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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.
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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.
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