Market Size of High-end Copper Foil Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
High-End Copper Foil Market Analysis
The market for high-end copper foil is expected to register a CAGR of more than 6% during the forecast period. One of the major factors driving the market studied is the growing application as a printed circuit board (PCB) material. COVID-19 negatively impacted the market in 2020. However, the market is projected to grow steadily, owing to the increased Electrical and Electronics industry in the coming year.
- Circuit board applications dominate the market and are expected to grow at a moderate rate during the forecast period, owing to the increasing demand for consumer gadgets like smartphones, PCs, tablets, and other medical electronics products.
- Copper foils in transformer and grid-level energy storage are likely an opportunity.
- The development of single-crystal graphene sheets as a substitute for copper foil is expected to hinder the market's growth.
- Asia-Pacific dominated the market across the world, with the most significant consumption from countries such as China and India.
High-End Copper Foil Industry Segmentation
Copper, which is of the highest purity and is used in PCB, Li-ion Batteries, photo-voltaic anodes, medical, home appliances, aerospace, and military applications, is knowns as high-end copper. The high-end copper foil market is segmented into types, applications, and geography. By type, the market is segmented into rolled copper foil and electrodeposited copper foil. By application, the market is segmented into circuit boards, batteries, solar and alternative energy, appliances, medical, and other applications. The report also covers the market size and forecasts for the high-end copper market in 17 countries across major regions. For each segment, the market sizing and forecasts have been done based on value (USD million).
Type | |
Rolled Copper Foil | |
Electrodeposited (ED) Copper Foil |
Application | |
Circuit Boards | |
Batteries | |
Solar and Alternative Energy | |
Appliances | |
Medical | |
Other Applications |
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High-end Copper Foil Market Size Summary
The high-end copper foil market is poised for significant growth, driven primarily by its increasing application in printed circuit boards (PCBs), which are essential components in a wide range of electronic devices. The demand for consumer electronics such as smartphones, PCs, and medical devices is a major factor propelling this market forward. Despite the initial setbacks caused by the COVID-19 pandemic, the market is expected to recover and expand steadily, supported by the burgeoning electrical and electronics industry. The Asia-Pacific region, particularly China and India, plays a dominant role in this market due to its substantial production capabilities and government incentives that bolster PCB manufacturing. However, the development of alternative materials like single-crystal graphene sheets poses a potential challenge to the market's growth trajectory.
The market landscape is characterized by a partial consolidation, with key players such as Mitsui Mining & Smelting Co. Ltd, Furukawa Electric Co. Ltd, and Sumitomo Metal Mining Co. Ltd holding significant market shares. These companies are actively expanding their operations and adopting sustainable practices, such as Furukawa Electric's shift to renewable energy, to enhance their production facilities' environmental performance. The market's growth is further supported by strategic expansions and acquisitions, as seen with Solus Advanced Materials Company's acquisition of a Canadian plant to strengthen its North American presence. Additionally, Doosan Corporation's investment in increasing its battery copper foil production capacity in Hungary highlights the rising demand for such materials in Europe. Overall, the high-end copper foil market is set to benefit from the ongoing advancements in PCB technology and the increasing global demand for electronic devices.
High-end Copper Foil Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Application as a Printed Circuit Board (PCB) Material
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1.1.2 Increasing Demand for Lithium Ion Batteries From Transportation and Energy Storage Sector
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1.2 Restraints
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1.2.1 Development of Single Crystal Graphene Sheet as a Substitute for Copper Foil
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Type
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2.1.1 Rolled Copper Foil
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2.1.2 Electrodeposited (ED) Copper Foil
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2.2 Application
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2.2.1 Circuit Boards
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2.2.2 Batteries
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2.2.3 Solar and Alternative Energy
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2.2.4 Appliances
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2.2.5 Medical
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2.2.6 Other Applications
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Australia & New Zealand
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2.3.1.6 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Russia
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2.3.3.6 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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High-end Copper Foil Market Size FAQs
What is the current High-end Copper Foil Market size?
The High-end Copper Foil Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in High-end Copper Foil Market?
Mitsui Mining & Smelting Co. Ltd, Furukawa Electric Co. Ltd, Sumitomo Metal Mining Co. Ltd, Doosan Corporation and Wieland Group are the major companies operating in the High-end Copper Foil Market.