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Copper Foil Market Economic and Business With COVID-19 Impact And Future Competitive Landscape Analysis 2027

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sanjay hande
Copper Foil Market Economic and Business With COVID-19 Impact And Future Competitive Landscape Analysis 2027

According to the report, the global copper foil industry generated $12.4 billion in 2019, and is estimated to generate $21.8 billion by 2027, manifesting a CAGR of 7.2% from 2020 to 2027.

Drivers, restraints, and opportunities

Expansion of the electronics industry, increase in sales of smartphones, and surge in adoption of e-mobility drive the growth of the global copper foil market. However, presence of alternative metal foils hinders the market growth. On the other hand, development of innovative copper foil products presents new opportunities in the coming years.  

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Covid-19 Scenario

  • The lockdown disrupted copper mining, creating a shortage of raw material for the manufacturing of copper foils.
  • Chileis the world's largest exporter of metals. The surge in the number of coronavirus cases among mine workers in the country increased. This hindered production and export activity.
  • Owing to the lockdown and travel restrictions, the prices of crude oil lessened considerably. In addition, the demand for consumer electronics decreased significantly.
  • Post-pandemic, when the demand for smartphones, electronic gadgets, and electric vehicles would increase, the demand for copper foil is estimated to rise too.

The rolled copper foil segment to maintain its leadership position throughout the forecast period

Based on type, the rolled copper foil segment accounted for the highest market share, accounting for less than two-thirds of the global copper foil market in 2019, and will maintain its leadership position throughout the forecast period. This is due to its abundant usage in PCBs, batteries, and EMI shielding materials. However, the electrodeposited copper foil segment is expected to manifest the fastest CAGR of 8.0% from 2020 to 2027, owing to surge in demand in PCB manufacturing.

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The printed circuit boards segment to maintain its dominant share during the forecast period

Based on application, the printed circuit boards segment held the highest market share in 2019, accounting for less than two-thirds of the global copper foil market, and is estimated to maintain its dominant share during the forecast period. This is attributed to PCBs being the backbone of electronic components, and integrated with almost every electronics product. However, the batteries segment is estimated to portray the largest CAGR of 9.0% from 2020 to 2027, owing to the growth in need for electric vehicles in the next few years.

Asia-Pacific, followed by North America, to maintain its leadership status by 2027

Based on region, Asia-Pacific, followed by North America, accounted for the highest share in 2019, contributing to nearly half of the global copper foil market, and will maintain its leadership status by 2027. This region is projected to witness the highest CAGR of 7.7% during the forecast period. This is due to presence of well-established electronics & electric vehicle market players. The report also analyzes regions including Europe and LAMEA.

Leading market players

  • Carl Schlenk AG
  • Doosan Group
  • Furukawa Electric Co. Ltd.
  • JXTG Holdings Inc.
  • Mitsui Mining & Smelting Co. Ltd.
  • Rogers Corporation
  • SKC
  • Sumitomo Metal Mining Co. Ltd.
  • Targray Technology International Inc.
  • UACJ Corporation

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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