Copper Foil Market Key Players, Growth Factors, Share Analysis, Business Opportunities and Forecast 2023
Sep 23, 2020 (AB Digital via COMTEX) —
Market Research Future (MRFR) reveals that the Global Copper Foil Market can earn USD 17,321.8 million at 10.31% CAGR by 2023. As per MRFR analysis, the gradual inclination for green energy and increase in crude oil prices are forces that influenced manufactures to introduce effective electronic solutions. This escalated the demand for copper foil in consumer goods sector and thus, can promote the expansion of the market in the analysis period. The rise in Investments and collaborations among EV manufacturers is likely to add momentum to the market. The decline in the dependency on imports and cut in production costs of Copper Foil are making the manufacturing of automobile and consumer electronics convenient, which, in turn, c can prompt the expansion of the market through the review span. The awareness about lightweight feature of thin Copper Foils and its growing prominence can boost the market in the review period.
Krishna Copper Private Limited (India), Arcotech Ltd. (India), Global Brass and Copper Holdings Ltd. (U.S.), Mitsui Mining & Smelting Co., Ltd. (Japan), Civen Metal Material Co., Ltd. (China), Carl Schlenk AG (Germany), Amari Copper Alloy Ltd. (U.K.), JX Nippon Mining & Metals Corporation (Japan), Rogers Corporation (U.S.), Lamineries Matthey (Switzerland), and Circuit Foil Luxembourg (Luxembourg) are some reputed players operating in the Copper Foil Market as listed by MRFR.
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Ultraflat graphene with surface flatness offer superior insulation property to copper foil, reveals researchers.
The Segment Assessment of the Copper Foil Market is done by Type and Application.
The Type-Based Segment of the Copper Foil Market are rolled Copper Foils and electrodeposited. The electrodeposited foils segment can earn the global market about USD 11,158 million revenue by 2023. The surge in the demand for these Copper Foils to produce rigid circuits and printed circuit boards (PCBs) can facilitate the expansion of the market across the forecast period. The widespread application of PCBs in the consumer electronics sector can drive the expansion of the market. The Rolled copper foils segment can generate USD 6,163.8 million at 8.50% CAGR by 2023.
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The Application-Based Segment of the market are building & construction, electrical & electronics, automotive, industrial equipment, and electrical & electronics among others. The electrical and electronic segment can generate about USD 7,650.1 million by 2023. The substantial valuation increase can be attributed to increase in the demand for lithium-ion batteries and PCBs in consumer electronic gadgets. The rise in ingression of smartphones can boost the expansion of the market in the analysis period. The automotive segment can earn USD 5,457.6 million by 2023 due to the need for Copper Foil in hybrid and electric vehicles.
The Copper Foil Market share across North America is 16.7%, Europe is 18.2%, and Asia Pacific is 53.3%, states MRFR regional analysis. The copper foil market is studied for MEA and Latin America. In APAC, the Copper Foil Market can value at USD 9,648.7 Mn by 2023. The increase in urbanization and surge in the demand for consumer electronic products can promote APAC Copper Foil. In addition, the rise in the demand for domestic production of Copper Foil across developing regions can impact the expansion of the market. The pressing need for miniaturized components for electronics and the shift in focus of producers towards such solutions can expedite APAC Copper Foil Market in the analysis period. The Latin America Copper Foil Market can expand at 9.23% CAGR in the analysis period, as industrialization and adoption of electric vehicles increase.
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