Copper Foil Market size is estimated to cross US$ 16.33 Bn by 2032

Demand for copper foils is associated with growth of consumer electronics industry, which joined the trillion-dollar club in 2019. Consumer electronics have become an indisputable part of daily lives amid the fast-paced and ever-evolving world. Consequently, the global market for consumer electronics is equally fast-growing and is witnessing start and end of several trends regularly.

Copper foils are irreplaceable basic material in modern consumer electronics industry. As such, these trends are likely to work in favor of copper foil market over decade ahead.
Recent studies on electromobility (e-mobility) reveal that copper is poised to play instrumental role in three key domains - charging infrastructure, energy storage, and production of electric vehicles (EV).

Electrification is considered as the most feasible way to achieve efficient and clean transportation that is critical to sustainable development worldwide. In the near future, EVs including, plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and pure battery electric vehicles (BEVs) are expected to lead the clean vehicle industry in coming years.

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EVs contains copper nearly four times compared to that in fossil-fueled models, majorly utilized in lithium-ion batteries (LIB), rotors, and wiring. In addition, the International Energy Agency (IEA) estimates that LIBs are slated to predominate the EV market over following decade.

As such trends sweep across the business landscape, manufacturers of copper foils are moving aggressively and creating comprehensive strategies to maximize their odds of capturing value at stake.

"Batteries hold immense potential to significantly decarbonize transport and power systems. Deployment of EVs is seeing greater pace in several countries, especially in the US, China, and European countries. Recent data suggest that worldwide sales of EVs is expected to touch 6.2 million units by 2024 - nearly thrice greater than the volume sales in 2019," says analyst at FMI.

Copper Foil Sales Stay Afloat as EV Industry Defies COVID-19 Threat

From European manufacturers - BMW and Renault - to their Asian counterparts -Toyota and Hyundai - as well as US companies including, General Motors, have registered and are anticipating staggering sales and interest in EVs and relevant 'new energy' automobiles amidst the COVID-19 crisis.

In addition, FMI finds that about 2/3 of vehicles worldwide are poised to be electric by 2040. EVs are weathering the COVID19 storm better versus conventional internal combustion (IC) engine vehicles. Consequently, LIB demand stands to benefit, and copper foils - as key component part of these batteries - will remain high in demand in coming years.

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Copper Foil Market - Competitive Intelligence

The global copper foil is fairly competitive, with presence of several regional and international players striving to achieve economies of scale. As the market is set for supply headwinds due to notable rise on-road EVs in coming years, market players are honing in on capacity expansions and strategic acquisitions and investments.

- KCF Technologies (KCFT) has started off large-scale production of 4-micrometer (μm) copper foils for EV batteries.

- SK Holdings Co. is looking to allocate additional investments in Lingbao Wason Copper Foil Co. - leading Chinese copper foil manufacturer - in order to ensure security in primary materials required for rechargeable batteries.

- In addition, the company has acquired 100% shares of KCF Technologies Co., which is the global leading producer of copper foil for LIBs, in a bid to diversify its product portfolio.

Table of Content

1. Executive Summary

2. Market Overview

3. Key Market Trends

4. Key Success Factors

5. Global Copper Foils Market Demand Analysis 2015-2019 and Forecast, 2020-2030

6. Global Copper Foils Market - Pricing Analysis

7. Global Copper Foils Market Demand (in Value or Size in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030

To be continued…!

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About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.