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5G Substrate Materials Market - A Global and Regional Analysis

Focus on Product, Application and Country-Wise Analysis - Analysis and Forecast, 2021-2031

 
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Factors driving the growth of the 5G substrate materials market are development of high-performance advanced materials enabling the roll out of 5G technology, countries rapidly investing in deployment of 5G network across the globe, and growth of internet users and edge computing devices.

The global 5G substrate materials market is expected to reach $1,624.3 million by 2031, with a CAGR of 24.1% during the forecast period 2021-2031.

The potential opportunities that are likely to boost the growth of the 5G substrate materials market are countries at a nascent stage of 5G roll out expected to introduce growth opportunities for material manufacturers and companies ramping up their manufacturing units will create opportunities for stakeholders in the market.

The main challenges restricting the growth of the market are high cost of 5G substrate materials impacting the growth of the market, delays in spectrum allocation and deployment expected to impact the demand for 5G substrate materials, various technical challenges faced by the manufacturing companies, and slower transition from older communication generation to 5G technology.

The top market players are Asahi Glass Company (AGC) Inc., Daikin Industries, DuPont de Nemours Inc, Showa Denko Materials Co. Ltd., ITEQ Corporation, Kaneka Corporation, Kuraray Co. Ltd., Panasonic Corporation, Avient Corporation, Rogers Corporation, Sumitomo Chemical Co. Ltd., The Chemours Company, Toray Industries Inc., Taiwan Union Technology Corporation, Ventec International Group

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