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High-end Copper Foil Market Size to Reach $1.4 Billion by 2025 Growing at a CAGR of 6.5% During 2020-2025

High-end Copper Foil

iCrowdNewswire   Jul 24, 2020  2:00 PM ET

High-End Copper Foil Market size is forecast to reach $1.4 billion by 2025, after growing at a CAGR of 6.5% during 2020-2025, owning to growing application as a printed circuit board (PCB) material. The increase in the demand for advanced consumer electronics and smart devices, growing automation in industries, and technologically advanced health care devices are diving PCB demand which in turn drives high end cooper foils market growth. In addition, the development and introduction of electronic vehicles, battery electric vehicle, and plug-in hybrid vehicle has revolutionized the transportation industry. The demand for passenger electric vehicles has been growing over the past few years. These vehicles use the lithium-ion battery pack as the energy source. As high end copper foils are used in lithium-ion batteries as current collectors the growth in demand for lithium-ion batteries is thus, influencing high end copper foil market growth.

Application – Segment Analysis
Circuit board segment held the largest share in the High-End Copper Foil market in 2019 and is growing at a CAGR of 7.2% during the forecast period. Almost all the electronic products manufactured contain printed circuit boards (PCBs). High-quality PCB manufacturing technology has allowed manufacturers of electronic products to produce smaller and more complex products. Rolled copper foil is commonly used for flexible circuit boards where smooth surfaces are favored. Demand for consumer devices, such as smartphones, PCs, tablets and medical electronics, is growing rapidly across the world. As printed circuit boards are used in almost all electronic goods, the application is likely to drive demand for high-quality copper foil over the forecast period.

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Geography – Segment Analysis
Asia Pacific held the largest share in the High-End Copper Foil market in 2019, up to 40%, owing to the increasing production activities in countries, such China and India and others. In Asia Pacific region China is the major producer of PCB, owing to the huge incentives offered by the government to PCB factories. China is also producing these circuit boards at a very low cost. In addition, Indian government invested total $77million in the FAME scheme to boost the electric vehicles manufacturing, which aims to achieve production of around 7 million EVs by December 2020. Therefore, increase in the number of electric vehicle in the country is increasing battery demand which in turn is driving high end copper foil market growth.

Drivers – High-End Copper Foil Market

Growing application as printed board material.
High-end copper foils are used in the manufacture of single and double-sided printed circuit boards (PCBs). PCBs consist of a woven glass epoxy base material, which is coated with copper on one or both sides of the plate, of varying thickness. The design of PCBs provides the electronics industry with a reliable and cost-effective way of interconnecting electronic components. With the rising global population and increasing disposable incomes of individuals, the market for electronic devices such as tablets, cell phones, mobile radios, electronic security devices and guidance control systems is increasing. With the growing implementation of PCBs in a range of electronic equipment and appliances, the demand for high-end copper foils is expected to increase over the forecast period.
Growth in electric vehicle production.

After the diesel emissions scandal in the city of California, in July 2018, Electrify America invested $44 million to bring hundreds of electric vehicles in the city. The project consists of 260 electric vehicles. In addition, in August 2018, ISRO announced the start of its new lithium-ion cell development project to provide a non-exclusive basis for automotive use. Furthermore, in June 2018, Volkswagen announced that it is using quantum computing technology to build customized batteries, with a chemical blueprint that will speed up development and production of electric vehicles batteries. Such initiatives regarding electric vehicles and batteries development are supporting high end copper foil market growth.

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Challenges – High-End Copper Foil Market

Development of single graphene sheet.
Graphene is proposed as one of the most possible replacements for copper, silicon and other materials. Graphene and related materials, such as large scale folding of graphene sheets, are similar to paper, producing origami-like or kirigami-like shapes that could be applied to future flexible circuits. The production of a single crystal graphene sheet as a replacement for copper foil is therefore expected to hinder the high end copper foil market.

Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the High-End Copper Foil Market. Major players in the High-End Copper Foil market are Mitsui Mining & Smelting Co. Ltd, Sumitomo Metal Mining Co. Ltd, JX Nippon Mining & Metals Corporation, Targray Technology International Inc., Fukuda Metal Foil & Powder Co. Ltd, and UACJ Foil Corporation, among others.

Acquisitions/Technology Launches
In July 2017, Mitsui Mining & Smelting Co. Ltd has boosted the production of electro-deposited copper foil for flexible printed circuits.

In May 2017, Mitsui Mining & Smelting Co. Ltd has increased the monthly production of its ultra-thin copper foil with carrier product to 3.3 million m2.

Key Takeaways
The governments of various countries are focusing on pushing up electric vehicle sales to reduce the pollution level and thereby the global warming. Therefore, the growth in electric vehicle production is driving high end copper foil market growth.

The Internet of Things (IoT) offers new opportunities for consumer electronics manufacturers. The number of devices connected to the Internet has risen in the last decade. Wearable devices, such as smart watches, have seen tremendous growth. Wearable Devices combines flexible sensors and chips for easy confinement to the human body. This will necessitate a revolution in developing and manufacturing technologies, which will have a greater impact on the PCB market. Therefore the growth in PCB market will influence high end cooper foil market growth.
However, due to Covid 19 epidemic, the electric vehicle manufacturing plants are being shuttered around the world, and vehicle sales are dropping. This is impacting high end copper foil market growth.

Related Reports:

A. Electrolytic Copper Foil Market

B. Metal Foil Tapes Market

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