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Electrodeposited Copper Foils Market

Global Market Study on Electrodeposited Copper Foils: High Demand for Application in Printed Circuit Boards

Global Electrodeposited copper Foils Market by Application (Printed Circuit Boards, EMI Shielding, Batteries, Switchgear and Others)

Global Electrodeposited copper Foils Market Snapshot

PMR has estimated the global Electrodeposited copper Foils market to reach a valuation of US$ 9,224.3 Mn in 2023. Sales prospects of Electrodeposited copper Foils is expected to witness a steady growth rate of 9.2% and is expected to top a valuation of US$ 22,241.2 Mn by 2033.

Demand for Electrodeposited copper Foils from various end use industries is growing substantially over the past few decades and the growth is expected to continue in next few years due to increasing demand for electric vehicles globally.

Electrodeposited copper Foils Sales (2022A)

US$ 8,420.7 Mn

Electrodeposited copper Foils Demand (2023E)

US$ 9,224.3 Mn

Electrodeposited copper Foils Market Projections (2033F)

US$ 22,241.2 Mn

Value CAGR (2023-2033)

9.2%

Collective Value Share: Top 3 Countries (2023E)

55%-60%

Electrodeposited copper foils are used in a variety of goods, including lithium-ion batteries, high-power batteries for hybrid and electric vehicles, rigid printed circuit boards, and flexible printed circuit boards. The need for printed circuit boards is rising, which is driving the market's development in consumer electronics items such as computers, mobile phones, TVs, telecommunications equipment, laptops, and circuit boards..

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Electrodeposited copper Foils Market Outlook (2017-2022) vs (2023-2033) Forecast

The market for Electrodeposited copper Foils witnessed a CAGR of 6.5% over the historical period of 2017 and 2022. The automotive segment especially electric vehicles are the largest consumers of Electrodeposited copper Foils globally. But, due to the COVID-19 crisis, these industries have experienced a significant decline in 2020. The electric vehicle industry has dealt with a sudden and widespread cessation of economic activity as workers are ordered to stay at home, grind production chains to a halt, and close factories.

However, as per the current survey conducted by PMR, the forecast growth outlook for Electrodeposited copper Foils is to remain around 9.2% for the period of 2023 to 2033. Increasing utilisation of Electrodeposited copper Foils among its applications is expected to drive the demand for Electrodeposited copper Foils over the forecast period.

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Increasing Demand For Hybrid And Electric Vehicles Will Boost Up The Electrodeposited Copper Foils Market

The electric vehicle industry is a significant end-use sector for electrodeposited copper foil. The batteries that power these electric vehicles use electrodeposited copper foil.The global market for electric vehicles is anticipated to expand by around 2.9X between 2017 and 2026, resulting in a CAGR of 11.2% from 2017 to 2026. Similarly, it is anticipated that the market for hybrid vehicles will grow at a CAGR of 20.2% over the same time frame.

Since 2010, the number of electric vehicles on the road has increased, with battery electric vehicle adoption somewhat outpacing that of plug-in hybrid electric vehicle adoption. Eighty percent of the world's electric vehicles are found in China, the United States, the Netherlands, Norway, and Japan.During the projected period, growth of the worldwide electrodeposited copper foil market is anticipated to be driven by the anticipated substantial expansion in the market for electric and hybrid vehicles.

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Growing PCB Production Has Positively Impacted Sales of Electrodeposited Copper Foils

Printed circuit boards or PCBs, especially flexible, rigid, multilayer type, etc. find applications in the manufacturing of electronic devices, such as smartphones, consumer electronics, and communications equipment, among others. Increasing demand for consumer electronic products and smartphones across the globe has resulted into significant rise in the production of PCBs in the recent past

Electro-deposited copper foils are used extensively in PCB manufacturing. Also, ED copper foils are used for manufacturing copper clad laminates. Consumption of electrodeposited copper foils in PCB applications segment is expected to register a CAGR of 9.2% during the forecast period The expected steady growth in production of PCBs is expected to, in turn, result in increase in consumption of electro-deposited copper foils during the forecast period

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Trends In Electrodeposited copper Foils Market

The negative current accumulators in lithium-ion batteries for mobile phones or electric vehicles employ electrodeposited copper foils.

The thickness of these electrodeposited copper foils is a key factor in determining the battery's capacity and weight. The weight and thickness of the battery are reduced by using thinner copper foils. Additionally, by thinning the foil, the battery's ability to store energy is boosted. Major producers are working on ultrathin copper foils that have been electrodeposited. In the long run, it reduces the energy required to create copper foil and boosts the effectiveness of electric vehicles.

What are the Opportunities for Electrodeposited copper Foils Market?

According to PMR, the global market for electrodeposited copper foils is being driven by a number of factors, including the rising demand for consumer electronics products, 5G technology, and hybrid electric cars. These factors are also expected to contribute to the market's expansion. Due to the rising demand for electrodeposited copper foil in electric vehicles, printed circuit boards are the most frequently purchased area.

Manufacturing thin, high-performance electrodeposited copper foil grades that offer superior physical properties to finished products and selling them at competitive prices, as well as creating environmentally friendly methods of producing copper foil, such as finding a substitute for arsenic acid in the process, The manufacturing of new-generation products for end-use industries is anticipated to be beneficial to manufacturers in the global market for electrodeposited copper foils.

Country-wise Insights

Role Of Asia Pacific Region In The Global Electrodeposited Copper Foil Market

On the basis of regions the global electrodeposited copper foils is segmented as North America, Latin America, Europe, East Asia, South Asia & Pacific and Middle East & Africa

The Asia Pacific region dominated with a market share of more than 46%. The expansion of end-use industries like automotive and electronics, as well as rising per capita income, have all contributed to the growth of the electrodeposited copper foil market in these regions. The International Energy Agency (IEA) estimates that by the end of 2021, there will be 13.4 million electric cars on the road worldwide, following ten years of rapid growth. Despite a 16 percent fall in worldwide auto sales due to the pandemic in 2020, the number of electric vehicle registrations boost by 41%. The market's expansion in this area has also been aided by an expanding population and a rise in demand for high-quality items.

Role Of Japan In The Global Electrodeposited Copper Foil Market

Japan's electronics sector has developed into the most successful and cutting-edge globally. Japan accounts for 11.9% of the value shares of the global electrodeposited copper foil market, which creates its dominance in the global market.

Lithium ion batteries, printed circuit boards, and other electronic components all require copper foil that has been electrodeposited. Thus, demand for electrodeposited copper foils is being driven by the expansion of the electronics sector. The demand for electrodeposited copper foils is also anticipated to increase throughout the projected period due to Japan's automotive sector. In order to increase their footprints, the majority of the country's major players are working with local players.

Category-wise Insights

Which Is Expected To Be A Key Thickness Segment In Global Electrodeposited Foils Market?

On the basis of thikness, the global electrodeposited copper foils market is segmented as <20 micron , 20-50 micron and >50 micron. <20 micron thik electrodeposited copper foils is dominant in global electrodeposited copper foils, which accounts for 76.80% of market shares.

This growth is recognized to emergent demand from various application rigid printed circuit boards, lithium-ion batteries, flexible printed circuit boards and high-power batteries of hybrid and electrical vehicles.

The amount of copper used in micro-thin chip recycling and reuse decreases as the amount of copper used decreases, conserving resources and promoting market expansion. Thinner copper foil that has been electrodeposited requires less energy to produce and transport, which saves energy and resources. High demand for PCB and lithium-ion batteries is significantly bolstering demand for < 20 micron copper foils.

Which Is Expected To Be A Key Application For Electrodeposited copper Foils Market?

The global market for electrodeposited copper foils is divided into various application categories, including printed circuit boards, EMI shielding, batteries, switchgear, and others. Printed circuit boards dominate the market as a whole in the application area with a share of more than 78.1%.

Copper improves printed circuit boards' (PCBs') capacity for transferring heat along and across them and reduces the stress imposed by uneven PCB heating, which leads to failure. Because of its excellent electrical conductivity, it can immediately convey electrical impulses.

Competitive Landscape

The majority of companies engaged in actions including strategic partnerships, capacity expansion, new product development, acquisitions, and the formation of new organisations to increase production. For the purpose of expanding their customer base, market leaders are also concentrating on acquiring rival companies.

For instance:

  • In 2021, Jiangxi Copper North China Copper Co., Ltd. and Tianjin Seamless Investment Co., Ltd. formally signed a mixed reform project agreement for Tianjin Seamless Copper Co., Ltd.
  • In 2019, JX Nippon Mining & Metals, Mitsui Mining and Smelting Co., Ltd. and Pan Pacific Copper Co., Ltd. formed a joint structure for copper operations
  • In 2018, Mitsui Mining & Smelting Co., Ltd. established a marketing base for the copper foil business in China.

Scope of Report

Attribute

Details

Forecast Period

2023-2033

Historical Data Available for

2017-2022

Market Analysis

  • USD Million for Value
  • Tons for Volume

Key Countries Covered

  • China
  • U.S.
  • Canada
  • Brazil
  • Mexico
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • BENELUX
  • Russia
  • Japan
  • South Korea
  • India
  • ASEAN
  • ANZ
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Segments Covered

  • Thickness
  • Application
  • Region

Key Companies Profiled

  • 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

Report Coverage

  • Market Forecast
  • Company Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

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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

- Companies Covered in This Report -

  • Mitsui Mining & Smelting Co., Ltd.
  • JX Nippon Mining & Metals Corporation
  • Jiangxi Copper Corporation
  • Furukawa Electric Co., Ltd.
  • Nan Ya Plastics Corp.
  • Guangdong Chaohua Technology Co., Ltd.
  • Chang Chun Group
  • Co-Tech Development Corp.
  • ILJIN MATERIALS CO, LTD.
  • Circuit Foil (Solus Advanced Material)
  • Suzhou Fukuda Metal Co., Ltd.
  • LingBao Wason Copper Foil Co., Ltd.
  • Shandong Jinbao Electronics Co., Ltd.
  • SKC Ltd
  • HuiZhou United Copper Foil Electronic Material Co., Ltd.
  • Guangdong Jiayuan Technology Co., Ltd.
  • Hubei Zhongyi Technology Co., Ltd.
  • Nippon Denkai, Ltd.
  • Tongling Nonferrous Metals Group Co., Ltd.
  • KCFT (LSMTRON)

- Frequently Asked Questions -

The global market of Electrodeposited copper Foils is estimated to reach a valuation of US$ 9,224.3  Mn in 2023.

The Electrodeposited copper Foils demand in Batteries/Energy Storage is anticipated to witness a growth rate of 9.2% over the forecast period of 2023 and 2033 in terms of value.

According to PMR analysis, Mitsui Mining & Smelting Co., Ltd, JX Nippon Mining & Metals Corporation, Jiangxi Copper Corporation, Furukawa Electric Co., Ltd , Nan Ya Plastics Corp., Arcotech Ltd. And Kingboard Copper Foil Holdings Ltd, are identified as the key manufacturers in the Electrodeposited copper Foils market.

Key players in the global Electrodeposited copper Foils market are expected to account for about 45%-50% of the overall market share.

The top countries driving the global Electrodeposited copper Foils demand are Japan, Taiwan, China, U.S., Germany and India.

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