Flexible Copper Foil Market Forecast
According to latest research, flexible copper coil market is projected to grow with a CAGR of 9% – 11% for the forecast period of 2021-2031.
Demand for this product will be witnessed mostly from the semiconductor & electronics industry. This material remains underutilized with a high scope of growth. Due to its diverse applications in numerous domains, the market for this product is set to witness significant growth during the forecast period.
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What is Driving Demand for Flexible Copper Foils?
Demand for flexible copper foil has been increasing due to its unavoidable properties like having high tensile strength, being chemically resistant, lightweight and being highly conductive of electricity and heat.
The product finds profound application in the creation of stained glass art, where it is used to join the glass pieces together. Since, copper foil holds bits of glasses well together it is frequently used to repair cracked windows and make new ones. It is used for various art and craft projects and decorating monasteries, gold signs, and making tile mosaics and handicrafts.
Copper is recognized as one of the world’s leading anti-bacterial metal hence increasing the opportunities for flexible copper coils in medical applications. The product is being used in micro-technology for sensors, micro-electromechanical systems, and other medical devices. All of these factors are leading to an increase in the demand for flexible copper foils.
Electronic Applications to Drive Flexible Copper Foil Market
Flexible copper coil is a widely used product in modern consumer electronics industry. It has immense uses including being used as an electric conductor for circuit boards. Printed Circuit Board (PCB) fabricators are found in almost every electronic product and utilize copper clad laminates (CCL) to develop multilayered PCBs. These CCL products are eventually used in end-use products like computers, radios, and mobiles.
This product is used in EMI/RFI shielding, calculators, television sets, automotive electronics and QA equipment. It finds application in lithium-ion batteries, solar energy set ups, and electronic vehicles.
The surging high sales and demand of smart phones and the gradual expansion of 5G network, in the forecast period will ensure that flexible copper foils remain in constant demand and requirement, contributing to the robust growth of the market of this commodity.
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Asia-Pacific Flexible Copper Foil Market O
utlook
Asia Pacific dominates the demand side as well as supply side, with the largest market share in the global flexible copper foil market with significant consumption in China, Japan and South Korea.
More than half of the PCBs manufactured globally are produced in China which in turn, adds to the sales of flexible copper coils. This region will provide immense growth opportunities in the forecast period owing to the increasing production activities and increase in sales of electronic products.
North America & Europe Flexible Copper Foil Market Outlook
The market in North America is expected to expand at a steady pace during the forecast period. This shall be due to the increased environmental concerns and surging production of electric vehicles (EVs) that consist of flexible copper foil as a major component. This region holds a strong presence of prominent EV manufacturers like Tesla Inc. and hence the industry for it will continue to grow.
Countries in Europe are expected to witness a rise in the market of this product due to a significant developments and outputs from the R&D sector of this region. Researchers are working on metal-foil based nanotechnologies which enable large scale production of lighter, cheaper and environmental friendly deep UV LEDs.
This will lead to the region investing in flexible copper foil and contribute to the industry of this commodity.
Who are the Key Manufacturers and Suppliers of Flexible Copper Foil?
Some of the key players operating in the global flexible copper foil market are
- Mitsui Mining & Smelting Co. Ltd
- JX Nippon Mining & Metals Corporation
- Jiangxi Copper Corporation
- Furukawa Electric Co Ltd
- Nan Ya Plastics Corporation
- Kingboard Copper Foil Holdings Ltd
- Guangdong Chaohua Technology Co. Ltd.
- Chang Chun Group
- Co-Tech Development Corp.
- Iljin Materials Co Ltd.
- Circuit Foil
- Suzhou Fukuda Metal Co. Ltd.
- LingBao Wason Copper Foil Co. Ltd.
- Shandong Jinbao Electronics Co. Ltd.
- Solus Advanced Materials
- SKC Ltd.
Companies like Targray Technology International, Inc. and Arcotech Ltd. are developing and launching new products like battery grade copper foils that are primarily used as current collectors of anode in LIBs and high quality copper foils in various grades, hence contributing to the robust growth in flexible copper foil demands.
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