Copper Foils Market Demand, Trends Opportunities 2022 to 2028
The global copper foils market size was valued at USD 5.42 billion in 2021 and is poised to grow at a significant CAGR of 7.2% during the forecast period 2022-28. Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on “Copper Foils Market: By Type (Electrodeposited Copper Foil, Rolled Copper Foil), Application (Electrical & Electronics, Building & Construction, Industrial Equipment, Others), and Geography-Global/Region/Country Forecast to 2028.” The global copper foils market was valued at USD 12.9 billion in 2021 and is estimated to grow at USD 21.7 billion till 2028 growing at a CAGR rate of 7.8% during the forecast period 2022-2028.
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An overview on the Global Copper Foils Market
Copper foil is relatively uncommon product among other household merchandises which are bought and wholesaled for every year. Copper foils have a huge range of applications in industry and home. Furthermore, broken windows are also repaired with the use of copper foil. Another major application of copper foil is in the household for preserving chemicals and nonfood products. All these factors are likely to fuel the market growth. But, because of its greater resistance and superior flexibility to heat hampers the growth of market. This market is being fuelled by the increasing electronics industry which includes an extensive array of electronic systems and products. It is because of the copper foil use in printed circuit boards that are used in different modern electronics applications from consumer electronics to military electronics such as surveillance, navigation and missiles.
Copper foil finds an extensive range of applications into industrial equipment, electrical & electronics, building & construction and others. Among these, one of the major application segments for copper foils is the electrical & electronics. It is anticipated to bolster the market during the forthcoming years. Copper foils find growth in electrical and electronics because of the growing demand for lithium-ion batteries and in customer electronic products. Increase in the trades of smartphones is also projected to impel the growth of segment till the end of forecast time span.
Asia Pacific accounted for major share in the Global Copper Foils Market
Asia Pacific is one of the leading manufacturers of copper foils because of the growing demand in the region for copper foils from electric & electronics industry. In china, the fabrication of copper in the last two decades exponentially offering enough amount of raw material to the copper films producers. In Asia Pacific, China is the major copper foils buyer. North America is also anticipated to witness considerable growth because of the accumulation of defense, military and aerospace in Canada and U.S. Europe also witnesses a maximum potential to be the leading market because of the fast technological developments in the region.
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Competitive Analysis - Global Copper Foils Market
There are a few major players working in the global copper foils market which include Targray Technology International Inc., L. Laminates d.o.o., JX Nippon, China-Kinwa High Technology Co., Ltd and Furukawa Electric Co., Ltd. These players in the market focus on following major strategies to strengthen their position.
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