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Circuit materials are mounted on the printed circuit board. They connect the components together to form a working circuit or assembly. Circuit materials enable the designer and manufacturer of complex circuits to deliver high-performance solutions. Circuit materials offer excellent functional performance and high reliability. They facilitate the fabrication of thin, solder-able, high-density electric interconnects for single- and double-sided, multilayered, flex and rigid flex applications. Circuit materials are used in most electronic products. They are also used in some electric products such as passive switch boxes.

Global Circuit Materials Market: Segmentation

Based on material class, the global circuit materials market has been segmented into substrate, conducting material, and outer layer. In terms of substrate, the market has been divided into fiberglass-epoxy, paper-phenolic, CEM, polyimide, and others. The fiberglass-epoxy segment is projected to hold the leading market share, in terms of value, during the forecast period. The fiberglass-epoxy material is used for printed circuit boards, due to its superior mechanical and chemical properties. The fiberglass-epoxy material can provide a high strength-to-weight ratio and can withstand moisture. It offers high resistance to fire. Based on type of conducting material, the circuit materials market can be segmented into copper and others. Based on outer layer, the global circuit materials market has been classified into liquid-ink photoimageable solder mask, dry-film photoimageable solder mask, and others. Based on application, the market has been divided into communications, industrial electronics, automotive, aerospace & defense, and others. The communications segment is projected to account for the leading share of the circuit materials market, in terms of value, during the forecast period. In communications, circuit materials are significantly employed in various devices such as mobiles, telephones, and smart tablets. The use of circuit materials in communications has increased in order to provide enhanced conductivity on compact printed circuit boards (PCBs) of various communication devices.

Global Circuit Materials Market: Overview

Technological advancements in the electronics sector is a major driver of the circuit materials market. Growth of the consumer electronics industry led by the rising demand for smartphones, tablets, and LCD TVs has been augmenting the sale of circuit materials. Increasing awareness among consumers regarding advantages of printed circuit boards, such as compact design and low weight, over rigid or conventional PCBs is likely to boost the circuit materials market during the forecast period. On the other hand, low supply of copper foils is hindering the circuit materials market. Sluggish uptake of technology in developing economies is likely to hinder the global circuit materials market during the forecast period. Technological advancements in developing economies are presenting growth opportunities for the circuit materials market. A major challenge for the circuit materials market is production of green and energy-efficient products.

Global Circuit Materials Market: Regional Outlook

Based on region, the global circuit materials market has been segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa. Asia Pacific is estimated to be the major market for circuit materials from 2018 to 2026. Increasing demand from communications, industrial electronics, and automotive applications in Asia Pacific is expected to boost the circuit materials market in the region during the forecast period. Presence of well-established manufacturers of circuit materials in Asia Pacific is a driving factor for the market in the region. The markets in Europe and North America are expected to expand significantly during the forecast period. Europe is a hub for automobiles. This is projected to drive the circuit materials market in the region during the forecast period.

Global Circuit Materials Market: Key Players

Key players operating in the global circuit materials market are SHENGYI TECHNOLOGY CO., LTD., Kingboard Laminates, ITEQ Corporation, DowDuPont, Eternal Materials Co., Ltd., Rogers Corporation, TAIFLEX Scientific Co., Ltd., ISOLA GROUP, and NIKKAN INDUSTRIES CO., Ltd. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

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3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

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Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Circuit Materials Market

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