Electrode Foil Market to hit US$ 18,490.99 million, Globally, by 2028 at 4.4% CAGR: The Insight Partners

According to the new research report published by The Insight Partners, titled "Electrode Foil Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, State, Material, Range, Application, and Geography," the market is projected to reach US$ 18,490.99 million by 2028 from US$ 13,671.21 million in 2021; it is expected to grow at a CAGR of 4.4% from 2021 to 2028.

Electrode foil finds significant applications in solid polymer capacitors, electrolytic capacitors, lithium-ion batteries, and printed circuit boards. An aluminum foil is utilized as a positive electrode for the cathode current collector, and a copper foil is utilized as a negative electrode for the anode current collector. An electrode foil finds wide applications across various domains such as manufacturing, construction, automotive, telecommunication, food & beverages, pharmaceuticals, consumer electronics, and many more. In the construction sector, electrode foil is utilized as a top layer for insulating materials like foam insulation panels, lamellar mats, and stone wool. Aluminum foil is utilized in the pharmaceutical sector for safe transportation and storing purposes. Aluminum is highly suitable for safe transportation and storing purposes as it provides complete insulation against gases, light, germs, and moisture.

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The electrode foil market is quite mature in developed nations and is growing substantially in many developing countries. Nowadays, there is a substantial rise in urbanization and industrialization across the globe. This factor has led to increased construction of complexes, houses, institutes, and industries. Thus, with rising urbanization and increasing disposable income, the demand for laptops, personal computers, TV sets, smartphones, game consoles, and tablets is growing remarkably worldwide. Such an increase in the demand is anticipated to drive the need for various electrode foils in near future.

In South and Central America, Brazil was the worst-hit country, followed by Chile, Ecuador, Peru, and Argentina, in 2020. To curb the spread of the novel coronavirus, various economic activities in the region were partially halted. The COVID-19 pandemic affected the sales of automobiles, consumer electronics products, and home appliances in the region. Lockdowns imposed in various cities had compelled manufacturing site operators to suspend their operations temporarily, which led to the discontinuation in the demand for electronic parts between Q2 and Q3 of 2020. As the demand and supply side was affected, the growth of the electrode foil market in this region was hampered. The long-term demand prospects are expected to show remarkable growth with increasing requirements for new edge technologies, such as machine learning, AI, deep learning, and 3D printing. These factors are anticipated to create favorable market growth in the next 3 to 4 years.

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Rising Use in Lithium-Ion Batteries to Propel Electrode Foil Market Growth in Coming Years

The need for lithium-ion batteries is growing notably in various parts of the world. A few of the typical applications of lithium-ion batteries include laptops, mobile, power backups, uninterruptable power supplies, consumer electronic goods, energy storage systems, and electric mobility. The requirement for electric vehicle lithium-ion batteries in China is predicted to account for around 700 GWh by 2030. Such a high requirement represents approximately half of the global requirement for electric vehicle lithium-ion batteries in 2030. Also, with the growing disposable income in many developing countries of Asia Pacific and the rising demand for tablets, personal computers, and consumer electronics products is expected to rise in coming years. Thus, the growing consumer electronics and automotive sector drives the demand for nickel, copper, and rolled copper alloy anode foils to manufacture lithium-ion batteries. Thus, the increasing requirement of uninterruptable power supplies in the manufacturing sector and growing investment in the lithium-ion batteries sector are anticipated to positively impact the global electrode foil market.

Electrode Foil Market: Aluminium Material Overview

Aluminum foil is thin aluminum leaves with thickness lower than 0.2 mm. Aluminum foils are used in numerous industry verticals, such as manufacturing, construction, food & beverages, pharmaceuticals, and consumer electronics. Around 75% of aluminum foil is utilized for packaging foods, chemical products, and cosmetics out of various domains. Approximately 25% of aluminum foil is used in industrial applications, such as electrical cables, thermal insulation, and other electronics. To maintain a constant thickness in aluminum foil production, beta radiation is passed to a sensor on the other side through the foil. Aluminum foils thicker than 25 μm are impermeable to water and oxygen. Aluminum foils are widely used for packaging, insulation, electromagnetic shielding, art and decoration, and geochemical sampling.

Electrode Foil Market: Competitive Landscape and Key Developments

Nippon Chemi-Con Corporation; Industrie De Nora S.p.A.; TDK Corporation; Targray Technology International Inc.; KDK Corporation; NICHICON CORPORATION; JAPAN CAPACITOR INDUSTRIAL CO., LTD.; SATMA PPC; and TBEA Co., Ltd. are among the key players profiled during this market study. In addition, several other essential market players were studied and analyzed to get a holistic view of the global power electrode foil market and its ecosystem.

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In 2021, for low voltage, KDK Corporation introduced U199 etched and formed foils, U191 etched and formed foils, and LM108EF2 etched and formed foils.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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