Electrodeposited Copper Foil Market Forecasts to 2030 – Global Analysis By Type (Electrolytic Copper Foil, Rolled Copper Foil and Other Types), Application, End User and By Geography

Electrodeposited Copper Foil Market Forecasts to 2030 – Global Analysis By Type (Electrolytic Copper Foil, Rolled Copper Foil and Other Types), Application, End User and By Geography

According to Stratistics MRC, the Global Electrodeposited Copper Foil Market is accounted for $4.1 billion in 2023 and is expected to reach $6.8 billion by 2030 growing at a CAGR of 7.2% during the forecast period. Electrodeposited copper foils are created using electrolysis, in which copper ions are removed from a copper solution and deposited on a rotating titanium mandrel to form a thin layer of foil. These foils are excellent for making PCBs and lithium-ion batteries, among other things. These ultimately have a big impact on the development of various home products, communications technology, and the energy production sector.

According to a Swedish multinational telecommunications company, Ericsson, a total of around 410 million additional smartphone users are expected in India alone by 2025. 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.

Market Dynamics:

Driver:

Increasing demand for electrodeposited copper foils

The ongoing development of technology and electronic devices has significantly raised the need for electrodeposited copper foils. As they continuously invest in new electronic systems and update their current ones, governments and international enterprises also contribute to the worldwide need. The need for electrodeposited copper foils has also increased due to the improved features and decreased bulk of various appliances including washing machines, refrigerators, televisions, etc.

Restraint:

Availability of substitutes

Aluminum could be used as a foil to reduce low-frequency radio fields in radio frequency (RF) shielding applications, similar to how copper foil is employed. Transformers are available in both copper foil and aluminum on the market. Both transformers perform similarly. Aluminum foil transformers are less in weight because aluminum has a lower density than copper. The availability of aluminum foil as a substitute for copper foil and the anticipated shortage of high yield copper supplies are the two main factors limiting market expansion.

Opportunity:

Innovation and technological advancements

The introduction of 5G technology, IoT devices, artificial intelligence, and high-performance computing, among other developments in the electronics and electrical industries, have boosted the demand for advanced printed circuit boards and raised the price of premium copper foils. The development of sophisticated copper foils with improved properties, product innovation, and ongoing improvements in electrode position techniques all contribute to the market's expansion.

Threat:

Fluctuating copper prices

The price volatility of copper, a crucial raw material for the manufacturing of electrodeposited copper foil, presents difficulties for market participants in terms of cost control and profit margins. Additionally, the usage of chemicals and trash during the electroplating process used to create electrodeposited copper foil raises environmental issues and puts regulations in place. Therefore, the high price of copper foil and its dangers impede the expansion of the market.

Covid-19 Impact:

The epidemic impacted worldwide supply lines, particularly the copper foil supply chain. Raw materials and final goods deliveries were delayed as a result of transportation restrictions, border closures, and lockdown procedures. The pandemic-related worldwide economic crisis resulted in a drop in demand for a number of sectors that employ copper foil, including electronics, automotive, and construction. The market for copper foil goods was hurt by slowdowns in manufacturing, decreased consumer expenditure, and project delays.

The rolled copper foil segment is expected to be the largest during the forecast period

The rolled copper foil segment is expected to be the largest during the forecast period. Lithium-ion batteries and flexible printed circuit boards (FPCBs) both make heavy use of rolled copper foil. The expanding market for flexible electronics, including flexible displays, wearable technology, and curved screens, is what fuels demand for rolled copper foil. The demand for rolled copper foil is influenced by both the rising use of electric vehicles and the requirement for high-performance lithium-ion batteries.

The electronics segment is expected to have the highest CAGR during the forecast period

The electronics segment is expected to have the highest CAGR during the forecast period. Copper foil is widely used in the electronics sector, especially for printed circuit boards (PCBs), lithium-ion batteries, electromagnetic shielding, and flexible electronics. The demand for copper foil in this industry is being driven by the rising demand for electronic devices such smartphones, tablets, laptops, and automotive electronics. The demand for copper foil in this industry is being driven by the rising demand for electronic devices such smartphones, tablets, laptops, and automotive electronics.

Region with largest share:

North America is projected to hold the largest market share during the forecast period, owing to the significant presence of leading players in the electronics and automotive sectors. The US and Canadian governments and automakers attempts to build up and expand the current charging infrastructure in order to fulfil the rising demand for electric vehicles would boost the market. The region's emphasis on technological development and adoption of cutting-edge electrical components support market expansion.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period, due to the presence of major electronics manufacturing hubs. The presence of significant electrical equipment manufacturers in the area may be largely responsible for its dominance. China is the key nation driving the expansion of the regional market since it serves as a center for the production of printed circuit boards (PCBs). Due to the increased demand for electronic products and the increasing uptake of electric vehicles, the region has significant growth potential.

Key players in the market

Some of the key players in Electrodeposited Copper Foil market include Sumitomo Metal Mining Co. Ltd, Targray Technology International Inc. , Hitachi Cable, Circuit Foil Luxembourg, Furukawa Electric Co. Ltd., Doosan Group, Arcotech Ltd., Shandong Jinbao Electronics Co. Ltd., JX Nippon Mining & Metal, Targray Technology International Inc., Kingboard Copper Foil Holdings Limited, Jiangxi Copper Corporation, Nan Ya Plastics Corp., Mitsui Mining & Smelting Co., Ltd. and Chang Chun Group.

Key Developments:

In June 2023, Jiangxi Copper Company and Anglo American have signed a memorandum of understanding to work together to provide greater assurance on the way copper is mined, processed, and brought to market.

In February 2023, JX Nippon Mining & Metals Corporation and Sojitz Corporation reached an agreement in which Sojitz will acquire a 34 percent stake in eCycle Solutions Inc., a wholly-owned subsidiary of JX Metals and Canada’s largest collector and processor of e-waste in terms of market share.

In April 2022, Furukawa Electric Co. Ltd switched to renewable energy to meet all the power requirements at Japan's Copper Foil Division's production facility. The company expects to reduce CO2 emissions from electricity use at the plant by a maximum of 30,000 tons per year.

Types Covered:
• Electrolytic Copper Foil
• Rolled Copper Foil
• Other Types

Applications Covered:
• Lithium-Ion Batteries
• Printed Circuit Boards (PCBs)
• Electromagnetic Shielding
• Switchgear
• Other Applications

End Users Covered:
• Aerospace
• Energy Storage
• Electronics
• Automotive
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


Companies Mentioned
Sumitomo Metal Mining Co. Ltd
Targray Technology International Inc.
Hitachi Cable
Circuit Foil Luxembourg
Furukawa Electric Co. Ltd.
Doosan Group
Arcotech Ltd.
Shandong Jinbao Electronics Co. Ltd.
JX Nippon Mining & Metal
Targray Technology International Inc.
Kingboard Copper Foil Holdings Limited
Jiangxi Copper Corporation
Nan Ya Plastics Corp.
Mitsui Mining & Smelting Co., Ltd.
Chang Chun Group