Global High-End Copper Foil Market - Segmented by Type, by Application, and Geography - Growth, Trends, and Forecasts (2018 - 2023)
The global high-end copper foil market is expected to register a CAGR of 6.35% during the forecast period of 2018 - 2023. Asia-Pacific dominated the market, accounting for more than 65% of the share in 2017, followed by North America and Europe.
Increasing Application as a Printed Circuit Board (PCB) Material
High-end copper foils are used in the manufacturing of single- and double-sided printed circuit boards (PCBs). PCBs usually consist of a woven glass epoxy base material, which is clad with copper on one or both sides of the board, with varying thickness. The development of PCBs offers the electronics industry a reliable and cost-effective way to inter-connect electronics components. With the growing global population and increasing disposable income of individuals, the demand for electronics devices, such as tablets, cell phones, mobile radios, electronic warfare apparatus, and guidance control systems is increasing. With the increasing implementation of PCBs in numerous electronic equipment and devices, the demand for high-end copper foils is expected to increase over the forecast period.
Growing Usage in Circuit Boards
Most of the electronics products manufactured contain printed circuit boards (PCBs). High-quality PCB manufacturing technology has allowed the electronic products manufacturers to produce smaller and more complex products. Rolled copper foil is used extensively for flexible circuit boards, where smooth surface is preferred. The demand for consumer gadgets, such as smartphones, PCs, tablets, and medical electronics products is rapidly increasing across the world, with India and China expected to remain at the top of market. As printed circuit boards are deployed in almost all electronics products, the application is likely to drive the demand for high-quality copper foil, over the forecast period.
Asia-Pacific to Dominate the Market
Asia-Pacific accounted for the largest share of over 65% of the global high-end copper foil market in 2017. China is the global leader in the electric car market and the government is offering attractive financial and non-financial incentives to boost the electric cars sales in the country. Additionally, the Indian electronics industry is one of the fastest growing in the world. The domestic demand for PCB is expected to register robust growth, due to the increasing demand from smartphones and the consumer electronics industry. Further, the increasing demand for circuit boards and batteries in the region is anticipated to boost the demand for high-end copper foil during the forecast period.
Major Players: Mitsui Mining & Smelting Co. Ltd, The Furukawa Electric Co. Ltd, JX Nippon Mining & Metals Corporation, and Olin Brass (Global Brass and Copper Holdings Inc.), among others.
July 2017: Mitsui Mining & Smelting Co. Ltd boosted the production for electro-deposited copper foil for flexible printed circuits.
May 2017: Mitsui Mining & Smelting Co. Ltd increased the monthly production of its ultra-thin copper foil with carrier product, to 3.3 million m2.
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The application that is expected to dominate the market.
The regions that are expected to witness the fastest growth during the forecast period.
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