Global Copper Foil market share 2024, Forecast To 2033
29 Jan, 2024
The copper foil market has witnessed rapid growth, escalating from $11.75 billion in 2023 to $13.08 billion in 2024, reflecting a compound annual growth rate (CAGR) of 11.3%. The historic growth is associated with the expansion of the electronics industry, miniaturization of electronic devices, increased demand for lithium-ion batteries, PCB manufacturing, and the expansion of renewable energy. Looking forward to 2028, the market is poised for rapid growth, reaching $19.72 billion with a CAGR of 10.8%. This anticipated expansion is driven by urbanization and infrastructure development, aerospace and defense requirements, automotive electrification, environmental regulations, and the expansion of emerging markets. Major trends in the forecast period include the introduction of green energy solutions, 5G network deployment, technological innovations, innovative flexible electronics and displays, and strategic partnerships.
Global Copper Foil Market Key Driver
The increasing demand for electric vehicles is set to propel the growth of the copper foil market. Copper foil is integral in electric vehicle components, contributing to the industry's growth. In 2021, India witnessed a 132% growth in electric two-wheeler sales, reaching 2.33 lakh units. The rise in electric vehicle demand underscores the crucial role of copper foil in the market, shaping its trajectory in 2023, 2024, and beyond.
Get A Free Sample Of The Global Copper Foil Market ReportGlobal Copper Foil Market Segments
The global copper foil market covered in this report is segmented –
1) By Product Type: Rolled Copper Foil, Electrodeposited Copper Foil
2) By Grade: Electrolytic Tough Pitch Copper (ETP), Deoxidized High Phosphorus Copper (DHP)
3) By Application: Printed Circuit Boards, Batteries, Electromagnetic Shielding, Other Applications
4) By End-User: Electrical and Electronics, Automotive, Industrial Equipment, Building and Construction, Other End-Users
By Geography: The regions covered in the Copper Foil market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Major Copper Foil Industry Players
LS Mtron Co. Ltd., Chang Chun Group, Furukawa Electric Co. Ltd., ILJIN Materials Co. Ltd., JX Nippon Mining & Metals Corporation, Carl Schlenk AG, Mitsui Mining & Smelting Co. Ltd., Nippon Denkai Ltd., UACJ Corporation, Rogers Corporation, Sumitomo Metal Mining Co. Ltd., Circuit Foil SA, Shandong Jinbao Electronics Co. Ltd., Wieland Metals India Pvt. Ltd., Nan Ya Plastics Corporation., Doosan Corporation, Eneos Holdings Inc., SKC Inc., NUODE New Materials Co. Ltd., Lingbao Wason Copper Foil Co. Ltd., Guangdong Jia Yuan Technology Shares Co. Ltd., Jiujiang Defu Technology Co. Ltd., Jiangxi Copper Corporation, Fujian Clear View Copper Foils Co. Ltd., Kingboard Copper Foil Holdings Limited, Targray Technology International Inc., ANSIO Ltd., Solus Advanced Materials, SH Copper Products Co. Ltd., United Copper Foil (Huizhou) Co. Ltd., Civen Metal Material Co. Ltd.
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Copper Foil Market Overview
Copper foil refers to the base copper thickness that is applied to the outer and inner layers of metal sheets, which helps to increase their thickness. These also act as electric conductors in electrical devices. It is used to provide better conductivity, plasticity, corrosion, and ductility for metal sheets and is used for riveting and cutting tools in various industries.
Copper Foil Global Market Report 2023 provides data on the global copper foil market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The copper foil market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.