Allied Market Research


Circuit Materials Market

Circuit Materials Market Size, Share, Competitive Landscape and Trend Analysis Report by Material, by Substrate and by Application : Global Opportunity Analysis and Industry Forecast, 2023-2032

MC : Advanced Materials

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Author's: | Eswara Prasad
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Circuit Materials Market Outlook – 2028

 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

  • The impact of covid-19 on the circuit material market has been negative due to lockdown imposed in several countries across the globe. The demand for these products has been affected due to the temporary shutting down of businesses in recent months.
  • Due to shutdown of the automotive sector, the automotive printed circuit board market had been impacted the most, with huge financial loss to the circuit materials market.
  • The restrictions on movement disturbed the supply chain of the market. Imports and exports were halted in many countries which hindered the growth of the market.

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.

Market Trends

New product launch

  • The increase in the usage of mobile phones is further expected to drive the market for circuit materials across the world. According to the Germany statistical office, in the beginning of 2019, nearly every household (97%) owned at least one mobile phone, as compared to 94%, in the year 2014. Mobile subscribers are also expected to grow in the upcoming years. Due to the miniaturization trend of mobile devices such as smartphones, laptops and tablets for consumer convenience, there is a rise in the manufacturing of the circuit boards.
  • AT&S manufactures printed circuit boards for smartphones and tablets, supplying big corporations such as Apple and Intel. Furthermore, in upcoming years, Apple plans to launch two ‘iPhone SE 2’ models in different sizes. The upcoming iPhone SE 2 models may use a 10-layer Substrate-like circuit boards for its motherboard, which may be manufactured by AT&S.
  • In February 2020, Apple Inc.’s supplier, Wistron, will start assembling iPhone circuit boards locally in India. Apple’s iPhone circuit boards were earlier manufactured overseas and then imported to India. This move is expected to set off the government, choosing to increase customs duty on circuit board assembly.

Key Benefits of the Report

  • This study presents the analytical depiction of the circuit materials industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the circuit materials market share.
  • The current market is quantitatively analyzed to highlight the circuit materials market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed circuit materials market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the circuit materials report

  • Who are the leading market players active in the circuit materials market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
    • Upcoming Report specific
      • Who are the leading global players in the "circuit materials" Market?
      • What are the current trends and predicted trends?
      • What are the challenges faced in the "circuit materials" Market?
      • What are the key benefits of the "circuit materials" Market report?
      • What will be the anticipated growth rates for your own circuit materials Market economy altogether and also for every segment inside?
      • What are the driving factors and opportunities in the market?    

Circuit Materials Market Report Highlights

Aspects Details
By Material
  • Material Class
  • Conducting Material
  • Outer Layer
  • Others
By Substrate
  • Rigid
  • Flexible
  • Rigid-Flex
By Application
  • Communications
  • Industrial Electronics
  • Automotive
  • Aerospace & Defense
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players

NIKKAN INDUSTRIES Co. Ltd, SHENGYI TECHNOLOGY Co. Ltd., DowDuPont, TAIFLEX Scientific Co. Ltd., Rogers Corporation, ISOLA GROUP, Kingboard Laminates, ITEQ Corporation, Eternal Materials Co. Ltd.

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Circuit Materials Market

Global Opportunity Analysis and Industry Forecast, 2023-2032