---
title: "Novoray: Advanced packaging rapid penetration drives demand for functional powder materials"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/243436559.md"
description: "Li Xiaodong, Chairman of Novoray, stated at the performance briefing that the rapid development of the advanced packaging market has driven the demand for functional powder materials. According to Yole data, the global advanced packaging market size is approximately USD 43.9 billion in 2023, a year-on-year increase of 19.62%, and is expected to reach USD 78.6 billion by 2028, with an average annual growth rate of 10.6%. This trend will promote the market demand for packaging materials such as EMC, LMC, and GMC, thereby driving the demand for functional powder materials such as spherical silica and spherical alumina"
datetime: "2025-06-06T09:20:12.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/243436559.md)
  - [en](https://longbridge.com/en/news/243436559.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/243436559.md)
---

# Novoray: Advanced packaging rapid penetration drives demand for functional powder materials

On June 6th, at the performance briefing, Li Xiaodong, Chairman and General Manager of Novoray, stated while analyzing the market prospects for spherical silicon that in recent years, demand driven by HPC, AI, high-speed communication, and other sectors is accelerating the development of high-performance packaging materials. According to Yole data, the global advanced packaging market size is approximately USD 43.9 billion in 2023, a year-on-year increase of 19.62%, and it is expected to reach USD 78.6 billion by 2028, with a CAGR of 10.6% from 2022 to 2028, far exceeding the 3.2% of traditional packaging. The rapid penetration of advanced packaging has driven market demand in the fields of EMC, LMC, GMC, Underfill, and other packaging materials, thereby boosting the market demand for inorganic non-metallic functional powder materials such as spherical silica and spherical alumina

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