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Copper Foil Global Market Report 2024 by The Business Research Company | LS Mtron Co. Ltd., Chang Chun Group, Furukawa Electric Co. Ltd., ILJIN Materials Co. Ltd., JX Nippon Mining & Metals Corporation, Carl Schlenk AG, Mitsui Mining & Smelting Co. Ltd.,
Copper Foil Market Trends
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%. The growth in the forecast period can be attributed to urbanization and infrastructure, aerospace and defense needs, automotive electrification, environmental regulations, and emerging market expansion. Major trends in the forecast period include introduction of green energy solutions, 5g network deployment, technological innovations, innovative flexible electronics and displays, and strategic partnerships.
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Copper Foil Market Major Segments
The copper foil market covered in this report is segmented -
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
Key Driver - Surging Electric Vehicle Sales Boosted Copper Foil Market
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 the 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.
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Prominent Trend - Innovations Drive Copper Foil Market Growth
Product innovations have emerged as a key trend gaining popularity in the copper foil market. Major companies operating in the copper foil sector are focused on introducing new products to sustain their position in the market. For instance, in January 2021, Infinite Flex, a Germany-based company that develops and manufactures copper foils and copper powder, launched Infinite Powder Cu 01, a pure copper powder that is manufactured by using bound metal filament extrusion technology. This helps in the manufacture of highly conductive copper components with the unique standard SLM systems.
Copper Foil Market Players
Major companies operating in the copper foil market include LS Mtron Co. Ltd., Chang Chun Group, Furukawa Electric Co. Ltd., ILJIN Materials Co. Ltd., JX Nippon Mining & Metals Corporation, Carl Schlenk AG, Mitsui Mining & Smelting Co. Ltd., Nippon Denkai Ltd., UACJ Corporation, Rogers Corporation, Sumitomo Metal Mining Co. Ltd., Circuit Foil SA, Shandong Jinbao Electronics Co. Ltd., Wieland Metals India Pvt. Ltd., Nan Ya Plastics Corporation., Doosan Corporation, Eneos Holdings Inc., SKC Inc., NUODE New Materials Co. Ltd., Lingbao Wason Copper Foil Co. Ltd., Guangdong Jia Yuan Technology Shares Co. Ltd., Jiujiang Defu Technology Co. Ltd., Jiangxi Copper Corporation, Fujian Clear View Copper Foils Co. Ltd., Kingboard Copper Foil Holdings Limited, Targray Technology International Inc., ANSIO Ltd., Solus Advanced Materials, SH Copper Products Co. Ltd., United Copper Foil (Huizhou) Co. Ltd., Civen Metal Material Co. Ltd.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the copper foil market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the copper foil market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Copper Foil Market Report Structure
3. Copper Foil Market Trends And Strategies
4. Copper Foil Market - Macro Economic Scenario
5. Copper Foil Market Size And Growth
…..
27. Copper Foil Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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