Copper Foil Market Industry Trends, Sales Revenue, Industry Growth, Development Status, Top Leaders, Future Plans and Opportunity Assessment 2028
The global copper foil market size is projected toreach USD 10,375.6 million by 2028, exhibiting a CAGR of 7.9% during the forecast period. According to a recent report by Fortune BusinessInsights™, titled “CopperFoil Market Size, Share & COVID-19 Impact Analysis, By Application (CircuitBoards, Batteries, Electromagnetic Shielding, and Others) and RegionalForecast, 2021-2028”, the value of the market stood at USD 5,703.0million in 2020.
Increasing Smartphone Adoption to Favor Market Growth
Economic growth and development in several countries can be seenin the soaring demand for electronic products, especially smartphones, over thelast decade. A 2019 survey by Pew Research Center revealed that over 5 billionpeople around the globe own mobile devices and more than 50% of these aresmartphones. Further, a GSMA report cited by the World Economic Forum in 2019predicts that by 2025 global smartphone ownership will rise to 79% from thecurrent 60%.
Growing smartphone production will hugely benefit this marketbecause the copper foil is an essential component in any electrical device. Itis primarily used in circuit boards, which are installed in all kinds ofelectrical devices, to send and receive electrical signals. Expandingsmartphone ownership will, thus, bolster the prospects of this market.
Key Market Segments
Based on application, the market has been segmented into circuitboards, batteries, electromagnetic shielding, and others. In 2020, theelectromagnetic shielding segment held a share of 9.7% in theglobal market and a share of 7.3% in the China market.
On the basis of geography, the market has been grouped into NorthAmerica, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
List of the Leading Companies Profiled in the Global Copper FoilMarket 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 regionalprospects and upcoming investment pockets for the market. In addition to this,the report offers detailed profiling and study of key market players and theirstrategies, 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 theglobal supply chains of raw materials, including metals and minerals, such ascopper, silver, and gold. However, the copper foil market growth is unlikely toget hit by the pandemic in any major way because copper is known to possessexcellent pathogen-fighting properties, which will prove beneficial in battlingthe coronavirus. For example, according to a microbiologist at DurhamUniversity, UK, copper releases reactive ions when it comes in contact with agerm, destroying its exterior and impacting its genetic structure.
Another researcher at the University of Arizona states that coppercan displace metal ions found in the proteins of most pathogens and destroy orinhibit their production. These capabilities of copper have surged the demandfor copper foil sheets and other coverings in the healthcare industry to fightCOVID and contain its spread in medical facilities.
Top Regional Insights
Strong Manufacturing Infrastructure in China to Brighten the AsiaPacific Market Outlook
Asia Pacific is expected to dominate the copper foil market shareduring the forecast period, supported by the strong and growing manufacturinginfrastructure and technologies of China in the electronics domain. Moreover,increasing smartphone penetration in India and the widespread deployment ofelectric vehicles (EVs) in China will also produce highly lucrativeopportunities for market players. In 2019, the region’s market size stoodat USD 3,622.1 million.
In North America, favorable policies and active private sectorinitiatives to expand and strengthen charging infrastructure are anticipated toskyrocket the demand for copper foil. On the other hand, the market in Europewill be driven by the rapid advancements in energy storage technologies, wherecopper plays a critical role.
Competitive Landscape
Expansion of Geographic Presence to be the Dominant Strategy forKey Players
The Asia Pacific region is home to a large number of electricalcomponent manufacturing companies and these organizations are currently shapingthe competitive dynamics of this market. To bolster their presence in theinternational arena, these players are aggressively establishing operationsacross geographies, especially in Europe and North America, where economicsystems 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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