Copper Foil Market is Expected to Grow at a CAGR of 7.9%, Reach a Value of US$ 10.3756 Billion from 2022

Farmington, Jan. 11, 2023 (GLOBE NEWSWIRE) -- The Global Copper Foil Market Size Was Valued At USD 5.703 Billion In 2022 And Is Expected To Reach USD 10.3756 Billion By 2030, At A CAGR Of 7.9% During The Forecast Period. Copper foil is a thin sheet of copper that is made by rolling a copper sheet or using the electrodeposition process. Copper is a good conductor of electricity and can be shaped in many different ways. This makes it possible to make very thin sheets of copper. It is used to make printed circuit boards (PCBs), which are used in computers and cell phones. In lithium-ion batteries, it can also be used as a base for coating the anode with materials.

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Copper Foil market size, estimates, and forecasts are given in terms of sales volume (K Units) and revenue (million USD), with data from 2017 to 2030, with 2022 as the base year. This report breaks down the Copper Foil market on a global scale. Regional market sizes are also given for each product type, each application, and each player. When we tried to figure out how big the market was, we thought about how COVID-19 and the war between Russia and Ukraine would affect it.

Copper Foil Market Recent Developments:

In July 2019, Dusan Corp. announced the construction of a new copper foil plant for battery applications in Hungary. The plant is expected to open in 2020, adding 50,000 tonnes of copper foil capacity, enough to supply batteries for 2.2 million electric vehicles.

In July 2021 – JX Nippon Mining & Metals Corporation established a new company named JX Metals Circular Solutions Europe GmbH to promote the recycling of used automotive lithium-ion battery materials projects and the development of battery materials projects. This expansion will further contribute to the development of the company.

Copper Foil Market Segmentation Analysis:

Electrodeposited Copper Foil and Rolled Copper Foil are the two distinct segments of the market. Due to improvements in metal-based manufacturing industries and technologies such as electronic vehicles, smartphones, printed circuit boards, and electromagnetic shielding of an electronic devices, the electrodeposited copper foil will dominate the worldwide Copper Foil Market during the forecast period.

The global market for copper foil has been divided into Automotive, Building and Construction, Industrial Equipment, Electrical & Electronics, and Others. Due to the increased need for internet connectivity and energy storage in many established and emerging nations around the world, the consumer electronics industry has considerable development opportunities in the worldwide Copper Foil Market over the forecast period.

Regional Outlook:

In 2019, over 72.0% of the volume came from the Asia-Pacific region, and this is likely to stay the case during the forecast period. The main thing that drives the market is the demand from China, South Korea, Japan, and India. The Chinese government's incentives are the main reason why the Asia-Pacific region is the leader in PCB manufacturing. Another reason is that China makes a lot of PCBs and pays its workers very little.

During the forecast period, North America is expected to grow by 9.4% in terms of volume. Electric cars are becoming more popular in the U.S. market, which is likely to boost demand for copper foil products in the area. Leading electric car makers like Tesla Inc. are also based in the United States, which is another thing that makes it unique. More than 75% of all-electric cars sold in 2019 were made by this company.

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Scope of Report:

Report Attributes

Details

Growth Rate

7.9% from 2023 to 2030

Market Size in 2022

USD 5.703 Billion

Revenue Forecast by 2030

USD 10.3756 Billion

By Types

Rolled Copper Foil, Electrolytic Copper Foil

By Applications

Digital PCR equipment, Consumables and reagents

By End-user

Electrical and Electronics, Automotive, Industrial Equipment, Building and Construction, Medical, Aerospace and Defence, Others

By Companies

UACJ Foil Corporation (Japan), RCI Industries and Technologies Ltd. (India), American Elements (U.S.), Mitsui Mining & Smelting Co., Ltd. (Japan), SKC (South Korea), Tex Technology Inc. (Japan), Shanghai Metal Corporation (China), Doosan Group (South Korea), Furukawa Electric Co., Ltd. (Japan), ILJIN Materials Co., Ltd. (South Korea), Hitachi Cable, JX Nippon Mining & Metal, Other Players.

Base Year

2022

Historical Year

2017 to 2021

Forecast Year

2023 to 2030

Market Drivers:

The demand for electronic items such as smartphones, laptops, electronic safety equipment, and navigation control systems is primarily driven by the exponential growth of the population and the increase in disposable income. Copper foil is utilized as a conductor in electronic equipment due to its superior thermal and electrical qualities. Copper enhances the ability of the circuit boards to transport heat and reduces the stress generated by uneven heating. With the rise of digitization, online education platforms, and the Internet of Things (IoT), it is anticipated that the demand for electronic products would increase throughout the forecast period, driving market expansion.

Market Restraints:

The most promising replacements for silicon, copper, and other conductive materials are graphene sheets. Graphene is an exceptionally flexible and resilient material with self-cooling and self-healing characteristics. Large graphene sheets can be folded to make shapes similar to origami, which can then be employed in flexible circuits. The most popular material for flexible display applications is graphene sheets. Multiple businesses have invested in the development of graphene-based conductive inks for printing circuits and conducting electricity. Utilizing graphene in computers could enable them to operate more efficiently while consuming less energy. Therefore, the development of graphene sheets will inhibit the market expansion of copper foil.

Copper Foil Market Key Segments Covered:

Top Market Players: UACJ Foil Corporation (Japan), RCI Industries and Technologies Ltd. (India), American Elements (U.S.), Mitsui Mining & Smelting Co., Ltd. (Japan), SKC (South Korea), Tex Technology Inc. (Japan), Shanghai Metal Corporation (China), Doosan Group (South Korea), Furukawa Electric Co., Ltd. (Japan), ILJIN Materials Co., Ltd. (South Korea), Hitachi Cable, JX Nippon Mining & Metal, Other Players.

Copper Foil Market by Types:

Rolled Copper Foil

Electrolytic Copper Foil

Copper Foil Market by Applications:

Printed Circuit Board

Lithium-ion Batteries

Electromagnetic Shielding

Other

Copper foil market by the end-user

Electrical and Electronics

Automotive

Industrial Equipment

Building and Construction

Medical

Aerospace and Defence

Others

Regions and Countries Covered

North America: (US, Canada, Mexico, Rest of North America)

Europe: (Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe)

Asia-Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific)

The Middle East & Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa)

Latin America: (Brazil, Argentina, Rest of Latin America)

Rest Of the World

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