The global market for pivot electrodeposited copper foil market is expected to grow at a CAGR of 12% during the forecast period of 2023 to 2030. Copper foil is a prominent material in a variety of applications, including those in the consumer and industrial sectors. Copper is an excellent conductor of electricity in addition to its other desirable properties of malleability and ductility. Electrodeposition of copper or rolling of copper sheets is two methods that are used to produce copper. Copper foil is used for a variety of decorative purposes, including the embellishment of monasteries, gilded signage, and handicrafts. The demand in the global market for electrodeposited copper foils is increasing as a result of developments in the industry of manufacturing metal-based products. One of the primary reasons for the expansion of the market has been the widespread application of these foils across numerous sectors. It has been demonstrated that the application of these foils in the energy business is a powerful market driver. A further factor that has contributed to the expansion of the global industry is the simplicity with which electrodeposited copper foils may be produced. Within the next ten years, we should see the development of a number of novel technologies that are based on copper foils and films. The majority of these technologies can be found in the electrical and semiconductor manufacturing industries. As a direct consequence of this, it is anticipated that the total volume of revenues in the global market will skyrocket during the duration of the forecast. Additionally, the significance of these foils in electronic research has led to enormous increases in income from markets all over the world.
Expanding Electronic Industry Compelling Growth
It is anticipated that the expanding scale of the global electronic industry would fuel the expansion of the market: It is anticipated that the worldwide electronic industry will expand by the US $190 billion by the year 2027, which represents significant progress. According to SIA's research, the major semiconductor market was the primary motivating factor behind the expansion of the electronic sector. In April 2021, this market achieved global sales of US $41.8 billion (Semiconductor Industry Association). As a consequence of this, the manufacturers are consistently developing and promoting new products that have a specific application or several applications in the home as well as the industrial spheres. Additionally, the reliance on electronic equipment for fundamental tasks is an essential factor that is predicted to play a significant role in the expansion of the global market over the course of the forecast period. The need for electronic devices such as laptops, telephones, and tablets has increased in tandem with the general population and the average income per person. In the field of electronics, printed circuit boards, also known as PCBs, are utilised to link various components, facilitate the transmission of electrical impulses, and provide protection for the circuit. The rising demand for electrical devices has directly contributed to the expansion of the market for electrodeposited copper foil, which in turn has led to the development of the market for printed circuit boards (PCBs). Aluminium's availability as a possible replacement material: Aluminum is a less expensive alternative to copper, and despite the fact that its price has fluctuated since last year, it only climbed by 24% from the first quarter of 2020 to the first quarter of 2021, meaning that it is still significantly less expensive than copper. Copper, for example, sells for US $2,091 per tonne, whereas aluminium fetches US $8,477 per tonne. As a consequence of this, the expansion of the market is projected to be restricted throughout the projection period by the ample availability of aluminium and the low price of aluminium. Continued investigation and product development: Because more individuals are becoming conscious of the importance of protecting the environment, key industry participants have made significant investments to develop more sophisticated manufacturing processes for electrical and electronic devices. The increasing demand for electronic devices as a result of the usage of the printed circuit board (PCB), which employs the fundamental component of current electronics applications such as surveillance, missiles, and navigation, is the primary factor driving the global Copper Foil Market. The majority of copper foil is purchased for use in smartphones. As a result of the 5G network, it is anticipated that the number of people owning smartphones will rise over the period in question. In addition, the Copper Foil Market will have a substantial influence on the demand for copper, which will make the Copper Foil Market an even more lucrative opportunity.
Demand for Lightweight Products
A further factor contributing to the expansion of the global copper foil market is the rising demand for p+roducts that are both quicker and more lightweight. A further factor that is anticipated to contribute to the expansion of the copper foil market over the course of the forecast period is the growing application of PCB in industrial and medical settings. As of right now, the utilisation of electric vehicles (EVs) is anticipated to play a significant part in the expansion of the Copper Foil Market all over the world. Batteries powered by lithium-ion are the type most commonly found in today's electric vehicles. The substitution of aluminium foil for copper foil has the potential to create a shortage of copper foil in the future. This scenario presents a challenge for the copper foil market on a global scale. Increasing product diversification by improving the quality of copper foil and achieving a lower weight while maintaining a small thickness for certain applications is another factor that is slowing the growth of the Copper Foil Market.
Increasing Application in Automotive Segment
Copper foils that have been electrodeposited are used in a variety of applications, including rigid printed circuit boards, flexible printed circuit boards, lithium-ion batteries, high-power batteries for hybrid and electric vehicles, and other applications. The increasing preference for using electrodeposited copper foils in printed circuit boards in consumer electronics goods such as computers, mobiles, televisions, telecommunication equipment, laptops, and circuit boards, amongst other things, is driving the growth of the market. This preference can be found in a variety of consumer electronics products. Automotive is a key end-use industry that influences demand for electrodeposited copper foils. This is due to the growing use of electrodeposited copper foils in batteries that power electric vehicles, as well as printed circuit boards (PCBs) for connecting vehicles. It is necessary to link vehicles with smartphones and other technologies such as unlocking vehicles, auto control mode, weather monitoring, and other similar technologies. The unpredictable cost of petroleum goods is driving up consumer interest in electric vehicles, which in turn is dramatically driving up demand for electrodeposited copper foils.
Industry Regulations to Favour Market Growth
The Association Connecting Electronics Industries (IPC) has implemented a number of standards for printed circuit boards. These standards include that the boards should not oxidise after being exposed to a temperature of 2000 degrees Celsius for two hours, and they also address the use of arsenic acid. Due to the fact that arsenic acid is a poisonous material that can have negative effects not only on the environment but also on the health of humans and other animals, REACH and the European Union have both enacted restrictions regarding its use. It is envisaged that these sorts of actions will in the forecast period stimulate demand for electrodeposited copper foils.
Copper Prices Remain the Key Concern
Copper is also becoming more expensive in today's market, which contributes to yet another constraint in the industry. Copper foil's price is affected not only by a decline in quality but also by an increase in demand, even if there isn't actually a shortage of the product on the market. During the time frame covered by the forecast, the global copper foil market will have an opportunity presented to it by the falling prices of lithium-ion batteries. The proliferation of newly developed technology creates a fresh opening for the use of copper foil. It is now being replaced with alloys in electronic vehicles and smartphones, just as it has been in recent times. In comparison to copper foil, it may now be employed not only in the construction of circuit boards but also in structural engineering.
Less than 20um Dominates the Market
In the year 2021, the category with a size of less than 20um owned the largest share of revenue contribution accounting for about 45%. The decrease in the total quantity of copper utilised also results in a reduction in the total amount of copper used in the reuse and recycling of micro-thin chips. This results in a savings of resources and growth of the market. Copper foil that has been electrodeposited and is thinner requires less energy to make and transport, resulting in savings of both energy and resources. This segment is projected to continue its dominance over the forecast period by witnessing the highest growth amongst other types of electrodeposited copper foils, which indicates that it will continue to dominate the global market for electrodeposited copper foils. This expansion can be attributed to an increase in demand from a variety of applications, including lithium-ion batteries, high-power batteries for hybrid and electric vehicles, rigid printed circuit boards, and flexible printed circuit boards. As a result, the increased demand for printed circuit boards (PCB) and lithium-ion batteries is dramatically boosting the demand for copper foils with a thickness of less than 20 microns.
PCB Remains the Largest Application Segment
In 2021, the printed circuit boards sector had established itself as the industry leader and owned more than 60% of the revenue share. Copper improves the ability of printed circuit boards (PCBs) to transmit heat both along and across their surfaces. This helps lessen the stress that can be created by uneven heating of the PCBs, which can lead to failure. It is also capable of instantaneous transmission of electrical signals due to the high electrical conductivity it possesses. The production of hybrid electric vehicles is expected to increase, which will drive demand for batteries. Electrodeposited copper foils are a core component of the batteries used in electric vehicles, so this market segment is expected to experience the highest growth rate. Over the course of the projected period, there is anticipated to be a significant uptick in demand in major emerging countries.
APAC Remains as the Global Leader
In 2021, the Asia Pacific region remained the dominant region with a hold of about 45% of the total revenue share. The presence of major players in PCB production, an increase in end-use industries such as automotive and electronics, and an increase in per capita income have all contributed to the growth of these regions' electrodeposited copper foil markets, which have been supported by the growth of the region's overall economies. Despite the pandemic-related global decline in car sales, which saw global car sales decline 16% in 2020, electric car registrations increased by 41%, the International Energy Agency (IEA) reports that there were 10 million electric cars on the road around the world by the end of 2020. This comes after a decade of tremendous growth in the number of electric cars on the road around the world. The growth of the market in this region has been aided in part by the region's rising population as well as the rising demand for products of a higher grade. Manufacturing facilities for electrical and electronic goods, autos, and products for a variety of other important industries can be found in China. As a result of a rise in demand from makers of electronic consumer goods, the market for electrodeposited copper foils in the country is seeing high levels of demand. Every day, more and more consumer electronics, like televisions, computers, smartphones, and other electronic devices, are incorporating printed circuit boards into their design.
Additionally, China is one of the world's top exporters of automobiles; therefore, the rapid growth of the automotive industry has had a favourable impact on the demand for electrodeposited copper foil. This is due to the fact that China is one of the leading exporters of automobiles. In addition, China is home to over 60% of the world's producers of electric vehicles, and electrodeposited copper foil is the primary material found in the batteries that provide electricity to these vehicles. This paves the way for electrodeposited copper foil makers to deliver innovative and unique items to the market as they now have many more opportunities to do so. The most important manufacturers are currently expanding their manufacturing capacities in order to keep up with the ever-increasing demand. For instance, Jiangxi Copper Corporation decided to increase its capacity for producing copper foil by initiating a reconstruction project known as Jiangtong Yates Copper Foil Co., Ltd., which is a phase III 15,000 tons/year electrolytic copper foil reconstruction project. This was done in order to launch an expansion project with the name Jiangtong Yates Copper Foil Co., Ltd.
The expansion of the hybrid electric vehicle industry in the United States presents market participants with a significant opportunity. The demand for electrodeposited copper foil is expected to increase across the nation as a result of its potential application in the batteries that power electric vehicles. The total automotive industry is also a significant consumer of electrodeposited copper foils, which ultimately drives the rise of demand in the United States. In addition, because of the numerous technological advancements that have taken place in the country, the United States is one of the most desirable locations for manufacturing.
Innovation and Price Remain the Key Competitive Factor Deciding on Market Shares
The market for electrodeposited copper foils is extremely competitive and is dominated by global players who offer products at prices that are competitive with those of their peers. Leading manufacturers on the market are gradually focusing their attention on positioning innovative technologies to design electrodeposited copper foils. This is being done in an effort to improve the operational efficiency of commercial and industrial facilities. The various market participants have robust partnerships at every stage of the value chain. In this sphere, there is a significant degree of focus placed on creative problem-solving. Companies that deal in electrodeposited copper foils look for opportunities to form strategic partnerships with regional end users and distributors so that they can satisfy the requirements of an expanding customer base.
Several of the big firms are investing in research and development (R&D) in order to acquire a competitive advantage. In order to achieve a competitive advantage in this market, vendors are employing strategies related to product development and positioning. Investments in research and development are being made by manufacturers in order to develop new products for end-user markets. They are also forming partnerships with big end users in order to give new solutions that are tailored to their specific needs. As firms in different parts of the world place a greater emphasis on research endeavours, expansion is projected. Because there is a growing need for electrodeposited copper foils in batteries, producers are increasing their investments in activities related to expansion in order to meet this growing demand and strengthen their market dominance.
In addition, expanding the channel breadth can be facilitated by establishing long-term relationships with regional distributors and building sales and service operations in growing regions. Companies are focusing their attention and resources on the creation of innovative and cutting-edge product grades, in particular for those applications in which they hold a dominant market position at the present time. For instance, prominent manufacturers are focussing their efforts on the design of copper foils for the next generation of high-speed communication, such as 5G technology, in order to develop a copper foil that is appropriate for the applications that are required by the electronics sector. Because of its harmful properties, manufacturers are looking for alternatives to arsenic acid so that they can eventually eliminate its use altogether. Arsenic acid is now utilised in the manufacturing process for copper foil.
Because of the needs of the market, the leading manufacturers are concentrating their efforts on the development of advanced electrodeposited copper foils with reduced thickness levels. For example, Co-Tech Development Corp., a Chinese manufacturer of electrodeposited copper foils, has recently introduced new products such as double treatment foils and VLP & thin RTF. It is anticipated that these developments made by market participants will play a significant role in driving up demand for electrodeposited copper foils throughout the course of the projected period.
Electrodeposited copper foil suppliers are also embracing regional expansion and acquisition strategies in order to gain a stronger foothold in the market. For new entrants into this industry, the task is to quickly build up their brand recognition and engage in aggressive marketing. The following are some of the most successful businesses now competing in this industry: Mitsui Mining & Smelting Co., Ltd., Furukawa Electric Co., Ltd. JX Nippon Mining & Metals Corporation, Jiangxi Copper Corporation, 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 and others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Pivot Electrodeposited Copper Foils market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Application
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
