Copper Foil Market is Projected to Reach US$ 8.7 Billion by 2028 | IMARC Group

IMARC Group's report titled "Copper Foil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The global copper foil market size reached US$ 5.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/copper-foil-market/requestsample

Factors Affecting the Growth of the Copper Foil Industry:

• Burgeoning Electronics Industry:

The rising demand for copper foil due to the burgeoning electronics industry is propelling the growth of the market. Copper foil serves as a valuable component in the production of printed circuit boards (PCBs). Apart from this, the growing demand for more intricate and high-performance PCBs on account of the rising utilization of smartphones, tablets, laptops, and other electronic devices among the masses is offering a positive market outlook. Moreover, there is an increase in the demand for thinner and more conductive copper foil due to rapid miniaturization in electronic devices.

• Increasing Focus on Renewable Energy Sources:

Copper foil plays a vital role in the manufacturing of photovoltaic (PV) cells used in solar panels. In addition, solar panels require high-quality copper foil to efficiently conduct and distribute electricity generated from sunlight. Apart from this, it is utilized in the production of wind turbines, contributing to the generation of clean energy from wind resources. Furthermore, the growing adoption of copper foil due to the rising focus on renewable energy sources is positively influencing the market. Renewable energy sources assist in reducing carbon emissions and maintaining environmental sustainability, which is impelling the market growth.

• Rising Adoption of Electric Vehicles (EVs):

The rising adoption of electric vehicles (EVs) among the masses across the globe is bolstering the market growth. Copper foil is a critical component within lithium-ion batteries and EVs rely on these batteries for energy storage. It facilitates efficient thermal and electrical conductivity, enabling the rapid charging and discharging of energy, which is offering a positive market outlook. In addition, governing agencies of various countries are promoting the adoption of EVs to reduce greenhouse gas (GHG) emissions and dependence on fossil fuels. They are also offering several subsidies and tax benefits on EV purchases, which is contributing to the market growth.

Leading Companies Operating in the Global Copper Foil Industry:

• Carl Schlenk AG
• Chang Chun Group
• Furukawa Electric Co. Ltd.
• ILJIN Materials Co. Ltd.
• JX Nippon Mining & Metals Corporation (ENEOS Holdings Inc.)
• LS Mtron Co. Ltd.
• Mitsui Mining & Smelting Co. Ltd.
• Nippon Denkai Ltd.
• Rogers Corporation
• SKC Co. Ltd.
• Sumitomo Metal Mining Co. Ltd.
• Targray Technology International Inc.
• UACJ Corporation

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=5022&flag=C

Global Copper Foil Market Report Segmentation:

By Product Type:

• Rolled Copper Foil
• Electrodeposited Copper Foil

Rolled copper foil represented the largest segment as it has enhanced flexibility and uniform thickness.

By Application:

• Printed Circuit Boards
• Batteries
• Electromagnetic Shielding
• Others

Printed circuit boards accounted for the largest market share due to the rising utilization of electronic devices among the masses.

By End Use Industry:

• Aerospace and Defense
• Automotive
• Building and Construction
• Electrical and Electronics
• Industrial Equipment
• Medical
• Others

Electrical and electronics hold the biggest market share as copper foil provides enhanced electrical conductivity.

Regional Insights:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific enjoys the leading position in the copper foil market on account of the increasing production of vehicles.

Global Copper Foil Market Trends:

The increasing utilization of copper foil in electronic medical devices, including diagnostic equipment, pacemakers, monitoring devices, and circuitry and electromagnetic shielding, is propelling the growth of the market. Copper foil offers enhanced thermal conductivity, which assists in providing seamless operations.

Copper foil is widely used in the aerospace and defense sectors for radar systems, communication equipment, and aerospace instrumentation. In line with this, the rising demand for high-quality copper foil for reliable electronic operations is contributing to the growth of the market.

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