Market Analysis
The global copper foil market is predicted to touch USD 17,321.8 million at a 10.31% CAGR over the forecast period (2023-2030), as per the latest Market Research Future (MRFR) report. A copper foil, simply put, is a sheet of copper that is obtained through electrolysis, rolling, and hammering. It comes in various units of thickness resting on its application. Copper foils have a wide range of applications including cable industry, transformers, switchgear industry, radiators, heat exchangers, printed circuit board, among other applications.
Various factors are propelling the Copper Foil Market. These factors, as stated by the MRFR report, include growing demand for electronic gadgets and electronics, increasing demand for electric vehicles, rapid development in the electronic and electrical industry, a surge in automotive products, and increase in hybrid vehicles. Additional factors pushing market growth include rapid urbanization and industrialization, increased consumer spending, increase in disposable income, and increasing consumption in the power generation industry. Moreover, owing to the excellent mechanical and physical properties that copper foils possess such as corrosion resistance, high electroconductivity, tensile strength, and elongation it is widely used in various applications in the electronics and electrical industry including building wiring, cable wrapping, printed wiring boards (PWB), and PCB. This is also contributing to the market growth.
On the contrary, the availability of copper foil substitutes in the market may impede the copper foil market growth over the forecast period.
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Regional Analysis
Based on the region, the Copper Foil Market report covers the latest trends and growth opportunities across Europe, North America, Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, APAC will command the market over the forecast period. It is predicted to touch USD 9,648.7 million by the end of 2027. Factors contributing to the growth of the market include growing demand for electronic goods, rapid urbanization, shift to domestic production of electronic goods in India, Indonesia, and China, the focus of manufacturers in expediting the production process by manufacturing thin coils, and miniaturization of components.
The copper foil market in Europe is predicted to have the second-largest share in the market over the forecast period. This is owing to the growth and expansion of the automotive industry in the region.
The copper foil market in North America is predicted to have significant growth over the forecast period. This is due to the presence of a good number of producers in the region and the growth of the end-use industries.
The copper foil market in Latin America is predicted to have a notable growth over the forecast period. This is due to the burgeoning demand for electric cars and rapid industrialization.
Market Segmentation
The Market Research Future report provides a wide segmental analysis of the Copper Foil Market Segmental Analysis based on application and type.
Based on type, the copper foil market is segmented into rolled copper foil and electrodeposited copper foil. Of these, the electrodeposited copper foil segment is predicted to have the largest share in the market over the forecast period. This is owing to its growing demand in rigid circuits and printed circuit boards. The electrodeposited copper foil segment is estimated to touch USD 11,158 million by 2023.
Based on application, the copper foil market is segmented into building and construction, industrial equipment, automotive, electrical and electronics, and others. Of these, the electrical and electronics segment is predicted to dominate the market over the forecast period. This is owing to the growing demand for lithium-ion batteries and PCBs in various consumer electronic goods.
Key Players
Leading players profiled in the copper foil market report include Circuit Foil Luxembourg (Luxembourg), Rogers Corporation (US), Arcotech Ltd. (India), Mitsui Mining & Smelting Co., Ltd. (Japan), Lamineries Matthey (Switzerland), Civen Metal Material Co., Ltd. (China), Amari Copper Alloy Ltd. (UK), JX Nippon Mining & Metals Corporation (Japan), Global Brass and Copper Holdings Ltd. (US), Krishna Copper Private Limited (India), and Carl Schlenk AG (Germany).
July 2019: Doosan Group, a leading South Korean conglomerate has begun construction of an EV (electric vehicle) copper foil plant in Hungary for capitalizing on the growing need for battery materials.
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