Report Code: A11822 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Circuit Materials Market
Request Now ! A circuit board is an electronic component used in several electric appliances to provide mechanical support and the materials associated with the circuit are labelled to as circuit materials. Circuit materials are materials which connect components to make a working assembly or circuit. These enables the manufacturers to develop high performance circuits and are mounted on printed circuit board. They make thin, solderable, high-density electric interconnects for single- and double-sided, multilayered, flex and rigid flex applications easier to make. The majority of electronic products contain circuit materials. Some electric items, such as passive switch boxes, also employ them.
​​​​​​Covid-19 impact analysis
Top Impacting factor
Technological advancements in the electronics industries, such as upgrades in the smartphones combined with the growing adoption of circuit materials in the electronics sector are driving the global circuit materials market growth. Increase in the use of circuit materials in the electronic devices like communication devices has led to growth of the circuit materials market. Upgradation in smartphones, touchscreen tablets, laptops, and other consumer electronics is driving the market growth in recent years. The global circuit materials is expected witness high growth during the forecasted period owing to increase in the demand from the automotive and communication sectors. Low supply of copper foils and the production of environmentally friendly products can restrict the growth of the market during the forecasted period. A major challenge faced by circuit materials market is production of green and energy-efficient products. Escalating consciousness among the end users toward bio-compatibility of the materials used in the printed circuit boards is expected to surge the market demand. Furthermore, the compact design & reduced mass of the circuit materials will create new opportunities for the growth of the circuit materials industry during the forecast period.
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Circuit Materials Market Report Highlights
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Key Market Players | Eternal Materials Co. Ltd., SHENGYI TECHNOLOGY Co. Ltd., ITEQ Corporation, NIKKAN INDUSTRIES Co. Ltd, ISOLA GROUP, Kingboard Laminates, DowDuPont, TAIFLEX Scientific Co. Ltd., Rogers Corporation |
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