Copper Foil Market - By Type (Electrodeposited, Rolled Copper Foil), By Thickness (Standard Thickness, Other Thickness), By Application (Printed Circuit Boards, Lithium-Ion Batteries, Electromagnetic Shielding), By End-Use & Forecast, 2024 – 2032

Copper Foil Market Size

Copper Foil Market size was valued at over USD 4.1 billion in 2023 and is estimated to register a CAGR of around 5.2% between 2024 and 2032.  The increasing demand for consumer electronics and the growth of the automotive industry drive the demand for copper foil. The expansion of power infrastructure, renewable energy projects, and grid modernization initiatives contribute to the demand for copper foil.
 

The automotive industry requires copper foil for various electrical and electronic components, including wiring harnesses, connectors, and sensors. The increasing integration of advanced electronics and electrical systems in vehicles, such as electric and hybrid vehicles, boosts the demand for copper foil.

The copper foil market is directly influenced by the price fluctuations of copper, as copper is the primary raw material used in its production. Fluctuating copper prices can create uncertainty in the market, impacting the cost of production and profitability for copper foil manufacturers. Disruptions in the supply chain, such as natural disasters, geopolitical tensions, or logistical challenges, can impact the availability of raw materials and affect production and delivery schedules. Such disruptions can lead to supply shortages, increased costs, and customer dissatisfaction.
 

The copper foil industry is highly competitive, with numerous players operating on a global scale. Intense competition can lead to price pressures, reduced profit margins, and the need for continuous innovation and differentiation to stay ahead in the market. Thus, the high-end pricing and risks associated with copper foil may drive down the acceptance rate, further hampering the copper foil market growth.
 

COVID-19 Impact

The pandemic disrupted global supply chains, including the copper foil supply chain. Restrictions on transportation, border closures, and lockdown measures led to delays in the delivery of raw materials and finished products. This resulted in supply shortages and increased lead times for copper foil manufacturers. The global economic downturn caused by the pandemic led to a decline in demand for various industries that utilize copper foil, such as electronics, automotive, and construction. Manufacturing slowdowns, reduced consumer spending, and project postponements impacted the demand for copper foil products.
 

The copper foil market experienced price volatility during the pandemic. Initially, copper prices declined due to reduced demand and economic uncertainty. However, as economic activities gradually resumed and stimulus measures were implemented, copper prices rebounded and reached new highs, propelled by factors such as infrastructure investments and the global transition to renewable energy. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is anticipated to drive the market growth.
 

Copper Foil Market Trends

The increasing demand for electronic devices, including smartphones, tablets, laptops, and wearable devices, is augmenting the copper foil industry growth. Copper foil is a crucial component in the manufacturing of printed circuit boards (PCBs) used in these devices. The rapid advancements in technology, such as 5G connectivity, Internet of Things (IoT), and artificial intelligence, are further boosting the demand for copper foil. The global shift towards electric vehicles is rising the demand for copper foil. Copper foil is used in various components of EVs, including power electronics, battery systems, and charging infrastructure.
 

As governments and automakers focus on reducing carbon emissions and transitioning to electric mobility, the demand for copper foil in the EV industry is slated to witness significant growth. The Asia-Pacific region, particularly China, Japan, and South Korea, is a significant consumer and producer of copper foil. The presence of major electronics manufacturers, rapid industrialization, and the growing adoption of electric vehicles in the region are driving the demand for copper foil. The Asia-Pacific region is expected to remain a key market for copper foil.
 

Copper Foil Market Analysis

Based on type, the copper foil market is segmented as electrodeposited, and rolled copper foil. The Electrodeposited segment accounted for USD 2.88 billion in 2022. Electrodeposited copper foil is widely used in the production of printed circuit boards (PCBs) for electronics. The demand for electrodeposited copper foil is primarily led by the growing electronics industry, including smartphones, tablets, laptops, and other electronic devices. The increasing demand for high-speed data transmission, miniaturization of electronic components, and advancements in 5G technology contribute to the demand for electrodeposited copper foil.
 

Rolled copper foil is extensively used in the flexible printed circuit boards (FPCBs) and lithium-ion batteries. The demand for rolled copper foil is driven by the growing market for flexible electronics, such as flexible displays, wearable devices, and curved screens. The increasing adoption of electric vehicles and the need for high-performance lithium-ion batteries also contribute to the demand for rolled copper foil. Moreover, an increasing usage in applications will further accelerate the segmental growth.
 

Based on thickness, the copper foil market is segmented as standard thickness, and other thickness. The Standard thickness held approximately 60% of the market share in 2022 and is predicted to observe lucrative pace by 2032. Standard thickness copper foil, ranging from 10µm to 70µm, finds applications in various industries, including electronics, automotive, aerospace, and construction. It is commonly used in the production of printed circuit boards (PCBs), where it serves as a conductive layer.
 

The demand for standard copper foil is impelled by the overall growth of the electronics industry and the increasing demand for PCBs in various electronic devices and equipment. The demand drivers for copper foil thickness are closely tied to the specific requirements of different industries and applications. Factors such as miniaturization, flexibility, high electrical conductivity, mechanical strength, and power-handling capacity influence the choice of copper foil thickness in various applications.
 

Based on application the copper foil market is segmented as printed circuit boards, lithium-ion batteries, electromagnetic shielding, decorative applications, and others. The Printed circuit boards segment is poised to grow at 6.6% CAGR through 2032. The production of PCBs is one of the primary applications for copper foil. Copper foil is used as a conductive layer in PCBs, providing electrical connectivity between components and circuits. The demand for copper foil in the PCB industry is driven by the growth of the electronics sector, including consumer electronics, telecommunications, automotive electronics, and industrial equipment.
 

 The increasing adoption of advanced technologies, such as 5G, Internet of Things (IoT), and autonomous vehicles, contributes to the demand for copper foil in PCBs. Thus, the high-quality services and growing number of copper foil at diagnostic laboratories are projected to expedite the business growth.
 

Based on end-use the copper foil market is segmented as Electronics, Automotive, Energy Storage, Construction, Aerospace and Defense, Others. Electronics captured the dominant market share in 2022. The electronics industry is a major consumer of copper foil, particularly for applications such as printed circuit boards (PCBs), lithium-ion batteries, electromagnetic shielding, and flexible electronics. The growing demand for electronic devices, including smartphones, tablets, laptops, and automotive electronics, drives the demand for copper foil in this sector.
 

The electronics industry is a major consumer of copper foil, particularly for applications such as printed circuit boards (PCBs), lithium-ion batteries, electromagnetic shielding, and flexible electronics. The growing demand for electronic devices, including smartphones, tablets, laptops, and automotive electronics, drives the demand for copper foil in this sector.
 

U.S. copper foil market dominated the North American region with majority revenue share and a revenue of USD 1.22 billion in 2022 and is likely to expand at a significant pace from 2023 to 2032. This majority market share is attributable to several factors such as the rising prevalence of chronic diseases and blood disorders rising healthcare expenditure along with surged product adoption across the country. The presence of prominent players is engaged in the novel technologies adoption that facilitates the industrial expansion in the region. The high prevalence of chronic & blood diseases and the rising hospital admission in the region emphasize the growing need for blood transfusion in related procedures.
 

Copper Foil Market Share

Some of the major market players operating in the copper foil market are:

• Abbott Laboratories
• BAG Healthcare GmBH
• Bio-Rad Laboratories  Inc
• Danaher Corporation
• Diagnostica Stago
• DiaSorin S.p.A.F.
• Hoffmann-La Roche Ltd
• Grifols S.A
• Hologic, Inc.
• Immucor Inc
• Merck KGaA
• Ortho Clinical Diagnostics
• Quotient Ltd
• Thermo Fisher Scientific Inc. 

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Copper Foil Industry News:

• In May 2021, Ortho Clinical Diagnostics announced the launch of ORTHO VISION Swift and ORTHO VISION Max Swift Analysers. These analysers provide enhanced copper foil and offers labs with more processing power, enhanced responsiveness, and advanced data security to ensure fast, accurate, and reliable test results. This innovative product launch helped the company to increase their product portfolio and enhance their business revenue.
   
• In March 2021, Bio-Rad Laboratories, Inc. announced a strategic partnership with Roche for providing InteliQ products Unity QC data management solutions to customers worldwide. These products and solutions offer a wide range of blood screening capabilities including immunoassay, chemistry, cardiac assessment, immunology, diabetes, coagulation, etc. This strategic partnership helped the company to increase their customer base and gain a competitive edge over its peers.
   

This copper foil market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Kilo Tons from 2018 to 2032, for the following segments:

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Market, By Type

• Electrodeposited
• Rolled Copper Foil

Market, By Thickness

• Standard thickness
• Other thickness

Market, By Application

• Printed Circuit Boards
• Lithium-Ion Batteries
• Electromagnetic Shielding
• Decorative Applications
• Others

Market, By End-use

• Electronics
• Automotive
• Energy Storage
• Construction
• Aerospace and Defense
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE