Copper Clad Laminate (CCL) and Prepreg Market Size, Share, Growth, and Industry Analysis, By Type (Copper Clad and Laminate Prepreg), By Application (Computer, Communication, Consumer Electronics, Vehicle Electronics, Industrial and Medical, Military and Space, Others), Regional Forecast By 2031

Updated On: 10 June 2024

Copper Clad Laminate (CCL) and Prepreg Market Report Overview

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The global copper clad laminate (CCL) and prepreg market size was USD 14080 million in 2021 & the market is expected to reach USD 21314.93 million in 2031, exhibiting a CAGR of 4% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels once the pandemic is over. 

Prepreg and copper clad laminate (CCL) are two important materials used in the production of printed circuit boards (PCBs). CCL is a composite material made up of layers of copper foil laminated onto a substrate made of fiberglass-reinforced epoxy resin. Prepreg, or pre-impregnated fiberglass cloth or mat, is a fiberglass cloth or mat that has been pre-impregnated with a resin binder.

The increased demand for electronic gadgets like smartphones, laptops, and tablets, which rely on PCBs for operation, is driving the CCL and prepreg business. The demand for high-speed and high-frequency PCBs, as well as the trend towards miniaturization, are also propelling the CCL and prepreg industry forward.

COVID-19 Impact: Pandemic has had Moderate Impact on the Market Demand

The global market for copper clad laminate (CCL) and prepreg was moderately impacted by the COVID-19 pandemic. The outbreak of the pandemic led to disruptions in the global supply chain, and the lockdowns imposed by governments across the world resulted in a significant decline in demand for electronic devices, leading to a slowdown in the production of PCBs. However, as the world adapted to the new normal, the demand for electronic devices started to pick up, leading to a recovery in the market. Additionally, the growing trend towards remote work and the increasing demand for 5G technology are expected to drive the global copper clad laminate (CCL) and prepreg market growth of the CCL and prepreg market in the post-COVID-19 era.

Latest Trends

"Increasing Demand for High-Performance Materials to drive latest trend in the market"

The global copper clad laminate (CCL) and prepreg market is experiencing several recent trends, including an increase in demand for high-performance materials with higher thermal conductivity and mechanical strength, an increase in the use of flexible PCBs for various applications, and a shift towards eco-friendly and sustainable materials. Furthermore, the growing trend towards electric cars and renewable energy is likely to stimulate PCB demand and, as a result, the CCL and prepreg markets. 

Copper Clad Laminate (CCL) and Prepreg Market Segmentation

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• By Type

Based on type, the copper clad laminate (CCL) and prepreg market is divided into copper clad and laminate prepreg.

• By Application

Based on application, the market is divided into computer, communication, consumer electronics, vehicle electronics, industrial and medical, military and space, others.

Driving Factors

"Growing Electronic Device Demand to offer growth opportunities to the market"

The increased demand for electronic devices such as smartphones, laptops, and tablets drives the demand for PCBs, which in turn drives the expansion of the CCL and prepreg markets.

The miniaturization trend, as well as the requirement for high-speed and high-frequency PCBs, are driving the expansion of the copper clad laminate (CCL) and prepreg sector.

"Flexible PCB adoption to bolster product demand"

The adoption of flexible PCBs for numerous applications such as wearable gadgets, automotive electronics, and medical devices is propelling the CCL and prepreg industry forward.

Restraining Factors

"High Cost of Production and Competition may limit market growth"

Several impediments are now affecting the worldwide copper clad laminate (CCL) and prepreg market. These include the high cost of producing CCL and prepreg materials, the increasing competition from substitute materials such as ceramic PCBs, and the complicated manufacturing methods required to produce advanced CCL and prepreg products. Furthermore, ongoing trade conflicts between key economies such as the United States and China are causing market uncertainty, which may harm demand for CCL and prepreg goods in the future.

Copper Clad Laminate (CCL) and Prepreg Market Regional Insights

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"Growing Demand in Asia Pacific Anticipated to Boost Market Expansion"

The Asia-Pacific area has the largest copper clad laminate (CCL) and prepreg market share, owing to the presence of a strong electronics manufacturing industry in countries such as China, Japan, and South Korea. The region is also predicted to grow significantly in the next few years, driven by rising demand for electrical gadgets and the need for more complex PCBs. North America and Europe are also important markets for CCL and prepreg, owing to the increasing adoption of electric vehicles and renewable energy solutions, both of which require improved PCBs. The Middle East and Africa, as well as Latin America, are likely to see moderate growth in the CCL and prepreg markets in the future years.

Key Industry Players

"Adoption Innovative Strategies by Key Players Influencing Market Development"

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. The top key players in the market areKingboard Laminates Group, SYTECH, Panasonic, Nan Ya Plastic, EMC, ITEQ, DOOSAN, TUC, GDM International Technology Ltd., Hitachi Chemical, Isola, Nanya New Material Technology Co., Ltd., Rogers Corporation, Wazam New Materials, Chang Chun Group, Mitsubishi, Guangdong Goworld Lamination Plant, Ventec International Group, Sumitomo and AGC.

Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates the market growth.

List of Market Players Profiled

• Kingboard Laminates Group
• SYTECH
• Panasonic
• Nan Ya Plastic
• EMC
• ITEQ
• DOOSAN
• TUC
• GDM International Technology Ltd.
• Hitachi Chemical
• Isola
• Nanya New Material Technology Co., Ltd.
• Rogers Corporation
• Wazam New Materials
• Chang Chun Group
• Mitsubishi
• Guangdong Goworld Lamination Plant
• Ventec International Group
• Sumitomo
• AGC

REPORT COVERAGE

This report examines an understanding of the global copper clad laminate (CCL) and prepreg market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.