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Copper Foil Market Size, Growth Factors, Top Leaders, Trends, Analysis, Competitive Landscape and Regional Forecast 2028

[160 Pages Report] Top players covered in the global copper foil market are ILJIN Materials Co., Ltd. (South Korea), Doosan Group (South Korea), Tex Technology Inc. (Japan), Mitsui Mining & Smelting Co., Ltd. (Japan), RCI Industries and Technologies Ltd. (India), Furukawa Electric Co., Ltd. (Japan), Shanghai Metal Corporation (China), SKC (South Korea), American Elements (U.S.), UACJ Foil Corporation (Japan), and more players profiled


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4 months ago | 4 min read
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The
global
copper
foil market

size is projected to reach USD 10,375.6 million by 2028,
exhibiting a CAGR of 7.9% during the forecast period.
According to a recent report by Fortune Business Insights™, titled
“Copper Foil Market, 2021-2028”, the value of the market stood at USD
5,703.0 million in 2020.



 



Increasing
Smartphone Adoption to Favor Market Growth



Economic
growth and development in several countries can be seen in the soaring demand
for electronic products, especially smartphones, over the last decade. A 2019
survey by Pew Research Center revealed that over 5 billion people around the
globe own mobile devices and more than 50% of these are smartphones. Further, a
GSMA report cited by the World Economic Forum in 2019 predicts that by 2025
global smartphone ownership will rise to 79% from the current 60%.



Growing
smartphone production will hugely benefit this market because the copper foil
is an essential component in any electrical device. It is primarily used in
circuit boards, which are installed in all kinds of electrical devices, to send
and receive electrical signals. Expanding smartphone ownership will, thus,
bolster the prospects of this market.



 



List
of the Leading Companies Profiled in the Global Copper Foil Market are:




  • ILJIN Materials
    Co., Ltd. (South Korea)

  • Doosan Group
    (South Korea)

  • Tex Technology
    Inc. (Japan)

  • Mitsui Mining
    & Smelting Co., Ltd. (Japan)

  • RCI Industries
    and Technologies Ltd. (India)

  • Furukawa
    Electric Co., Ltd. (Japan)

  • Shanghai Metal
    Corporation (China)

  • SKC (South
    Korea)

  • American
    Elements (U.S.)

  • UACJ Foil
    Corporation (Japan)



 



Highlights
of the Report



The
report presents an exhaustive analysis of the market drivers, trends, and
constraints, along with a comprehensive examination of the regional prospects
and upcoming investment pockets for the market. In addition to this, the report
offers detailed profiling and study of key market players and their strategies,
as well as provides a granular evaluation of all market segments.



 



Major
Driving Factor



Germ-fighting
Capacity of Copper to Boost the Market amid COVID-19



The
COVID-19 pandemic has created widespread disruptions in the global supply
chains of raw materials, including metals and minerals, such as copper, silver,
and gold. However, the copper foil market growth is unlikely to get hit by the
pandemic in any major way because copper is known to possess excellent
pathogen-fighting properties, which will prove beneficial in battling the
coronavirus. For example, according to a microbiologist at Durham University,
UK, copper releases reactive ions when it comes in contact with a germ,
destroying its exterior and impacting its genetic structure.



Another
researcher at the University of Arizona states that copper can displace metal
ions found in the proteins of most pathogens and destroy or inhibit their
production. These capabilities of copper have surged the demand for copper foil
sheets and other coverings in the healthcare industry to fight COVID and
contain its spread in medical facilities.



 



Top
Regional Insights



Strong
Manufacturing Infrastructure in China to Brighten the Asia Pacific Market
Outlook



Asia
Pacific is expected to dominate the copper foil market share during the
forecast period, supported by the strong and growing manufacturing
infrastructure and technologies of China in the electronics domain. Moreover,
increasing smartphone penetration in India and the widespread deployment of
electric vehicles (EVs) in China will also produce highly lucrative opportunities
for market players. In 2019, the region’s market size stood at USD
3,622.1 million.



In
North America, favorable policies and active private sector initiatives to
expand and strengthen charging infrastructure are anticipated to skyrocket the
demand for copper foil. On the other hand, the market in Europe will be driven
by the rapid advancements in energy storage technologies, where copper plays a
critical role.



 



Key
Market Segments



Based
on application, the market has been segmented into circuit boards, batteries,
electromagnetic shielding, and others. In 2020, the electromagnetic shielding
segment held a share of 9.7% in the global market and a share
of 7.3% in the China market.



On
the basis of geography, the market has been grouped into North America, Europe,
Asia Pacific, Latin America, and the Middle East & Africa.



 



Competitive
Landscape



Expansion
of Geographic Presence to be the Dominant Strategy for Key Players



The
Asia Pacific region is home to a large number of electrical component manufacturing
companies and these organizations are currently shaping the competitive
dynamics of this market. To bolster their presence in the international arena,
these players are aggressively establishing operations across geographies,
especially in Europe and North America, where economic systems are highly
digitized.



 



 



Detailed
Table of Content:




  • Introduction


  • Executive
    Summary

  • Market Dynamics


  • Key Insights


  • Qualitative
    Insights Impact of COVID 19 on Global Copper Foil Market


  • Global Copper
    Foil Market Analysis, Insights and Forecast, 2017-2028



TOC
Continued…!



 



Key
Industry Developments:




  • November
    2020: Doosan
    Solus announced the commencement of production of battery copper foil at
    its plant in Hungary, constructed in 2019. The company aims at expanding
    the plant’s current capacity of 10,000 tons to 75,000 tons to meet the
    surging demand in Europe.

  • June 2019: Mitsui
    Mining & Smelting successfully increased the production capacity of
    its plant in Taiwan, where the company will be producing its flagship VSP®
    copper foil for high-frequency circuit boards.



 



Browse
Detailed Summary of Research Report:



https://www.fortunebusinessinsights.com/copper-foil-market-104925



 



 



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overview of the market they are operating in.



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