According to the business intelligence report titled ‘Global Copper Foil Market (Value, Volume) ? Analysis By Product, Application, By Region, By Country (2020 Edition): Market Insights and Outlook Post Covid-19 Pandemic (2020-2025)’, available with Market Study Report, global copper foil market valuation surpassed USD 10 billion mark in 2019 and is slated to grow exponentially during 2020-2025.
 

Lucrative global copper foil market expansion can be largely attributed to mounting crude oil prices leading to escalating demand for electric vehicles, and increasing production and sales of automobiles.
 

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As per the report findings, rapid development in the electronic and electrical industry vertical, along with rising adoption of copper foil in construction activities are adding substantial traction to the market growth. Furthermore, increasing utilization of the product for manufacturing lithium-ion batteries as well as printed circuit boards (PCB) is stimulating global copper foil market outlook.
 

Speaking of the latest developments, the advent of the Covid-19 pandemic has compelled regulatory authorities to impose stringent lockdown measures to curb the spread of the virus. Temporary shutdown of the construction and manufacturing sectors, and suspension of building projects are negatively affecting product demand.
 

Based on product terrain, global copper foil market is split into rolled and electrodeposited, among which the latter segment is touted to experience noteworthy expansion through 2025. Increasing production of PCBs, and surging product usage in batteries and rigid circuits are fostering the demand for electrodeposited copper foils.
 

With regards to end-user landscape, printed circuit board segment is reckoned to grow significantly during the analysis timeframe, owing to escalating demand for medical electronic devices, and increasing penetration of consumer gadgets such as tablets and smartphones.
 

Moving on to application spectrum, electrical & electronics sector is expected to emerge as a major growth avenue for global copper foil industry over the forecast period, on account of rising disposable income, and proliferation of e-sports devices.
 

Regionally speaking, Asia-Pacific captured a substantial portion of global copper foil market share in 2019 and is anticipated to show similar growth through 2025. High concentration of prominent PCB manufacturers, increasing import activities, and escalating demand for electric vehicles in China are propelling the regional industry expansion.
 

Elaborating on the competitive hierarchy of global copper foil market sphere, top firms profile are Furukawa Electric Co. Ltd., Rogers Corporation, Targray Technology International Inc., Doosan Group, Mitsui Mining & Smelting Co. Ltd., JX Nippon Mining & Metals Corp., KCF Technologies Inc., Nuode Investment Co. Ltd., Iljin Materials Co. Ltd., and Global Brass & Copper Holdings Inc.