Electrodeposited Copper Foils Market

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

About the Report

Electrodeposited copper foils are produced by deposition of copper particles from a copper solution onto a rotating titanium drum. Demand for electrodeposited copper foils from various end-use industries is growing substantially since the past few decades, and growth is expected to continue over the next few years on the back of growth of electronics and electric mobility sectors across the globe. High production of printed circuit boards due to their high consumption in consumer electronics goods such as computers, mobiles, televisions, telecommunication equipment, laptops, circuit boards, etc., are factors expected to drive demand the most.

In its revised study, market research and consulting firm Persistence Market Research offers insights about key factors driving demand for electrodeposited copper foils. The study also expands on the previous competitive landscape section, and readers will get to know the key strategies of established players as well as new entrants. This edition (2021-2031) brings readers up-to-date with key market developments, providing analysis on how manufacturers and other stakeholders are reacting to change. Key industry metrics have been captured, and their impact on electrodeposited copper foil sales has been analyzed. The report tracks global sales in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the electronics and automotive markets in general, and electrodeposited copper foils in particular.

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Companies

  • 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)

Historical and Future Market Outlook

Electrodeposited copper foils are utilized in rigid printed circuit boards, flexible printed circuit boards, lithium-ion batteries, high-power batteries of hybrid and electrical vehicles, and others. Growing preference for use of electrodeposited copper foils in printed circuit boards in consumer electronics goods such as computers, mobiles, televisions, telecommunication equipment, laptops, and circuit boards, amongst others, is driving market growth. Owing to growing use in batteries that power electric vehicles, as well as printed circuit boards (PCBs) for connecting vehicles, as it is necessary to link vehicles with smartphones, other technologies such as unlocking vehicles, auto control mode, weather monitoring, and others, automotive is a key end-use industry influencing demand for electrodeposited copper foils. Fluctuating prices of petroleum products are increasing demand for electric vehicles, significantly surging the usage of electrodeposited copper foils.

Leading manufacturers are focusing on developing advanced electrodeposited copper foils with lower thickness levels, as per industry demands. For instance, Co-Tech Development Corp. a Chinese manufacturer of electrodeposited copper foils, launched new products such as double treatment foils and VLP & thin RTF. These advancements by market participants are expected to be crucial in boosting demand for electrodeposited copper foils over the forecast period.

With the ongoing crisis caused by the COVID-19 pandemic, manufacturing and supply chain operations have seen a small drop; however, demand is anticipated to increase as economies recover and the pandemic situation stabilizes. At various stages, the COVID-19 pandemic has had a significant effect on the global economy, and the impact has also seen on the electrodeposited copper foils space. The electronics industry, a major end user of printed circuit boards and batteries, had already experienced a downturn in 2019 with decreased electronics goods sales, and thereby, reduced production. COVID-19 further impacted growth of the electronics industry, depleting demand for electrodeposited copper foils during the pandemic period. Furthermore, the global electrodeposited copper foils market was affected by supply chain disruptions, shortage of raw materials, and government lockdowns and shutdowns across regions.

Persistence Market Research expects the global electrodeposited copper foils market to expand at close to 10% CAGR through 2031. This growth is attributed to increasing consumption of electrodeposited copper foils in the electronics industry and government initiatives toward increasing sales of electric vehicles, which would require increased production of PCBs and batteries.

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What is the Commercial Potential of Electrodeposited Copper Foils?

Electrodeposited copper foils are used in printed circuit boards, EMI shielding, batteries, switchgear, and others. These foils are mostly used in rigid printed circuit boards and flexible printed circuit boards, lithium-ion batteries in electronics & electrical goods, automotive vehicles, and others. Electrodeposited copper foils have a wide variety of industrial applications and benefits over other materials, which is expected to drive demand growth in the near future. Further developments in ultra-thin electrodeposited copper is anticipated to bolster the market in the future.

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Why is R&D Key to Market Consolidation?

To achieve a competitive advantage, some of the major players are investing in R&D. Vendors are using product creation and positioning techniques to gain market advantage in this space. Manufacturers are investing in R&D to create new products for end-user markets. They are also partnering with major end users to provide customized, new solutions. Expansion is anticipated as businesses around the world focus more on research initiatives. With increasing demand for electrodeposited copper foils in batteries, manufacturers are further investing in expansion activities to satisfy this increased demand and bolster their market share.

Furthermore, developing sales and service facilities in emerging markets, as well as long-term relationships with regional distributors, pave the way for channel scope expansion. Companies are concentrating their efforts on developing new and advanced product grades, especially for applications where they currently have a strong market position. For instance, key manufacturers are concentrating on designing copper foils for next-generation high-speed communication, such as 5G technology, in order to create a copper foil that is suitable for applications that the electronics industry requires. Also, manufactures are looking toward phasing out arsenic acid and finding an alternative because of its toxic nature; arsenic acid is used at the time of processing copper foil.

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What is the Regulatory Impact on Global Sales of Electrodeposited Copper Foils?

Numerous standards have been implemented by the Association Connecting Electronics Industries (IPC) for printed circuit boards, such as they should not oxidize after exposure of two hours at 2000c, and also on the use of arsenic acid. REACH and the European Union also have regulations on the use of arsenic acid as it is a toxic substance, and has adverse effects on the environment and health of humans as well as animals. Such measures are anticipated to spur demand for electrodeposited copper foils in the foreseeable future.

electrodeposited-copper-foils-market

Country-wise Insights

How Large is the Opportunity in China for Electrodeposited Copper Foils?

China is a hub for manufacturing of electrical and electronic products, as well as automobiles and other major industries. Electrodeposited copper foils witness high demand in the country, on the back of increased demand from electronics consumer goods manufacturers. Adoption of printed circuit boards in electronic goods such as televisions, computers, smartphones, and others is rising day by day.

Furthermore, since China is one of the world's leading exporters of automobiles, rapid growth of the automotive industry has had a positive impact on electrodeposited copper foil demand. Furthermore, China is home to more than 60% of electric vehicle manufacturers, and electrodeposited copper foil is primarily used in batteries that power these vehicles. This opens up a lot of opportunities for electrodeposited copper foil manufacturers to bring new and creative products to the market. Key manufacturers are engaged in expansion of production capacity to meet this rising demand. For instance, Jiangxi Copper Corporation launched an expansion project named Jiangtong Yates Copper Foil Co., Ltd., a phase III 15,000 tons/year electrolytic copper foil reconstruction project, in order to expand its copper foil production capacity.

Which Sector is Surging Sales of Electrodeposited Copper Foils in Taiwan?

Taiwan is a one of the top exporters of electronic goods in the world. According to the Taiwan Printed Circuit Association, the Taiwan PCB industry increased by 5.1% in 2020; this growth for electronics in Taiwan creates significant opportunity for electrodeposited copper foil manufacturers. Shift from 4G to 5G technology will bring significant growth opportunity for major PCB producers. To meet this demand, expansion is a key strategy being adopted by key players in the electrodeposited copper foils market in the country. For instance, Nan Ya Plastics Corp invested US$ 177.8 million to build a new plant in Taiwan, to expand its production capacity for copper foils.

What Market Strategies are being Adopted by Major Players in Japan?

For several decades, Japan's electronics industry has become the most prosperous and innovative in the world. Electrodeposited copper foils are used in printed circuit boards, lithium ion batteries, and other electronic components. As a result, development of the electronics industry is driving demand for electrodeposited copper foils. In addition, Japan's automotive industry is expected to stimulate the market for electrodeposited copper foils during the forecast period. Most of the key participants in the country are collaborating with regional players for expanding there footprints. For instance, JX Nippon Mining & Metals, Pan Pacific Copper Co., Ltd. And Mitsui Mining and Smelting Co., Ltd. formed a joint structure for copper operations.

How is the Consumer Electronics Sector Proliferating Demand for Electrodeposited Copper Foils in South Korea?

Consumer electronics goods have more than 65% share of the total electronics industry in South Korea. Also, the country is one of the major manufacturing hubs of electronics goods, which is expected to create significant demand for electrodeposited copper foils in the country. Moreover, in South Korea, the automotive industry is one of the leading industries, and is anticipated to boost the use of electrodeposited copper foils, owing to their high application in batteries for automotive vehicles.

How are Electrical and Hybrid Vehicle Sales Influencing the U.S. Market for Electrodeposited Copper Foils?

Growth of the hybrid electric vehicles industry is a significant opportunity for market players in the U.S. As electrodeposited copper foil finds application in the batteries that power electric vehicles, demand in the country is set to surge. The overall automotive industry is also a large consumer of electrodeposited copper foils, subsequently driving demand growth in the U.S. Furthermore, with the country's numerous technical advances, the United States is one of the most appealing locations for producers.

Category-wise Insights

Why are Electrodeposited Copper Foils with Less than 20 Micron Thickness Popular?

< 20 microns dominated the global electrodeposited copper foils market, and this segment is projected to continue its dominance over the forecast period by witnessing highest growth amongst other types. This growth is attributed to growing demand from various applications such as rigid printed circuit boards, flexible printed circuit boards, lithium-ion batteries, and high-power batteries of hybrid and electrical vehicles. Thus, high demand for PCB and lithium-ion batteries is significantly bolstering demand for < 20 micron copper foils.

Which Application of Electrodeposited Copper Foils is the Most Attractive?

The printed circuit boards segment is projected to dominate the global electrodeposited copper foils industry, followed by batteries and switchgear. The batteries segment is expected to expand at the highest rate, owing to increasing production of hybrid electric vehicles; electrodeposited copper foils are a core material in the batteries of electric vehicles. Demand is expected to substantially increase in key emerging countries over the forecast period.

Competitive Landscape

The electrodeposited copper foils market is a significantly competitive, dominated by global players offering competitively priced products. Leading market manufacturers are gradually concentrating on positioning innovative technologies to design electrodeposited copper foils, to improve the operating efficiency of commercial and industrial facilities. Market players have strong partnerships throughout the value chain. There is a fair amount of emphasis on innovation in this space. Businesses dealing with electrodeposited copper foils seek strategic collaborations with regional end users and distributors to meet the needs of a growing consumer base. Electrodeposited copper foil suppliers are also adopting acquisition and regional expansion strategies to gain a stronger foothold. Brand awareness and aggressive marketing is a challenge for new competitors entering this market.

Some of the leading companies operating in the market are:

  • 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

*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.

Scope of Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value and Tons for Volume

Key Regions Covered

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

Key Countries Covered

  • US
  • Canada
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • China
  • Japan
  • South Korea
  • India
  • Thailand
  • Malaysia
  • Vietnam
  • Indonesia
  • Australia
  • New Zealand
  • GCC Countries
  • Turkey
  • Northern Africa
  • South Africa

Key Segments Covered

  • By Application
  • By Product Type
  • By Application

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.
  • Suzhou Fukuda Metal Co., Ltd.
  • LingBao Wason Copper Foil Co., Ltd.
  • Shandong Jinbao Electronics Co., Ltd.
  • Solus Advanced Materials
  • SKC Ltd

Report Coverage

  • Market Forecasts
  • Brand Share Analysis
  • Competition Intelligence
  • DROT Analysis
  • Market Dynamics and Challenges
  • Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Market Segmentation by Category

Thickness

  • <20 μm
  • 20-50 μm
  • >50 μm

Application

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

Region

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

Key Questions Answered in Report

Q1. Which is the most lucrative market for electrodeposited copper foils?

East Asia currently leads the global markets for electrodeposited copper foils.

Q2. Which are the most commonly used electrodeposited copper foil?

<20 μm and 20-50 μm are the most commonly used electrodeposited copper foils.

Q3. Which end-use application is demanding the highest requirement of electrodeposited copper foils?

Electrodeposited copper foils are widely used in printed circuit boards. Also, usage in batteries and switchgear is increasing day by day.

Q4. Which are some of the leading companies in this market place?

Some of the leading companies manufacturing electrodeposited copper foils are Mitsui Mining & Smelting Co., Ltd., JX Nippon Mining & Metals Corporation, Jiangxi Copper Corporation, Furukawa Electric Co., Ltd, Nan Ya Plastics Corp., Chang Chun Group, Solus Advanced Materials, etc.

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