PORTLAND, Ore., Feb. 9, 2021
Expansion of the electronics industry, increase in sales of smartphones, and surge in adoption of e-mobility drive the growth of the global copper foil market.
PORTLAND, Ore., Feb. 9, 2021 /PRNewswire/ -- Allied Market Research published a report, titled, "Copper Foil Market by Product Type (Rolled Copper Foil and Electrodeposited Copper Foil), Application (Printed Circuit Boards, Batteries, Electromagnetic Shielding, and Others), and End-user Industry (Electrical & Electronics, Automotive, Industrial Equipment, Building & Construction, and Others): Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global copper foil industry generated $12.4 billion in 2019, and is estimated to generate $21.8 billion by 2027, manifesting a CAGR of 7.2% from 2020 to 2027.
Drivers, restraints, and opportunities
Expansion of the electronics industry, increase in sales of smartphones, and surge in adoption of e-mobility drive the growth of the global copper foil market. However, presence of alternative metal foils hinders the market growth. On the other hand, development of innovative copper foil products presents new opportunities in the coming years.
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The rolled copper foil segment to maintain its leadership position throughout the forecast period
Based on type, the rolled copper foil segment accounted for the highest market share, accounting for less than two-thirds of the global copper foil market in 2019, and will maintain its leadership position throughout the forecast period. This is due to its abundant usage in PCBs, batteries, and EMI shielding materials. However, the electrodeposited copper foil segment is expected to manifest the fastest CAGR of 8.0% from 2020 to 2027, owing to surge in demand in PCB manufacturing.
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The printed circuit boards segment to maintain its dominant share during the forecast period
Based on application, the printed circuit boards segment held the highest market share in 2019, accounting for less than two-thirds of the global copper foil market, and is estimated to maintain its dominant share during the forecast period. This is attributed to PCBs being the backbone of electronic components, and integrated with almost every electronics product. However, the batteries segment is estimated to portray the largest CAGR of 9.0% from 2020 to 2027, owing to the growth in need for electric vehicles in the next few years.
Asia-Pacific, followed by North America, to maintain its leadership status by 2027
Based on region, Asia-Pacific, followed by North America, accounted for the highest share in 2019, contributing to nearly half of the global copper foil market, and will maintain its leadership status by 2027. This region is projected to witness the highest CAGR of 7.7% during the forecast period. This is due to presence of well-established electronics & electric vehicle market players. The report also analyzes regions including Europe and LAMEA.
Leading market players
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