5G has been deployed fast globally with an expected market of $720 bn by 2030. The most revolutionary aspect of 5G networks relies on the high frequency 5G technologies. mmWave 5G devices will use low-loss materials to reduce the transmission loss at both board and package level. This gives rise to the low-loss materials market, which will be over $110m by 2031, with CAGR of 28% from 2026 to 2031.