Global Copper Foil Market Report and Forecast 2024-2032

Global Copper Foil Market Outlook

The global copper foil market attained a value of nearly USD 15.49 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 9.5% to reach about USD 35.06 billion by 2032.

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Extensive Use of Copper Foils in the Automotive Sector Aiding the Growth of the Copper Foil Industry

Copper foils are extensively used in the automotive industry, which is accelerating the industry growth. As copper foils play an integral role in automobiles to carry data and supply electrical powers for them to function effectively, they are increasingly used in vehicles, which are augmenting the market growth. Electric vehicles are being increasingly used in both developed and developing countries owing to their cost and fuel efficiency. In addition, various governments are introducing favourable initiatives to promote the use of electric vehicles to limit greenhouse emissions. The extensive use of batteries, especially lithium-ion, in e-vehicles is further invigorating the industry growth. Moreover, the advent of smart cars with automated features is also increasing the demand for copper foils. The use of copper foils in connecting sensors and telecommunication systems for effective transmission of the data signal is providing further impetus to the market growth.

The Asia Pacific Region Contributing Significantly to the Market for Copper Foils

The Asia Pacific region is witnessing robust growth owing to the rising demand for copper foils in various applications. The inflating disposable income and the emergence of the middle class in the emerging countries in the region are increasing the demand for consumer electronics, especially smartphones. This is augmenting the market growth. Moreover, the surging use of electric vehicles like e-scooters in countries such as India and China owing to the rising prices of crude oil is further increasing the use of copper foils, hence propelling the market growth. In addition, China and India are some of the largest producers of not only consumer electronics but also integral parts of electronics, such as printed circuit boards and batteries. This is increasing the demand for copper foil, hence aiding the market growth and contributing significantly to the overall industry growth.

Copper Foil: Market Segmentation

Copper foil is a very thin sheet of copper that is made by rolling and hammering the copper metal. It has high electrical and heat conductivity, due to which it is commonly used as an electric conductor for batteries, solar panel appliances, and circuit boards. Moreover, they are widely used in various industries and applications.

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The major product types of copper foil are:

• Rolled
• Electrodeposited

The market can be broadly categorised on the basis of its applications into:

• Printed Circuit Boards
• Batteries
• Electromagnetic Shielding
• Others

Based on end use, the market is divided into:

• Electrical and Electronics
• Automotive
• Industrial Equipment
• Building and Construction
• Medical
• Aerospace and Defence
• Others

The EMR report looks into the regional markets of copper foil like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Demand for Batteries and Printed Circuit Board (PCB) to Augment the Market Growth for Copper Foil

The use of high-precision technologies to produce rolled copper foil with optimal thickness is anticipated to fuel the market growth. Various innovations are enabling the development of high-performance rolled copper foil with high mechanical strength. Hence, it is extensively used in lithium-ion batteries, which is propelling the market growth. Moreover, the dependency on consumer electronics such as smartphones and laptops has surged significantly, especially during the coronavirus pandemic. This is increasing the demand for printed circuit board (PCB), which is used extensively in most consumer electronics. Moreover, the integration of printed circuit board in connected vehicles to connect automobiles to computing devices like smartphones is expected to augment the market growth. The evolving consumer preferences and technological advancements are increasing the demand for innovative PCBs. The rising demand for sleek and faster devices is also invigorating the market growth for copper foils. In addition, the growing use of PCB in various industries, including medical and automotive, is anticipated to propel the growth of the copper foil industry in the forecast period.

Key Industry Players in the Global Copper Foil Market

The report presents a detailed analysis of the following key players in the global copper foil market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Carl Schlenk AG
• Doosan Corporation
• Furukawa Electric Co. Ltd.
• JXTG Holdings Inc.
• Mitsui Mining & Smelting Co. Ltd
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report