The global Copper Foil Market size is anticipated to reach USD 22.00 billion by 2030 and is anticipated to expand at a CAGR of 11.9% during the forecast period, according to a new report by Grand View Research, Inc. Increasing adoption of renewable energy sources and electric vehicles (EVs), as a part of decarbonization efforts, is projected to fuel the growth of global market for copper foil.
Copper foil functions as the electrical conductor of printed circuit board (PCB). Rising demand for PCBs, due to the aforementioned application of copper foil in them, is likely to play a crucial role in influencing demand for copper foil. PCBs are essential building blocks in electronics manufacturing. As electronic devices become more complex and intelligent, there is an ever-growing demand for PCBs. As a result, rising demand for smart devices is likely to propel growth of the industry.
Use of copper results in reduced carbon emissions and cuts down amount of energy required to generate electricity. There is six times more copper in renewable energy systems than in traditional systems. Hence, growing adoption and transition towards green energy in infrastructure development, such as electric vehicles (EVs) and electricity generation is anticipated to benefit market growth. According to the IEA, the global sales of EVs reached 10.3 million units in 2022 compared to 6.7 million units in 2021 and 3.2 million units in 2020. Global sales are expected to have touched 14.1 million units in 2023; however, actual statistics are yet to be published.
Copper is a commodity that has historically witnessed high price volatility during the historic period of 2018-2022. Fluctuations in prices of copper cathode are expected to have a bearing on the profitability of the producer. Further, hikes in energy prices, supply constraints, and high demand from end-use industries are expected to put pricing pressure on the global market and affect smelter profitability and revenue performances of foil producers over the forecast period. Hence, price volatility of copper is expected to be a significant restraint to the revenue performance of the market.
The market is very competitive, with a strong presence of several large-sized players, such as Nippon Denkai, Ltd., SKC, and Lotte Energy Materials Corporation. Due to growth of end-use applications, players have been investing in increasing their capacities through greenfield projects. For instance, in August 2023, Lotte Energy Materials Corporation announced that it would build a new foil plant in Spain and would be operational in 2025.
List of Key Players in the Copper Foil Market
- Chang Chun Group
- Circuit Foils
- Doosan Corporation Electro-Materials
- Furukawa Electric Co., Ltd.
- Lingbao
- Lotte Energy Materials Consumption
- LS Mtron
- Nippon Denkai, Ltd.
- SKC
- UACJ Foil Corporation
Related Press Release@ Copper Foil Market Report
Copper Foil Market Report Highlights
- Based on product, rolled foil held a maximum revenue share of over 55.0% in 2023 and is expected to grow at a significant CAGR over the forecast period due to its high consumption in batteries, solar panels, and IoT-enabled services, among others
- Based on application, batteries segment is expected to grow at a lucrative pace over the forecast period owing to the growing EV industry
- In solar & alternative energy, tin-plated copper foils in combination with acrylic-based pressure-sensitive adhesive tapes, are used in thin-film solar applications. These are solderable, and their usage provides stable electrical performance and is also easy to work with during the solar panel production process
- Asia Pacific dominated the market owing to several countries in region focusing on reducing their carbon emissions by shifting their attention toward the adoption of renewable energy. For instance, according to the International Trade Administration, Taiwan plans to cater to 20% of its energy requirements from renewable sources by 2025. It is expected to harness 20 GW of solar energy by 2025
- In January 2024, Hungary-based Volta Energy Solutions announced its geographic expansion into North American market by building a new battery copper foils plant in Quebec, Canada to cater to a fast-growing EV segment. It is a developer of world's first electrodeposited copper foils for batteries
Copper Foil Market Report Scope
Report Attribute
Details
Market size value in 2024
USD 11.21 billion
Revenue forecast in 2030
USD 22.00 billion
Growth Rate
CAGR of 11.9% from 2024 to 2030
Base year for estimation
2023
Historical data
2018 - 2022
Forecast period
2024 - 2030
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Copper Foil Market Segmentation
Grand View Research has segmented the global copper foil market based on product, application, and region:
Copper Foil Product Outlook (Revenue, USD Million; 2018 - 2030)
- Electrodeposited
- Rolled
Copper Foil Application Outlook (Revenue, USD Million; 2018 - 2030)
- Circuit Boards
- Batteries
- Electrical Appliances
- Solar & Alternative Energy
- Medical
- Other Applications
Copper Foil Region Outlook (Revenue, USD Million; 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Russia
- Asia Pacific
- Japan
- China
- India
- South Korea
- Taiwan
- Central & South America
- Brazil
- Middle East & Africa
Copper foil is a foil form of copper less than the thickness of 150µm and there are two types, a rolled copper foil and an electrolytic copper foil.
Normally, a rolled copper foil is made by rolling and annealing electrolytic copper continuously and there is a restriction of the length.
Copper Foils are mostly used for printed circuit boards, flexible printed circuit boards, and lithium-ion batteries.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/98876/global-copper-foil-2021-2027-293 Asia-Pacific takes the consumption market share of about 90%, North America followed by with 4% .
The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.Segment by Type, the Copper Foil market is segmented intoRolled Copper FoilElectrolytic Copper FoilThe segment of electronitic copper foil holds a comparatively larger share in global market, which accounts for about %.Segment by Application, the Copper Foil market is segmented intoPrinted Circuit BoardLithium-ion BatteriesElectromagnetic ShieldingOtherThe print circuit board holds an important share in terms of applications, and accounts for 67% of the market share.Regional and Country-level Analysis:North AmericaUnited StatesCanadaAsia-PacificChinaJapanSouth KoreaIndiaSoutheast AsiaAustraliaRest of Asia-PacificEuropeGermanyFranceU.K.ItalyRussiaNordic CountriesRest of EuropeLatin AmericaMexicoBrazilRest of Latin AmericaMiddle East & AfricaTurkeySaudi ArabiaUAERest of MEACompetitive Landscape and Copper Foil Market Share AnalysisCopper Foil market competitive landscape provides details and data information by companies.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2016-2021.
Details included are company description, major business, Copper Foil product introduction, recent developments, Copper Foil sales by region, type, application and by sales channel.The major companies include:FukudaMitsui Mining & SmeltingFurukawa ElectricJX Nippon Mining & MetalOlin BrassLS MtronIljin MaterialsCCPNPCCo-TechLYCTJinbao ElectronicsKingboard ChemicalNUODETongling Nonferrous Metal GroupReasons to Purchase Our Research Report:1.
Allied Market Research published a new report, titled, “Global Electrolytic Copper Foil Market - Opportunity Analysis and Industry Forecast, 2020-2027."
The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape.
This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.The report offers key drivers that propel the growth in the global electrolytic copper foil market.
Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.
Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
These insights help to devise strategies and create new opportunities to achieve exceptional results.The research offers an extensive analysis of key players active in the global electrolytic copper foil industry.
