The Global Low Dielectric Materials Market Size is valued at 1.89 billion in 2023 and is predicted to reach 3.35 billion by the year 2031 at an 7.56% CAGR during the forecast period for 2024-2031.
The term "thermoset materials" describes substances that, as a result of a chemical reaction triggered by heat, a catalyst, UV light, and other elements, will or have become essentially infusible. The various materials used in PCBs, antennae, microelectronics, wire and cable, radomes, and other products include fluoropolymer, modified polyphenylene ether, polyimide, cyclic olefin copolymer, cyanate ester, liquid crystal polymer, and others.
Equipment for 5G networks, such as antenna interlayers, cables, and communication devices, are frequently made with low dielectric constant resins. Materials that are dielectric function as electric insulators and can store electric charges. They act as a container for short-term charge storage.
As a result, the market for low-dielectric materials is expanding due to the arrival of 5G communications. The primary trend that is gaining traction in the market for low-dielectric materials is new technological developments. To maintain their place in the market, major players are offering new technological items that are produced utilizing optimum electrical technology.
Recent Developments:
- In November 2021, Arkema created three new PRO14729, PRO14730, PRO14731 ultra-low loss materials for RF applications. These novel materials were created in response to the rising demand for extremely low-power electronic applications.
- In February 2021, a novel type of cyclic olefin copolymer with stereoregular properties and unrivalled heat, chemical, and bending resistances was introduced by Zeon Corporation. The new product is anticipated to meet the needs of regional Asian Pacific electrical component producers.
Competitive Landscape:
Low Dielectric Material Market Players:
- Huntsman Corporation
- Arxada, Sabic
- Asahi Kasei
- Topas Advanced Polymers
- Zeon Corp
- The Chemours Company
- DIC Corporation
- Arkema, Mitsubishi Chemical Corporation
- Showa Denko Material Group
- DOW
- Shin-Etsu Chemical Co., LTD.
- Olin Corporation
- Celanese Corporation
- Solvay
- Flucorcarbon
- Chenguang Research Institute of Chemical Industry
- Dakin Industries LTD
- Polyonics, Inc
- Circuit Companies Supplies LTD
- Yunda Electronics Materials Co., LTD
- Liyang, Huajing Electronic Material Co., LTD
- Victrex
- Nanjing Qingyan Polymer New Materials LTD.
Market Segmentation:
The low dielectric materials market is segmented into type, material and application. Based on type, the market is segmented into thermoplastic, thermoset, or ceramics. Based on material type, the market is segmented into fluoropolymer (PTFE, Others), modified, polyphenylene, ether, liquid crystal polymer, cyclic olelin copolymer, polyimide, cyanate ester, modified polyphenylene ether, and others. Based on application, the market is segmented into PCBs, antenna, microelectronics, wire & cable, radome, and others (CMOS Devices, and Sensor Devices).
Based On Type, The Thermoset Resins Segment Is Accounted As A Major Contributor In The Low Dielectric Materials Market
The fact that thermosets can easily take on a stable structure and have good resistance to deformation when heated is a major factor in the rise in demand for them. These resins are particularly well suited for the production of printed wire boards since they also provide significant strength, durability, and electrical resistance. On the other hand, easily recyclable thermoplastics are also being used widely as the movement of sustainability gains hold around the world.
PCBs Segment Witnesses The Largest Share Of The Overall Market
The low dielectric material market is divided into PCBs, antennae, microelectronics, wire & cable, radome, and others based on applications. The largest end use for low-dielectric materials at the moment is PCBs. Low dielectric materials are employed as the linking insulator material between the PCB terminals, allowing for little crosstalk and low signal loss. The need for low-dielectric materials is anticipated to rise dramatically during the forecast period as PCB demand picks up steam globally.
North American Low Dielectric Materials Market Holds A Significant Revenue Share In The Region
During the forecast period, North America is expected to provide the largest income. The market has expanded as a result of a number of causes, such as the rising need for electronic product downsizing, increased demand for radar and antennas due to increased air traffic, and the development of autonomous vehicles and 5G connectivity. Dielectric displays are being used more frequently in household appliances, mobile phones, and other consumer electronics, which is the cause of this rise. Besides, due to the rising need for the production of electronic components like PCBs and microelectronics, the Asia Pacific is the region where the market for low-dielectric materials is expanding at the quickest rate. Additionally, increased air traffic has increased the need for antennas in the area, which further increases the demand for low-dielectric materials.
Low Dielectric Materials Market Report Scope:
|
Report Attribute |
Specifications |
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Market size value in 2023 |
USD 1.89 Bn |
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Revenue forecast in 2031 |
USD 3.35 Bn |
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Growth rate CAGR |
CAGR of 7.56% from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ Million, Volume (Kiloton), and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Type, Application |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
Huntsman Corporation, Arxada, Sabic, Asahi Kasei, Topas Advanced Polymers, Zeon Corp, The Chemours Company, DIC Corporation, Arkema, Mitsubishi Chemical Corporation, Showa Denko Material Group, DOW, Shin-Etsu Chemical Co., LTD., Olin Corporation, Celanese Corporation, Solvay, Flucorcarbon, Chenguang Research Institute of Chemical Industry, Dakin Industries LTD, Polyonics, Inc, Circuit Companies Supplies LTD, Yunda Electronics Materials Co., LTD, Liyang, Huajing Electronic Material Co., LTD, Victrex, Nanjing Qingyan Polymer New Materials LTD. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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