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 size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Copper Foil
Copper foil is a thin sheet of copper metal, commonly available in various thicknesses and grades. It is manufactured from methods like electrodeposition, rolling, or chemical vapor deposition. It serves as the conductive layer where electrical connections are made, which facilitates the functionality of electronic devices like smartphones, computers, and televisions. It offers excellent electrical conductivity, thermal properties, and malleability. It is used as a current collector and a key component in batteries, specifically lithium-ion batteries. It is also utilized in electromagnetic shielding to block or absorb electromagnetic radiation, thus preventing interference with electronic devices.
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.
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What are the growth prospects and trends in the copper foil industry?
The increasing usage of copper foil in solar cells due to its high conductivity and corrosion resistant properties represents one of the primary factors bolstering the market growth around the world.
In addition, the rising utilization of copper foil for electromagnetic shielding in various industries, including healthcare and military applications, to block or attenuate electromagnetic radiation, which protects sensitive electronic components and data from interference, is favoring the growth of the market.
Apart from this, the growing employment of copper foil in the automotive sector for components like electric motors and wiring systems on account of its high conductivity, which aids in energy efficiency, is influencing the market positively.
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
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.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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