Global low dielectric materials market is Segmented By Type (Thermoset, Thermoplastic, Ceramics), By Material (Fluoropolymers, Modified Polyphenylene Ether, Polyimide, Cyanate Ester, Liquid Crystal Polymer, Cyclic Olefin Copolymer), By Application (Printed Circuit Boards, Antenna, Microelectronics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031.
Low Dielectric Materials Market Size, Demand Insights
Low dielectric materials market size was worth US$ YY million in 2023 and is estimated to reach US$ YY million by 2031, growing at a CAGR of 6.6% during the forecast period (2024-2031).
Low Dielectric Materials Market Scope and Summary
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Metrics |
Details |
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Market CAGR |
6.6% |
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Segments Covered |
By Type, By Material, By Application, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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A dielectric substance can be strongly polarized with the aid of an electric field to hold an electric charge even though it is not an electrical conductor. Electricity cannot travel through dielectric materials when an applied electric field is present, but the electric charge within the fabric may vary from its equilibrium position. The shift is known as electrical polarization. Dielectric materials have a permanent electric dipole moment, which can temporarily split the positive and negative charges.
Most display applications employ dielectrics, including LCD, LED, OLED, and others. A low-dielectric material has a lower dielectric constant than other materials. They are typically a group of electrically weak conducting insulating materials. It makes it possible for microelectronics devices to scale. Low-dielectric materials are favored for high-power or frequency applications to minimize electric power loss.
Low Dielectric Materials Market Dynamics and Trends
High-speed communication devices demand high-performance polymers with low dielectric constant and minimal dielectric loss. Resins with low dielectric constants are becoming more popular in these applications as a result of the development of the 5G network. Resins with low dielectric loss can be desirable materials for cables, communication equipment, and antenna interlayers. Due to these characteristics, the market for low-dielectric materials is anticipated to see an increase in demand for different low-dielectric constant resins and ceramics.
Excellent heat resistance properties of thermoset resins
The low-dielectric materials are expected to be driven by its fastest-growing class of low-dielectric materials on thermoset resins like polyimide and cyanate esters. These resins are the material of choice for producing gadgets like microelectronics, antennae, and radomes because they have great heat resistance capability and do not change shape with heat generation.
On the other hand, ceramics are inexpensive and have good strength and toughness. It plays a significant role in producing microelectronics and radomes, driving global market growth.
Growing demand for mobiles and smart devices has driven the demand for PCBs.
The need for PCBs has been spurred by sales of mobile and smart devices with 5G capability, particularly in developing nations like China and India. Additionally, PCBs are essential for powering high-end devices like missiles & satellites and basic electronics like TVs, refrigerators, and washing machines. As a result, this application segment accounts for most of the need for low-dielectric materials.
Fluctuations in the availability of raw materials
Volatile raw material pricing trends are predicted to constrain the market size for low-dielectric materials in the next years. Heavy petroleum byproducts like polyethylene terephthalate and polyvinylidene difluoride are present in the market, which explains why. Wild price swings have been caused by political upheaval in oil-producing nations like Saudi Arabia and Iraq.
The main raw ingredients utilized to create low-dielectric materials are fluoropolymers, modified polyphenylene ether, polyimide, cyanate ester, liquid crystal polymer, and cyclic olefin copolymer. Due to the products' dependence on crude oil, geopolitical issues and price fluctuations are projected to restrain overall market expansion in the upcoming years.
COVID-19 Impact on Low Dielectric Materials Market Growth
Almost every industry, including electronics, semiconductors, manufacturing, and automobiles, was significantly impacted by COVID-19. Due to social distance regulations and supply chain disruptions, the market for low-dielectric materials has dropped. In most regions, the second and third quarters of the fiscal year 2020 saw the closure of low-dielectric material manufacturing plants.
The main end-users were also temporarily closed, considerably impacting the demand for low-dielectric materials. Additionally, the COVID-19 pandemic's impact on the supply chain has resulted in a substantial shortage of raw materials for the global semiconductor sector.
Low Dielectric Materials Market Segment and Shares Analysis
By material, the low dielectric materials market is segmented into fluoropolymers, modified polyphenylene ether, polyimide, cyanate ester, liquid crystal polymer, and cyclic olefin copolymer.
High utilization of fluoropolymers in PCB manufacturing
With the increased need for electronics like smartphones, TVs, and other appliances, the demand for wire and cables, PCBs, microelectronics, and antennas has increased tremendously in recent years. Due to their low cost, superior heat resistance, and low dielectric constants, fluoropolymers are good materials for making these components. Fluoropolymers like PTFE, ETFE, and others are anticipated to have the most significant market share because of their low price and superior moldability. A thermoplastic with characteristics resembling those of thermoset polymers is PTFE. Heat application causes it to alter the shape, albeit extremely slowly, making it appropriate for PCB manufacture.
Large-scale production of wires and cables using ETFE and other fluoropolymers has elevated the market to new heights. However, the development of liquid crystal polymers for microelectronics production is gaining momentum. The need for these polymers is anticipated to rise soon as electronics downsizing becomes a trend in the global business.
Low Dielectric Materials Market Geographical Analysis
The vast electronics sector in Asia-Pacific
Asia-Pacific is the top region for the market demand for low-dielectric materials because of the region's thriving electronics industry. Increased digitization, FDI investment, and urbanization drive the region's electronics industry's growth. China dominates the renewable energy generation sector with a rapidly expanding industry. The region comprises some of the biggest electronics producers in the world, including China, Taiwan, Japan, and South Korea. These nations offer low-dielectric material producers significant growth prospects for creating electrical solutions. Additionally, the region's need for these materials is anticipated to increase soon due to the deployment of 5G and other telecommunication activities.
Demand is also propelled by sizable electrical and electronics manufacturing companies, such as Toshiba, Samsung, and Sony. In crucial areas, including raw material extraction, manufacturing, and services, businesses in Northeast Asian nations like China, India, and Japan compete for market dominance. Additionally, favorable government initiatives in Asia-Pacific and rising investments in MEA are fueling market expansion.
Low Dielectric Materials Companies and Competitive Landscape
The top businesses have used various strategies, including product portfolio expansion, mergers, and acquisitions, partnerships, geographic expansion, and collaborations, to solidify their positions in the low-dielectric materials market.
Arkema created three new PRO14729, PRO14730, and PRO14731 ultra-low loss materials for RF applications in November 2021. These novel substances were created in response to the rising need for materials with extremely low dielectric constants and low dissipation factors for sophisticated electronic applications.
Topas Advanced Polymers established a partnership with Borealis, a top provider of polyolefin solutions, in September 2021 to create a new category of tailored materials for capacitor film applications. The new products are anticipated to reduce the difference between low-cost plastics and common polymers. The items will be created using the two firms' expertise in PP capacitors and cyclic olefin copolymer offers.
Major global low-dielectric materials market companies include Arxada, Huntsman Corporation, Arkema, SABIC, Asahi Kasei, Topas Advanced Polymers, Zeon Corporation, Chemours Company LLC, DIC Corporation, and Showa Denko.
Zeon Corporation
Overview: Zeon Corporation, established in 1950, is a market leader in specialty chemicals, polymers, and elastomers. One of the world's largest polymers producers, ZEON has a network of facilities across Asia, North America, and Europe, as well as research and development centers in Japan, the U.S., and the UK. The corporation has regional headquarters in U.S., Singapore, and Germany, with more than 3,300 employees worldwide.
Product Portfolio: When compared to conventional materials, ZEONEX Cyclo Olefin Polymer (COPlow-loss )'s low-dielectric constant characteristics can increase the effectiveness of LTE, GSM, and Wi-Fi antennas. ZEONEX Cyclo Olefin Polymer (COP) can be used in RF connection and other dielectric applications as a moldable, affordable substitute for fluoropolymers.
Key Development:
A novel type of cyclic olefin copolymer with stereoregular properties and previously unheard-of heat, chemical, and bending resistances was introduced by Zeon Corporation in February 2021. The new item is anticipated to meet the needs of regional producers of electronic components in Asia-Pacific.