Copper Foil Market Overview 2023-2032 – Key Opportunities And Strategies

The Copper Foil Global Market Report 2023 by The Business Research Company, provides copper foil market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Copper Foil Global Market Report 2023, the market size is expected to grow from$10.44 billion in 2022 to $11.79 billion in 2023 at a compound annual growth rate (CAGR) of 12.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the copper foil is expected to grow to $18.13 billion in 2027 at a CAGR of 11.4%.

Increasing demand for electric vehicles is expected to propel the growth of the copper foil market going forward. Electric vehicles refer to vehicles that work on electricity stored in their batteries. Copper foil is used in the production of electric batteries, electric motors, and electric car wiring to provide an electric current to the vehicles.

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The copper foil market is segmented:

1) By Product Type: Rolled Copper Foil, Electrodeposited Copper Foil

2) By Grade: Electrolytic Tough Pitch Copper (ETP), Deoxidized High Phosphorus Copper (DHP)

3) By Application: Printed Circuit Boards, Batteries, Electromagnetic Shielding, Other Applications

4) By End-User: Electrical and Electronics, Automotive, Industrial Equipment, Building and Construction, Other End-Users

Product innovations have emerged as a key trend gaining popularity in the copper foil market. Major companies operating in the copper foil sector are focused on introducing new products to sustain their position in the market. For instance, in January 2021, Infinite Flex, a Germany-based company that develops and manufactures copper foils and copper powder, launched infinite powder Cu 01, a pure copper powder that is manufactured by using bound metal filament extrusion technology. This helps in the manufacture of highly conductive copper components with the unique standard SLM systems.

The copper foil market report table of contents includes: