Global Copper foil Market worth was valued as USD 10.8 Billion by the end of forecast period 2021-2027

The Global Copper Foil Market is anticipated to reach USD 10.8 Bn by 2027 and mark with a growing CAGR of 11% during the forecast period.

The copper foil market is majorly growing due to the increasing demand for copper from the electric vehicle segment. Battery copper foil is a key component of an electric vehicle battery. For instance, Solus Advanced Materials manufactured a high-end, small, high-efficiency battery copper foil. This copper foil can help electric automobiles get more miles out of their batteries.  From January to May 2021, numerous new projects and expansions have been reported globally. For instance, SKC is focused on expanding its production capacity for copper foil to 250,000 metric tons with a goal of becoming the world’s largest provider by 2025.

Moreover, copper foil is used in the creation of stained-glass art.in the construction industry. Copper foil is also used to repair broken windows and in the household to preserve non-food products and chemicals. Therefore, the use of copper foils in the construction industry is expected to bolster the market growth in the near future. The increase in construction activities is expected to support the market growth. For instance, the upcoming projects such as Saudi Arabia's $500bn Neom future city, is expected to support the market growth. Copper foils are used in the aerospace industry as they protect the spacecraft’s body from outside elements, including UV light and moisture, during both storage and flight, they have good electrical conductivity & high heat resistance. For instance, in 2019, NASA’s project to research at Mars consisted of helicopter, utilized copper foil.

Global Copper foil Market by Region Outlook (Revenue, USD Million, 2021-2027)

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

In terms of geography, Asia-Pacific dominated the regional market for the copper foil sector in 2020, owing to government initiative in household manufacturing & PCB manufacturing. Due to the government incentives provided to Printed Circuit Board (PCB’s) companies, China produces more than half of all PCBs. Moreover, China is also making similar circuit boards at a low cost in order to reach out more clients, so that they can improve their sales in PCB’s. Additionally, South Korean PCB makers have excellent manufacturing technologies for copper foils. This is anticipated to boost the copper foil market growth. For instance, Apple placed orders for PCBs with TAESUNG. TAESUNG is the primary organization in charge of producing PCBs for Apple. During the projection period, the aforementioned factors, inline with government support, are expected to increase the demand for copper foil usage in the region.

The Global Copper foil Market Segmentation:

Global Copper foil Market by Type (Revenue, USD Million, 2021-2027)

• Electrodeposited copper (ED)
• Rolled-Annealed (RA) copper

Global Copper foil Market by End-Use Outlook (Revenue, USD Million, 2021-2027)

• Automotive
• Construction
• Industrial
• Electrical & Electronics
• Others

Key Findings:

• Based on type, the electrodeposited copper segment held the largest market share for the year 2020 and is anticipated to continue its dominance throughout the forecast period.
• Automotive held the largest market in the year 2020, in terms of end-use segment
• Based on regions, Asia-Pacific is anticipated to hold the largest market throughout the forecast period in the copper foil market analysis.

Company Profiles and Competitive Intelligence

The key players operating in the copper foil market are:

• Furukawa Electric Co., Ltd.
• SKC
• Dusan Group
• Chang Chun Group
• Circuit Foil
• LS Mtron
• Iljin materials co, Ltd.
• Nippon Denkai, Ltd.
• Amari Copper Alloy Ltd.
• Global Brass and Copper Holdings Ltd.
• Arcotech Ltd.
• Civen Metal Material Co., Ltd.
• JX Nippon Mining & Metals Corporation
• Rogers Corporation
• Mitsui Mining & Smelting Co.
• Lamineries Matthey
• Schlenk AG
• Krishna Copper Private Limited
• Circuit Foil Luxembourg
• All Metal Sales, Inc.
• MBK Tape Solutions
• A-1 Alloys
• Can-Do National Tape, Inc
• Arnold Magnetic Technologies
• PECTEC Corporation
• ACI Alloys

Recent News:

• In June 2021, Denkai America Inc,  invested USD 14 million to expand its production facilities in Kershaw County. This move is expected to create 10 jobs. The expansion of the facility is anticipated to increase production capacity and the company’s ability to meet growing demand in the energy storage market segment.
• In March 2021, ATP released a copper foil fin-type heat sink to be utilized in Laptop’s Nvme SSD. The thermal management system, which uses both hardware and firmware components, avoids overheating while maintaining excellent sustained performance, particularly for NVMe Solid-State Drives (SSDs).