PCB Laminates Market Growing at a CAGR of 4.47% to 2026 - Industry is Driven by Rise in Application of PCBs in Smart Devices Boosting the Demand for PCB Laminates During the Forecast Period
Published Date : Feb 2022
Global PCB Laminates Market size was valued at USD 66,094.4 Million in 2018 and is projected to reach USD 93,656.9 Million by 2026, registering a CAGR of XX% from 2018 to 2026. Growing focus on improving the reliability of electronic circuits in internet and communication technologies help to boost demand for the PCB laminates market.

PCB Laminates market is driven by the factors such as advancements in PCB technologies, rising demand in the communication industry, and aerospace & defense industry. Furthermore, the rise in demand for communication, computer or peripheral, consumer electronics applications rise the demand for the market. Advancements in smartphones, touchscreen tablets, and laptops drive the PCB laminates market during the forecast period. Moreover, development in composite chemistries is unlocking new opportunities in the PCB laminates market.

The global PCB Laminates market is segmented into type, material, application, and region. Based on type, the market is segmented into Polyimide, FR-4, CEM, Paper, Others. Based on the material, the market is further bifurcated into, Glass Fabric, Epoxy Resin, Kraft Paper, Phenolic Resin. On the basis of the end-user, the market is segmented into Automotive, Communications, Industrial Electronics, Consumer Electronics, Aerospace & Defense, Others. Consumer electronics is expected to hold a significant market share in the PCB Laminates market.

Furthermore, based on geography, the global PCB Laminates market is further divided into Latin America, North America, Europe, and the Asia Pacific. North America holds the major market share in the global PCB laminates market, owing to the growing demand for advanced circuits of consumer electronics and telecommunication products. The rise in potential in electric vehicles is one of the key avenues for high-end PCB laminates during the forecast period. Because of new government policies and regulations, the regional market is expected to see a new momentum.

The global players in the PCB Laminates market are Nippon Mektron, Samsung Electro-Mechanics, Zhen Ding Technology Holding Limited, Young Poong Electronics Co., Ltd., Daeduck Electronics Co., Ltd., Unimicron Technology Corp., Ibiden Co., Ltd., Tripod Technology Corporation, TTM Technologies, Inc., Austria Technologie & Systemtechnik AG.