Report : Asia Pacific Redistribution Layer Material Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material Type [Polyimide (PI), Polybenzoxazole (PBO), Benzocylobutene (BCB), and Others] and Application [Fan-Out Wafer Level Packaging (FOWLP) and 2.5D/3D IC Packaging]

Polyimide Segment to Dominate Asia Pacific Redistribution Layer Material Market during 2017–2028

 

According to a new market research study on “Asia Pacific Redistribution Layer Material Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Material Type and Application,” is expected to reach US$ 250.70 million by 2028 from US$ 132.21 million in 2021. The market is estimated to grow at a CAGR of 9.6% from 2021 to 2028. Advancements in packaging technology is the major factor driving the growth of the Asia Pacific redistribution layer material market. However, higher costs incurred, and operation & maintenance (O&M) complexities may hinder the growth of Asia Pacific redistribution layer material market. The report provides trends prevailing in the Asia Pacific redistribution layer material market along with the drivers and restraints pertaining to the market growth.

 

Asia Pacific is one of the crucial regions for the growth of the redistribution layer material market due to the presence of key countries, huge industrial presence, and favorable government policies to boost industrial growth. The high urbanization in developing countries of Asia Pacific and increase in investments in industrial manufacturing are also projected to offer lucrative growth opportunities to the market players in the coming years. However, the COVID-19 pandemic led to disruptions in the growth of various industry sectors in Asia Pacific. The lockdown or reduced capacity of various plants/factories in major countries is restricting the global supply and demand balance, which is negatively impacting manufacturing, delivery schedules, and various products demands in the region. In 2020, industrial activities, new projects, research & development investments, and delivery schedules have seen a decline due to raw material and labor shortage caused by various governments restrictions in Asia Pacific countries. Most RDL companies have their manufacturing plants in China, Taiwan, South Korea, and Japan Thus, the negative impact of the outbreak on mentioned countries economy has directly impacted the revenues of these companies. All these factors have impacted the growth of the redistribution layer material market in Asia Pacific in a negative manner.

 

The redistribution layer material market is segmented into material type, application, and country. Based on material type, the redistribution layer material market is segmented into Polyimide, Polybenzoxazole, Benzocyclobutene, and others. In 2020, the polyimide segment held the largest share Asia Pacific redistribution layer material market.  Further based on others type the redistribution layer material market is divided into Aluminum, Photosensitive dielectrics, and Phenols & others. In 2020, the phenols & others segment held the largest share Asia Pacific redistribution layer material market. Based on application, the market is segmented into Fan-Out Wafer Level Packaging (FOWLP) and 2.5D/3D IC Packaging. In 2020, the 2.5D/3D IC Packaging segment held the largest share Asia Pacific redistribution layer material market. Based on country, the redistribution layer material market is segmented into South Korea, China, Taiwan, Japan, and rest of APAC. In 2020, Taiwan held the largest share Asia Pacific redistribution layer material market.

 

Amkor Technology; ASE Group; Fujifilm Corporation; Hitachi Chemical DuPont MicroSystems L.L.C.; INFINEON TECHNOLOGIES A; Jiangsu Changjiang Electronics Technology Co., Ltd.; NXP Semiconductors; Samsung Electronics Co., Ltd.; Shin-Etsu Chemical Co., Ltd.; and SK Hynix Inc. are among the leading companies in the Asia Pacific redistribution layer material market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2017, Shin-Etsu Chemical to expand its production capacity of optical fiber preform both in Japan and internationally, by investing a total of ¥18 billion.

 
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