Copper Foil Market Size, Share & Trends 2030

 Copper Foil Market

With a compound annual growth rate (CAGR) of around 7.01% between 2023 and 2030, the global copper foil market estimated to be valued around USD 5.31 billion in 2022, is expected to reach roughly USD 9.17 billion by 2030. The drivers, obstacles, and challenges of the worldwide copper foil market are examined in this study along with their impact on demand throughout the forecast period. The research also examines recently developed prospects in the copper foil sector.

Global Copper Foil Market: Overview

Copper is frequently available in its pure metallic condition and can be easily fashioned into long wires or thin foils. A thin sheet of copper made by rolling and hammering copper metal is called copper foil. Copper foil has a great mechanical strength, which makes it extremely durable. A useful and underutilized resource is copper foil. This metal has good electrical and thermal conductivity and is malleable and ductile. Its special properties make it useful for anything from energy to crafts.

Copper Foil Market

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Global Copper Foil Market: Growth Factors

The growing use of electronic devices such as laptops, tablets, and mobile phones is a major driver driving the growth of the global copper foil market. Thanks to ongoing advancements and the introduction of cutting-edge technology like AI processors, developers have been able to integrate augmented reality (AR) experiences into everyday products like wearable devices, smartphones, and smart TVs. Consumer electronics are now an indisputable aspect of daily living in the fast-paced, constantly-evolving world of today. As a result, the global consumer electronics market is growing quickly and experiencing frequent ups and downs in a number of trends. In addition, a significant factor in the market’s expansion is the increasing use of electric vehicles.

Since they are crucial to data transmission and provide the necessary electrical power for cars to function, copper foils are being used in vehicles more and more. Electric cars are getting more and more common in both developed and developing nations due to their inexpensive cost and excellent fuel efficiency. In addition, a number of governments are implementing laws that promote the use of electric vehicles as a means of mitigating greenhouse gas emissions. Additionally, future growth prospects for the global copper foil market are expected to come from the use of copper foils in transformers and grid-scale energy storage. The development of single-crystalline graphene sheet as a substitute for copper foil, however, is probably going to impede the growth of the worldwide copper foil market.

Global Copper Foil Market: Segmentation

The product type, application, and geographic divisions of the worldwide copper foil market are taken into account. The rolled and electrodeposited segments of the global copper foil market are divided based on product type. The market’s application sector is divided into categories such as electromagnetic shielding batteries, printed circuit boards, and others.

Global Copper Foil Market: Regional Analysis

It is anticipated that Asia Pacific will continue to occupy the top spot in the global copper foil market throughout the forecast period. The dominance of the region might be primarily attributed to the existence of significant producers of electrical devices. Owing to its prominence as a printed circuit board (PCB) manufacturing hub, China is the primary nation driving the expansion of the regional market. Moreover, it is anticipated that the entry of Tesla, Inc. into India will increase local demand for these foils. Furthermore, North American product demand will be boosted by the growing production of electric vehicles in the US. The US and Canadian governments’ initiatives, along with those of the automakers, will lead to an increase in the market.

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Global Copper Foil Market: Competitive Players

Key players holding major shares in the global copper foil market includes:

  • JX Nippon
  • Targray Technology International Inc.
  • K. L. Laminates d.o.o.
  • Furukawa Electric Co. Ltd.
  • China-Kinwa High Technology Co. Ltd.
  • Chinalco Shanghai Copper Co. Ltd.
  • Kingboard Copper Foil Holdings Limited
  • Chang Chun Petrochemical Co. Ltd.
  • Hubei Creatwell Co. Ltd.
  • Oak-Mitsui

 

Rogers Corporation and Farasis launched a joint venture in July 2021 to pool their technology and resources to help in product research and development. A Rogers-Farasis material application collaborative laboratory will be built in Suzhou, according to the contract, to research new material solutions that will improve the performance, safety, and longevity of battery packs.

Global Copper Foil Market: Segment Analysis

By Product

  • Rolled
  • Electrodeposited

 

By Application

  • Printed Circuit Boards
  • Electromagnetic Shielding Batteries
  • Others

 

By Region

  • North AmericaThe U.S.Canada
  • EuropeFrance The UKSpainGermanyItalyRest of Europe
  • Asia PacificChinaJapanIndiaSouth KoreaSoutheast AsiaRest of Asia Pacific
  • Latin AmericaBrazilMexicoRest of Latin America
  • Middle East & AfricaGCCSouth AfricaRest of Middle East & Africa

 

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

 

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