Lithium Battery Copper Foil Market by Type, (Electrolytic Copper Foil and Rolled Copper Foil), by Applications (Car, Consumer Electronics, Industrial Usage, and Others), and by Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lithium Battery Copper Foil Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lithium Battery Copper Foil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lithium Battery Copper Foil Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lithium Battery Copper Foil Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lithium Battery Copper Foil Market Size & Forecast, 2018-2028
4.5.1 Lithium Battery Copper Foil Market Size and Y-o-Y Growth
4.5.2 Lithium Battery Copper Foil Market Absolute $ Opportunity
4.6 Pricing Analysis & Forecast, By Types, 2018-2028
4.7 Global Lithium Battery Copper Foil Market: Impact Of Key Regulations
4.8 Copper foil Piece Per Ton
4.9 Electric Vehicle Demand Growth (GWh)
4.10 Future Threats for Copper Foil Usage in EV Batteries
4.11 Copper Foil Usage (Ton/ Battery GWh)
4.12 Lithium Battery Market Overview
4.13 Copper Foil Market Overview
Chapter 5 Global Lithium Battery Copper Foil Market Analysis and Forecast By Types
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Types
5.1.2 Basis Point Share (BPS) Analysis By Types
5.1.3 Absolute $ Opportunity Assessment By Types
5.2 Lithium Battery Copper Foil Market Size & Volume Forecast By Types
5.2.1 Electrolytic Copper Foil
5.2.2 Rolled Copper Foil
5.3 Market Attractiveness Analysis By Types
Chapter 6 Global Lithium Battery Copper Foil Market Analysis and Forecast By Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Applications
6.1.2 Basis Point Share (BPS) Analysis By Applications
6.1.3 Absolute $ Opportunity Assessment By Applications
6.2 Lithium Battery Copper Foil Market Size & Volume Forecast By Applications
6.2.1 Cars
6.2.2 Consumer electronics
6.2.3 Industrial Usage
6.2.4 Others
6.3 Market Attractiveness Analysis By Applications
Chapter 7 Global Lithium Battery Copper Foil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lithium Battery Copper Foil Market Size & Volume Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lithium Battery Copper Foil Analysis and Forecast
9.1 Introduction
9.2 North America Lithium Battery Copper Foil Market Size & Volume Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lithium Battery Copper Foil Market Size & Volume Forecast By Types
9.6.1 Electrolytic Copper Foil
9.6.2 Rolled Copper Foil
9.7 Basis Point Share (BPS) Analysis By Types
9.8 Absolute $ Opportunity Assessment By Types
9.9 Market Attractiveness Analysis By Types
9.10 North America Lithium Battery Copper Foil Market Size & Volume Forecast By Applications
9.10.1 Cars
9.10.2 Consumer electronics
9.10.3 Industrial Usage
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis By Applications
9.12 Absolute $ Opportunity Assessment By Applications
9.13 Market Attractiveness Analysis By Applications
Chapter 10 Europe Lithium Battery Copper Foil Analysis and Forecast
10.1 Introduction
10.2 Europe Lithium Battery Copper Foil Market Size & Volume Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lithium Battery Copper Foil Market Size & Volume Forecast By Types
10.6.1 Electrolytic Copper Foil
10.6.2 Rolled Copper Foil
10.7 Basis Point Share (BPS) Analysis By Types
10.8 Absolute $ Opportunity Assessment By Types
10.9 Market Attractiveness Analysis By Types
10.10 Europe Lithium Battery Copper Foil Market Size & Volume Forecast By Applications
10.10.1 Cars
10.10.2 Consumer electronics
10.10.3 Industrial Usage
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis By Applications
10.12 Absolute $ Opportunity Assessment By Applications
10.13 Market Attractiveness Analysis By Applications
Chapter 11 Asia Pacific Lithium Battery Copper Foil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lithium Battery Copper Foil Market Size & Volume Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lithium Battery Copper Foil Market Size & Volume Forecast By Types
11.6.1 Electrolytic Copper Foil
11.6.2 Rolled Copper Foil
11.7 Basis Point Share (BPS) Analysis By Types
11.8 Absolute $ Opportunity Assessment By Types
11.9 Market Attractiveness Analysis By Types
11.10 Asia Pacific Lithium Battery Copper Foil Market Size & Volume Forecast By Applications
11.10.1 Cars
11.10.2 Consumer electronics
11.10.3 Industrial Usage
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis By Applications
11.12 Absolute $ Opportunity Assessment By Applications
11.13 Market Attractiveness Analysis By Applications
Chapter 12 Latin America Lithium Battery Copper Foil Analysis and Forecast
12.1 Introduction
12.2 Latin America Lithium Battery Copper Foil Market Size & Volume Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lithium Battery Copper Foil Market Size & Volume Forecast By Types
12.6.1 Electrolytic Copper Foil
12.6.2 Rolled Copper Foil
12.7 Basis Point Share (BPS) Analysis By Types
12.8 Absolute $ Opportunity Assessment By Types
12.9 Market Attractiveness Analysis By Types
12.10 Latin America Lithium Battery Copper Foil Market Size & Volume Forecast By Applications
12.10.1 Cars
12.10.2 Consumer electronics
12.10.3 Industrial Usage
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis By Applications
12.12 Absolute $ Opportunity Assessment By Applications
12.13 Market Attractiveness Analysis By Applications
Chapter 13 Middle East & Africa (MEA) Lithium Battery Copper Foil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lithium Battery Copper Foil Market Size & Volume Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lithium Battery Copper Foil Market Size & Volume Forecast By Types
13.6.1 Electrolytic Copper Foil
13.6.2 Rolled Copper Foil
13.7 Basis Point Share (BPS) Analysis By Types
13.8 Absolute $ Opportunity Assessment By Types
13.9 Market Attractiveness Analysis By Types
13.10 Middle East & Africa (MEA) Lithium Battery Copper Foil Market Size & Volume Forecast By Applications
13.10.1 Cars
13.10.2 Consumer electronics
13.10.3 Industrial Usage
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis By Applications
13.12 Absolute $ Opportunity Assessment By Applications
13.13 Market Attractiveness Analysis By Applications
Chapter 14 Competition Landscape
14.1 Lithium Battery Copper Foil Market: Competitive Dashboard
14.2 Global Lithium Battery Copper Foil Market: Market Share Analysis, 2020
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 UACJ Foil Corporation
14.3.2 SKC
14.3.3 Avocet Steel
14.3.4 Magneto Special Anodes (Evoqua Water Technologies LLC)
14.3.5 FURUKAWA ELECTRIC CO., LTD
14.3.6 Chang Chun Group
14.3.7 NAN YA PLASTICS CORPORATION
14.3.8 Tongling Nonferrous Metals Group Holding Co.,Ltd
14.3.9 ILJIN MATERIALS CO., Ltd
14.3.10 Nippon Denkai, Ltd.
14.3.11 Lingbao Huaxin Copper Foil Co., Ltd.
14.3.12 Semyung India Enterprises Pvt