Polyvinyl Butyral (PVB) Market Forecasts to 2028 – Global Analysis By Type (Alkaline Alcoholysis, Acidic Alcoholysis and Other Types), Application (Adhesive & Sealants, Other Applications), End user and Geography

Polyvinyl Butyral (PVB) Market Forecasts to 2028 – Global Analysis By Type (Alkaline Alcoholysis, Acidic Alcoholysis and Other Types), Application (Adhesive & Sealants, Other Applications), End user and Geography

According to Stratistics MRC, the Global Low Dielectric Materials Market is accounted for $1.7 billion in 2022 and is expected to reach $2.8 billion by 2028 growing at a CAGR of 8.7% during the forecast period. A low dielectric material has a dielectric constant that is lower than that of other materials. They usually consist of a collection of conducting insulating materials that are electrically weak. Scaling of microelectronic devices is made possible. To reduce electrical power loss, low-dielectric materials are used for high-power or frequency applications.

According to Global Market automotive sector has emerged as one of the leading market for magnetic field sensors, accounting, and according to some estimates, for more than 40 percent of the total magnetic-field-sensor market.

Market Dynamics:

Driver:

Development of 5G communication

High-performance polymers with a low dielectric constant and little to no dielectric loss are required for high-speed communication devices. The growth of the 5G network has led to an increase in the use of low dielectric constant resins in these applications. A desired material for cables, communication devices, and antenna interlayers might be a resin with low dielectric loss. These qualities are expected to raise demand for various low dielectric constant resins and ceramics on the market for low dielectric materials.

Restraint:

Fluctuations in the availability of raw materials

The market size for low dielectric materials is expected to be constrained in the next years by volatile raw material pricing trends. Fluoropolymers, modified polyphenylene ether, polyimide, cyanate ester, liquid crystal polymer, and cyclic olefin copolymer are the primary raw materials used to make low dielectric materials. Due to the products' reliance on crude oil, geopolitical tensions and price swings are anticipated to impede market growth in the upcoming years.

Opportunity:

Growing demand for mobiles and smart devices

Sales of mobile and smart gadgets with 5G capabilities, particularly in developing countries like China and India, have fueled the demand for PCBs. PCBs are also required to power both sophisticated gadgets like missiles and satellites as well as everyday electronics like TVs, refrigerators, and washing machines. As a result, the majority of the demand for low dielectric materials comes from this application area.

Threat:

Intense price competition

There is significant pricing competition in the global low dielectric materials market. This is mainly attributed to the capability of Chinese manufacturers to undercut prices offered by foreign competitors. Moreover, the global low dielectric materials industry is considerably fragmented with the presence of several international and local players. Hence, the unorganized sector creates cheaper alternatives as local manufacturers in various countries are competing strongly with global suppliers. This also poses significant challenges for international players to provide low-cost dielectric materials at low costs and reduced profit margins

Covid-19 Impact

COVID-19 had a huge impact on almost all industries, including electronics, semiconductors, manufacturing, and vehicles. The market for low-dielectric-resistance materials has shrunk as a result of social distance restrictions and supply chain disruptions. The second and third quarters of the fiscal year 2020 saw the closure of low dielectric material manufacturing facilities in the majority of the areas. The market for low dielectric materials was significantly impacted by the temporary closure of the primary end-users. The COVID-19 pandemic's effects on the supply chain have also caused a significant shortage of raw materials for the worldwide semiconductor industry.

The thermoplastics segment is expected to be the largest during the forecast period

The thermoplastics segment is estimated to have a lucrative growth, due to its better dielectric properties, such as lower dissipation factors. In addition, due to their high purity, minimal outgassing, and broad chemical resistance, high-performance thermoplastics like polyaryletherketones and fluoropolymers are in great demand across aerospace applications. Additionally, there is an increasing need for low-cost thermoplastics including polycarbonate (PC), acrylonitrile butadiene styrene (ABS), and poly methyl methacrylate (PMMA) due to their use in 6G communications systems. These elements are primarily responsible for the market expansion of low dielectric materials.

The Polychlorinated Biphenyls (PCBs) segment is expected to have the highest CAGR during the forecast period

The Polychlorinated Biphenyls (PCBs) segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the non-conductive substrate layer that sits between the copper layers that conduct electricity. Consequently, the need for consumer electronics like PCs, smart phones, tablets, and gaming consoles, together with rising investment in digitalization, spurs the expansion of the PCBs market.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the factors such as lower prices of electronic components and rising consumer demand for personal computing devices. Low dielectric material demand is being driven by the development of electronics manufacturing in nations like China, South Korea, and Japan. The demand for antenna and radomes in the area has also increased due to the rise in air traffic, pushing the price of low dielectric materials even higher.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the demand for antenna and radomes due to increased air traffic, as well as the introduction of autonomous vehicles and 5G communications, have all contributed to the market for low dielectric materials expanding.

Key players in the market

Some of the key players profiled in the Low Dielectric Materials Market include Arkema, Arxada, Dow, Fluorocarbon, Daikin Industries Ltd, Circuit Components Supplies Ltd, Celanese Corporation, DIC Corporation, Liyang Huajing Electronic Material Co., Ltd., Mitsubishi Chemical Corporation, Huntsman Corporation, Asahi Kasei, Polyclean Technologies, Inc., Nanjing Qingyan Polymer New Materials Ltd., Olin Corporation, Chenguang Research Institute of Chemical Industry, Zeon Corp., Topas Advanced Polymers

Key Developments:

In November 2021, Arkema designed 3 new ultra-low loss materials for RF applications, PRO14729, PRO14730 and PRO14731. These new materials were developed to cater the increasing demand for very low dielectric constant and low dissipation factor materials in advanced electronic applications.

In September 2021, Topas Advanced Polymers announced a collaboration with Borealis, a leading manufacturer of polyolefin solutions, for the development of a new class of engineered materials for capacitor film applications. These new products are expected to close the gap between standard polymers and high-end plastics. The products will be developed using the know-how of the two companies on cyclic olefin copolymer and PP capacitor offerings.

In February 2021, Zeon Corporation launched a new form of cyclic olefin copolymer with stereoregular characteristics with unprecedented heat, chemical and bending resistances. The new product is expected to cater the demands from local electronic component manufacturers in Asia Pacific.

Types Covered:
• Thermoplastic
• Ceramics
• Thermoset

Material Types Covered:
• Modified Polyphenylene Ether
• Polyimide
• Fluoropolymer
• Cyclic Olefin Copolymer
• Cyanate Ester
• Liquid Crystal Polymer
• Other Material Types

Applications Covered:
• Polychlorinated Biphenyls (PCBs)
• Wire & Cable
• Radome
• Microelectronics
• Antenna
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements