Copper Foil Market
Growth Factors of Copper Foil Market
The global copper foil market size was valued at USD 7.11 billion in 2023 and is projected to grow from USD 7.67 billion in 2024 to USD 14.11 billion by 2032, exhibiting a CAGR of 7.9% during the forecast period of 2024-2032.
The COVID-19 pandemic disrupted the copper foil market, causing delivery chain troubles and decreased demand from industries like electronics and automobiles. However, developing hobbies in electric cars and renewable strength helped mitigate the decline, impeding the copper foil market growth.
The copper foil marketplace is pushed using the growing call for electric motors (EVs), renewable power systems, and its extensive use in electronics, specifically for revealed circuit boards (PCBs) and batteries.
The electronics enterprise is a prime driver of copper foil demand. Copper foil is an essential factor in revealed circuit forums (PCBs), supplying the interconnections and sign transmission pathways that allow the functionality of digital gadgets, expanding the copper foil market share globally. As the call for various digital products continues to develop, so does the intake of copper foil. Additionally, the rising field of bendy electronics, including wearable gadgets and foldable smartphones, calls for skinny and bendy copper foils to deal with their precise layout necessities. This fashion has also fueled the call for copper foil within electronics enterprises.
Comprehensive Analysis of Copper Foil Market
The copper foil market is segmented based on programs into circuit forums, batteries, and digital defensive. The circuit boards phase held the most crucial percentage in 2023, pushed by its massive use in electronics, which includes smartphones, laptops, and wearable gadgets. Rapid advancements in the printed circuit board era have further fueled the call. The batteries phase is anticipated to grow the fastest, mainly because of rising demand from electric car manufacturers and improvements in electricity garages. The digital shielding phase is projected to show a sizable increase because it addresses the need to save you from electromagnetic interference in various additives.
The Asia Pacific region led the copper foil market by benefitting a size of USD 4.53 billion in 2023 due to its dominant position in 2020; the vicinity held the most significant proportion of the copper foil marketplace and is predicted to retain its leadership for the duration of the forecast.
The leading players in the copper foil market significantly influence its growth trajectory and set industry standards. These key players, including UACJ Foil Corporation (Japan), RCI Industries and Technologies Ltd. (India), American Elements (U.S.), Mitsui Mining & Smelting Co., Ltd. (Japan), SKC (South Korea), Tex Technology Inc. (Japan), Shanghai Metal Corporation (China), Doosan Group (South Korea), Furukawa Electric Co., Ltd. (Japan), and ILJIN Materials Co., Ltd. (South Korea), contribute to a competitive landscape, driving innovation and market advancement.
In January 2024, Volta Energy Solutions (VES) is building a new copper foil battery facility in Quebec, Canada, to fill an essential gap within the North American electric-powered vehicle (EV) delivery chain. The development of a call for eco-friendly transportation solutions pushes this initiative. VES aims to play a pivotal function in advancing the EV market in North America while helping the global shift toward easy-strength answers.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Volume (Million Tons); Value (USD Billion)
Growth CAGR of 7.9% from 2024 to 2032
Segmentation By Application
- Circuit Boards
- Batteries
- Electronic Shielding
- Others
By Geography
- North America (By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
- Europe (By Application, By Country)
- Germany (By Application)
- U.K (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe (By Application)
- Asia Pacific (By Application, By Country)
- China (By Application)
- Japan (By Application)
- India (By Application)
- Rest of Asia Pacific (By Application)
- Latin America (By Application, By Country)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
- Middle East & Africa (By Application, By Country)
- GCC (By Application)
- Rest of Middle East & Africa (By Application)
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