Press release
The Electrodeposited Copper Foils Market to dispense itself at a CAGR of 9.60% amidst innovations from 2021 to 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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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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