Rising demand for application in printed circuit boards (PCB) and lithium ion batteries is boosting the growth of electrodeposited copper foils market. A new market research study suggests that global electrodeposited copper foils market will reach a value of ~US$ 20 Bn by the end of 2029.
Emerging applications of electrodeposited copper foils in grid-level energy storage systems are expected to provide lucrative opportunities for several players operating in the global electrodeposited copper foils market.
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Key Takeaways – Electrodeposited Copper Foils Market Study
Focus of governments across the world has turned towards offering favorable policy initiatives towards promotion of renewable energy. Moreover, rapid advancements are taking place in the electric vehicles sector. These factors will hold a strong direct impact on demand for energy storage devices such as batteries, thereby assisting the growth of electrodeposited copper foils market.
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Electrodeposited Copper Foils Market Competition Scenario
The global electrodeposited copper foils market consists of various international, regional, and local players who are engaged in manufacturing and marketing of electrodeposited copper foils. Although production is highly fragmented between a large numbers of players, manufacturers are mostly concentrated in China, South Korea, and Japan.
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