As cited by the research report titled ‘Global Copper Foil Market (Value, Volume) ? Analysis By Product (Electrodeposited, Rolled), Industry (PCBs, LiB, EM Shielding), Application, By Region, By Country (2020 Edition): Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report, global copper foil market amounted to 177.25 thousand tons in 2019 and is projected to cross USD 10 billion by the end of study duration.
 

Rising demand for electric vehicles due to increasing crude oil prices, development in electrical & electronic industry, and rise in automotive production are primarily driving the global copper foil market growth. Additionally, rising use of copper foils in the manufacturing of lithium-ion batteries and printed circuit boards (PCBs) is likely to generate lucrative opportunities for industry players in the upcoming years, claims the study.
 

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On the downside, stringent lockdown mandates due the Covid-19 pandemic and subsequent decline in Chinese economic activity, with many industries and building projects postponed along with supply-demand shocks, are restraining the market progression.
 

Based on product type, the industry is segmented into rolled copper foil and electrodeposited copper foil. Among these, electrodeposited copper foil segment is anticipated to hold a substantial market share over the forecast duration due to rising demand for its applications in rigid circuits & batteries, and growing printed circuits boards production in consumer electronics vertical.
 

Speaking of the division by industry, the worldwide copper foil marketplace is divided into lithium-ion batteries, printed circuit board, and electromagnetic shielding. Among these, the printed circuits boards segment holds a considerable share, as PCBs are used in almost all electronic products and consumer gadgets like tablets, PCs, smartphones, and other medical electronics products.
 

Considering the application range, the business space is divided into automotive, building & construction, industrial equipment, electrical & electronics and others. As cited in the report, electrical & electronics segment is expected to maintain a significant market share owing to the opportunities arising from rapid economic development & globalization, rising disposable incomes of people, and emerging e-sports industry.
 

Geographically, Asia Pacific (China, Taiwan, Japan, South Korea), Europe (Germany, Spain, France, Italy), and North America (United States, Canada), are major contributors to the overall copper foil industry value. Of these, Asia Pacific holds a considerable market share and is poised to showcase lucrative growth trends over the forecast duration, on account of rising electronics production activities in countries like China, growing EV market in China, and strong presence of PCB producers in the region. Additionally, flourishing electrical and electronic industry in the region is likely to bolster the demand for copper over the forecast timeframe.
 

Major players influencing the industry trends are Rogers Corporation, Global Brass and Copper Holdings Inc., Nuode Investment Co Ltd., Iljin Materials Co Ltd., KCF Technologies Co. Ltd., Mitsui Mining & Smelting Co. Ltd., JX Nippon Mining & Metals Corporation, Doosan Group, Furukawa Electric Co. Ltd., and Targray.