Copper Foil Market Research Report: By Type (Electrodeposited Copper Foil, Rolled Copper Foil), By Application (Electrical & Electronics, Building & Construction, Industrial Equipment, Automotive Battery, Others) and Region - Global Forecast till 2030

Copper Foil Market Overview

Copper Foil Market is set to handle a valuation rise to USD 17,321.8 Million by 2023 while increasing at 10.31% CAGR in the forecast period as per the copper market analysis made by Market Research Future.

The copper foil market size is projected as 10% for the forecast period. Copper foil is a delicate sheet that is made by rolling copper. High conductivity and electrical features are available in this product. It is used as a conductor for batteries and various circuit boards. The surface of the foil has a low temperature that is suitable for insulating metals. The electromagnetic properties of the foil create high demand in the forecast period. From batteries to electronic products have high adoption of the copper foil.

Tablets, smartphones, PC and medical electronic use copper foils. Hammering, rolling and electrolysis the copper foils are made. The thickness of the copper foils is customizable which creates a high demand for the product. Corrosion resistance and conductivity are salient features of the product. electrodeposited foils segment has demand among the end-users. Foils in the printed circuit have an exceptional need for the product.

Today, famous tech giants are early adopters of copper foils. These conductive foils are cost-effective than any other high-end foils. The versatile applications of the product will cause exceptional growth in the forecast period. In many regions government re encouraging the use of copper foils. It is leading to exceptional exposure for the product. All these factors will increase copper foil market value. 

Covid analysis 

Covid 19 is changing the way businesses work. There is a slowdown in production and demand in many regions. Especially, some markets such as electronics, semiconductors, automotive, conduction and other sectors facing high losses. The copper foil market is facing less demand in this period. The pandemic is declining on copper concentrate shipments to numerous APAC regions. China is facing high losses.

 There is a downfall in the scrap supply chain has been. Scrap imports have dropped in some countries as a result of this development. Also, cathode imports had increased from 2020. The restructuring of the scrap-related policy is changing the situation for copper scrap import. There is a decline in terms of adoption rate in the market. Due to the preference for excellent scrap volume of copper scrap will face growth in the next two years. China's copper consumption is expected to create a positive impact on the market. New developments will take place in the market. 

Market dynamics 

• Crucial market drivers 

Rising demand from the electronic sector will be the crucial driver of the market. The growth of electrical vehicles is massive. The era energy-efficient transports have demand in recent years. Regular vehicles have high energy consumption and they have high carbon emissions. However, electric vehicles are suitable. The growing trends for electrical vehicles will have a positive impact on copper foils. Most electric vehicles are battery-powered.

The use of copper foils in these operations will boost the demand in the market. The expansion of the copper foils market is high due to the launch of electrical vehicles. Increasing demand for circuit boards will create high growth opportunities in the market. Printed circuit boards have a higher demand for electrical products. Today Electronics market is creating complicated products that require fabrication.

The advancements in the electrical circuit boards will create a high growth opportunity. Government support in the electric market will contribute to the demand of the market. Emerging economies such as Asia pacific have a high demand for the market. The demand from China will create a high supply in the market. Adoption and expansion in the market will create high demand in the forecast period. 

• The market growth opportunities 

The automotive sectors offer copper foil market growth opportunities for the market. Automotive investments in the market are growing. It is a sector that is making high research on the effective use of copper foils in vehicles. The rising research of automakers will create new developments in the market. Further, the emergence of high-precision technology to make rolled copper foil with suitable thickness is rising. These developments will increase revenue. The development of high-performance rolled copper foil with high mechanical strength receives a demand from various end-users.

 As a result, it is widely employed in lithium-ion batteries, boosting market expansion. Lithium In batterers has a higher lifecycle. They can perform for many more hours than the regular batteries. The key reason for this is the use of copper foils in this market. This rising use of cooer foils in lithium-ion batteries will create more scope for the market. Furthermore, consumer gadgets such as cell phones and laptops have become increasingly important, particularly during the coronavirus pandemic. The demand for printed circuit boards are utilized in consumer electronics is rising. All these developments will boost the operations of this market. Demand and supply will exceed in the forecast period. 

• The market restraints 

A significant part of the copper foils market is raw materials. The functions of this device are inadequate without proper raw materials. The market's constraining element is the demand for highly specified raw materials. A disadvantage is a specialised requirement for raw materials. The availability of raw materials in the region is inconsistent.

Silicone, electronic components, foil components, and other basic materials are all difficult to work with. Growth might be hampered by a shortage of appropriate raw materials. The covid 19 situation has resulted in a scarcity of raw resources and low market production. Future difficulties may result in a lack of such resources. As a result, demand and revenue in the factor market are low. 

• The market challenges 

The high cost of copper foil is a challenging factor. Due to the covid 19 and shipment challenges, the price of copper foil. Their demand is dropping in recent years. The profit margin has been unpredictable for the market.

It is causing significant players to postpone their investments. Many significant players are currently unable to invest in the sector due to a lack of finances. This market is challenged by the high investment costs associated with copper foil production. As a result, the rate of production and demand may decrease. The market's overall expansion rate is slowing. Further, development in the alternatives for the market will decline in demand for the market. 

• Cumulative growth analysis 

The copper foil market trends is steady for the forecast period. Electrodeposited foils have high demand in the forecast period. The lithium in the application has high higher adoption rate in the forecast period. Crucial drivers of the copper foil market are rising demand from the electronics sector. The adoption of copper foils is high.

Especially, electric vehicles have a high adoption rate for the market. However, the high rate of raw materials cans restraint the demand in the region. Also, the alternatives of the copper coil will create more challenges. However, growth is sustainable with high growth opportunities in the market. 

• Value chain analysis 

The Asia Pacific region will hold copper foil market share. This region's consumer electronics business is expanding. In the Asia-Pacific area, there are several prospects for growth and expansion. China and Japan are two of the most important manufacturers, with strong demand for copper foils. 

During the forecast period, millions of dollars are expected to be invested in the industry. The region's strong development is due to the region's favourable economic conditions. This region's output, investment, and supply chain are expected to improve. All of this contributes to the Asia Pacific wafer manufacturing market's high revenue rates.

Segment overview 

Copper foil market by copper foil is

• Rolled


• Electrodeposited

Copper foil market by applications are

• Printed Circuit Boards


• Batteries


• Electromagnetic Shielding


• Others

Copper foil market by the end-user 

• Electrical and Electronics


• Automotive


• Industrial Equipment


• Building and Construction


• Medical


• Aerospace and Defence


• Others

By geography 

• Latin America 


• Asia pacific 


• North America 


• Europe 

Regional analysis

The Asia Pacific area is experiencing strong growth for copper foils. The increased demand for copper foils has a variety of applications. Consumer gadgets, smartphones demand is increasing due to increasing disposable income. The region has exceeding demand due to growing countries. This contributes to the market expansion.

Furthermore, the expanding use of electric vehicles such as e-scooters in countries such as India and China will create demand. Rising crude oil prices are driving up the need for copper foils, propelling the industry forward. Europe and other regions will have high shares in the forecast period. Also, North America is the early adopter of copper foils. Demand from various user ends will contribute to exceptional growth. Also, the entire regional player will perform well in the forecast period. 

The key players of the copper foils market are 

1. Amari Copper Alloy Ltd. (U.K.)


2. Circuit Foil Luxembourg (Luxembourg)


3. Ecotech Ltd. (India)


4. Given Metal Material Co., Ltd. (China)


5. Global Brass and Copper Holdings Ltd. (U.S.)


6. JX Nippon Mining & Metals Corporation (Japan)


7. Luminaries Matthey (Switzerland)


8. Rogers Corporation (U.S.)


9. Carl Schlenk AG (Germany)

Recent Developments

• November 21- Solus Advanced Materials is expanding its business to North America. The company has a well-established position in the Canadian copper foil market. The South Korean battery foil maker earlier called Doosan Solus revealed that it had bought a copper foil plant site with a yearly production capacity of 60,000 tons in Quebec, Canada.
  The plant was earlier a Solus property. Built in 2001 by its European unit Circuit Foil Luxembourg, the firm finished operation in 2014, when South Korean conglomerate Doosan acquired it. Doosan had barred the facility at the time of the acquisition.


• May 2021- LG Chem has bought shares worth 40 billion won (USD35.5 million) in a Chinese firm that manufactures copper foils for electric vehicle batteries, Jiujiang DeFu Technology.
  A copper foil refers to a sheet, which is 15 times thinner than a strand of hair. Copper foil is the battery’s negative side or where electricity flows in the battery’s anodes. The thinness of the copper foil decides the number of items to be packed inside, making batteries more powerful.


• Dec 2020 South Korea's Iljin Materials will construct a 3.8-billion-forint (EUR 10.7) copper foil factory in Gödöllő, on the borders of the capital, to provide Samsung SDI's mounting local manufacture capacity for electric vehicle batteries. The administration is backing the building of the plant, which will have a yearly output of about 10,000 tonnes, with a 722-million-forint grant. Numerous South Korean battery producers have set up plants in Hungary with the biggest capacities in the world.

• Nov 2020 Co-Tech Development,a Taiwan-based copper foil maker might observe its consignments for high-frequency and high-speed CCL uses rise 20% on year in 2021, largely driven by the introduction of Intel's new Whitley CPU platform in the first-quarter of  2021.

• Nov 2020 Doosan Solus Co., a South Korean copper foil maker, said recently that it has begun battery cooper foil's commercial manufacture at its Hungary factory. Doosan Solus in last August, finished its battery copper foil factory in Hungary with a volume of 10,000 tons. The firm plans to upsurge its yearly production capability to 75,000 tons by 2025 to meet rising demand for battery copper foil in the European regional market.

Report overview 

1. Market overview highlights 


2. Analysis based upon COVID 19


3. Explanation upon the Market Dynamics


4. Value chain analysis


5. Market segmentation overview


6. The regional analysis


7. Competitive landscape analysis


8. Recent Developments

Report Scope:

Report Attribute/Metric	Details
Market Size	2027: USD 17,321.8 Million 2030 : Significant value
CAGR	10.31% CAGR
Base Year	2021
Forecast Period	2022 to 2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Material Type, Application and End-Use
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Amari Copper Alloy Ltd. (U.K.),Global Brass and Copper Holdings Ltd. (U.S.),Arcotech Ltd. (India),Civen Metal Material Co., Ltd. (China),JX Nippon Mining & Metals Corporation (Japan),Carl Schlenk AG (Germany),Lamineries Matthey (Switzerland),Rogers Corporation (U.S.),Krishna Copper Private Limited (India),Mitsui Mining & Smelting Co., Ltd. (Japan), Circuit Foil Luxembourg (Luxembourg)
Key Market Opportunities	Reduce the dependency on imports and curtail production costs is estimated to unlock considerable growth options.
Key Market Drivers	Increased development in the electrical & electronics sector and subsequent demand.

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