Foil Applications Market Trends, Analysis, Industry Growth and Forecast to 2027
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.
Rising demand for EVs in the Foil Applications
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 Foil Applications 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.
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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.
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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