PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1100663
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1100663
Global Flexible Copper Clad Laminate (FCCL) market is set to cross USD XX million revenue by 2027 with likely to witness an impressive CAGR of 5.3% during the forecast period.
FCCL (flexible copper clad laminate) is a critical component of flexible printed circuits (FPCs). FCCL is made up of copper foil and polyimide layers, which act as an electrical conductor and an insulator, respectively.
The primary factor driving the robust demand for FCCL is its use in the hardware industry. It is also utilized in a variety of electrical items such as radios, televisions, mobile phones, and computers. The market is predicted to rise rapidly in APAC's growing and developing economies, such as China, Japan, South Korea, and India, while North America and Row will experience faster growth throughout the forecast period.
In addition, the automotive industry is rapidly evolving, with a focus on passenger safety, comfort, and convenience. Various safety elements, such as the alert system, blind-spot detection system, and lane departure system, among others, require PCBs to function properly. FCCL holds prime importance in printed circuit board (PCB) fabrication owing to superior conductivity and insulation properties. Furthermore, the Increasing use of Flexible Copper-Clad Laminate in Ink-jet Printer, Medical Apparatus, is also driving the growth of the Flexible Copper-Clad Laminate market across the globe.
The FCCL market is segmented on the basis of product type, application, and region.
On the basis of product type, the market is divided into several categories, including Laminating, Tape Electroplating, Casting, Sputtering, and others. In 2021, the Flexible Copper-Clad Laminate products segment was the market leader in the Flexible Copper-Clad Laminate market. Diabetes occurrences are predicted to rise, and new product introductions will boost segment growth.
The market is divided into applications such as Ink-jet Printer, Automobiles, and Medical Apparatus, among others. Medical Apparatus will expand at a CAGR of more than 4% throughout the projection period, as FCCL are widely employed in PCBs Medical Apparatus processes.
Also, the automobile category has generated more than USD 2 billion in sales due to the fast-growing automotive industry, and with the advent of e-vehicles, the segment is likely to gain speed in the near term.
The market is fragmented due to the presence of various small and major producers competing on price and quality. The market is characterized by fierce competition, making it tough for new entrants. Major companies are expanding their R&D, developing infrastructure, and looking for possibilities to vertically integrate across the value chain. These activities assist them in developing novel products and technologies, meeting rising product demand, and improving operations planning by lowering costs.
For instance, the majority of manufacturers are investing in R&D to create flexible copper-clad laminates, which are employed in the production of flexible PCBs. These PCBs are primarily utilized in the manufacture of military gadgets.
The scope of this report covers the market by its major segments, which include as follows: