Circuit Materials Market worth 36.85 billion USD by 2023

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Circuit Materials Market 
The report "Circuit Materials Market by Material
Class (Substrate, Conducting Material, Outer
Layer), Substrate (Fiberglass Epoxy,
Paper-Phenolic), Conducting Material (Copper),
Outer Layer (LIPSM, Dry Film Photoimageable),
Application, Region - Global Forecast 2023", The
circuit materials market is projected to grow
from an estimated USD 30.58 billion in 2018 to
USD 36.85 billion by 2023, at a CAGR of 3.8
between 2018 and 2023.
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Introduction
The growing demand for circuit materials due to
technological advancements in the electronics
sector is projected to drive the market during
the forecast period. Various secondary sources,
such as Factiva, Hoovers, and Manta were used to
gain insights for the circuit materials market.
Experts from leading companies manufacturing
circuit materials were interviewed to verify and
collect critical information and to assess the
trends in the circuit materials market during the
forecast period. The top-down, bottom-up, and
data triangulation approaches have been
implemented to calculate the exact values of the
overall parent and individual market sizes.
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Key Participants
Key players operating in the circuit materials
market include Shengyi Technology (China),
Kingboard Laminates (Hong Kong), ITEQ Corporation
(Taiwan), DowDuPont (US), Jinan Guoji Technology
(China), Eternal Materials (Taiwan), Rogers
Corporation (US), Taiflex Scientific (Taiwan),
Isola Group (US), and Nikkan Industries (Japan).
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On The Basis Of Region
APAC is estimated to be the largest market for
circuit materials in 2018. The growth of the APAC
circuit materials market can be attributed to the
growing demand from the communications,
industrial electronics, and automotive
applications in the region. The growth is also
attributed to the presence of well-established
circuit materials manufacturers, such as Shengyi
Technology (China), Kingboard Laminates (Hong
Kong), and ITEQ Corporation (Taiwan) in the
region.
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