Copper Foil Market Report 2025

The copper foil market size has grown rapidly in recent years. It will grow from $12.86 billion in 2024 to $14.21 billion in 2025 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to electronics industry growth, miniaturization of electronic devices, lithium-ion battery demand, pcb manufacturing, and renewable energy expansion.

The copper foil market size is expected to see rapid growth in the next few years. It will grow to $21.29 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to urbanization and infrastructure, aerospace and defense needs, automotive electrification, environmental regulations, and emerging market expansion. Major trends in the forecast period include introduction of green energy solutions, 5g network deployment, technological innovations, innovative flexible electronics and displays, and strategic partnerships.

The growing demand for electric vehicles is expected to drive the growth of the copper foil market in the coming years. Electric vehicles are defined as vehicles that operate on electricity stored in their batteries. Copper foil is essential in the manufacturing of electric batteries, electric motors, and wiring in electric cars, facilitating the flow of electric current to the vehicles. For instance, in 2024, the International Energy Agency reported that electric car sales increased by 3.5 million in 2023 compared to 2022, reflecting a 35% year-on-year growth. In 2023, electric vehicles accounted for approximately 18% of total car sales, up from 14% the previous year. Thus, the rising demand for electric vehicles is fueling the growth of the copper foil market.

The growth of renewable energy is anticipated to drive the expansion of the copper foil market in the future. Renewable energy is defined as power generated from resources that naturally replenish on a human timescale, such as sunlight, wind, rain, tides, waves, and geothermal heat. Copper foil is employed in renewable energy technologies, particularly in solar panels and advanced batteries, to improve conductivity and energy efficiency. For example, as of January 2024, the renewable energy sector continues to expand at an unprecedented rate. Recent updates from the International Energy Agency (IEA) indicate that the world added 50% more renewable energy capacity in 2023 compared to 2022. Thus, the growth of renewable energy is fueling the demand for the copper foil market.

Product innovations have become a significant trend gaining traction in the copper foil market. Key players in the copper foil sector are concentrating on launching new products to maintain their competitive edge. For example, in 2023, Infinite Flex has been at the forefront of innovation in the copper foil and powder manufacturing arena. In January 2023, the company unveiled Infinite Powder Cu 03, an enhanced version of its copper powder products. This new offering utilizes metal injection molding (MIM) technology, allowing for even greater conductivity in copper components, specifically designed for the rapidly expanding electric vehicle (EV) battery market.

Leading companies in the copper foil market are actively involved in the manufacturing of ultra-high strength copper foil to meet the increasing demands of the electric vehicle (EV) sector, aiming to enhance their revenue in the market. Ultra-high strength copper foil is characterized by significantly elevated tensile strength compared to standard copper foils, rendering it more resistant to stretching or breaking under tension. In August 2022, SK Nexilis Co, a subsidiary of South Korea-based SKC Ltd., introduced a technology for mass-producing ultra-high strength copper foil, specifically designed for use in EV batteries and semiconductor materials. This advanced copper foil boasts double the tensile strength of conventional foils, contributing to the safety and density of rechargeable batteries. Additionally, the foil exhibits high heat resistance, ensuring durability and increased productivity. SK Nexilis has also pioneered a method to produce copper foils as thin as 4 micrometers, with a width of 1.3 meters and a length of 30 km per roll.

In October 2022, Lotte Chemical, a South Korea-based chemical company, completed the acquisition of Iljin Materials, a move that secured a 53.3% stake in Iljin Materials for Lotte Chemical. This strategic acquisition marks Lotte Chemical's entry into the global EV material industry. Iljin Materials, known for being a South Korea-based copper coil producer for secondary batteries, aligns with Lotte Chemical's broader goals in the EV sector and positions the company strategically in the global landscape of EV material production. This acquisition reflects the industry's commitment to meeting the evolving demands of the electric vehicle market and underscores the importance of securing key players in the supply chain to drive innovation and growth.

Major companies operating in the copper foil market include LS Mtron Co. Ltd., Chang Chun Group, Furukawa Electric Co. Ltd., ILJIN Materials Co. Ltd., JX Nippon Mining & Metals Corporation, Carl Schlenk AG, Mitsui Mining & Smelting Co. Ltd., Nippon Denkai Ltd., UACJ Corporation, Rogers Corporation, Sumitomo Metal Mining Co. Ltd., Circuit Foil SA, Shandong Jinbao Electronics Co. Ltd., Wieland Metals India Pvt. Ltd., Nan Ya Plastics Corporation., SKC Inc., NUODE New Materials Co. Ltd., Lingbao Wason Copper Foil Co. Ltd., Guangdong Jia Yuan Technology Shares Co. Ltd., Jiujiang Defu Technology Co. Ltd., Jiangxi Copper Corporation, Fujian Clear View Copper Foils Co. Ltd., Kingboard Copper Foil Holdings Limited, Targray Technology International Inc., Solus Advanced Materials, SH Copper Products Co. Ltd., United Copper Foil (Huizhou) Co. Ltd., Civen Metal Material Co. Ltd.

Copper foil refers to a layer of copper applied to the outer and inner surfaces of metal sheets to enhance their thickness. This copper layer serves as an electrical conductor in various electronic devices, providing improved conductivity, plasticity, corrosion resistance, and ductility for metal sheets. Copper foil finds applications in industries where riveting and cutting tools are essential.

The two main types of copper foil are rolled copper foil and electrodeposited copper foil. Rolled copper foil is created by rolling thick copper and is commonly used in flexible circuit boards. Various grades of copper foil include electrolytic tough pitch copper (ETP) and deoxidized high phosphorus copper (DHP). Copper foil is utilized in printed circuit boards, batteries, electromagnetic shielding, and other applications across industries such as electrical and electronics, automotive, industrial equipment, building and construction, among others.

The copper foils market research report is one of a series of new reports that provides copper foils market statistics, including copper foils industry global market size, regional shares, competitors with a copper foils market share, detailed copper foils market segments, market trends, and opportunities, and any further data you may need to thrive in the copper foils industry. This copper foil market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

North America was the largest region in the copper foil market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the copper foil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the copper foil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The copper foil market consists of sales of surface-treated electrodeposited copper, high-temperature elongation (THE) copper foil, double-treated foil, resistive copper, and low-profile copper. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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