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Global Copper Foil Market to Grow at a CAGR of 9.5% During 2021-2026, Aided by the Thriving Aerospace Industry

According to a new report by EMR titled, ‘Global Copper Foil Market Report and Forecast 2021-2026’, the market attained a value of about USD 11.8 billion in 2020. The industry is further expected to grow at a CAGR of 9.5% in the forecast period of 2021-2026 to reach a value of nearly USD 20.34 billion by 2026.

Copper foils are widely used in the aerospace industry to protect applications and electrical systems. Copper foil tapes have a low rate of resistance, due to which they can be used in the conduction of electricity, such as wrapping cables. Their high malleability and tensile strength enable them to be used with low-surface energy substrates. These uses are contributing significantly to the market growth for copper foil. Moreover, copper foils are also used in shielding and grounding electrical systems, which are increasing their use in the aerospace industry, hence aiding the industry growth. The corrosion resistant property of copper foil is surging its use in surface mounting. This is increasing the deployment of copper foil in OEMs and is further propelling the market growth.

Doosan Corporation (KRX:000150), one of the leading companies in the market, commenced production of battery copper foil in Hungary in November 2020. The plant has a capacity of 10,000 tons and was completed in August 2019. The company planned to increase annual production capacity at the plant to 75,000 tonnes by 2025 to meet the growing demand for copper foil in Europe. The Hungary plant produces battery copper foils with the technical cooperation of its subsidiary Circuit Foil Luxembourg, which developed the first battery copper foil. Moreover, the company secures the plant’s quality safety and price competitiveness to increase the demand for the battery copper foil. Such measures by major companies are anticipated to increase the use of copper foils, therefore providing impetus to the growth of the copper foil industry in the forecast period.

Market Analysis by Product Type, Application, End Use, and Region:

  • The market, on the basis of product type, can be divided into rolled and electrodeposited.
  • Based on application, the industry can be divided into printed circuit boards, batteries, and electromagnetic shielding, among others.
  • The end uses of copper foil include electrical and electronics, automotive, industrial equipment, building and construction, medical, and aerospace and defence, among others.
  • The regional markets for copper foil include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The use of high-precision technologies to develop superior rolled copper foil with optimal thickness is aiding the market growth for copper foil.
  • The market is being driven by the rising use of copper foil in automobiles to carry data and supply electrical powers.
  • The use of printed circuit boards in connected vehicles to connect automobiles to computing devices like smartphones is augmenting the growth of the copper foil industry.
  • The rising demand for lithium-ion batteries in various applications, including electric vehicles, is increasing the use of copper foil, therefore invigorating the industry growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global copper foil market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the product types, applications, end uses, and regions of copper foil.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The market report also analyses the trade data by covering the major importing and exporting countries. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global market for copper foil are Carl Schlenk AG, Doosan Corporation, Furukawa Electric Co. Ltd., JXTG Holdings Inc., and Mitsui Mining & Smelting Co. Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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