Copper and Copper Alloy Foils Market 2022: Industry Analysis, Opportunities, Technology, Demand, Top Players and Growth Forecast 2030
Market Insights:
Market Research
Future (MRFR)’s latest study projects that the global copper and copper alloy foils market is set to expand moderately at a
healthy CAGR of 6.4% during the forecast period 2016 to 2023. The widening
range of applications across different verticals, such as transport, consumer
goods, and industrial machinery, is
fueling demand for copper and copper alloy foils in the market. Copper alloy
foils are more extensively used across different end-user industries than
copper foils due to its exclusive properties such as flexibility, conductivity,
and malleability.
The strong value maintained by the construction and
electronics industries are likely to favor the proliferation of the copper and
copper alloy market in the foreseeable future. The rate of expansion of the copper and copper alloy market is directly
dependent on the growth of the end-user
industries. Increase in demand has been
projected from the end-user industries
over the next couple of years. However, availability of copper and copper alloy
substitutes coupled with stringent regulations for containing harmful effects
on the environment are expected to hold the market growth through the
assessment period.
Access Report Details @https://www.marketresearchfuture.com/reports/copper-alloy-foils-industry-3938
Competitive Dashboard:
Some pf the key players profiled in the report are global
brass and copper holdings, Inc., Arcotech Ltd., Civen metal material, co., Ltd, Amari copper alloys, JX Nippon Mining
& Metals Corporations, LES LAMINERIES
MATTHEY SA, and Carl Schlenk AG.
Market Segmentation:
By type, the global
copper and copper alloy foils market is segmented into copper foil, brass foil,
bronze foil, copper-nickel foil, and others.
By application, the
copper and copper alloy foils market has been
segmented into construction, electrical & electronics, industrial machinery,
transport, and consumer goods.
Regional Outlook:
By region, the
global copper and copper alloy foils
market is segmented into North America, Europe, Asia Pacific, Latin America,
and the Middle East & Africa. Asia Pacific is the largest market for
copper and copper alloy foils globally. The growth is attributable to the
extensive use of the foils in industries across the region. The regional copper
and copper alloy foil market valuation is
estimated to reach USD 15,919.8 Mn by the end of
the forecast period striking a strong
CAGR of 7.19%. Other factors responsible for favoring
the growth of the market in the region are end-user industry penetration,
consolidation of market players, cheap labor cost, increasing exports, etc. Additionally, China is the global leader in
both the production and consumption of
copper alloy foils. It accounts for around one-third of the total production of
copper and copper alloy foils. Europe and North America are significant growth
pockets in the global copper and copper alloy market. They are likely to remain
highly lucrative regional markets over the next couple of years owing to rapid
industrialization, the presence of key
players, etc.
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Industry Developments:
In July 2018,
Doosan, a South Korean company, announced the building of its new plant in Tatabánya
Industrial Park in Hungary which is capable of producing 50,000 tons of copper
foil per year.
In July 2018,
The Luxemburg division of the South
Korean company, Circuit Foil, which specializes in copper foils, announced a
development plan worth 7.5 Mn Euros for expansion into the electric car battery
market.
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