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Copper Foil Market 2024-2033 Share Analysis, Drivers, Restraints, Opportunities And Forecast
Copper Foil Market
The Business Research Company presents an extensive market research report on the "Copper Foil Global Market Report 2024," furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Copper Foil industry. This report on Copper Foil market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The copper foil market size has grown rapidly in recent years. It will grow from $11.75 billion in 2023 to $13.08 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to electronics industry growth, miniaturization of electronic devices, lithium-ion battery demand, PCB manufacturing, and renewable energy expansion.The copper foil market size is expected to see rapid growth in the next few years. It will grow to $19.72 billion in 2028 at a compound annual growth rate (CAGR) of 10.8%.
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Key Market Players:
LS Mtron Co. Ltd., Chang Chun Group, Furukawa Electric Co. Ltd., ILJIN Materials Co. Ltd., JX Nippon Mining & Metals Corporation
Market Drivers:
According to the Copper Foil Market Report 2024 by The Business Research Company, Increasing demand for electric vehicles is expected to propel the growth of the copper foil market going forward. Electric vehicles refer to vehicles that work on electricity stored in their batteries. Copper foil is used in the production of electric batteries, electric motors, and electric car wiring to provide an electric current to vehicles. For instance, in 2021, according to the Society of Manufacturers of Electric Vehicles (SMEV), an India-based electric vehicle association, there is a growth of 132% in the sales of electric two-wheelers in India. In addition, electric vehicle unit sales of two-wheelers reached 10.7 lakh units in 2020, which has increased to 2.33 lakh units in 2021. Therefore, the rise in demand for electric vehicles is driving the demand for the copper foil market growth.
More information about the Global Copper Foil Market Report -
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Market segments for Copper Foil include:
1) By Product Type: Rolled Copper Foil, Electrodeposited Copper Foil
2) By Grade: Electrolytic Tough Pitch Copper (ETP), Deoxidized High Phosphorus Copper (DHP)
3) By Application: Printed Circuit Boards, Batteries, Electromagnetic Shielding, Other Applications
4) By End-User: Electrical and Electronics, Automotive, Industrial Equipment, Building and Construction, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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