The Copper Foil Market Size was valued at USD 7.45 Billion in 2023. The Copper Foil industry is projected to grow from USD 8.04 Billion in 2024 to USD 14.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.91% during the forecast period (2024 - 2032). Copper foil is a thin sheet created by rolling copper. This product has high conductivity and also electrical properties. It is a conductor used in batteries and other circuit boards. The foil's surface has a low temperature, making it appropriate for insulating metals. The foil's electromagnetic capabilities generate considerable demand over the predicted period. Copper foil is widely used in a variety of items, including batteries and electrical devices. Copper foils are used in tablets, cellphones, PCs, and medical devices. Copper foils are created via hammering, rolling, and electrolysis. Because the thickness of the copper foils may be customized, the product is in high demand. The product's corrosion resistance and conductivity are standout attributes.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The demand for electronic items like smartphones, computers, electronic security devices, and guidance control systems is mostly driven by the exponential growth in population and rising disposable incomes. Due to its superior thermal and electrical characteristics, copper foil is used as a conducting material in electronic devices. When copper is utilized in circuit boards, its ability to transport heat is improved, and the stress brought on by the circuit board's uneven heating is reduced. The demand for electronic products is anticipated to increase throughout the projected period as a result of the development of digitalization, online learning platforms, and the internet of things (loT), which will support market growth.
In 2024 Furukawa Electric launched a new high-performance copper foil designed for advanced electronic applications.
In 2023 Sumitomo Electric introduced innovative copper foil products with enhanced conductivity and reliability.
The market segmentation, based on Type, includes Electrodeposited Copper Foil and Rolled Copper Foil. The Rolled Copper Foil segment may dominate the market. Due to the numerous advantages, it offers over other segments. Some of these advantages include its superior conductivity, flexibility, and durability. Additionally, rolled copper foil is also easier to work with and can be applied to a variety of surfaces.
Based on Application, the global market segmentation includes Electrical & Electronics, Building & Construction, Industrial Equipment, Automotive Batteries, and Others. The automotive battery foil segment is expected to dominate the market during the forecast period. The rising demand for electric vehicles is expected to drive the demand for automotive battery foil. The automotive battery foil is used as a current collector in batteries for electric vehicles. It is widely used in the anode and cathode of lead-acid batteries, lithium-ion batteries, and nickel-metal hydride batteries. The automotive battery foil offers good electrical and mechanical properties, such as high electrical conductivity, high flexibility, and high corrosion resistance.
Figure 2: Copper Foil Market, by Type, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. Copper foils are growing rapidly in the Asia Pacific region. Copper foils are in high demand for a range of applications. Consumer electronics and cell phones are becoming more popular as disposable income rises. Because of the region's developing economies, demand has outstripped supply. This adds to market growth.
Figure 3: COPPER FOIL MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
In addition, the growing usage of electric vehicles such as e-scooters in nations such as India and China will drive demand. Increasing crude oil prices are increasing demand for copper foils, moving the sector ahead. Throughout the projection period, Europe and other regions will have significant shares. In addition, North America was an early adopter of copper foils. Demand from a wide range of users will lead to remarkable growth.
The major market players are investing a lot of money in R&D to expand their product lines, which will spur further market growth. With significant market development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their global presence. To grow and thrive in a market climate that is becoming more competitive and growing, competitors in the Copper Foil industry must offer affordable products.
Manufacturing locally to cut operating costs is one of the main business tactics manufacturers use in the global Copper Foil industry to benefit customers and expand the market sector. Major market players, including Ecotech Ltd, Furukawa Electric Co. Ltd, Solus Advanced Materials, Doosan Corporation, and others, are attempting to increase market demand by funding R&D initiatives.
Furukawa Electric Group manufactures and distributes products in the telecommunications, energy, vehicle, electronics, and construction industries. Among its core solutions are optical components, wire materials, power cables, electrical conductors, connectors, functional vehicle goods, electronics parts materials, fluorescent lights and LED reflectors, and so on.
Solus Advanced Materials is a material development and technology solutions provider. It provides battery copper foil, electronic materials, PCBs, natural-based materials, and other products.
April 2022: Furukawa Electric Co. Ltd switched to renewable energy to meet all the power requirements at Japan's Copper Foil Division's production facility. The company expects to reduce CO2 emissions from electricity use at the plant by a maximum of 30,000 tons per year.
November 2021: Solus Advanced Materials Company acquired its former Canadian copper foil production plant this week to expand its exposure to the North American market.
Copper Foil Type Outlook
Copper Foil Application Outlook
Copper Foil Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 7.45 Billion |
| Market Size 2024 | USD 8.04 Billion |
| Market Size 2032 | USD 14.7 Billion |
| Compound Annual Growth Rate (CAGR) | 7.91% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2019 & 2022 |
| Market Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Amari Copper Alloy Ltd, Circuit Foil Luxembourg, Ecotech Ltd, Furukawa Electric Co. Ltd, Solus Advanced Materials, Doosan Corporation, Luminaries Matthey, Rogers Corporation, Carl Schlenk |
| Key Market Opportunities | · Reduce the dependency on imports and curtailing production costs is estimated to unlock considerable growth options |
| Key Market Dynamics | · Increased development in the electrical & electronics sector and subsequent demand |
Copper Foil Market Highlights:
Frequently Asked Questions (FAQ) :
The Copper Foil Market size was valued at USD 7.45 Billion in 2023.
The global market is projected to grow at a CAGR of 7.91% during the forecast period, 2024-2032.
Asia Pacific had the largest share of the Copper Foil Market.
The key players in the market are Amari Copper Alloy Ltd, Circuit Foil Luxembourg, Ecotech Ltd, Furukawa Electric Co. Ltd, Solus Advanced Materials, Doosan Corporation, Luminaries Matthey, Rogers Corporation, and Carl Schlenk.
The Rolled Copper Foil category dominated the market in 2023.
Automotive Battery had the largest share in the global market for Copper Foil.
Team Lead - Research Anshula mandaokar holds an academic degree in chemical engineering and has been contributing to the field for more than 5 years. she has expertise in market research and business consulting and serves as a team lead for a reputed market research firm under the chemicals and materials domain spectrum. she has worked on multiple projects, generating explicit results in a quick turnaround time. her understanding of data interpretation justifies her role as a leader.
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