Global Copper Foil Market is valued approximately at USD 12.4 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 7.2% over the forecast period 2020-2027. Copper foil is a kind of metal tape, used for electromagnetic shielding, which is divided into electric signal shielding and magnetic signal shielding. The foil has low surface oxygen that can be attached to a variety of different substances, such as metals, insulating materials, etc., and it has a wide temperature range. Comprehensively copper wire is also used as bonding piece of glass together, producing beautiful stained glass, creating new windows after repairing and more . The increased demand for circuits boards, as copper foil is used extensively for flexible circuit boards where smooth surface is preferred, will foster the growth of the market. For instance, North American shipments for the PCB industry are up 10.8% in 2018, compared to the year before. Bookings increased by 4.9% over the year before, while order growth was up 11.7%.
Therefore, this factor may strengthen the adoption for copper foil market across the globe. Moreover, as the printed circuits boards are used in almost all electronics products, the demand for consumer gadgets such as smartphones, PCs, tablets, and other medical electronics is also growing rapidly around the world and these are the few factors responsible for the impressive CAGR of the market during the forecast period. However, strict regulations on small and medium size PCB producers are one of the factors that restraining the market growth over the forecast period of 2020-2027.
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The regional analysis of the global copper file market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing tothe large manufacturing capacity for PCBs and low labour wages in China. Whereas Europe is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027, owing to rising demand for energy storage and electric and hybrid vehicles in the region.
Major market player included in this report are:
Chang Chun Group
Furukawa Electric Co., Ltd.
Iljin materials Co. Ltd.
Nippon Denkai, Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.