Posted by IMARC Group, a leading market research company, has recently releases report titled “Copper Foil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global copper foil market trends, share, size and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the copper foil market?
The global copper foil market size reached US$ 5.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.
What is copper foil?
Copper foil is a thin metal sheet formed by depositing copper particles onto a rotating titanium drum. This process, known as electrodeposition, creates very thin sheets of copper. It is commonly used in telecommunications equipment, such as PCs and mobile phones, as a printed circuit board (PCB) component. It is widely utilized as a substrate for coating anode materials in Li-ion batteries. It is both malleable and ductile and offers high electrical conductivity. As a result, copper foil finds extensive applications in stained glass, motors, EMI/RFI shielding, arts and crafts, batteries, plasma displays, and various other electronics across the globe.
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What are the growth prospects and trends in the copper foil industry?
The global copper foil market is primarily driven by the increasing demand for electronic devices such as mobile devices, computers, laptops, and tablets that require internet connectivity. Moreover, the availability of low-cost data plans, increased bandwidth, and advanced 5G infrastructure is positively influencing market growth.
Additionally, governments of numerous countries are investing in reducing greenhouse gas emissions from internal combustion (IC) engines, leading to a surge in demand for electric vehicles. In line with this, the rising use of high-end copper foils in lithium-ion batteries is propelling market growth.
Furthermore, the increasing use of copper foils in decorative materials such as gold signs, handicrafts, and tile mosaics is contributing to the market growth. Other factors, including rising demand for lightweight and advanced electronics, product innovations, and rapid urbanization, are also anticipated to drive the market further.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Rolled Copper Foil
- Electrodeposited Copper Foil
Breakup by Application:
- Printed Circuit Boards
- Batteries
- Electromagnetic Shielding
- Others
Breakup by End Use Industry:
- Aerospace and Defense
- Automotive
- Building and Construction
- Electrical and Electronics
- Industrial Equipment
- Medical
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Carl Schlenk AG, Chang Chun Group, Furukawa Electric Co. Ltd., ILJIN Materials Co. Ltd., JX Nippon Mining & Metals Corporation (ENEOS Holdings Inc.), LS Mtron Co. Ltd., Mitsui Mining & Smelting Co. Ltd., Nippon Denkai Ltd., Rogers Corporation, SKC Co. Ltd., Sumitomo Metal Mining Co. Ltd., Targray Technology International Inc. and UACJ Corporation.
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