Lithium Battery Copper Foil Market

Lithium Battery Copper Foil Market Outlook

The global lithium battery copper foil market size was valued at USD 2,401 Million in 2020 and is projected to reach USD 21,034 Million by 2028, expanding at a CAGR of 23.2% during the forecast period. The lithium battery copper foil market is projected to expand at a rapid pace globally, due to rising demand for lithium battery copper foil in various industries, mainly in consumer electronics.

Lithium battery copper foils are expected to be popular among end-users during the forecast period. Rising demand for lithium battery copper foils is attributed to its growing use in electric vehicles across the globe. Growing demand for consumer electronics products is projected to drive the market in the coming years. Increasing adoption of electric vehicles across the globe is estimated to boost the market over the forecast period.

Lithium Battery Copper Foil Market Dynamics

Increasing demand for electronic equipment from various end-use industries

High growth of the global lithium battery copper foil market is attributed to the growing demand for electronic equipment from various end-user industries (mainly consumer electronics). Among consumer electronic products, smartphones are the main consumers of copper foil. Expansion of 5G networks is expected to increase the sales of smartphones during the forecast period. Copper foil is used in PCBs built into telecommunication equipment such as personal computers and mobile phones.

Increasing adoption of electric vehicles

A major factor driving the lithium battery copper foil market is the increasing adoption of electric vehicles across the globe, as lithium battery copper foil is a key material for electric vehicles. Over the projected period, factors such as rising fuel prices and government activities in various regions to raise awareness about EVs are expected to encourage the use of electric vehicles, which is anticipated to boost the market during the forecast period.

Favourable laws and regulations by governments, such as zero-emissions and fuel economy criteria, are expected to increase the demand for electric vehicles in the near future, resulting in increased usage of copper foil. Automakers such as Renault and MG Motors produced hybrid vehicles in developing countries, which are expected to boost the market in the coming years.

Development of novel lithium battery copper foil

Several market players are increasing their expenditure on R&D for the development of low cost technology, which is expected to propel the market over the forecast period. Rising investment in R&D for the development of products and advanced techniques are estimated to boost the market in the coming years.

Rising sales of smartphones

Increasing sales of smartphones is one of the key factors that is expected to drive the lithium battery copper foil market during the forecast period. Smartphones are popular electronic gadgets and are leading to a shift in lifestyles of people, where owning a smartphone is not a luxury but a need.

Consumer spending on media, entertainment, networking, and mobile communication increases as disposable income rises, resulting in potential sales of smartphones, which is expected to boost the market in the coming years.

Strict government policies

Various policies and regulations implemented by governments in various countries throughout the world regulating the production of lithium battery copper foil are expected to have a significant effect on the product growth and pricing.

Strict industry restrictions, high maintenance & replacement cost, and component reliability difficulties are expected to hinder the market growth in the next years. In the short term, strict requirements for small and medium-sized PCB producers are expected to have a significant influence on the demand for lithium battery copper foil.

Production declined due to Covid-19

Adverse impact of the coronavirus is felt across the globe. The lockdown impeded the production of lithium battery copper foil, due to the shutting down of manufacturing units. Slowdown of industries such as electronics and automobiles is anticipated to hamper the usage of lithium battery copper foil.

Opening up of manufacturing units of automobile industries and electronics industries, and compliance with government regulations are expected to boost the production of lithium battery copper foil gradually in the near future.

Adoption of new technologies

Key manufacturers are using modern techniques for manufacturing lithium battery copper foils, which is projected to boost the demand for the product during the forecast period. Research & development activities create opportunities for new designs and developments in lithium battery copper foils, which is projected to fuel the market in the coming years.

Increasing use of Internet of things (IOT) and artificial intelligence (AI) is expected to improve the manufacturing process and create multiple opportunities for the key market players.

Increase in Number of Partnerships and Acquisitions

Increasing number of strategies such as mergers & acquisitions, agreements, partnerships, and product launches among companies to establish themselves as providers of lithium battery copper foils is anticipated to create lucrative opportunities in the market in the near future.

Rising adoption of various strategies by market players to increase their presence and share in the market is expected to create growth opportunities in the market.

Lithium Battery Copper Foil Market Segment Insights

Type Segment Analysis

In terms of types, the lithium battery copper foil system market is bifurcated into electrolytic copper foil and rolled copper foil. Over the projected period, the electrolytic copper foil segment is projected to expand at a high CAGR, owing to its increasing use in printed circuit boards (PCBs) and electric vehicles. Electrolytic copper foil is used in low-power and high-energy applications, including lithium-ion batteries used in mobile phones, notebook computers, and other consumer electronic products.

These foils are used as current collectors for the negative electrode of lithium-ion batteries. Increasing demand for notebook computers and smart phones is expected to drive the global electrolytic copper foil segment. The rolled copper foil segment is anticipated to expand at a significant CAGR.

Rolled copper foil is used extensively for flexible circuit boards where smooth surface is preferred. Increasing demand for rolled foil copper from electronics industries is expected to boost the segment in the coming years.

Application Segment Analysis

In terms of applications, the lithium battery copper foil system market is segmented into car, consumer electronics, industrial usage, and others. Over the projected period, the consumer electronics segment is projected to expand at a high CAGR, owing to increasing demand for smartphone, tablets, and PCs in the coming years. The car segment is anticipated to expand at a significant CAGR.

During the forecast period, factors such as rising fuel prices and government activities to increase awareness of electric vehicles are expected to encourage the use of electric vehicles, which is expected to drive the market during the forecast period. The industrial usage segment is expected to expand at a significant growth rate during the forecast period.

Compared with other metals, lithium battery copper foil has higher conductivity, mechanical strength, and reliability; hence it is widely used in industrial products. In addition, copper foil undergoes various types of surface treatments to improve and maintain adhesion to various dielectric circuit materials.

Regional Analysis

Based on regions, the global lithium battery copper foil market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for a significant share of the market in 2020 and the market in Asia Pacific is anticipated to expand at a substantial CAGR during the forecast period.

The lithium battery copper foil market is growing in North America, owing to increasing use of lithium battery copper foil in electric vehicles. Increasing production of electric vehicles in the region is anticipated to boost the market in the coming years. China accounts for a significant market share, due to increasing demand from electronics industry as well as the rising adoption of electrical vehicles, which in turn, drives the market in Asia Pacific.

Increasing number of lithium battery copper foil manufacturers in North America and rising electrification in vehicles are expected to fuel the lithium battery copper foil market in the region. Brazil is expected to hold a considerable share of the market. High demand for lithium battery copper foil in the country is attributed to its increasing usage in end-use industries such as automobile and electronic, which in turn, is creating opportunities for the lithium battery copper foil market in Latin America.

Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the Global Lithium Battery Copper Foil Market
• Historical, Current and Projected Market Size in terms of Value
• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
• Industry Drivers, Restraints and Opportunities Covered in the Study
• Recent Industry Trends and Developments
• Competitive Landscape & Strategies of Key Players
• Neutral Perspective on Global Lithium Battery Copper Foil Market Performance

Segments

Types

• Electrolytic Copper Foil
• Rolled Copper Foil

Applications

• Car
• Consumer Electronics
• Industrial Usage
• Others

Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Market Players Profiled in the Report

• UACJ Foil Corporation
• SKC
• Avocet Steel
• Magneto Special Anodes (Evoqua Water Technologies LLC)
• FURUKAWA ELECTRIC CO., LTD
• Chang Chun Group
• NAN YA PLASTICS CORPORATION
• Tongling Nonferrous Metals Group Holding Co.,Ltd
• ILJIN MATERIALS CO., Ltd
• Nippon Denkai, Ltd.
• Lingbao Huaxin Copper Foil Co., Ltd.

Competitive Landscape

Key players operating in the global lithium battery copper foil market include UACJ Foil Corporation, SKC, Avocet Steel, Magneto Special Anodes (Evoqua Water Technologies LLC), FURUKAWA ELECTRIC CO., LTD, Chang Chun Group, NAN YA PLASTICS CORPORATION, Tongling Nonferrous Metals Group Holding Co.,Ltd, ILJIN MATERIALS CO., Ltd, Nippon Denkai, Ltd., and Lingbao Huaxin Copper Foil Co., Ltd. These companies are considered as key manufacturers of lithium battery copper foils based on their revenue, research & development (R&D) activities, presence, and supply chain management system.