PTFE (Polytetrafluoroethylene) has properties like chemical resistance, flexibility, thermal resistance and low friction owing to which it is used in applications across various industries like aerospace, electronics and electrical, consumer goods and building & construction. CCL is a basic material of PCB which is laminated with copper clads and forms a basis of many electrical components. PTFE CCL is utilized widely in hardware industry in manufacturing various electronic products like televisions, computers, mobile phones and radios.
According to the report analysis of,’ Global PTFE CCL Market to reach USD 561.4 million by 2027.’ Major market player in the market of Global PTFE Market are Guangdong Chaohua Technology Co., Ltd. (China), Guangzhou Grace Electron Corporation (China), Panasonic Corporation (Japan), Isola Group Ltd. (US), Shengyi Technology Co., Ltd. (SYTECH) (US), Doosan Group (South Korea), Nan Ya Plastics Corporation (China), Taiwan Union Technology Corporation (Taiwan), ITEQ CORPORATION (Taiwan), Shandong Jinbao Electronics Co.,Ltd. (China) and Cipel Italia (Italy). For Instance: As per Oberlo Statistics in 2020, the current smartphone penetration rate in estimated to be 45.6% which means more than 4 persons out of every 10 own a mobile phone. Also, as per data from Statista in 2020, 10.34% of rise in smartphone users has been observed as compared to 2018.
Because of covid-19 pandemic, manufacturers have suffered losses owing to lockdowns and non-operational factories considering labor safety and government norms. This led to the decrement in the market expansion of Global PTFE CCL Market. However, technological development in optical information storage systems and upcoming 5G technologies which require 5G infrastructure materials good boosts the market expansion in the forecast amount. For Instance: As per data by Gartner in 2019, 5G network infrastructure market is expected to rise by 89% in just 12 months of launch. Tremendous rise is use of e-vehicles would also act as the major factor which would support the market growth. As per McKinsey in 2019, Global e-vehicle usage increased by 63% year on year basis in 2018. Even so, availability of other substitute would be the major restraining factor which impede the growth of the market over the forecast period of 2020-2027.
The regional analysis of global PTFE CCL market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world due to rise in technological advancements and strong penetration of electronic products. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such rapid rise in the use of electronics products in emerging economies such as Japan, China and India would create lucrative growth prospects for the PTFE CCL market across Asia-Pacific region. The market is further segmented on the basis of type and application. On the basis of type divided into PTFE Fiberglass Type and PTFE Filled Type. On the basis of Application divided into Communication Infrastructure, Electronics Product, Automotive, Defense and Others.
Moreover, tremendous increase in demand for these electronics products’ major drivers for market growth. Further, development and recent innovations in semiconductor technologies and electronic machines will contribute the growth of PTFE CCL market. It also provides support transmission, conductivity and offers amazing protection. Therefore, it is expected that the market of Global PTFE Market will boost up throughout the forecast amount.
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Related Reports:-
Global PTFE CCL Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023
Global PTFE CCL Market Research (2015-2019) and Future Forecast (2020-2025)
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