IndiaCopper Clad Laminates Market: Introduction
The India copper clad laminates market in the India was valued at~US$ 2 Bnin 2020 andis expected to surpass US$ 3.6 Bnby 2031,expanding at a CAGR of ~6% duringthe forecast period of 2021 to 2031. Copper cladcover offers amazing protection, signal, conductivity, and supporttransmission, which make it a principal crude material in the manufacture ofPCBs. Consequently, consistent progression of PCB sheets and their developinginterest in terminal electronic items are estimated to propel the market duringthe forecast period. Rapid developments witnessed in the downstream electronicinformation industry; for instance, vacuum fluorescent displays and opticalinformation storage systems, along with considerable extension of differentend-use divisions are likely to drive the market over the next few years.
Copperclad laminate (CCL) is extensively utilized in the hardware industry, and isalso used as a key raw material for manufacturing PCBs that are generallyutilized in manufacturing various electronic products such as radios, TVs,mobiles, and PCs. The demand for these products is significantly increasing inIndia due to rapid digitization, growing disposable income, and favorabledemographics, which, in turn, is expected to boost the consumption of copperclad laminates during the forecast period.
Request Sample
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=82511
RapidExpansion of PCB Industry in India Driving Copper Clad Laminates Market
Thedemand for PCBs, a vital component in any electronic equipment, is rising at ahighly rapid pace in India, owing to significant consumption of electronicgoods in India, including mobile phones and computers. PCB is an electricallyinsulating board onto which electrical components are assembled and wiredtogether. PCBs are used with memory, motherboard, graphics cards, and severalother types of electronic devices.
Accordingto estimates, the total consumption of PCBs in India is worth about US$ 2 Bn a year,and is increasing around 40% year-on-year.However, the total production of PCBs by India-based manufacturers is in therange of US$ 300 Mn,thereby offering significant opportunity to the industry. About 60 units are inoperation in India, which include about 15 large manufacturers includingAT&S and Cipsa.
More Trending Reports
TradeWar, COVID- 19 Outbreak to Hamper Market Growth
Theescalating China–India trade war may restrain the market in the near future.The economic conflict has increased tariff on various China-made goods, andChina being the major raw material supplier in the copper clad laminates marketin India could possibly increase the product prices in India to offset itslosses in the trade war. The COVID-19 outbreak has moderately affected the PCBdemand due to the supply chain fallout and a decline in demand from industrialand automotive sectors. The majority of OEMs have their supply chain passingfrom China. The production from China is recovering; however, several nationsare enacting stringent export laws to ramp up their safety measures. This hasresulted in the shortage of PCBs in various industries in India, which, inturn, is hampering the copper clad laminates market.
Buy Now
https://www.transparencymarketresearch.com/checkout.php?rep_id=82511<ype=S
AboutUs
TransparencyMarket Research is a global market intelligence company, providing globalbusiness information reports and services. Our exclusive blend of quantitativeforecasting and trends analysis provides forward-looking insight for thousandsof decision makers. Our experienced team of Analysts, Researchers, andConsultants, use proprietary data sources and various tools and techniques togather, and analyse information.
Ourdata repository is continuously updated and revised by a team of research experts,so that it always reflects the latest trends and information. With a broadresearch and analysis capability, Transparency Market Research employs rigorousprimary and secondary research techniques in developing distinctive data setsand research material for business reports.
Contact
90State Street, Suite 700
Albany,NY 12207
Tel:+1-518-618-1030
USA- Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com/
