Overview
The global copper foil market, during the forecast period 2018 to 2023, will register growth at a CAGR of 10.31%. The market for copper foil is set to reach US$17,321.8 million by 2023. As per copper foil market analysts, the global market is anticipated to witness growth owing to the factors such as increasing funding and collaborations for EV battery infrastructure as well as surge in demand for copper foils in automotive. However, the copper foil market will face challenges and restraints due to availability of substitutes and the advancement of nanomaterials during the forecast period 2018 to 2023.
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Rising demand for EVs in the copper foil market is set to play a key role in determining the growth potential during 2018 to 2023years. Analysts have also studied the copper foil market to understand potential threats and challenges the copper foil market companies could face. Although the copper foil market is poised to grow at a fast pace across type and applications segments, factors such as viable substitutes for copper foils could slow down the copper foil market’s growth worldwide.
Market Segmentation
The copper foil market has been segmented into type and applications. Based on the segment which is type, the market is categorized on the basis of electrodeposited copper foil, rolled copper foil. The global market for copper foil is further segmented based on applications into automotive battery, building & construction, electrical & electronics, industrial equipment, and others.
The global Copper Foil Market research report covers all the aspects of the copper foil market based on the segmental analysis of these type and applications segments. Analysts have also studied the global copper foil market’s regional markets spread across many continents and countries. The type and applications segments along with their sub-segments have been analyzed and companies functioning in the copper foil market across these segments are profiled and analyzed based on input and feedback from copper foil market based decision makers as well as primary and secondary sources. The copper foil market research report presents analysis based information for companies functioning in the copper foil market.
Regional Overview
Disruption in the scrap supply chain may hinder the copper foil market growth. The market research report suggests that companies in the copper foil market could be supported by government incentives for Asian EV battery manufacturers as well as the alarming rise in pollution levels during the forecast period. The copper foil market is set to register growth at a high CAGR owing to these key factors. The copper foil market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global copper foil market research report reveals that APAC, North America, and Europe regional copper foil markets will dominate the global market for copper foil during the forecast period 2018 to 2023. As per copper foil market analysts, the market is set to witness tremendous growth across type and applications segments in North America which covers copper foil markets across the United States, Canada, Mexico and several other regional markets. Companies active in the copper foil market are also analyzed and studied in the copper foil market research report.
The copper foil market for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the copper foil market research report covers the Asia-Pacific region covering copper foil markets from India, China, Japan, Australia, and others. The copper foil market is also spread across the rest of the world. The copper foil market report covers all such regions including the Middle East, Africa, Brazil, and others.
Competitive Landscape
Copper foil has seen increased demand over the years, due to acute rise in automotive manufacturing and increased development in the electrical & electronics sector . Companies functioning in the global copper foil market are also being challenged due to decreased scrap imports in several countries and revision in scrap-related policies around the world. Mergers and acquisitions by copper foil market companies are anticipated to help the market during the forecast period 2018 to 2023. As the copper foil market is set to register a high CAGR of 10.31% and is also anticipated to reach a US$17,321.8 million by 2023, the report highlights key areas companies need to focus on. The report suggests that the copper foil market will see a healthy growth in the long run till 2023. Based on SWOT analysis and copper foil market’s analysis based on Porters’ Five Force Model presented in the copper foil market report. Mergers and acquisitions by copper foil market companies are anticipated to help the market during the forecast period 2018 to 2023.
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Industry News
Hunt Valve has confirmed that it has concluded its acquisition of Montreal Bronze Limited, a speciality valve engineering and fabrication firm servicing United States Navies and industrial custodians around the world (MB Valve). Hunt Valve is a US Navy and commercial corporation specialising in valve technology and distribution, supplying consumers worldwide. MB Valve supplies severe-duty maritime bronze valves in Terrebonne, Quebec. The company also has a wide range of unique bronze and steel alloy materials that fulfil special performance standards for Navy ships and NATO.
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