World Copper & Copper Alloy Foils Market to Cross USD 31.39 Bn by 2023, Predicts MRFR in Its In-Demand Report Available at MarketPublishers.com
04 Aug 2017 • by Natalie Aster
LONDON – Today, amid coper and copper alloy foils, the latter are broadly consumed owing to their exclusive properties like malleability, conductivity and flexibility, to name a few. Copper alloy foils are available in different thickness ranging between 0.025 mm and 5 mm, depending on the end-use field. The electronics and construction industries are the dominant consumers of copper and copper alloy foils. Other important end-use sectors include consumer goods, transport and industrial machinery.
Globally, the market for copper and copper alloy foils is anticipated to see stable growth through 2023, posting a 6.4% CAGR. Growth in this market will likely be supported by the elevating demand from the key end-use industries, introduction of novel applications, robust industrialisation and rapid urbanisation in the emerging markets, among other favourable factors. By 2023, the world’s copper and copper alloy foils market is poised to exceed USD 31.39 billion in value.
Still, some factors could hamper further growth in the copper and copper alloy foils market, for example, certain environmental regulations and availability of substitutes.
At present, APAC grabs the major share of the overall market due to promising growth potential; this regional market is predicted to enjoy a 7.19% CAGR through 2023.
The in-demand research report “Global Copper and Copper Alloy Foils Market – Trends & Forecast, 2015-2023” made up by Market Research Future (MRFR) gives an in-depth insight into the world’s market landscape and dynamics, discusses the prevailing development trends, examines the main forces shaping the market and identifies the major growth challenges and opportunities. Besides, this report touches upon the competitive landscape, covers the market segmentation in detail and investigates the current situation across the major geographical markets. The research study gives access to top-level data on the historical and present market performance as well as offers a future outlook through 2023.
Many other in-demand research reports by this company are provided in the Market Research Future catalogue at MarketPublishers.com.