According to the new market research report “Low Dielectric Materials Market by Type, Material Type (Fluoropolymers, Modified Polyphenylene Ether, Polyimide, Cyclic Olefin Copolymer, Cyanate Ester, Liquid Crystal Polymer), Application and region - Global Forecast to 2027”, published by MarketsandMarkets™, the global Low Dielectric Materials Market size is projected to grow from USD 1.7 billion in 2022 to reach USD 2.4 billion by 2027, at a CAGR of 6.7%. The major factors driving the nanocellulose market include growth in air traffic across the globe and increasing funding for development of 5G network from government & private sectors of developed as well as developing nations.
Asia Pacific is not only the largest market for low dielectric materials, but also the fastest growing region in the market. Countries such as China, Japan, Taiwan and South Korea have been the hub for manufacturing of electronics, and has lead the demand for low dielectric materials. The demand has been further accentuated with the focus of countries in Asia Pacific to develop the 5G communication network. Also, the increase in air travel has further improved the demand for components such as antenna and radome, ultimately providing a push to the demand for low dielectric materials.
