Electrolytic Copper Foil Market Research Report By Application (Lithium-Ion Batteries, Printed Circuit Boards, Capacitors, Flexible Electronics), By Type (Standard Electrolytic Copper Foil, Reverse Electrolytic Copper Foil), By Thickness (Less than 12 microns, 12-18 microns, More than 18 microns), By Purity (99.9% Pure, 99.95% Pure, 99.99% Pure) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2032

Global Electrolytic Copper Foil Market Overview

The Electrolytic Copper Foil Market Size was estimated at 16.12 (USD Billion) in 2022. The Electrolytic Copper Foil Industry is expected to grow from 17.41 (USD Billion) in 2023 to 34.8 (USD Billion) by 2032. The Electrolytic Copper Foil Market CAGR (growth rate) is expected to be around 8.0% during the forecast period (2024 - 2032).

Key Electrolytic Copper Foil Market Trends Highlighted

Some of the major market trends observed within the Electrolytic Copper Foil market include upward industrialization along with the influx of electric vehicles as well as renewable energy sources. Electric vehicles boom has increased the demand for quality copper foil which is used in the battery packs. Moreover, the increasing usage of solar and wind power has also supplemented the growth of the market since electrolytic copper foil is an important part of solar cells and wind turbines. The growth of the consumer electronics industry has also brought in demand for the market in terms of copper foil for printed circuit boards and other components. Of late, the market has been experiencing a shift to thinner and more pliable copper foil in line with the thin forms of devices and the growth of flexible electronics.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Electrolytic Copper Foil Market Drivers

Growing Demand for Printed Circuit Boards (PCBs)

Printed circuit boards are a vital element of most modern electronic devices, such as smartphones, laptops, and television sets. Electrolytic copper foil is commonly utilized as a conductor in PCBs. The growing demand for such devices is one of the key factors propelling the electrolytic copper foil market expansion. The international PCB market is expected to rise from USD 76.82 billion in 2023 to USD 123.17 billion by 2032, with a compound annual growth rate of 5.9%.Factors leading to the growing demand are augmented adaptation in various types of electronic devices as well as the increasing complexity of the devices. Increased demand for PCBs will most likely drive the demand for electrolytic copper foil in years to come.

Expansion of the Automotive Industry

The automotive industry is a major consumer of electrolytic copper foil. Electrolytic copper foil is used in a variety of automotive applications, such as electrical wiring, batteries, and motors. The automotive industry is expected to grow from USD 2.6 trillion in 2023 to USD 4.5 trillion by 2032, at a CAGR of 6.0%. This growth is being driven by the increasing demand for vehicles in emerging markets, as well as the growing popularity of electric vehicles.The expansion of the automotive industry is expected to continue to drive the demand for electrolytic copper foil in the coming years. Growth of the Renewable Energy Sector The renewable energy sector is another major consumer of electrolytic copper foil. Electrolytic copper foil is used in solar panels and wind turbines, which are key components of renewable energy systems. The renewable energy market is expected to grow from USD 928.04 billion in 2023 to USD 2,348.33 billion by 2032, at a CAGR of 11.5%.This growth is being driven by the increasing demand for renewable energy sources, as well as the decreasing costs of these technologies. The growth of the renewable energy sector is expected to continue to drive the demand for electrolytic copper foil in the coming years.

Technological Advancements

The growth of the electrolytic copper foil market is also supported by technological development. New technologies, including 5G and the Internet of Things that are being introduced and applied on an ever larger scale, increase the demand for electronic devices, which can be produced more effectively on the basis of electrolytic copper foil. Moreover, modern manufacturing technologies that are being developed enable the production of electrolytic copper foil with improved characteristics, such as better conductivity and strength.In the future, technological development is expected to continue supporting the growth of the electrolytic copper foil market.

Electrolytic Copper Foil Market Segment Insights

Electrolytic Copper Foil Market Application Insights 

The Electrolytic Copper Foil Market is segmented by application into Lithium-Ion Batteries, Printed Circuit Boards, Capacitors, and Flexible Electronics. Lithium-Ion Batteries held the largest market share in 2023, accounting for around 45% of the Electrolytic Copper Foil Market revenue. The demand for electric vehicles and consumer electronics is projected to continue increasing, driving the growth of the segment. Such batteries require high-quality copper foil as a current collector, thereby increasing the demand for Electrolytic Copper Foil over the forecast period.The second-largest application is represented by PCBs, contributing to almost 30% of the Electrolytic Copper Foil Market. These boards are used in numerous electronic devices, including smartphones, laptops, and computers. The growing adoption of new technologies, such as 5G and IoT, is set to significantly drive the demand for PCBs throughout the projected period. Capacitors, which are used for energy storage and filtering in electronic circuits, also facilitate the growth of the segment. The growing demand for these components in power electronics, as well as in renewable energy systems, is set to drive the demand for this product throughout the projected period.Flexible Electronics are another rapidly growing segment. The growing popularity of wearable gadgets, such as smartwatches and fitness trackers, is set to drive the demand for these electronics throughout the projected period. In these gadgets, Electrolytic Copper Foil is utilized as a conductor. Overall, the market is set to continue expanding throughout the projected period mainly due to the growing demand for Lithium-Ion Batteries, Printed Circuit Boards, Capacitors, and Flexible Electronics.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Electrolytic Copper Foil Market Type Insights 

The types of the electrolytic copper foil market are considered standard electrolytic copper foil and reverse electrolytic copper foil. Standard electrolytic copper foil is the most common type of electrolytic copper foil. It is used in various applications, such as printed circuit boards (PCBs), flexible printed circuits (FPCs), and other electronic devices. Reverse electrolytic copper foil is a new type of electrolytic copper foil that is made using the reverse method. The reverse electrolytic copper foil is considered to be superior to standard electrolytic copper foil and possesses higher strength and conductivity.The growth of the market is expected to be promoted by the growing demand for electrolytic copper foil emerging from the electronics industry.

Electrolytic Copper Foil Market Thickness Insights 

The Electrolytic Copper Foil Market is segmented based on thickness into less than 12 microns, 12-18 microns, and more than 18 microns. The less than 12 microns segment held the largest market share in 2023, and it is expected to continue to dominate the market over the forecast period. The growth of this segment can be attributed to the increasing demand for thin copper foils in flexible printed circuit boards (FPCBs) and other electronic devices. The 12-18 microns segment is expected to witness significant growth over the forecast period due to the rising demand for copper foils in power electronics and automotive applications.The more than 18 microns segment is expected to grow at a steady pace over the forecast period, driven by the increasing demand for thick copper foils in industrial applications.

Electrolytic Copper Foil Market Purity Insights 

The Electrolytic Copper Foil Market is segmented by Purity into 99.9% Pure, 99.95% Pure, and 99.99% Pure. The 99.9% Pure segment held the largest market share in 2023. The 99.95% Pure segment is expected to grow at the highest CAGR during the forecast period. The growth of the 99.95% Pure segment is attributed to the increasing demand for high-purity copper foil in the electronics industry.

Electrolytic Copper Foil Market Regional Insights 

The Electrolytic Copper Foil Market segmentation by region comprises North America, Europe, APAC, South America, and MEA. North America held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The growth of the regional market is attributed to the increasing demand for electrolytic copper foil in the automotive and electronics industries. Moreover, the presence of major manufacturers in the region is also contributing to the market growth. Europe is the second-largest market for electrolytic copper foil, followed by APAC.The APAC region is expected to witness significant growth in the coming years, owing to the rising demand from the electronics industry in countries such as China and India. South America and MEA are expected to have a moderate growth rate during the forecast period.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Electrolytic Copper Foil Market Key Players And Competitive Insights

Major players in the Electrolytic Copper Foil Market industry are focusing on developing innovative products and expanding their presence. Leading Electrolytic Copper Foil Market players are investing in research and development to improve the performance and quality of their products. The Electrolytic Copper Foil Market is expected to witness significant growth in the coming years, driven by the increasing demand for electronic devices. The competitive landscape of the Electrolytic Copper Foil Market is characterized by the presence of a number of and regional players. Some of the leading players in the Electrolytic Copper Foil Market include Aurubis AG, LS Cable & System Ltd., Mitsui Mining & Smelting Co., Ltd., and JX Nippon Mining & Metals Corporation. These companies are constantly striving to gain a competitive edge by investing in new technologies and expanding their product portfolios.JX Nippon Mining & Metals Corporation is a leading manufacturer of electrolytic copper foil and other copper products. The company has a presence and supplies its products to a wide range of industries, including electronics, automotive, and telecommunications. JX Nippon Mining & Metals Corporation is committed to providing high-quality products and services to its customers and is continuously investing in research and development to improve its products and processes. The company has a strong focus on sustainability and is committed to reducing its environmental impact.Aurubis AG is another major player in the Electrolytic Copper Foil Market. The company is headquartered in Germany and has a presence. Aurubis AG produces a wide range of copper products, including electrolytic copper foil, copper cathodes, and copper wire. The company is committed to providing high-quality products and services to its customers and is constantly investing in research and development to improve its products and processes. Aurubis AG has a strong focus on sustainability and is committed to reducing its environmental impact.

Key Companies in the Electrolytic Copper Foil Market Include

• Cobral


• Nishikawa Sangyo


• Kyowa Dengyo Chemical Co., Ltd.


• Aurubis


• Guangdong Hongda New Material Technology Co., Ltd


• Guangshengxin


• DNM Metals Pvt. Ltd.


• Yihua Group


• AME Advanced Materials


• SKC Kolon


• Dongguan Xinmao Color Aluminium Foil Co., Ltd.


• ENGE


• CMI Co., Ltd.


• Jianli Copper


• Chengyi Copper

Electrolytic Copper Foil Market Industry Developments

The Electrolytic Copper Foil Market is projected to reach USD 34.8 billion by 2032, exhibiting a CAGR of 8.0% during the forecast period (2023-2032). The growth of the market is attributed to increasing demand from the electronics industry, particularly for applications in printed circuit boards (PCBs) and flexible printed circuits (FPCs). The automotive sector is another major consumer of electrolytic copper foil, driven by the rising adoption of electric vehicles. Technological advancements, such as the development of ultra-thin and high-strength copper foils, are further propelling market growth. Recent news highlights include the expansion plans of major players like JX Nippon Mining & Metals and Aurubis AG to meet the growing demand. Furthermore, the market is witnessing strategic collaborations and partnerships to enhance production capabilities and explore new applications.

Electrolytic Copper Foil Market Segmentation Insights 

Electrolytic Copper Foil Market Application Outlook

• Lithium-Ion Batteries


• Printed Circuit Boards


• Capacitors


• Flexible Electronics

Electrolytic Copper Foil Market Type Outlook

• Standard Electrolytic Copper Foil


• Reverse Electrolytic Copper Foil

Electrolytic Copper Foil Market Thickness Outlook

• Less than 12 microns


• 12-18 microns


• More than 18 microns

Electrolytic Copper Foil Market Purity Outlook

• 9% Pure


• 95% Pure


• 99% Pure

Electrolytic Copper Foil Market Regional Outlook

• North America


• Europe


• South America


• Asia Pacific


• Middle East and Africa