Global Circuit Materials Market Size is valued at $38.4 Billion in 2024 and is forecast to register a growth rate (CAGR) of 3.7% to reach $51.4 Billion by 2032.
The global Circuit Materials Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Material Class (Substrate, Conducting Material, Outer Layer), By Substrate (Fiberglass-Epoxy, Paper-Phenolic, CEM, Polyimide, Others), By Conducting Material (Copper, Others), By Outer Layer (Liquid Ink Photoimageable Solder Mask, Dry Film Photoimageable, Others), By Application (Communications, Industrial Electronics, Automotive, Aerospace & Defense, Others).
An Introduction to Circuit Materials Market in 2024
The circuit materials market is experiencing robust growth in 2024, driven by the increasing demand for high-performance electronic components and the proliferation of electronic devices across various end-use industries such as automotive, telecommunications, consumer electronics, and aerospace. Circuit materials, including substrates, laminates, and coatings, form the foundation of electronic circuits and play a critical role in ensuring reliable electrical performance, thermal management, and signal integrity. The market is witnessing a shift towards advanced materials such as high-frequency laminates, flexible substrates, and thermally conductive dielectrics to meet the requirements of next-generation electronic applications such as 5G communication, Internet of Things (IoT), and electric vehicles. Further, innovations in additive manufacturing, microfabrication, and nanotechnology are driving the development of novel circuit materials with enhanced functionality, miniaturization, and integration capabilities. Additionally, the growing emphasis on sustainability and recyclability is prompting manufacturers to explore eco-friendly alternatives and circular economy strategies, thereby shaping the future trajectory of the circuit materials market.
TABLE OF CONTENTS
1 Introduction to 2024 Circuit Materials Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Circuit Materials Market Size Outlook, $ Million, 2021 to 2032
3.2 Circuit Materials Market Outlook by Type, $ Million, 2021 to 2032
3.3 Circuit Materials Market Outlook by Product, $ Million, 2021 to 2032
3.4 Circuit Materials Market Outlook by Application, $ Million, 2021 to 2032
3.5 Circuit Materials Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Circuit Materials Industry
4.2 Key Market Trends in Circuit Materials Industry
4.3 Potential Opportunities in Circuit Materials Industry
4.4 Key Challenges in Circuit Materials Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Circuit Materials Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Circuit Materials Market Outlook by Segments
7.1 Circuit Materials Market Outlook by Segments, $ Million, 2021- 2032
By Material Class
Substrate
Conducting Material
Outer Layer
By Substrate
Fiberglass-Epoxy
Paper-Phenolic
CEM
Polyimide
Others
By Conducting Material
Copper
Others
By Outer Layer
Liquid Ink Photoimageable Solder Mask
Dry Film Photoimageable
Others
By Application
Communications
Industrial Electronics
Automotive
Aerospace & Defense
Others
8 North America Circuit Materials Market Analysis and Outlook To 2032
8.1 Introduction to North America Circuit Materials Markets in 2024
8.2 North America Circuit Materials Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Circuit Materials Market size Outlook by Segments, 2021-2032
By Material Class
Substrate
Conducting Material
Outer Layer
By Substrate
Fiberglass-Epoxy
Paper-Phenolic
CEM
Polyimide
Others
By Conducting Material
Copper
Others
By Outer Layer
Liquid Ink Photoimageable Solder Mask
Dry Film Photoimageable
Others
By Application
Communications
Industrial Electronics
Automotive
Aerospace & Defense
Others
9 Europe Circuit Materials Market Analysis and Outlook To 2032
9.1 Introduction to Europe Circuit Materials Markets in 2024
9.2 Europe Circuit Materials Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Circuit Materials Market Size Outlook by Segments, 2021-2032
By Material Class
Substrate
Conducting Material
Outer Layer
By Substrate
Fiberglass-Epoxy
Paper-Phenolic
CEM
Polyimide
Others
By Conducting Material
Copper
Others
By Outer Layer
Liquid Ink Photoimageable Solder Mask
Dry Film Photoimageable
Others
By Application
Communications
Industrial Electronics
Automotive
Aerospace & Defense
Others
10 Asia Pacific Circuit Materials Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Circuit Materials Markets in 2024
10.2 Asia Pacific Circuit Materials Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Circuit Materials Market size Outlook by Segments, 2021-2032
By Material Class
Substrate
Conducting Material
Outer Layer
By Substrate
Fiberglass-Epoxy
Paper-Phenolic
CEM
Polyimide
Others
By Conducting Material
Copper
Others
By Outer Layer
Liquid Ink Photoimageable Solder Mask
Dry Film Photoimageable
Others
By Application
Communications
Industrial Electronics
Automotive
Aerospace & Defense
Others
11 South America Circuit Materials Market Analysis and Outlook To 2032
11.1 Introduction to South America Circuit Materials Markets in 2024
11.2 South America Circuit Materials Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Circuit Materials Market size Outlook by Segments, 2021-2032
By Material Class
Substrate
Conducting Material
Outer Layer
By Substrate
Fiberglass-Epoxy
Paper-Phenolic
CEM
Polyimide
Others
By Conducting Material
Copper
Others
By Outer Layer
Liquid Ink Photoimageable Solder Mask
Dry Film Photoimageable
Others
By Application
Communications
Industrial Electronics
Automotive
Aerospace & Defense
Others
12 Middle East and Africa Circuit Materials Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Circuit Materials Markets in 2024
12.2 Middle East and Africa Circuit Materials Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Circuit Materials Market size Outlook by Segments, 2021-2032
By Material Class
Substrate
Conducting Material
Outer Layer
By Substrate
Fiberglass-Epoxy
Paper-Phenolic
CEM
Polyimide
Others
By Conducting Material
Copper
Others
By Outer Layer
Liquid Ink Photoimageable Solder Mask
Dry Film Photoimageable
Others
By Application
Communications
Industrial Electronics
Automotive
Aerospace & Defense
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
DuPont de Nemours Inc
Isola Group
ITEQ Corp
Kingboard Laminates Holdings Ltd
Mitsubishi Materials Corp
Nikkan Industries Co. Ltd
Panasonic Corp
Rogers Corp
Shengyi Technology Co. Ltd
Taiflex Scientific Co. Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Material Class
Substrate
Conducting Material
Outer Layer
By Substrate
Fiberglass-Epoxy
Paper-Phenolic
CEM
Polyimide
Others
By Conducting Material
Copper
Others
By Outer Layer
Liquid Ink Photoimageable Solder Mask
Dry Film Photoimageable
Others
By Application
Communications
Industrial Electronics
Automotive
Aerospace & Defense
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
