industry, factors such as the improvement of people's living standards, the change of work attitudes, the high turnover rate of employees, the isolation of employees at home due to the new crown epidemic, or the layoff of employees, etc., have accelerated the growth of wages.

Region Overview:

In 2022, the share of the PCB Laminate market in Asia Pacific stood at 91.94%.

Company Overview:

Kingboard Holdings Limited is one of the major players operating in the PCB Laminate market, holding a share of 16.18% in 2022.

Kingboard Holdings Limited

Kingboard Holdings Limited, formerly known as Kingboard Chemical Holdings Limited, is principally engaged in the manufacture and sale of laminates; the manufacture and sale of printed circuit boards; the manufacture and sale of chemicals; the sale and rental of properties; The company's products include tar, coke, methanol, benzene, acetic acid, glass epoxy laminates, paper laminates, single and double-sided printed circuit boards, etc.

Sytech

Sytech is a global core supplier of electronic circuit substrates integrating R&D, production, sales and service. The headquarters of Sytech Group is located in Dongguan, Guangdong, the most economically dynamic city in China. It has successively established wholly-owned subsidiaries and holding subsidiaries in Xianyang, Suzhou, Hong Kong, Taiwan, Changshu, Nantong and Jiujiang, with nearly 10,000 employees.

Segmentation Overview:

By type, Glass Fiber Cloth Substrate segment accounted for the largest share of market in 2022.

Glass Fiber Cloth Substrate

Common Glass Fiber Cloth Substrate has epoxy resin (FR-4), which is one of the most widely used types.

Paper Substrate

Common paper-based CCI types are phenolic resins (XPc, XxPC, FR-1, FR-2, etc.), epoxy resins (FE-3) and other types.

Composite Substrate

Common composite matrix CEM types are CEM-1, CEM-3.

Others

In addition, there are special material base types including bismaleimide triazine resin (BT), polyimide resin (PI), diphenyl ether resin (PPO), maleic anhydride imide-styrene resin (MS), etc.

Application Overview:

The market's largest segment by application is the segment Communications, with a market share of 32.79% in 2022.

Key Companies in the global PCB Laminate market covered in Chapter 3:

Sytech
Panasonic Industry
Goldenmax International Technology Ltd
Taiwan Union Technology Corporation
Kingboard Holdings Limited
Doosan Electro-Materials
Elite Material Co. Ltd.
Nan Ya Plastics Corporation
ITEQ Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the PCB Laminate market from 2018 to 2029 is primarily split into:

Glass Fiber Cloth Substrate
Paper Substrate
Composite Substrate
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the PCB Laminate market from 2018 to 2029 covers:

Communications
Consumer Electronics
Computer/Peripheral
Military/Aerospace
Industrial Electronics
Automotive and Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)