How Has the Copper Foil Market Size Evolved in Recent Years?
The copper foil market has seen considerable growth due to a variety of factors.
• In the past few years, there has been a swift expansion in the size of the copper foil market. Market projections reveal an expected growth from $12.86 billion in 2024, to an impressive $14.21 billion in 2025, indicating a compound annual growth rate (CAGR) of 10.5%.
Factors contributing to this historical growth include the boom in the electronics industry, shrinking sizes of electronic devices, amplified demand for lithium-ion batteries, advancements in pcb manufacturing, and the escalating focus on renewable energy.
What are the Market Size and Expected Growth Rates for the Copper Foil Market?
The copper foil market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the copper foil market size is projected to experience fast expansion. It is anticipated to reach $21.29 billion in 2029 with a compound annual growth rate (CAGR) of 10.6%.
The growth during the forecast period can be accredited to factors such as urbanization and infrastructure requirements, aerospace and defense demands, the electrification of automobiles, environmental legislations, and the expansion of emerging markets. The forecast period is also expected to usher in major trends like the implementation of renewable energy solutions, the roll out of 5g networks, technological advancements, the advent of innovative flexible electronics and displays, as well as strategic collaborations.
Which Drivers Are Accelerating Growth In The Copper Foil Market?
The surge in electric vehicle demand is projected to fuel the expansion of the copper foil market. Electric vehicles, which operate on electricity stored in their batteries, utilize copper foil in the manufacturing of electric batteries, electric motors, and electric car wiring to supply power to these vehicles. For example, the International Energy Agency reported that electric car sales in 2023 increased by 3.5 million compared to 2022, demonstrating a 35% year-on-year rise. In 2023, electric vehicles represented around 18% of all car sales, an increase from 14% in the previous year. Hence, the heightened demand for electric vehicles is steering the growth of the copper foil market.
What Are The Core Segments Of The Global Copper Foil Market?
The 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
Subsegments:
1) By Rolled Copper Foil: Standard Rolled Copper Foil, Ultra-Thin Rolled Copper Foil, Alloyed Rolled Copper Foil
2) By Electrodeposited Copper Foil: Standard Electrodeposited Copper Foil, High-Performance Electrodeposited Copper Foil, Fine Grain Electrodeposited Copper Foil
Pre-Book The Copper Foil Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Emerging Trends Are Reshaping The Copper Foil Market Size?
In the copper foil market, an emerging key trend is product innovation. To maintain their market standing, paramount firms in the copper foil domain are heavily concentrating on the introduction of novel products. Take for example Infinite Flex, who till 2023, have continually brought about changes in the realm of copper foil and powder production. In the month of January 2023, they uncovered their latest product offering, Infinite Powder Cu 03, a more advanced iteration of their copper powder goods. This new development, employing Metal Injection Molding (MIM) technology, allows for heightened conductivity in copper parts, targeting the swiftly escalating electric vehicle (EV) battery market.
Who Are the Key Players in the Copper Foil Market?
Major companies operating in the copper foil market include:
• 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.
• 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.
• Solus Advanced Materials
• SH Copper Products Co. Ltd.
• United Copper Foil (Huizhou) Co. Ltd.
• Civen Metal Material Co. Ltd.
What are the Regional Insights into the Copper Foil Market?
North America was the largest region in the copper foil market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the copper foil market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
