Since the reform and opening up, Chinese in labor resources, market, investment and other preferential policies to attract large-scale transfer of manufacturing industry in Europe and America, and a large number of electronic products manufacturers to set up factories in China, and thus led to the related industries including PCB development.
Developments in the global PCB Market
As an indispensable component of electronic products, PCB has a steady demand and will continue to grow with the development of technology. The PCB industry has become a global industry with an annual output value of more than $50 billion.
The industry research institute "Chinese 2016-2021 printed circuit board industry analysis and investment consulting report" shows that the output value of the global PCB market in 2016 reached $54 billion 200 million, compared with 2015 output declined, the future in the global electronic information industry sustainable development driven by the global PCB market in 2017 is expected to reach US $55 billion 300 million by 2016 54 billion 200 million. The dollar rose to $60 billion 400 million in 2021, the annual compound growth rate of about 2.2%.
Output distribution
The proportion of the distribution of global PCB output distribution in 2015, China PCB output of the world's total output value accounted for 46.6%, ranked first, become the world's largest PCB production base, Taiwan China and South Korea respectively accounted for 13.6% and 12.8% at second and third. With the transfer of PCB industry center to Asia, the mainland, China, Taiwan and Japan have become the main production centers of the global PCB, and the new industries with Asia as the center have been formed at all levels.
In 2016 global different countries / regions, the development of PCB, PCB, China annual output value reached 27 billion 120 million U.S. dollars, while Japan, North America and Europe were $5 billion 250 million, $2 billion 750 million and $1 billion 910 million, with the gradual transfer of PCB industry center, China mainland will maintain a steady growth in 2021 is expected to China, PCB industry annual output value will reach 320.4 yuan, a compound annual growth rate is expected to be 3.4%; and the PCB industry in Japan, North America and Europe will face the industry downturn, the compound annual growth rate were -2.5%, 0.2% and -1.9%.
Global PCB product market structure
In 2016, the global product process, more than 4 layers of plywood market capacity is about $21 billion 60 million, accounted for the entire PCB market capacity of 38.9%, of which the soft plate topped the list, accounting for 20.1%, HDI board to accounting for 14.2% ranked second, IC board accounted for 12.1% ranked third.
With the rapid development of downstream of electronic information technology, the market for high density and high technology, multi PCB product demand will become more prominent, the product multilayer board, HDI board, flexible plate technology difficult to maintain sustained growth, is expected to 2016-2021 years, average growth rate of 6, 8-16, 18 layers of laminated plates and above PCB compound annual growth rate of more than ten times, respectively, 2.4%, 2.6%, 2.9%, HDI plate, the flexible plate compound annual growth rate of 2.8% and 3% respectively.
Development status of PCB industry in China
Output scale
China due to huge domestic market, Chinese huge domestic market, low labor costs and improve the industrial facilities and other advantages, attracting global PCB production capacity from the beginning of 2000 continued to China transfer, make PCB industry in 2006, China surpassed Japan to become the world's largest producer of.
In 2015, the domestic PCB output value reached 26 billion 700 million U.S. dollars, with the increase of China PCB output accounted for the proportion of the world's Chinese mainland PCB industry into the stable growth stage, is expected in 2017 China PCB industry output will reach $28 billion 100 million, Chinese PCB industry output value will increase from $27 billion 100 million in 2016 to $32 billion 100 million in 2021, a CAGR of 3.4%.
Output distribution
In recent years, due to labor costs in coastal areas, environmental protection requirements continue to increase and other factors, the PCB industry is gradually from the Yangtze River Delta, Pearl River Delta and other developed areas to the mainland provinces of Electronic Science and technology industry better transfer, especially in Hunan, Hubei, Jiangxi, Chongqing and other Economic Industrial Zone, PCB capacity is the momentum of rapid development in central and western regions growth.
Domestic PCB product mix
Data show that in 2016, domestic hard board, composite board market accounted for 13%, 3.7%, 4, 6 and 8 layers to 16 layers of the laminate market accounted for 19.1%, 13.5% and 10.4%, IC board, level 18 and above top plate sales accounted for a relatively small, only 2.7% and 1.2% respectively. The market share of HDI and flexible plates was 16.5% and 17.1% respectively. With the Chinese PCB industry technology continues to improve, the product structure is gradually optimized, the traditional products of single / double sided and multilayer sale ratio is gradually reduced, high technology content and added value of the HDI plate, a package substrate, the flexible plate and other product sales accounted for continuous improvement.
Import and export situation
In recent years, the export of domestic PCB products has maintained steady growth, while the import amount has declined slightly. Since 2014, the import and export of domestic PCB products began to show a favorable balance of trade. From the analysis of the product structure of import and export, import in PCB, high-end PCB products accounted for a larger proportion, mainly senior board, HDI board, flexible plate; in the PCB export, has a cost advantage in the low-end PCB accounted for a large proportion. Along with the domestic PCB enterprise competition strength unceasing enhancement, the domestic PCB export product structure, the high-end product proportion will increase unceasingly.
Developing trend
In recent years, the growth rate of the PCB industry Chinese steady, domestic PCB industry growth rate is still higher than the global average, along with the development of Chinese PCB industry matures, the industry growth rate tends to be stable, will face a slowdown in the background, at the same time, supervision of environmental protection departments and environmental protection industries continue to shut down, the deadline shall be ordered to take. Rectification and other means of punishment for the environmental standards of the enterprise. Faced with the development of the industry slowdown and increase supervision of the problem, the competition between enterprises is increasing, the enterprises are in pursuit of innovation and development, the current domestic PCB industry is undergoing structural changes, market share in favor of PCB outstanding production enterprises, industry concentration is expected to further improve.
Source: cbiw, China Investment Consulting Co.
