The Electrodeposited Copper Foils Market To Slip Into The Innovation-Oriented Ellipse At A CAGR Of 9.6% From 2021-2031

Rising demand for application in printed circuit boards (PCB) and lithium ion batteries is boosting the growth of electrodeposited copper foils market. A new market research study suggests that global electrodeposited copper foils market will reach a value of ~US$ 20 Bn by the end of 2029. Emerging applications of electrodeposited copper foils in grid-level energy storage systems are expected to provide lucrative opportunities for several players operating in the global electrodeposited copper foils market.

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The chemicals and materials vertical is slated to witness emphasis shifting towards new-fangled value streams as well as applications driving it. One amongst them would be feedstock volatility, which is bound to influence the export competitiveness throughout. Plus, decarbonisation is making inroads, wherein renewable and recycled feedstock-based polymers are inevitable with regards to product offerings.

Digital sales and remote sales channels are already there to join the bandwagon. The “go green” initiative is bound to go a long way, as things like global warming would never be taken casually again. Persistence Market Research has its team of knowledge and research experts in the form of consultants and analysts to cater to the needs of the key stakeholders.

Key Takeaways - Electrodeposited Copper Foils Market Study
• Due to lack of local production capacity, the market in Latin America and MEA remains majorly driven by imports.
• Increasing demand for lithium ion batteries for usage in electric and hybrid vehicles will result in the growth of the worldwide electrodeposited copper foils market.
• The development of nanomaterials such as graphene as viable substitutes for copper foils could pose a threat to the growth of the electrodeposited copper foils market.
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This release was published on openPR.