Press release
Electrodeposited Copper Foils Market Demand, Analysis & Growth Forecast from 2019-2029
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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