The global Copper Foil Market size is set to reach USD 6,732.3 million in 2023. Overall sales of copper foil are likely to surge at 7.4% CAGR, taking the forecasted market valuation to USD 13,746.9 million by the end of 2033.
The copper foil market is currently experiencing several trends that are driving growth and shaping the industry. One of the most significant trends is the growing demand from the electronics industry, as copper foil is an essential component in the production of printed circuit boards and lithium-ion batteries.
With the increasing demand for consumer electronics and mobile devices, this trend is expected to continue to drive growth in the market.
Another important trend is the increasing adoption of copper foil in electric vehicles. As more and more people adopt electric vehicles, there is a growing demand for high-performance lithium-ion batteries, which rely heavily on copper foil sheets and rolls.
Manufacturers are developing new copper foil products with advanced properties, such as high thermal conductivity and excellent flexibility, to meet the needs of this growing market.
Advancements in copper foil technology are also driving innovation in the market. Manufacturers are developing new manufacturing processes and advanced materials to produce copper foil with improved properties, such as low dielectric loss and high conductivity. This is driving the development of new, high-performance copper foil products that are well-suited for a wide range of applications.
In addition, there is a growing focus on sustainability in the copper foil market, with many companies adopting eco-friendly manufacturing processes and promoting the use of recycled materials. This is driving the development of new, sustainable copper foil products that are more environmentally friendly and cost-effective.
The copper foil market is experiencing significant growth in emerging economies such as China, India and Southeast Asia. Rapid industrialization and urbanization in these regions are driving demand for copper foil in various applications, such as electronics, energy, and construction.
| Attributes | Details |
|---|---|
| Copper Foil Market CAGR (2023 to 2033) | 7.4% |
| Copper Foil Market Size (2023) | USD 6,732.3 million |
| Copper Foil Market Size (2033) | USD 13,746.9 million |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
According to recent research by Future Market Insights, the copper foil market is projected to expand at a rate of 7.4% during the forecast period from 2023 to 2033. This is a significant growth from the historical growth rate of 6.1%.
The market was valued at USD 5014.7 million in 2018, and it is expected to reach USD 6,732.3 million by the end of 2023, and USD 13,746.9 million by 2033. The market outlook could be divided into short term, medium term and long term.
Short term (2023 to 2025): Thin and ultra-thin copper foil sheet are in high demand for applications such as flexible circuit boards, RFID tags, and sensors. These products are expected to continue to gain popularity in the coming years, as more industries and applications seek to take advantage of their flexibility and lightweight design.
Medium term (2025 to 2028): High-purity copper foils are in demand for applications such as semiconductors, where the purity of the material is critical to ensuring high performance and reliability. As the demand for high-performance electronics continues to grow, so too will the demand for high-purity copper foils.
Long term (2028 to 2033): Many manufacturers are focusing on offering customized copper foil products that are tailored to meet the specific needs of their customers. This trend is being driven by the increasing demand for specialized copper foil products in a wide range of industries and applications.
Increasing demand for high-performance electronic devices: Copper foil is widely used in the production of printed circuit boards (PCBs), which are critical components in electronic devices such as smartphones, laptops, and tablets. With the rise of the internet of things (IoT), the number of electronic devices is expected to grow exponentially, leading to an increase in the demand for copper foil. Moreover, the increasing trend towards miniaturization of electronic devices, which require thinner copper foil sheet and copper foil tape, is also driving market growth.
Growing adoption of electric vehicles: Copper foil is a critical component in lithium-ion batteries, which are used in electric vehicles. As the adoption of electric vehicles increases, so does the demand for copper foil. According to the International Energy Agency (IEA), the number of electric cars on the road is expected to reach 145 million by 2030, up from just over 11 million in 2020. This increase in electric vehicles is expected to be a significant driver of the copper foil market in the coming years.
Rise of renewable energy sources: Copper foil is also a key component in solar panels, wind turbines, and other renewable energy systems. The increasing global demand for renewable energy sources is driving the growth of the copper foil market. According to the International Renewable Energy Agency (IRENA), renewable energy capacity is expected to increase by 50% between 2019 and 2024, which will drive demand for copper foil in renewable energy systems.
Advancements in copper foil manufacturing technology: Manufacturers are investing in new technologies to increase the efficiency of copper foil production, reduce costs, and improve product quality. This includes the development of new production methods such as electro-deposition, which can produce thinner and more uniform copper foil. These advancements are helping to drive the growth of the sales of copper foil by making it more accessible and cost-effective for various applications.
Increasing use of copper foil in aerospace and defense industries: Copper foil is used in a variety of applications in these industries, including communication systems, electronic sensors, and power distribution. As the aerospace and defense industries continue to grow, so does the demand for copper foil. Moreover, the increasing demand for unmanned aerial vehicles (UAVs) and satellites is also driving the growth of the market in the aerospace and defense industries.
Principal Consultant
Trade disputes and tariffs: The copper foil market is impacted by global trade disputes and tariffs, which can disrupt supply chains and increase costs for manufacturers. For example, the US-China trade war has resulted in tariffs on Chinese imports of copper foil, impacting the profitability of companies that rely on these imports. This can limit the ability of manufacturers to compete and can reduce growth prospects.
Regulatory challenges: Copper mining and production can have significant environmental impacts, and regulators are increasing their focus on sustainability and reducing carbon emissions. This can result in stricter regulations that impact the market and limit its growth. For example, in Europe, the Restriction of Hazardous Substances (RoHS) directive restricts the use of certain materials in electronics, including copper, which can limit demand for copper foil in the region.
Shortages of skilled labor: The production of copper foil requires skilled labor, and shortages in the workforce can impact the ability of manufacturers to expand production and meet growing demand. The shortage of skilled labor is a particular challenge in regions such as North America and Europe, where the aging workforce is leading to a decline in the availability of skilled workers.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The United States copper foil market is expected to hold a 9.9% share of the market in 2023.
There is a growing focus on preventive healthcare in the United States, with a greater emphasis on early diagnosis and management of chronic conditions such as respiratory diseases. This has led to increased demand for spirometry testing as a tool for early diagnosis and monitoring of respiratory diseases.
Healthcare expenditure in the United States is increasing, driven by factors such as an aging population and rising healthcare costs. This has led to increased investment in medical devices such as copper foil, as healthcare providers seek to improve patient outcomes and reduce healthcare costs through early diagnosis and management of respiratory diseases.
The United States market is a highly competitive space with several prominent players. Here are some of the top companies in the US copper foil market:
The Indian copper foil market is expected to grow at a rate of 8.8% throughout the forecast period.
The demand for electronic devices in India is growing rapidly, driven by factors such as increasing disposable incomes, a growing middle class, and government initiatives such as Digital India. This is driving demand for copper foil, which is used in the manufacture of electronic devices such as smartphones, tablets, and laptops.
The Indian government has set a target of having 30% of all vehicles on the road run on electricity by 2030. This is driving demand for electric vehicles, which use copper foil sheets and rolls in their batteries and other components.
India has set a target of having 40% of its power generated from renewable sources by 2030. This is driving growth in the solar energy sector, which uses copper foil in the manufacture of solar panels.
The Japnese market is expected to hold a share of 1.1% during the forecast period.
Japan is one of the leading producers of electronic devices, including smartphones, tablets, and laptops. This is driving demand for copper foil, which is used in the manufacture of these devices.
The Japanese government has set a target of having 100% of all new cars sold in Japan run on electricity by 2050. This is driving demand for electric vehicles, which use copper foil in their batteries and other components.
Japan is one of the leading countries in the world in terms of solar power generation. This is driving growth in the solar energy sector, which uses copper foil laminates in the manufacture of solar panels.
The Japanese government is investing heavily in infrastructure development, including the construction of new airports, metro rail systems, and highways. Copper foil is used in the construction of electronic components in these infrastructure projects.
The Chinese copper foil Market is likely to rise at a rate of 8.1% during the forecast period.
The Chinese government has set a target of having 25% of all vehicles on the road run on electricity by 2025. This is driving demand for electric vehicles, which use copper foil in their batteries and other components.
China is the world's largest market for solar power generation. This is driving growth in the solar energy sector, which uses copper foil in the manufacture of solar panels.
The Chinese government is investing heavily in infrastructure development, including the construction of new airports, metro rail systems, and highways. Copper foil is used in the construction of electronic components in these infrastructure projects.
From 2023 to 2033, the batteries application segment is expected to have the highest market share of 17.6%, in both volume and revenue. The copper foil market is being driven by the growing demand for electric and hybrid vehicles and energy storage.
Batteries have a lot of potential to make transportation and power systems less carbon intensive. Electric vehicles are being used more and more in many countries, especially China, the USA, and European countries.
The copper foil market is highly competitive, and the market players have adopted various strategies to gain a larger market share. Here are a few examples:
Expansion and acquisition: Many companies in the market are expanding their production capacity and geographic presence through acquisitions and partnerships. For example, in 2021, Mitsui Mining & Smelting Co. acquired a 70% stake in Chemalloy Company, a United States-based manufacturer of copper foil for the electronics industry. This acquisition will enable Mitsui Mining & Smelting to expand its production capacity and strengthen its position in the global copper foil market.
Investment in research and development: Companies in the industry are investing in research and development to develop new and innovative products with advanced properties. For example, in 2020, Shandong Jinbao Electronics Co. Ltd. launched a new type of high-frequency copper foil with advanced properties such as low dielectric loss and low surface roughness. This new product is expected to cater to the growing demand for high-performance copper foil in the electronics industry.
Cost optimization: Many companies are adopting cost optimization strategies to improve their profitability and competitiveness. This includes reducing production costs, optimizing supply chain management, and improving operational efficiency. For example, in 2019, JX Nippon Mining & Metals Corporation announced plans to optimize its production processes and reduce production costs by 30% by 2023.
Product differentiation: Companies are differentiating their products through unique features and properties to cater to specific customer requirements. For example, in 2020, Doosan Corporation Electro-Materials launched a new type of copper foil with advanced features such as excellent flexibility, high thermal conductivity, and low profile. This new product is expected to cater to the growing demand for flexible copper foil in the electronics industry.
Sustainability: Many companies in the market are focusing on sustainability and environmental protection as a key differentiator. This includes using eco-friendly materials, reducing carbon emissions, and promoting recycling. For example, in 2020, Mitsui Mining & Smelting Co. announced plans to reduce its carbon emissions by 30% by 2030 and promote the use of recycled copper in its production processes.
Advancements in copper foil technology raise growth in the market.
A limited supply of high-quality copper restrains the market growth.
Japan’s market is expected to hold a share of 1.1% from 2023 to 2033.
This market is valued at 6,732.3 million in 2023.
The market will be valued at USD 13,746.9 million by 2033.
1. Executive Summary | Copper Foil Market
2. Market Overview
3. Market Background
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type
5.1. Rolled
5.2. Electrodeposited
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Printed Circuit Boards
6.2. Batteries
6.3. Electromagnetic Shielding
6.4. Others
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Thickness
7.1. 0.01 to 0.1 mm
7.2. 0.1 to 1 mm
7.3. 1 to 3 mm
7.4. 3 to 12 mm
7.5. 12 to 25 mm
7.6. 25 to 60 mm
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. North America
8.2. Latin America
8.3. Europe
8.4. Asia Pacific
8.5. MEA
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14. Key Countries Market Analysis
15. Market Structure Analysis
16. Competition Analysis
16.1. Carl Schlenk AG
16.2. Doosan Corporation
16.3. Furukawa Electric Co. Ltd.
16.4. JXTG Holdings Inc.
16.5. Mitsui Mining & Smelting Co. Ltd.
16.6. Rogers Corporation
16.7. Sumitomo Metal Mining Co. Ltd.
16.8. Targray Technology International Inc.
16.9. UACJ Corporation
16.10. Industrie De Nora S.p.A.
17. Assumptions & Acronyms Used
18. Research Methodology
Explore Chemicals & Materials Insights
View Reports
Copper Foil Market
