High-end Copper Foil Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The market for high-end copper foil is expected to register a CAGR of more than 6% during the forecast period. One of the major factors driving the market studied is the growing application as a printed circuit board (PCB) material. Development of single crystal graphene sheet as a substitute for copper foil is expected to hinder the growth of the market studied.

• Circuit boards application dominated the market and is expected to grow at a moderate rate during the forecast period, owing to the increasing demand for consumer gadgets, such as smartphones, PCs, tablets, and other medical electronics products.
• Copper foils in transformer and grid-level energy storage are likely to act as an opportunity in the future.
• Asia-Pacific dominated the market across the world, with the largest consumption from countries, such as China and India.

Scope of the Report

The high-end copper foil market report includes:

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Key Market Trends

Increasing Demand for Circuit Boards

• Most of the electronics products manufactured contains printed circuit boards (PCBs). High quality PCB manufacturing technology has allowed the electronics products manufacturers to produce smaller and more complex products. It is the key to today’s dynamic and rapidly progressing electronic innovations.

• The substrate used to manufacture printed circuit boards is a type of fiberglass-reinforced epoxy laminate. Epoxy resin has a copper foil bonded to one or both sides.

• Two main types of copper foil are used in PCBs: electrodeposited and rolled copper foil. Both these types have many possible variations, with the most choices available for ED copper. Copper foil characteristics are very important for high-frequency circuits.

• Rolled copper foil is used extensively for flexible circuit boards where smooth surface is preferred. Electrodeposited copper foils are used in rigid flexible circuits.

• The demand for consumer gadgets, such as smartphones, PCs, tablets, and other medical electronics products is rapidly increasing across the world, with India and China expected to remain at the top of market growth. As printed circuits boards are deployed in almost all electronics products, it is likely to drive the demand for high quality copper foil in the coming years.

• Over 51% of the PCBs are manufactured in China, owing to offering of huge incentives by the government to the PCB factories. China is also producing these circuit boards at a very low cost. As a result, many companies across the world are closing their operations.

• The United Kingdom used to have over 300 PCB factories over the last decade, but it has now reduced to less than 35. South Africa is also experiencing the same effects due to cost of raw materials going up and more labor costs.

• The Chinese government has given massive incentives for the production of electric vehicles, which is utilizing high-end copper foils for lithium ion batteries. Due to this, the PCB manufacturers are facing copper foils crisis as they are increasingly being utilized in EVs, PHEVs, etc.

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