Electrode Foil Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

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.

Electrode Foil Market Analysis

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 Foil Market Overview

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.

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Electrode Foil Market: Strategic Insights

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Electrode Foil Market Drivers and Opportunities

Increasing Need for Lithium-ion Batteries

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.

Increasing adoption of electric vehicles

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.

Electrode Foil Market Report Segmentation Analysis

Key segments that contributed to the derivation of the electrode foil market analysis are type, state, material, range, and application.

• Based on the type, the electrode foil market is divided into anode and cathode. The solutions segment held a larger market share in 2023.
• By state, the market is segmented into etched and formed. The cloud segment held a larger market share in 2023.
• By material, the market is segmented into copper and aluminum.
• By material, the market is segmented into low voltage, medium voltage, and high voltage.
• By application, the market is segmented into Printed Circuit Boards (PCBs), solid polymer capacitors, lithium-ion batteries, electrolytic capacitors, and others.

Electrode Foil Market Share Analysis by Geography

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.

Electrode Foil Market Regional Insights

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.

Electrode Foil Market Report Scope

Electrode Foil Market Players Density: Understanding Its Impact on Business Dynamics

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:

1. Nippon Chemi-Con Corporation
2. Industrie De Nora S.p.A.
3. TDK Corporation
4. Targray Technology International Inc.
5. KDK Corporation
6. NICHICON CORPORATION

Disclaimer: The companies listed above are not ranked in any particular order.

Electrode Foil Market News and Recent Developments

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:

• SiAT, a leading Taiwan manufacturer of advanced nanomaterials for batteries, is excited to announce a strategic partnership with Taiwan C.S. Aluminum Corporation (CSAC). This collaboration marks the introduction of carbon nanotube-coated aluminum foil, designed to meet the growing demand for faster charging and extended lifespan in lithium-ion batteries, sodium batteries, and supercapacitors. (Source: SiAT, Press Release, March 2024.)
• Mitsubishi Electric, a leading provider of contact image sensors (CIS), and Koenig & Bauer, a pioneer in industrial print applications and inline machine vision systems for various applications, have signed a letter of intent for their future cooperation. The strategic partnership will combine the strengths of both companies to offer standardized, high-quality machine vision components aimed at optimizing the production of electrode foil for battery cells. (Source: Mitsubishi Electric, Press Release, February 2024)

Electrode Foil Market Report Coverage and Deliverables

The “Electrode Foil Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Electrode foil market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Electrode foil market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• electrode foil market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the electrode foil market
• Detailed company profiles