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Copper Foil Market Trends

Report ID: GMI6156
Published Date: Jul 2023
Report Format: PDF

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Copper Foil Market Trends

The increasing demand for electronic devices, including smartphones, tablets, laptops, and wearable devices, is augmenting the copper foil industry growth. Copper foil is a crucial component in the manufacturing of printed circuit boards (PCBs) used in these devices. The rapid advancements in technology, such as 5G connectivity, Internet of Things (IoT), and artificial intelligence, are further boosting the demand for copper foil. The global shift towards electric vehicles is rising the demand for copper foil. Copper foil is used in various components of EVs, including power electronics, battery systems, and charging infrastructure.

As governments and automakers focus on reducing carbon emissions and transitioning to electric mobility, the demand for copper foil in the EV industry is slated to witness significant growth. The Asia-Pacific region, particularly China, Japan, and South Korea, is a significant consumer and producer of copper foil. The presence of major electronics manufacturers, rapid industrialization, and the growing adoption of electric vehicles in the region are driving the demand for copper foil. The Asia-Pacific region is expected to remain a key market for copper foil.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market valuation of copper foil was valued at USD 4.1 billion in 2023 and is set to reach USD 9.1 billion by 2032 owing to higher demand from the consumer electronics sector and the expanding automotive industry.

The electrodeposited type segment of copper foil industry generated USD 2.88 billion in 2022 and will witness substantial growth through 2032 owing to its widespread usage in the production of printed circuit boards for electronics.

U.S. copper foil market size amassed USD 1.22 billion in revenue in 2022 and is expected to register significant growth from 2023 to 2032 attributable to the rising prevalence of chronic diseases and blood disorders, rising healthcare expenditure, and the presence of prominent players in the country.

Leading copper foil companies are Abbott Laboratories, BAG Healthcare GmBH, Bio-Rad Laboratories, Inc, Danaher Corporation, Diagnostica Stago, DiaSorin S.p.A., F. Hoffmann-La Roche Ltd, Grifols S.A., Hologic, Inc., Immucor Inc., Merck KGaA, and Ortho Clinical Diagnostics.