PCB Laminates Market to Reach $20.5 Billion by 2027 with Annual Growth Rate of 4.1%

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Stratview Research, a global market research firm, has launched a report on the global PCB Laminates Market. The report provides a comprehensive outlook of the global and regional market, industry forecast, current and emerging trends, segment analysis, competitive landscape, and more.

According to the analysis by Stratview Research, the global PCB Laminates Market is projected to grow at 4.1% annually from 2022 to 2027 and reach an anticipated size of US$20.5 billion in 2027.

Report Highlights:

• Market Size in 2027: US$ 20.5 Billion
• Growth (CAGR): 4.1% during 2022-2027
• Forecast Period: 2022-2027
• Trend Period: 2016-2020
• Base Year: 2021
• Number of Segments Covered: 4
• Number of Tables & Graphs: 100+
• Country-Level Market Assessment: 20

Segment Insights on the PCB Laminates Market:

The global PCB Laminates Market is segmented based on PCB type, laminate type, application type, and region.

Based on PCB type - Based on the PCB type, the market is segmented as rigid PCB/multilayer, HDI/micro via, flexible, and IC substrate. Rigid/multilayer is likely to remain at the forefront of the PCB laminates market growth during the forecast period. Rigid PCBs are inflexible in construction and have a high current capacity. They are best suited for automotive, computer, and industrial electronics applications. The vast majority of rigid PCBs are manufactured with FR-4 as the primary insulating pillar.

Based on Laminate type - Based on the laminate type, the market is classified as FR-4, FR-4 high Tg, FR-4 halogen-free, paper, CEM, and special & others. FR-4 is expected to remain the most sought-after laminate type for PCB applications during the forecast period. The multitude of properties provided by FR-4, such as good strength-to-weight ratio, close to zero water absorption, good fabrication characteristics, and the ability to retain high mechanical values and electrical insulating qualities in both dry and humid conditions, make it an attractive option for a wide range of electrical and mechanical applications. CEM (CEM-3) has a structure very similar to FR-4 and is a slightly cheaper laminate type that is gaining traction over FR-4 in some regional markets.

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest market for PCB laminates over the forecast period. In addition, the region is likely to witness healthy market growth in the coming years. This growth outlook is majorly attributed to the following:

• China, Taiwan, Japan, and South Korea are the preferred manufacturing destinations for PCB laminates in the region. China remains a global leader in electronics manufacturing due to its strong political environment, abundant natural and human resources, favorable national policies, and ever-increasing international influence.
• Furthermore, advancements in consumer electronics and telecommunication products are opening up new opportunities in the regional market. The growing adoption of smart devices, paired with the presence of a large number of PCB makers in the region, indicates a high level of PCB production in the region, which is likely to generate significant demand for PCB laminates in Asia-Pacific.

PCB Laminates Market Drivers:

The long-term market outlook seems propitious, with the increasing demand for PCBs in emerging sectors such as 5G communications. Also, a gradual shift toward advanced and high-value-added products, such as thin, high-frequency, high-speed, and halogen-free laminates, is likely to create new revenue pockets for the market stakeholders over the next five years.

Click here to read the full report from Stratview Research.