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.
For More Information, Click on the Link Below:-
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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Ken Research
Ankur Gupta, Head Marketing &
Communications
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