Copper Foil Market Size, Growth Insight, Share, Trends, Industry Key Players, Regional Forecast To 2027
The global copper foil market size is projected to
reach USD 10,375.6 million by 2028, exhibiting a CAGR of 7.9% during
the forecast period. According to a recent report by Fortune Business
Insights™, titled “Copper
Foil Market Size, Share & COVID-19 Impact Analysis, By Application (Circuit
Boards, Batteries, Electromagnetic Shielding, and Others) and Regional
Forecast, 2021-2028”, the value of the market stood at USD 5,703.0
million in 2020.
Increasing Smartphone Adoption to Favor Market Growth
Economic growth and development in several countries can be seen
in the soaring demand for electronic products, especially smartphones, over the
last decade. A 2019 survey by Pew Research Center revealed that over 5 billion
people around the globe own mobile devices and more than 50% of these are
smartphones. Further, a GSMA report cited by the World Economic Forum in 2019
predicts that by 2025 global smartphone ownership will rise to 79% from the
current 60%.
Growing smartphone production will hugely benefit this market
because the copper foil is an essential component in any electrical device. It
is primarily used in circuit boards, which are installed in all kinds of
electrical devices, to send and receive electrical signals. Expanding
smartphone ownership will, thus, bolster the prospects of this market.
Key Market Segments
Based on application, the market has been segmented into circuit
boards, batteries, electromagnetic shielding, and others. In 2020, the
electromagnetic shielding segment held a share of 9.7% in the
global market and a share of 7.3% in the China market.
On the basis of geography, the market has been grouped into North
America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
List of the Leading Companies Profiled in the Global Copper Foil
Market are:
- ILJIN Materials
Co., Ltd. (South Korea)
- Doosan Group
(South Korea)
- Tex Technology Inc.
(Japan)
- Mitsui Mining
& Smelting Co., Ltd. (Japan)
- RCI Industries
and Technologies Ltd. (India)
- Furukawa
Electric Co., Ltd. (Japan)
- Shanghai Metal
Corporation (China)
- SKC (South
Korea)
- American
Elements (U.S.)
- UACJ Foil
Corporation (Japan)
Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period: 2016-2018
Highlights of the Report
The report presents an exhaustive analysis of the market drivers,
trends, and constraints, along with a comprehensive examination of the regional
prospects and upcoming investment pockets for the market. In addition to this,
the report offers detailed profiling and study of key market players and their
strategies, as well as provides a granular evaluation of all market segments.
Major Driving Factor
Germ-fighting Capacity of Copper to Boost the Market amid COVID-19
The COVID-19 pandemic has created widespread disruptions in the
global supply chains of raw materials, including metals and minerals, such as
copper, silver, and gold. However, the copper foil market growth is unlikely to
get hit by the pandemic in any major way because copper is known to possess
excellent pathogen-fighting properties, which will prove beneficial in battling
the coronavirus. For example, according to a microbiologist at Durham
University, UK, copper releases reactive ions when it comes in contact with a
germ, destroying its exterior and impacting its genetic structure.
Another researcher at the University of Arizona states that copper
can displace metal ions found in the proteins of most pathogens and destroy or
inhibit their production. These capabilities of copper have surged the demand
for copper foil sheets and other coverings in the healthcare industry to fight
COVID and contain its spread in medical facilities.
Top Regional Insights
Strong Manufacturing Infrastructure in China to Brighten the Asia
Pacific Market Outlook
Asia Pacific is expected to dominate the copper foil market share
during the forecast period, supported by the strong and growing manufacturing
infrastructure and technologies of China in the electronics domain. Moreover,
increasing smartphone penetration in India and the widespread deployment of
electric vehicles (EVs) in China will also produce highly lucrative
opportunities for market players. In 2019, the region’s market size stood
at USD 3,622.1 million.
In North America, favorable policies and active private sector
initiatives to expand and strengthen charging infrastructure are anticipated to
skyrocket the demand for copper foil. On the other hand, the market in Europe
will be driven by the rapid advancements in energy storage technologies, where
copper plays a critical role.
Competitive Landscape
Expansion of Geographic Presence to be the Dominant Strategy for
Key Players
The Asia Pacific region is home to a large number of electrical
component manufacturing companies and these organizations are currently shaping
the competitive dynamics of this market. To bolster their presence in the
international arena, these players are aggressively establishing operations
across geographies, especially in Europe and North America, where economic
systems are highly digitized.
Copper Foil Market report Focus on:
- Extensive
product offerings
- Customer
research services
- Robust research
methodology
- Comprehensive
reports
- Latest
technological developments
- Value chain
analysis
- Potential Market
opportunities
- Growth dynamics
- Quality
assurance
- Post-sales
support
- Regular report
updates
Reasons to Purchase this Report:
- Comprehensive
analysis of the market growth drivers, obstacles, opportunities, and other
related challenges.
- Tracks the
developments, such as new product launches, agreements, mergers and
acquisitions, geographical expansions, and joint ventures.
- Identifies
market restraints and boosters.
- Identifies all
the possible segments present in the market to aid organizations in
strategic business planning.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/copper-foil-market-104925
Detailed Table of Content:
- Introduction
- Research Scope
- Market
Segmentation
- Research
Methodology
- Definitions and
Assumptions
- Executive
Summary
- Market Dynamics
- Market Drivers
- Market
Restraints
- Market
Opportunities
- Emerging Trends
- Key Insights
- Key Market
Trends in the Global Market
- Key
Developments: Mergers, Acquisition, Partnership, etc. .
- Latest
Technological Advancement
- Insights on
Regulatory Scenario
- Porters Five
Forces Analysis
- Qualitative Insights
Impact of COVID 19 on Global Copper Foil Market
- Supply Chain
Challenges
- Steps taken by
Government/Companies to overcome this impact
- Potential
opportunities due to COVID-19 outbreak
- Global Copper
Foil Market Analysis, Insights and Forecast, 2017-2028
- Key Findings /
Summary
- Market Size
Estimates and Forecast
- By Application
- Circuit
Boards
- Batteries
- Electromagnetic
Shielding
- Others
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
& Africa
TOC Continued…!
Key Industry Developments:
- November
2020: Doosan
Solus announced the commencement of production of battery copper foil at
its plant in Hungary, constructed in 2019. The company aims at expanding
the plant’s current capacity of 10,000 tons to 75,000 tons to meet the surging
demand in Europe.
- June 2019: Mitsui
Mining & Smelting successfully increased the production capacity of
its plant in Taiwan, where the company will be producing its flagship VSP®
copper foil for high-frequency circuit boards.
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