Global Copper Foil Market to Reach US$ 10.5 Billion by 2032, Bolstered by Improving 5G Infrastructure

February 15, 2022 | Chemical & Materials

The latest report by IMARC Group, titled “Copper Foil Market Report by Product Type (Rolled Copper Foil, Electrodeposited Copper Foil), Application (Printed Circuit Boards, Batteries, Electromagnetic Shielding, and Others), End Use Industry (Aerospace and Defense, Automotive, Building and Construction, Electrical and Electronics, Industrial Equipment, Medical, and Others), and Region 2024-2032,” finds that the global copper foil market reached a value of US$ 6.1 Billion in 2023. Copper foil is a thin sheet produced by the deposition of copper particles from a solution onto a rotating titanium drum. It is obtained by electrodeposition, which allows the copper to be formed into extremely thin sheets. Copper foil is usually utilized in printed circuit boards (PCBs) to be installed in telecommunications equipment such as PCs and mobile phones. It also finds application as a substrate for coating anode materials in Li-ion batteries. Copper foils provide high electric conductivity and are also ductile and malleable. The material is increasingly used in stained glass, EMI/RFI shielding, arts and craft, motors, labels, batteries, plasma displays, and electronics.

Global Copper Foil Market Trends: 

The market is primarily driven by the rising demand for mobile devices, laptops, tablets, and computers that utilize the internet. The availability of cheap data plans, increased bandwidth and improved 5G infrastructure is also fueling the market growth. Factors such as rapid urbanization are increasing the need for electronics, including washing machines, ovens and refrigerators, that are lightweight and offer advanced functions. Besides this, governments across various countries are extensively investing in decreasing greenhouse gas (GHG) emissions from internal combustion engines (ICE), which has increased the popularity of electric vehicles (EVs) among consumers. This has led to increased utilization of high-end copper foils for lithium-ion batteries. Besides this, copper foils are widely used in decorative materials, such as gold signs, tile mosaic, and handicrafts, which is propelling the market growth. Furthermore, several leading players are focusing on product differentiation by improving the surface properties of the copper foil, developing new surface treatment coatings, and achieving smaller thickness and weight for numerous applications, thereby creating a positive outlook for the market. Looking forward, the market is expected to reach a value of US$ 10.5 Billion by 2032, exhibiting a CAGR of 6.2% during the forecast period (2024-2032).

Market Summary: 

  • Based on the product type, the market has been segmented into rolled and electrodeposited copper foil.
  • On the basis of the application, the market has been classified into printed circuit boards, batteries, electromagnetic shielding, and others.
  • The market has been categorized based on the end use industry into aerospace and defense, automotive, building and construction, electrical and electronics, industrial equipment, medical, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being Carl Schlenk AG, Chang Chun Group, Furukawa Electric Corporation Limited, ILJIN Materials Corporation Limited, JX Nippon Mining & Metals Corporation (ENEOS Holdings Inc.), LS Mtron Corporation Limited, Mitsui Mining & Smelting Corporation Limited, Nippon Denkai Limited, Rogers Corporation, SKC Corporation Limited, Sumitomo Metal Mining Corporation Limited, Targray Technology International Inc., and UACJ Corporation.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Product Type, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
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Global Copper Foil Market to Reach US$ 10.5 Billion by 2032, Bolstered by Improving 5G Infrastructure
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