Energy & Chemicals Industry Analysis

Global Copper Foils market to Surge at 7.27% CAGR, which is anticipated to reach USD 26.81 billion by 2030.

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CRI Report has released a report titled “Copper Foils market – Analysis of Market Size, Share & Trends for 2020 – 2030 and Forecasts to 2030” which is anticipated to reach USD 26.81 billion by 2030. According to a study by CRI Report, the market is anticipated to portray a CAGR of 7.27% between 2020 and 2030. Internet penetration is expected to continue to be an indirect growth factor for the industry. In both developing and developed countries, internet usage is rapidly rising, resulting in increased demand for mobile devices, laptops, tablets, and PCs. Cheap data plans, improved broadband availability, and more knowledge as a result of government programs are all helping to close the digital divide in growing countries like India. Printed circuit boards, which are used in a variety of electronics and digital devices, utilize electronic grade copper foil.

The market report on Global Copper Foils market includes in-depth insights as:

  • The estimated value of the market was USD 13.30 billion in the year 2020.
  • Region-wise, the market in Asia Pacific which held the largest market share in the year 2020, emerged as a key market for Copper Foils market.
  • Based on Application, Batteries emerged as a key segment in the Global Copper Foils market.
  • Based on End-User, the electrical & electronics segment emerged as a key segment in the Global Copper Foils market.
  • Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.

“The global copper foil market is being driven by the growth of the electronics sector, which includes a wide range of electronic systems and gadgets. This is due to the usage of copper foil in printed circuit boards (PCBs), which are utilized in a wide range of modern electronics applications, from consumer electronics to military electronics like navigation, missiles, and surveillance. A significant portion of the global military budget is channeled toward the purchase of new electronic systems or the upgrade of current ones.”, according to this report

Copper foil is a thin sheet of copper with a thickness of a few microns that is created by rolling copper sheets or electroplating. Copper is an excellent electrical conductor and is both malleable and ductile. Copper may be produced into very thin sheets as a result of this process. It’s found in printed circuit boards (PCBs) in telecommunications devices like PCs and cellphones. It may also be used as a substrate for covering anode materials in lithium-ion batteries.

Global Copper Foils market is segmented by Application into Printed Circuit Boards, Batteries and Electromagnetic Shielding. In terms of both volume and revenue, the batteries application category is expected to expand at the quickest rate from 2020 to 2030. The growing need for electric and hybrid cars, as well as energy storage, is propelling the copper foil industry forward. Batteries offer a lot of potential for reducing carbon emissions in the transportation and electricity sectors.

Key Players in the Market

  • Some of the key players operating in the Global Copper Foils market are Doosan Group, ENEOS Holdings Inc., Fukuda Metal Foil & Powder Co. Ltd, Furukawa Electric Co. Ltd., Iljin Materials Co. Ltd., Mitsui Mining & Smelting Co. Ltd, Rogers Corporation, SKC, Sumitomo Metal Mining Co. Ltd, Targray Technology International Inc., UACJ Foil Corporation.

Get Valuable Insights into Global Copper Foils market

In the new report, CRI Report thrives to present an unbiased analysis of the Global Copper Foils market that covers the historical demand data as well as the forecast figures for the period, i.e., 2020-2030. The study includes compelling insights into growth that is witnessed in the market. The market is segmented by Product Type into Rolled Copper Foil, Electrodeposited Copper Foil. By Application into Printed Circuit Boards, Batteries, Electromagnetic Shielding. By End-user Industry into Electrical & Electronics, Automotive, Industrial Equipment, Building & Construction, Others. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa.

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