Global PCB Laminate Market Report and Forecast 2024-2032

Global PCB Laminate Market Outlook

The global PCB laminate market size reached nearly USD 15.21 billion in 2023. The market is projected to grow at a CAGR of 4.6% between 2024 and 2032 to reach a value of around USD 22.79 billion by 2032.

Key Trends in the Market

PCB laminate refers to a non-conductive substrate which is used as a base material to manufacture printed circuit boards (PCBs). PCBs are used to produce various types of electronic devices such as computers and smartphones.

• One of the PCB laminate market trends includes the heightened usage of smartphones, boosting the use of PCB laminates as base materials. The development of 5G infrastructure and advancements in data transmission technology are further escalating the incorporation of PCB laminates in smartphones.

• The emergence of next-generation PCB laminates which are considered high-quality and affordable solutions for satellite communication and 5G RF applications is likely to support the PCB laminate market demand in the forecast period.

• Growing research and innovations by leading consumer electronic manufacturers aimed towards improving performance, facilitating miniaturisation, and reducing the complexity of consumer electronics are likely to create growth opportunities for the market in the coming years.

Market Analysis

Based on substrate type, the PCB laminate market segmentations include flexible circuits, HDI/microvia/build-up, IC substrate, rigid 1-2 sided, rigid flex, and standard multilayers, among others. On the basis of material, the market is classified into glass fabric, epoxy resin, and kraft paper, among others.

By application, the market is categorised into communications, consumer electronics, computer/peripheral, military/aerospace, industrial electronics, and automotive, among others. The major regional markets for PCB laminate include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global PCB laminate market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Samsung Electronics Co., Ltd.  

• Nippon Mektron, Ltd. 

• Candor Circuit Boards 

• Zhen Ding Technology Holding Limited  

• Unimicron Technology Corp. 

• Young Poong Electronics Co., Ltd. 

• Avanti Circuits 

• PCB Power/Circuit Systems India Ltd 

• Ventec International Group 

• Venture Electronics  

• Others

Market Share by Substrate Type

Standard multilayers account for a significant portion of the PCB laminate market share. This can be attributed to the heightened application of standard multilayers in electronic products with complex systems. In addition, standard multilayers are lightweight, durable, and smaller in size compared to their counterparts, making them preferable in various end-use sectors.

Moreover, such multilayers require a single connection point, instead of multiple, which reduces the complexity of downstream electronic products.

Market Share by Region

As per the PCB laminate market analysis, the Asia Pacific is expected to experience a healthy growth in the forecast period. The rising demand for electronic products is driving the growth of the market. This region is one of the largest PCB producers around the world and is currently focussing on enabling foreign PCB manufacturing companies to build new production plants in countries like Thailand.

Competitive Landscape

Samsung Electronics Co., Ltd. is a leading appliance manufacturing company that was founded in 1969 and is headquartered in Suwon-si, South Korea. The company manufactures a variety of consumer electronics, including smartphones, refrigerators, and TVs, among others.

Nippon Mektron, Ltd. is a corporation which manufactures and sells electronic products and devices, such as single-sided and double-sided circuit boards. The company was founded in 1969 and is a subsidiary of NOK Corporation.

Candor Circuit Boards is a prominent circuit board manufacturer which produces flexible and rigid-flex printed circuit boards, impedance-controlled boards, heavy copper circuit boards, and metal-backed copper boards, among others.

Other PCB laminate market players include Zhen Ding Technology Holding Limited, Unimicron Technology Corp., Young Poong Electronics Co., Ltd., Avanti Circuits, PCB Power/Circuit Systems India Ltd, Ventec International Group, and Venture Electronics, among others.

Key Highlights of the Report