Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up at a quick pace, registering a CAGR of almost 8.67% during the tenure of 2021-2027.
Copper foil is commonly used in printed circuit boards (PCBs), the anode current collector in lithium-ion batteries, and electronic device electromagnetic shielding. Copper foil is used in a variety of electronic applications, including smartphones, flexible electronics, lithium-ion batteries, automotive electronics, and televisions. Copper foil can also be found in decorative elements as monasteries, gold signage, tile mosaics, and handicrafts.
Increased demand for electronic gadgets across numerous end-user industries, including consumer electronics and electric cars, is driving the Copper Foil Market. Smartphones are a major consumer of copper foil in consumer electronics. Thanks to the expansion of the 5G network, smartphone sales are likely to rise even more during the forecast period. PCBs used in telecommunications devices such as PCs and mobile phones are made of copper foil. Also, the evolving EV market is expected to have a significant impact on copper demand, making the copper foil market beneficial. During the forecast period, factors such as the availability of aluminum foil as a substitute for copper foil and copper scarcity are expected to limit the Copper Foil Market’s growth.
The report published by Maximize encompasses the market dynamics which could affect the market growth of the copper foil in the region, the Value-Chain Analysis, and Porter’s Analysis for the market at a global level.
The study is consolidated based on segments and further into sub-segments, based on Thickness (below 10um, 10um – 20um, 20um – 50um, above 50um), and Application (printed circuit boards, and lithium-ion batteries).
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players – Doosan Group, ENEOS Holdings Inc., Fukuda Metal Foil & Powder Co. Ltd., Furukawa Electric Co. Ltd., Iljin Materials Co. Ltd., Mitsui Mining & Smelting Co. Ltd, Rogers Corporation, SKC, Sumitomo Metal Mining Co. Ltd, Targray Technology International Inc., UACJ Foil Corporation, Hitachi Cable, JX Nippon Mining & Metal, Olin Brass, Amari Copper Alloy Ltd., Acrotech Ltd., and Others.
You can browse the market data tables and figures spread through a comprehensive research report and an in-depth TOC on the “Copper Foil Market.”
https://www.maximizemarketresearch.com/market-report/copper-foil-market/122392/
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