The Global Copper Foil Market was valued at USD 5.2 Bn in 2020 and is expected to reach USD 10.8 Bn by 2027, with a growing CAGR of 11% during the forecast period.
Copper foil is a thin layer of copper utilized with adhesive. It is found in most gardening electric & hardware stores. Copper foil is utilized in a variety of applications, including stained glass, EMI/RFI shielding, and arts and crafts. The foil tape is widely used in motors, labels, batteries, and electronics. Copper foil tape from all foils is available in conductive and non-conductive adhesives in a variety of gauges/thicknesses. These copper foils are available with inner diameters of up to 20" on fibre, aluminium, steel, and plastic cores.
Increasing demand for copper from the electrical & electronics industry is anticipated to foster the copper foil market growth during the forecast period. As the copper foil in smartphones is used to achieve magnetic shielding, increasing demand for smartphones is expected to foster the market growth over the forecast period. For instance, global mobile sales in 2020 reached 1.37 billion despite the Covid-19 pandemic effect. Additionally, the increase in sales of laptops, desktops is anticipated to increase the demand for copper foils during the forecast period. For instance, in the fourth quarter of 2020, worldwide PC shipments was around 79.4 million units. Also, stricter rules for small and medium-sized PCB makers, on the other hand, are expected to hinder the copper foil demand in the near future. The laws impose specific criteria on many industrial uses, except for aeronautical and military applications. Moreover, copper foils are utilized in transformers, circuit boards & PCB’s in 2020, The US Sales of power and distribution transformers accounted for USD 4.8 Billion.
The unique insights provided by this report also include the following:
Based on type, the electrodeposited copper segment accounted for the largest market share in 2020 owing to its use in printed circuit boards
Based on type, the market has been segmented into electrodeposited copper & rolled-Annealed (RA) copper. Batteries, switchgear, printed circuit boards, EMI shielding are some of the devices where electrodeposited copper foils are used. They are primarily utilized in the production of Printed Circuit Boards (PCB), lithium-ion batteries, which are extensively used in household appliances, communication, computing. With the advancement of 5G technology and the lithium battery sector, Innovative criteria for copper foil have emerged in recent years. For instance, Circuitfoil an organization based in Luxembourg provides high-quality electrodeposited copper foils for the electronics industry. The current development path of copper foil technology is dominated by Ultra Low Profile (ULP) copper foil for 5G and ultra-thin copper foil for lithium batteries.
Based on regions, the market for copper foil in Asia-Pacific accounted for the largest share in 2020 owing to increasing demand for consumer electronics
Geographically, the Asia-Pacific market is estimated to dominate the market in the forecast period due to increasing urbanization and growing demand for electronic items are expected to boost copper foil market sales in the region. For instance, In 2019, China topped both as importer & exporter of copper foils in the world. In 2019 the top importers of Copper Foil were China ($2.44B), South Korea ($812M), Chinese Taipei ($529M), Hong Kong ($372M), and Japan ($303M). This region is densely populated with high number of millennials. This factor is poised to increase the demand for smartphones & laptops which in turn is anticipated to increase the demand for copper foils. The reduction of components and the focus of manufacturers on accelerating the manufacturing process through the production of thin foils can aid Asia-Pacific’s regional growth.
The report also provides an in-depth analysis of copper foil market dynamics such as drivers, restraints opportunities and challenges
Note: Challenges along with in-depth market dynamics analysis is mentioned in the report.
The outbreak of novel coronavirus has majorly affected the market. As the COVID-19 outbreak has forced people to shift from actual interactions to connect over virtual platforms. There have also been reports of scrap supply chain interruption. As a result of this trend, scrap imports have reduced in several nations. As better quality of scrap is preferred by end-users, the overall volume of copper scrap sales are steady over the last two years. China's copper consumption and main sources are expected to have a positive impact on the global copper foil market advancement.
The report also provides in-depth analysis of key trends in copper foil market
The report also provides in-depth analysis of recent news developments and investments
The key players operating in the copper foil market are:
Priyanka has been writing chemicals & material market research reports for the last 12 years. A post-graduate, her specialization is in the chemicals sector. Preparing end-to-end reports covering minute details for market insights, competitive intelligence and trend analysis in the CMFE sector.