Product Code: GVR-4-68038-909-8
Copper Foil Market Growth & Trends:
The global copper foil market size is anticipated to reach USD 22.00 billion by 2030 and is anticipated to expand at a CAGR of 11.9% during the forecast period, according to a new report by Grand View Research, Inc. Increasing adoption of renewable energy sources and electric vehicles (EVs), as a part of decarbonization efforts, is projected to fuel the growth of global market for copper foil.
Copper foil functions as the electrical conductor of printed circuit board (PCB). Rising demand for PCBs, due to the aforementioned application of copper foil in them, is likely to play a crucial role in influencing demand for copper foil. PCBs are essential building blocks in electronics manufacturing. As electronic devices become more complex and intelligent, there is an ever-growing demand for PCBs. As a result, rising demand for smart devices is likely to propel growth of the industry.
Use of copper results in reduced carbon emissions and cuts down amount of energy required to generate electricity. There is six times more copper in renewable energy systems than in traditional systems. Hence, growing adoption and transition towards green energy in infrastructure development, such as electric vehicles (EVs) and electricity generation is anticipated to benefit market growth. According to the IEA, the global sales of EVs reached 10.3 million units in 2022 compared to 6.7 million units in 2021 and 3.2 million units in 2020. Global sales are expected to have touched 14.1 million units in 2023; however, actual statistics are yet to be published.
Copper is a commodity that has historically witnessed high price volatility during the historic period of 2018-2022. Fluctuations in prices of copper cathode are expected to have a bearing on the profitability of the producer. Further, hikes in energy prices, supply constraints, and high demand from end-use industries are expected to put pricing pressure on the global market and affect smelter profitability and revenue performances of foil producers over the forecast period. Hence, price volatility of copper is expected to be a significant restraint to the revenue performance of the market.
The market is very competitive, with a strong presence of several large-sized players, such as Nippon Denkai, Ltd., SKC, and Lotte Energy Materials Corporation. Due to growth of end-use applications, players have been investing in increasing their capacities through greenfield projects. For instance, in August 2023, Lotte Energy Materials Corporation announced that it would build a new foil plant in Spain and would be operational in 2025.
Copper Foil Market Report Highlights:
- Based on product, rolled foil held a maximum revenue share of over 55.0% in 2023 and is expected to grow at a significant CAGR over the forecast period due to its high consumption in batteries, solar panels, and IoT-enabled services, among others
- Based on application, batteries segment is expected to grow at a lucrative pace over the forecast period owing to the growing EV industry
- In solar & alternative energy, tin-plated copper foils in combination with acrylic-based pressure-sensitive adhesive tapes, are used in thin-film solar applications. These are solderable, and their usage provides stable electrical performance and is also easy to work with during the solar panel production process
- Asia Pacific dominated the market owing to several countries in region focusing on reducing their carbon emissions by shifting their attention toward the adoption of renewable energy. For instance, according to the International Trade Administration, Taiwan plans to cater to 20% of its energy requirements from renewable sources by 2025. It is expected to harness 20 GW of solar energy by 2025
- In January 2024, Hungary-based Volta Energy Solutions announced its geographic expansion into North American market by building a new battery copper foils plant in Quebec, Canada to cater to a fast-growing EV segment. It is a developer of world's first electrodeposited copper foils for batteries
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Copper Foil Market Variables, Trends & Scope
- 3.1. Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Trends
- 3.2.2. Copper Mine Production Trends
- 3.2.3. Sales Channel Analysis
- 3.3. Manufacturing & Technology Overview
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Industry Challenges
- 3.5.4. Industry Opportunities
- 3.6. Industry Analysis Tools
- 3.6.1. Porter's Five Forces Analysis
- 3.6.2. PESTEL Analysis
Chapter 4. Copper Foil Market: Product Estimates & Trend Analysis
- 4.1. Product Movement Analysis & Market Share, 2023 & 2030
- 4.2. Electrodeposited
- 4.2.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 4.3. Rolled
- 4.3.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Copper Foil Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.2. Circuit Boards
- 5.2.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.3. Batteries
- 5.3.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.4. Solar & Alternative Energy
- 5.4.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.5. Electrical Appliances
- 5.5.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.6. Medical
- 5.6.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 5.7. Other Applications
- 5.7.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Copper Foil Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2023 & 2030
- 6.2. North America
- 6.2.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.2. Market Estimates and Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.3. Market Estimates and Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Key country dynamics
- 6.2.4.2. Market Estimates & Forecasts, 2018 - 2030, (Kilotons) (USD Million)
- 6.2.4.3. Market Estimates & Forecasts, By Product, 2018 - 2030, (Kilotons) (USD Million)
- 6.2.4.4. Market Estimates & Forecasts, By Application, 2018 - 2030, (Kilotons) (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Key country dynamics
- 6.2.5.2. Market Estimates & Forecasts, 2018 - 2030, (Kilotons) (USD Million)
- 6.2.5.3. Market Estimates & Forecasts, By Product, 2018 - 2030, (Kilotons) (USD Million)
- 6.2.5.4. Market Estimates & Forecasts, By Application, 2018 - 2030, (Kilotons) (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Key country dynamics
- 6.2.6.2. Market Estimates & Forecasts, 2018 - 2030, (Kilotons) (USD Million)
- 6.2.6.3. Market Estimates & Forecasts, By Product, 2018 - 2030, (Kilotons) (USD Million)
- 6.2.6.4. Market Estimates & Forecasts, By Application, 2018 - 2030, (Kilotons) (USD Million)
- 6.3. Europe
- 6.3.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.2. Market Estimates and Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.3. Market Estimates and Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Key country dynamics
- 6.3.4.2. Market Estimates & Forecasts, 2018 - 2030, (Kilotons) (USD Million)
- 6.3.4.3. Market Estimates & Forecasts, By Product, 2018 - 2030, (Kilotons) (USD Million)
- 6.3.4.4. Market Estimates & Forecasts, By Application, 2018 - 2030, (Kilotons) (USD Million)
- 6.3.5. UK
- 6.3.5.1. Key country dynamics
- 6.3.5.2. Market Estimates & Forecasts, 2018 - 2030, (Kilotons) (USD Million)
- 6.3.5.3. Market Estimates & Forecasts, By Product, 2018 - 2030, (Kilotons) (USD Million)
- 6.3.5.4. Market Estimates & Forecasts, By Application, 2018 - 2030, (Kilotons) (USD Million)
- 6.3.6. France
- 6.3.6.1. Key country dynamics
- 6.3.6.2. Market Estimates & Forecasts, 2018 - 2030, (Kilotons) (USD Million)
- 6.3.6.3. Market Estimates & Forecasts, By Product, 2018 - 2030, (Kilotons) (USD Million)
- 6.3.6.4. Market Estimates & Forecasts, By Application, 2018 - 2030, (Kilotons) (USD Million)
- 6.3.7. Russia
- 6.3.7.1. Key country dynamics
- 6.3.7.2. Market Estimates & Forecasts, 2018 - 2030, (Kilotons) (USD Million)
- 6.3.7.3. Market Estimates & Forecasts, By Product, 2018 - 2030, (Kilotons) (USD Million)
- 6.3.7.4. Market Estimates & Forecasts, By Application, 2018 - 2030, (Kilotons) (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.2. Market Estimates and Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.3. Market Estimates and Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.4.4. China
- 6.4.4.1. Key country dynamics
- 6.4.4.2. Market Estimates & Forecasts, 2018 - 2030, (Kilotons) (USD Million)
- 6.4.4.3. Market Estimates & Forecasts, By Product, 2018 - 2030, (Kilotons) (USD Million)
- 6.4.4.4. Market Estimates & Forecasts, By Application, 2018 - 2030, (Kilotons) (USD Million)
- 6.4.5. Japan
- 6.4.5.1. Key country dynamics
- 6.4.5.2. Market Estimates & Forecasts, 2018 - 2030, (Kilotons) (USD Million)
- 6.4.5.3. Market Estimates & Forecasts, By Product, 2018 - 2030, (Kilotons) (USD Million)
- 6.4.5.4. Market Estimates & Forecasts, By Application, 2018 - 2030, (Kilotons) (USD Million)
- 6.4.6. India
- 6.4.6.1. Key country dynamics
- 6.4.6.2. Market Estimates & Forecasts, 2018 - 2030, (Kilotons) (USD Million)
- 6.4.6.3. Market Estimates & Forecasts, By Product, 2018 - 2030, (Kilotons) (USD Million)
- 6.4.6.4. Market Estimates & Forecasts, By Application, 2018 - 2030, (Kilotons) (USD Million)
- 6.4.7. South Korea
- 6.4.7.1. Key country dynamics
- 6.4.7.2. Market Estimates & Forecasts, 2018 - 2030, (Kilotons) (USD Million)
- 6.4.7.3. Market Estimates & Forecasts, By Product, 2018 - 2030, (Kilotons) (USD Million)
- 6.4.7.4. Market Estimates & Forecasts, By Application, 2018 - 2030, (Kilotons) (USD Million)
- 6.4.8. Taiwan
- 6.4.8.1. Key country dynamics
- 6.4.8.2. Market Estimates & Forecasts, 2018 - 2030, (Kilotons) (USD Million)
- 6.4.8.3. Market Estimates & Forecasts, By Product, 2018 - 2030, (Kilotons) (USD Million)
- 6.4.8.4. Market Estimates & Forecasts, By Application, 2018 - 2030, (Kilotons) (USD Million)
- 6.5. Central & South America
- 6.5.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.2. Market Estimates and Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.3. Market Estimates and Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Key country dynamics
- 6.5.4.2. Market Estimates & Forecasts, 2018 - 2030, (Kilotons) (USD Million)
- 6.5.4.3. Market Estimates & Forecasts, By Product, 2018 - 2030, (Kilotons) (USD Million)
- 6.5.4.4. Market Estimates & Forecasts, By Application, 2018 - 2030, (Kilotons) (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market Estimates and Forecasts, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.2. Market Estimates and Forecasts, By Product, 2018 - 2030 (Kilotons) (USD Million)
- 6.6.3. Market Estimates and Forecasts, By Application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Copper Foil Market - Competitive Landscape
- 7.1. Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Ranking, 2023
- 7.4. Company Heat Map
- 7.5. Strategy Mapping
- 7.6. Company Profiles/Listings
- 7.6.1. Chang Chun Group
- 7.6.1.1. Participant's overview
- 7.6.1.2. Financial performance
- 7.6.1.3. Product benchmarking
- 7.6.1.4. Recent developments
- 7.6.2. Circuit Foils
- 7.6.2.1. Participant's overview
- 7.6.2.2. Financial performance
- 7.6.2.3. Product benchmarking
- 7.6.2.4. Recent developments
- 7.6.3. Doosan Corporation Electro-Materials
- 7.6.3.1. Participant's overview
- 7.6.3.2. Financial performance
- 7.6.3.3. Product benchmarking
- 7.6.3.4. Recent developments
- 7.6.4. Furukawa Electric Co., Ltd.
- 7.6.4.1. Participant's overview
- 7.6.4.2. Financial performance
- 7.6.4.3. Product benchmarking
- 7.6.4.4. Recent developments
- 7.6.5. Lingbao
- 7.6.5.1. Participant's overview
- 7.6.5.2. Financial performance
- 7.6.5.3. Product benchmarking
- 7.6.5.4. Recent developments
- 7.6.6. Lotte Energy Materials Consumption
- 7.6.6.1. Participant's overview
- 7.6.6.2. Financial performance
- 7.6.6.3. Product benchmarking
- 7.6.6.4. Recent developments
- 7.6.7. LS Mtron
- 7.6.7.1. Participant's overview
- 7.6.7.2. Financial performance
- 7.6.7.3. Product benchmarking
- 7.6.7.4. Recent developments
- 7.6.8. Nippon Denkai, Ltd.
- 7.6.8.1. Participant's overview
- 7.6.8.2. Financial performance
- 7.6.8.3. Product benchmarking
- 7.6.8.4. Recent developments
- 7.6.9. SKC
- 7.6.9.1. Participant's overview
- 7.6.9.2. Financial performance
- 7.6.9.3. Product benchmarking
- 7.6.9.4. Recent developments
- 7.6.10. UACJ Foil Corporation
- 7.6.10.1. Participant's overview
- 7.6.10.2. Financial performance
- 7.6.10.3. Product benchmarking
- 7.6.10.4. Recent developments