The electrode foil market size is projected to reach US$ 21190.06 million by 2031 from US$ 14567.21 million in 2023. The market is expected to register a CAGR of 4.8% during 2023–2031. Increasing technological advancements in batteries are likely to remain a key trend in the market.
With expanding storage capacity and computational power needs, electronic systems are getting smaller and thinner. Electronic component development is undergoing significant changes due to the demands of energy generation, downsizing, high-speed data transfer, and increasing transmission and storage capacity. Electrode foils are extensively used in the production of sophisticated electronic components. An electrode foil is typically coated with ceramic and metal particles and composed of copper, aluminum, or nickel. To decrease the size of the capacitor and boost the output discharge, these foils are used as the current electrodes in the corresponding electrolytic capacitors. Electrolytic capacitors are necessary for many applications, such as power supplies and motherboards for computers, where tiny volume packages with high capacitance and low resistance are required.
Electrode Foilimproves the battery’s performance, and it offers benefits such as higher energy density, better adhesion, corrosion protection, longer cycle life and lower total cost of ownership. Moreover, electrode-posited copper foil equipment allows for customization options like different peel strengths or adhesion levels depending on application needs. By tailoring these properties, electronic devices can function optimally while maintaining signal integrity at higher frequencies.
Lithium-ion battery demand is significantly increasing across the globe. Lithium-ion batteries are commonly used in computers, mobile devices, energy storage systems, power backups, uninterruptible power supplies, consumer electronics, and electric vehicles. By 2030, China's lithium-ion battery needs for electric vehicles are expected to account for about 700 GWh. By 2030, this high requirement will account for about half of the world's need for lithium-ion batteries for electric vehicles. Additionally, the demand for tablets, PCs, and other consumer electronics is anticipated to climb in the upcoming years due to the growing disposable income in many developing Asia Pacific countries. Thus, the demand for nickel, copper, and rolled copper alloy is growing with the growing consumer electronics and automotive sectors. Hence, the growing investment in the lithium-ion batteries sector and increasing requirement for uninterruptable power supplies in the manufacturing sector are anticipated to positively impact the global electrode foil market.
According to the European Commission, the automotive industry provides jobs to 13.8 million Europeans, representing 15.1% of total European employment. Major market players, such as Finolex Cables, Furukawa Electric Co Ltd, Hitachi Ltd, Nexans, NKT Cables, Sumitomo Electric Industries Ltd, Synergy Cables Ltd, and more, are launching vehicles in these regions. For instance, in July 2023, Amazon announced its plan to deploy its first European vans from Rivian, the US-based EV maker, to Germany over the coming weeks as part of long-term plans to electrify its transportation network. As part of a 100,000-vehicle order made in 2019 from Rivian, nearly 300 electric vans will be launched in the Munich, Berlin, and Dusseldorf areas. Similarly, in September 2022, MG4 launched a new innovative electric car in Europe. Also, in May 2022, Toyota Motor Corp launched its first mass-produced battery-electric car in Japan. Thus, the increasing adoption of electric vehicles is creating more opportunities for the market.
Key segments that contributed to the derivation of the electrode foil market analysis are type, state, material, range, and application.
The geographic scope of the electrode foil market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
APAC dominates the electrode foil market. The electrode foil market in this region is growing due to various factors, such as increasing government initiatives as well as the adoption of electric vehicles. For instance, Also, in May 2022, Toyota Motor Corp launched its first mass-produced battery-electric car in Japan. Therefore, the adoption of electrode foil is increasing in the APAC region.
The regional trends and factors influencing the Electrode Foil Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Electrode Foil Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 14567.21 Million |
| Market Size by 2031 | US$ 21190.06 Million |
| Global CAGR (2023 - 2031) | 4.8% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Electrode Foil Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Electrode Foil Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The electrode foil market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the electrode foil market are listed below:
The “Electrode Foil Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The expected CAGR of the global electrode foil market is 4.8%.
The global electrode foil market is expected to reach US$ 21190.06 million by 2031.
Increasing technological advancements in batteries are anticipated to play a significant role in the global electrode foil market in the coming years.
The key players holding majority shares in the global electrode foil market are Nippon Chemi-Con Corporation, TDK Corporation, Industrie De Nora S.p.A., Japan Capacitor Industrial Co., LTD., Targray Technology International Inc., KDK Corporation, Nichicon Corporation, Satma PPC, TBEA Co., Ltd., and Xinjiang Zhonghe Co., Ltd.
The increasing need for Lithium-ion batteries and the Increasing adoption of electric vehicles are the major factors that propel the global electrode foil market.
APAC dominates the electrode foil market.