Zheng Quan Shi Bao Wang·2026-01-25 13:29Core Insights - The copper-clad laminate (CCL) industry is entering a new phase of prosperity, with some companies not taking holidays during the Spring Festival due to strong demand [1] - The growth in demand for AI servers, automotive electronics, and optical communication is driving a recovery in the CCL sector, with optimism for 2026 [2] - The global PCB market is projected to reach $88 billion in 2024, with a compound annual growth rate (CAGR) of approximately 5.2% expected until 2029 [3] Industry Trends - The CCL market is experiencing a revival, with companies reporting positive forecasts for 2025, including significant profit increases for major players like Jin'an Guoji and Huazheng New Materials [3][4] - Major CCL companies are expanding production capacity, with significant investments announced, such as a $6.5 billion project by Shengyi Technology [4] - The trend towards high-performance CCLs is being driven by the increasing demand for advanced applications in AI infrastructure and automotive electronics [2][3] Material Substitution - The domestic substitution of core materials in the CCL industry is accelerating, with local manufacturers improving their product performance to compete with foreign counterparts [5] - The demand for halogen-free flame retardants is rising due to safety and environmental concerns, leading to increased use of domestic products in CCLs [6][7] - Companies like Wansheng Co. are positioning themselves to benefit from the growth in the CCL market by diversifying their product offerings in high-end materials [6][7]