Copper and Copper Alloy Foil Market Overview | Swot Analysis by Top Key Vendors, Demand And Forecast Research to 2027
Market Insights:
Market
Research Future (MRFR)’s latest study projects that the global Copper And
Copper Alloy Foils Market Overview is set to expand
moderately at a healthy CAGR of 6.4% during the forecast period 2016 to 2023.
The widening range of applications across different verticals, such as
transport, consumer goods, and industrial machinery, is fueling demand for
copper and copper alloy foils in the market. Copper alloy foils are more
extensively used across different end-user industries than copper foils due to
its exclusive properties such as flexibility, conductivity, and malleability.
The
strong value maintained by the construction and electronics industries are
likely to favor the proliferation of the copper and copper alloy market in the
foreseeable future. The rate of expansion of the copper and copper alloy market
is directly dependent on the growth of the end-user industries. Increase in
demand has been projected from the end-user industries over the next couple of
years. However, availability of copper and copper alloy substitutes coupled
with stringent regulations for containing harmful effects on the environment
are expected to hold the market growth through the assessment period.
Market Segmentation:
By
type, the global copper and
copper alloy foils market overview is segmented into
copper foil, brass foil, bronze foil, copper-nickel foil, and others.
By application, the copper and copper alloy foils market has been
segmented into construction, electrical & electronics, industrial
machinery, transport, and consumer goods.
Regional Outlook:
By
region, the global copper and copper alloy foils market overview is segmented
into North America, Europe, Asia Pacific, Latin America, and the Middle East
& Africa. Asia Pacific is the largest market for copper and copper alloy
foils globally. The growth is attributable to the extensive use of the foils in
industries across the region. The regional copper and copper alloy foil market
valuation is estimated to reach USD 15,919.8 Mn by the end of the forecast
period striking a strong CAGR of 7.19%. Other factors responsible for favoring
the growth of the market in the region are end-user industry penetration,
consolidation of market players, cheap labor cost, increasing exports, etc.
Additionally, China is the global leader in both the production and consumption
of copper alloy foils. It accounts for around one-third of the total production
of copper and copper alloy foils. Europe and North America are significant
growth pockets in the global copper and copper alloy market. They are likely to
remain highly lucrative regional markets over the next couple of years owing to
rapid industrialization, the presence of key players, etc.
Competitive Dashboard:
Some
pf the key players profiled in the report are global brass and copper holdings,
Inc., Arcotech Ltd., Civen metal material, co., Ltd, Amari copper alloys, JX
Nippon Mining & Metals Corporations, LES LAMINERIES MATTHEY SA, and Carl
Schlenk AG.
Industry
Developments:
In
July 2018, Doosan, a South Korean company, announced the building of its new
plant in Tatabánya Industrial Park in Hungary which is capable of producing
50,000 tons of copper foil per year.
In
July 2018, The Luxemburg division of the South Korean company, Circuit Foil,
which specializes in copper foils, announced a development plan worth 7.5 Mn
Euros for expansion into the electric car battery market.
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