Electrodeposited Copper Foils Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global electrodeposited copper foils market is poised for significant growth, with an estimated value of US$ 9.62 billion in 2024. Sales of electrodeposited copper foils are expected to witness a steady growth reaching a valuation of US$ 20 billion by 2031. This growth is primarily driven by increasing demand from various end-use industries and the surge in electric vehicle production.

Meeting the Demand for Electric Vehicles

Electric vehicles (EVs) are a major consumer of electrodeposited copper foils, as the batteries powering these vehicles utilize this material. Despite a setback in 2020 due to the COVID-19 crisis, the electric vehicle industry is anticipated to experience substantial growth in the coming years. Approximately 80% of the world's electric vehicles are found in countries such as China, the United States, the Netherlands, Norway, and Japan. The expansion of the electric and hybrid vehicle market is expected to be a key driver for the electrodeposited copper foils market.

Boost from PCB Production

The production of printed circuit boards (PCBs), including flexible, rigid, and multilayer types, has been on the rise due to increased demand for consumer electronic products, smartphones, and communication equipment worldwide. PCBs are essential components in electronic devices, and the growth in their production has positively impacted the demand for electrodeposited copper foils.

Trends in Electrodeposited Copper Foils

Thin electrodeposited copper foils are essential in lithium-ion batteries used in mobile phones and electric vehicles. The thickness of these foils directly affects the battery's capacity and weight. Thinner foils reduce both weight and battery thickness while enhancing energy storage capacity. Major producers are working on ultrathin electrodeposited copper foils to improve battery efficiency and reduce energy consumption in foil production.

Opportunities in the Market

Several factors are driving the global electrodeposited copper foils market, including increased demand for consumer electronics, 5G technology, and hybrid electric cars. Printed circuit boards are the primary application area for electrodeposited copper foils, with electric vehicles contributing significantly to this demand.

The Role of Asia Pacific

Asia Pacific, including Japan, plays a pivotal role in the global electrodeposited copper foil market. The expansion of industries such as automotive and electronics, coupled with rising per capita income, has fueled market growth in this region.

Japan's Contribution

Japan's electronics and automotive sectors are key drivers of demand for electrodeposited copper foils. Lithium-ion batteries, printed circuit boards, and other electronic components rely on these foils. Major Japanese players are collaborating with local firms to expand their presence and meet the growing demand for electrodeposited copper foils.

Competitive Landscape

Companies in the electrodeposited copper foils market are engaged in various strategic activities, including partnerships, capacity expansion, new product development, acquisitions, and the establishment of new entities. Market leaders are also focused on acquiring competitors to expand their customer base.

Key Companies in the Electrodeposited Copper Foils Market

• Mitsui Mining & Smelting Co., Ltd
• JX Nippon Mining & Metals Corporation
• Jiangxi Copper Corporation
• Furukawa Electric Co., Ltd
• Nan Ya Plastics Corp.
• Arcotech Ltd.
• Kingboard Copper Foil Holdings Ltd
• Guangdong Chaohua Technology Co., Ltd.
• Chang Chun Group
• Co-Tech Development Corp.
• ILJIN MATERIALS CO, LTD.
• Circuit Foil
• Suzhou Fukuda Metal Co., Ltd.
• LingBao Wason Copper Foil Co., Ltd.
• Targray Technology International, Inc.
• Shandong Jinbao Electronics Co., Ltd.
• Solus Advanced Materials
• SKC Ltd

Electrodeposited copper Foils Market Segmentation

By Thickness:

• < 20 μm
• 20-50 μm
• >50 μm

By Application:

• Printed Circuit Boards
• EMI Shielding
• Batteries
• Switchgear
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East & Africa

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