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
Market Size Value in US$ 13,671.21 million in 2021 Market Size Value by US$ 18,490.99 million by 2028 Growth rate CAGR of 4.4% from 2021 to 2028. Forecast Period 2021-2028 Base Year 2021
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Electrode Foil Market: Strategic Insights
| Market Size Value in | US$ 13,671.21 million in 2021 |
| Market Size Value by | US$ 18,490.99 million by 2028 |
| Growth rate | CAGR of 4.4% from 2021 to 2028. |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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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 Report Scope
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, State, Material, Range, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Iran, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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