Overview and Scope
Copper foil refers to the base copper thickness that is applied to the outer and inner layers of metal sheets, which helps to increase their thickness. These also act as electric conductors in electrical devices. It is used to provide better conductivity, plasticity, corrosion, and ductility for metal sheets and is used for riveting and cutting tools in various industries.
Sizing and Forecast
The copper foil market size has grown rapidly in recent years. It will grow from $11.75 billion in 2023 to $13.08 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to electronics industry growth, miniaturization of electronic devices, lithium-ion battery demand, pcb manufacturing, and renewable energy expansion.
The copper foil market size is expected to see rapid growth in the next few years. It will grow to $19.72 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%. The growth in the forecast period can be attributed to urbanization and infrastructure, aerospace and defense needs, automotive electrification, environmental regulations, and emerging market expansion. Major trends in the forecast period include introduction of green energy solutions, 5g network deployment, technological innovations, innovative flexible electronics and displays, and strategic partnerships.
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Segmentation & Regional Insights
The copper foil market covered in this report is segmented –
1) By Product Type: Rolled Copper Foil, Electrodeposited Copper Foil
2) By Grade: Electrolytic Tough Pitch Copper (ETP), Deoxidized High Phosphorus Copper (DHP)
3) By Application: Printed Circuit Boards, Batteries, Electromagnetic Shielding, Other Applications
4) By End-User: Electrical and Electronics, Automotive, Industrial Equipment, Building and Construction, Other End-Users
North America was the largest region in the copper foil market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the copper foil market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Increasing demand for electric vehicles is expected to propel the growth of the copper foil market going forward. Electric vehicles refer to vehicles that work on electricity stored in their batteries. Copper foil is used in the production of electric batteries, electric motors, and electric car wiring to provide an electric current to the vehicles. For instance, in 2021, according to the Society of Manufacturers of Electric Vehicles (SMEV), an India-based electric vehicle association, there is a growth of 132% in the sales of electric two-wheelers in India. In addition, electric vehicle unit sales of two-wheelers reached 10.7 lakh units in 2020, which has increased to 2.33 lakh units in 2021. Therefore, the rise in demand for electric vehicles is driving the demand for the copper foil market growth.
Key Industry Players
Major companies operating in the copper foil market include LS Mtron Co. Ltd., Chang Chun Group, Furukawa Electric Co. Ltd., ILJIN Materials Co. Ltd., JX Nippon Mining & Metals Corporation, Carl Schlenk AG, Mitsui Mining & Smelting Co. Ltd., Nippon Denkai Ltd., UACJ Corporation, Rogers Corporation, Sumitomo Metal Mining Co. Ltd., Circuit Foil SA, Shandong Jinbao Electronics Co. Ltd., Wieland Metals India Pvt. Ltd., Nan Ya Plastics Corporation., Doosan Corporation, Eneos Holdings Inc., SKC Inc., NUODE New Materials Co. Ltd., Lingbao Wason Copper Foil Co. Ltd., Guangdong Jia Yuan Technology Shares Co. Ltd., Jiujiang Defu Technology Co. Ltd., Jiangxi Copper Corporation, Fujian Clear View Copper Foils Co. Ltd., Kingboard Copper Foil Holdings Limited, Targray Technology International Inc., ANSIO Ltd., Solus Advanced Materials, SH Copper Products Co. Ltd., United Copper Foil (Huizhou) Co. Ltd., Civen Metal Material Co. Ltd.
The copper foil market report table of contents includes:
1. Executive Summary
2. Copper Foil Market Characteristics
3. Copper Foil Market Trends And Strategies
4. Copper Foil Market – Macro Economic Scenario
5. Global Copper Foil Market Size and Growth
……
31. Global Copper Foil Market Competitive Benchmarking
32. Global Copper Foil Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Copper Foil Market
34. Copper Foil Market Future Outlook and Potential Analysis
35. Appendix
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