The Copper Foil Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Copper Foil Global Market Report 2024, 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.
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.
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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
Product innovations have emerged as a key trend gaining popularity in the copper foil market. Major companies operating in the copper foil sector are focused on introducing new products to sustain their position in the market. For instance, in January 2021, Infinite Flex, a Germany-based company that develops and manufactures copper foils and copper powder, launched Infinite Powder Cu 01, a pure copper powder that is manufactured by using bound metal filament extrusion technology. This helps in the manufacture of highly conductive copper components with the unique standard SLM systems.
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
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26. South America Copper Foil Market
27. Brazil Copper Foil Market
28. Middle East Copper Foil Market
29. Africa Copper Foil Market
30. Copper Foil Market Competitive Landscape And Company Profiles
Top Major Players:
- LS Mtron Co. Ltd
- Chang Chun Group
- Furukawa Electric Co. Ltd
- ILJIN Materials Co. Ltd
- JX Nippon Mining & Metals Corporation
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