Electrodeposited Copper Foil Market
Electrodeposited Copper Foil Market Study by <20 ?m, 20 to 50 ?m, and >50 ?m Thickness for Printed Circuit Boards, EMI Shielding, Batteries, and Switchgear from 2024 to 2034
Analysis of Electrodeposited Copper Foil Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Electrodeposited Copper Foil Market Outlook (2024 to 2034)
Expanding at a CAGR of 9.1%, the global electrodeposited copper foil market size is projected to increase from a valuation of US$ 10.1 billion in 2024 to US$ 24.14 billion by 2034-end.
Demand for electrodeposited (ED) copper is projected to grow as devices with complex electronic components and chips are widely adopted. These electronic components and chips use copper foils to enhance their functionality. Along with aluminum, copper is widely applied in industrial products as a highly versatile material among nonferrous materials such as lead, nickel, and titanium.
In the electrodeposited copper manufacturing process, copper foil is deposited on to titanium rotating drums from a copper solution while connected to a DC voltage source. This intricate process requires highly skilled workers to ensure the final copper functions effectively and is suitable for incorporation into electronic devices, chips, and semiconductors.
High-frequency applications are pivotal across various industries, spanning from aerospace to telecommunications. These applications involve the transmission and reception of signals at very high frequencies, typically ranging from 2 MHz to several MHz. Such high-frequency applications require motherboards and circuit boards with enhanced electrodeposited foil. These applications can support higher bandwidth, enabling the transmission of more information swiftly. In today's technological landscape where high-speed data transmission is crucial, electrodeposited foils are proving their dominance in the market.
Various types of copper foils have been introduced with diverse applications, uses, and characteristics. Rolled copper foils and electrodeposited copper foils are among these varieties, differing notably in copper-surface. Each type of copper foil offers unique properties and constraints, and recognizing these factors is essential for both original equipment manufacturers (OEMs) and circuit fabricators.
| Report Attributes | Details |
|---|---|
| Electrodeposited Copper Foil Market Size (2024E) | US$ 10.1 Billion |
| Forecasted Market Value (2034F) | US$ 24.14 Billion |
| Global Market Growth Rate (2024 to 2034) | 9.1% CAGR |
| Canada Market Growth Rate (2024 to 2034) | 10.1% CAGR |
| China Market Value (2034F) | US$ 5.31 Billion |
| North America Market Share (2024E) | 28.6% |
| East Asia Market Share (2034F) | 38.4% |
| Key Companies Profiled |
|
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Why is Use of Electrodeposited Copper Foils Increasing across Industries?
“High Electrical Conductivity and Superior Shielding Capabilities of Copper”
Exceptional conductivity of copper, coupled with remarkable flexibility and versatility, distinguishes it as an ideal choice for electrodeposition. Manufacturers widely prefer copper due to its outstanding conductivity and corrosion resistance, which is contributing to the expansion of the electrodeposited copper foil market size. Copper exhibits solderability, resistance to oxidation and discoloration, and superior shielding capabilities. These attributes are significantly influencing the sales of ED copper, as customers value these qualities.
With globalization and technological advancements, the market for electrodeposited copper is poised for substantial growth in the coming years. Suppliers are investing in expanding their production capacity to meet this increasing demand.
“Extensive Use of Electrodeposited Copper Foils in Electrical Vehicle Batteries”
One important end user of electrodeposited copper foil is the electric car sector. Copper foil that has been electrodeposited powers the batteries in these electric cars. There are now more electric cars on the road than there were a few years ago.
“Crucial Role of Electrodeposited Copper Foils in PCB Production”
Printed circuit boards, or PCBs, are used in the production of electronic devices, including consumer electronics, communications equipment, and smartphones. Copper foils are particularly useful for flexible, stiff, multilayer PCB designs.
The surge in demand for smartphones and other consumer electronics has boosted PCB manufacturing worldwide. Electrodeposited copper foils play a crucial role in the production of PCBs, as well as in the manufacturing of copper-clad laminates.
Which Factors are Significantly Hindering Electrodeposited Copper Foil Market Growth?
“High Cost and Environmental Concerns Associated with Copper Foils”
Compared to aluminum, copper is more expensive, which in turn drives up the cost of the end product. Electronics manufacturers are seeking cost-effective foils. Another consideration is copper's weight compared to alternative metals in the market.
Manufacturers often prioritize lightweight metals to ensure electronic devices themselves remain lightweight. Many industries therefore opt for alternative materials as copper foils are relatively heavy, leading to losses for ED copper foil suppliers. In addition, extracting copper poses significant obstacles. As copper reserves are finite, its extraction can have environmental impacts, further complicating that stance of suppliers in the market.
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Country-wise Evaluation
Electrodeposited copper foils are majorly used by a variety of countries such as the United States, Canada, Mexico, China, Japan, and South Korea. According to Fact.MR, the market in South Korea is projected to expand at a CAGR of 11.5% through 2034.
Which Electrodeposited Copper Foil Market Trends are Aiding Suppliers in the United States?
“Growing Emphasis on Expansion of Solar Energy Generation Capacity”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 2.07 Billion |
| Growth Rate (2024 to 2034) | 9.6% CAGR |
| Projected Value (2034F) | US$ 5.16 Billion |
Manufacturers of solar panels in the United States, including Longi, Canadian Solar, and Trina Solar, have announced plans to build 5 GW of new facilities to produce solar modules, adding 15 GW to the world's solar capacity by 2023.
- The United States Energy Information Administration (EIA) reports that the proportion of new solar power capacity added in the country increased from 45% in 2022 to 56% in 2023, and it is expected to continue to rise until 2024.
Why is Need for ED Copper Foils Increasing in China?
“Growing Electric Vehicle Production Driving Use of Electrodeposited Copper Foils”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 2.1 Billion |
| Growth Rate (2024 to 2034) | 9.7% CAGR |
| Projected Value (2034F) | US$ 5.31 Billion |
China is a significant producer and consumer of copper in the world. Throughout the forecast period, China's use of copper foil is projected to rise in tandem with the country's growing electrical vehicle production.
As per the data released by the East Asia Forum, in 2022, China held a 60% share of global electric vehicle manufacturing. As per the report, 8 million electric vehicles were manufactured in China in 2023.
Category-wise Insights
Of all the uses, the battery sector makes extensive use of electrodeposited copper foils. The battery segment is projected to expand at a CAGR of 18.3% from 2024 to 2034, as per Fact.MR, a market intelligence provider.
What is the Role Played by Electrodeposited Copper Foils in Switchgear?
“Flexibility and Suitability of Electrodeposited Copper Foils for Thermal Expansion Joints”
| Attribute | Switchgear |
|---|---|
| Segment Value (2024E) | US$ 3.13 Billion |
| Growth Rate (2024 to 2034) | 8.9% CAGR |
| Projected Value (2034F) | US$ 7.63 Billion |
Switchgear, which occupies a dominant electrodeposited copper foil market share in 2024, is composed of circuit breakers that control, safeguard, and isolate electrical equipment. It enables the de-energization of equipment for maintenance and fault clearance downstream. Copper foils are used in switchgear due to their superior flexibility and suitability for thermal expansion joints in copper busbar systems, high-voltage switchgear, and transformer connections. Suppliers are collaborating with switchgear manufacturers to establish their dominance in the market.
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Competitive Landscape
Key players in the electrodeposited copper foil market such as Doosan Group, Fukuda Metal Foil & Powder, and Furukawa Electric Co. are adapting to the evolving market trends.
- China-based Nuode New Materials said in May 2023 announced its plan to invest EUR 500 million (US$ 533 million) to construct a copper foil facility in Russia that would serve EV batteries and have a 30,000-ton annual capacity.
- SK Nexilis, a South Korean company, began producing ultrathin copper foils (4 microns) in November 2023 at its new Malaysian factory. This facility was constructed at an expenditure of KRW 900 billion (US$ 690 million) and has an annual capacity of 57 kilotons. It is made up of the biggest copper foil-producing lines in the world.
Key Segments of Electrodeposited Copper Foil Market Research
-
By Thickness :
- <20 μm
- 20 to 50 μm
- >50 μm
-
By Application :
- Printed Circuit Boards
- EMI Shielding
- Batteries
- Switchgear
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
How big is the electrodeposited copper foil market size in 2024?
The global market for electrodeposited copper foils stands at US$ 10.1 billion in 2024.
What is the projected revenue from electrodeposited copper foil sales for 2034?
By 2034, worldwide revenue from electrodeposited copper foil sales is projected to reach US$ 24.14 billion.
How fast are ED copper foil sales projected to increase?
ED copper foil sales are forecasted to increase at 9.1% CAGR through 2034.
What is the sales forecast for ED copper foils in North America?
The market in North America is forecasted to increase at 9.2% CAGR from 2024 to 2034.
At what rate is the market projected to expand in East Asia?
The market in East Asia is projected to expand at a CAGR of 9.6% from 2024 to 2034.
At what rate are ED copper foil sales forecasted to rise in Japan?
Sales in Japan are forecasted to increase at a CAGR of 8.7% from 2024 to 2034.
Electrodeposited Copper Foil Market