Copper Foil Market 2019 Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2023

“Copper Foil Market Manufacturers Entry Strategies, Feasibility Studies and Industry Strategic Plan for Positive Growth to 2023”
Copper Foil Market Research Report: by Type (Electrodeposited Copper Foil, Rolled Copper Foil), by Application (Electrical & Electronics, Automotive, Industrial Equipment, Building & Construction, Others), and Region – Global Forecast till 2023


The global copper foil market size is estimated to reach USD 17,321.8 million by 2023, asserts Market Research Future (MRFR). The market can achieve this benchmark by exhibiting 10.31% CAGR from 2018 to 2023 (forecast period).

Copper foils are sheets of copper which are obtained via hammering, electrolysis, and rolling. They are available in different units of thickness depending on its application. Copper foils are recommended owing to its electrical conductivity, thermal conductivity, and corrosion resistance. The global copper foil market is set to touch a value of USD 17,321.8 million by 2023, growing at 10.31% CAGR over the forecast period (2018-2023), as per the findings of Market Research Future (MRFR).

The elevated demand for electric vehicles (EV) owing to rapid development in the electrical & electronic sector and rise in crude oil prices can drive the copper foil market growth in an upward trajectory. Adoption of copper foils in the production of lithium-ion batteries and printed circuit boards (PCBs) can facilitate this trend. Investments in EV battery infrastructure to support the sunrise sector is likely to boost the copper foil market demand till 2023. 

Competitive Analysis:

Major producers in the copper foil market are Carl Schlenk AG (Germany), Krishna Copper Private Limited (India), Global Brass and Copper Holdings Ltd. (U.S.), JX Nippon Mining & Metals Corporation (Japan), Amari Copper Alloy Ltd. (U.K.), Civen Metal Material Co., Ltd. (China), Lamineries Matthey (Switzerland), Mitsui Mining & Smelting Co., Ltd. (Japan), Arcotech Ltd. (India), Rogers Corporation (U.S.), and Circuit Foil Luxembourg (Luxembourg).

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The inclination towards green energy owing to the sharp rise in crude oil prices has led to consumers shifting their attention to alternative sources such as electric. Interest in electromobility among consumers has spiked the demand for electric vehicles. Elevated sales of EVs are expected to drive the market demand till 2023. Adoption of hybrid vehicles and EVs by consumers in Europe and North America is likely to spike the demand for copper foils. In addition, need for foils in the production of printed circuit boards (PCBs) and lithium-ion batteries is certain to open up new avenues for the market.

Investments and collaborations are on the rise by EV manufacturers. They are increasingly investing in regions of interest to reduce the dependence on imports and minimize production costs. This is exemplified by the collaboration between BMW and Northvolt AB to build an EV battery plant in 2018. The burgeoning automotive sector is likely to trigger immense demand from the copper foil market till 2023. This can be attributed to high sales of cars coupled with the need for foils in manufacturing automotive components.

Thin copper foils have gained prominence owing to their lightweight nature and high performance in end-use industries. This in tune with the shift to better production processes in tune with environmental regulations.

Segmentation Analysis:

The copper foil market is segmented by type and application.

By type, electrodeposited foils can touch a value of USD 11,158 million by 2023. The demand for these foils in printed circuit boards (PCBs) and rigid circuits can facilitate segment growth throughout the forecast period. The use of PCBs in the consumer electronics sector is predicted to drive the demand in the segment. Rolled copper foils, on the other hand, is expected to generate USD 6,163.8 million by 2023, growing at 8.50% CAGR during the assessment period.

By application, the electrical & electronics segment is touted to reach a value of USD 7,650.1 million by 2023. This can be attributed to the demand for PCBs and lithium-ion batteries in consumer electronic products. Sales of smartphones is likely to bolster the segment demand till the end of the forecast period. The automotive segment, on the other hand, can reach USD 5,457.6 million by 2023. Sales of electric and hybrid vehicles is projected to drive segment growth.

Regional Analysis:

Region-wise, the copper foil market is segmented into North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). APAC accounted for 53.3% market share in 2017, followed by 18.2% share by Europe, and 16.7% share by North America.

The APAC region is predicted to generate close to USD 9,648.7 million by 2023. Rapid urbanization and increased demand for electronic products is expected to boost market sales in the region. In addition, the shift to domestic production of these items in countries such as China, Indonesia, and India can augur well for the copper foil market till 2023. Miniaturization of components and focus of manufacturers to expedite the production process via the manufacture of thin coils can facilitate regional growth.

The Latin America market can exhibit 9.23% CAGR during the forecast period owing to rapid industrialization and demand for electric vehicles.

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Intended Audience

  • Copper Foils Producers
  • USGS
  • ICSG – International Copper Study Group
  • Traders and Distributors
  • Raw Material Suppliers

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