Report Overview:

Copper foil is an indispensable functional raw material in electronics manufacturing, primarily used in lithium-ion batteries and printed circuit boards (PCBs). In lithium-ion batteries, copper foil acts as the anode current collector, playing a vital role. The battery structure consists of the cathode, anode, electrolyte, and separator, where copper foil functions both as a carrier and a conductor that collects current generated by the active anode material. The anode material is coated on the copper foil to form electrode sheets, allowing for concentrated and high-current output. With advantages such as light weight, excellent conductivity, soft texture, and mature manufacturing processes, ultra-Thin Copper Foil has become the optimal material choice for anode current collectors in lithium-ion batteries. This report defines copper foil as products with a thickness below 70μm. Lithium battery copper foil mostly adopts ultra-thin specifications, with 6μm and 4.5μm being the most widely used. As battery energy density continues to improve, the market is expected to move toward even thinner specifications. In applications, lithium battery copper foil is primarily used in electric vehicle power batteries and energy storage systems; in contrast, standard copper foil with a thickness of 12–70μm is mainly used in PCB manufacturing for consumer electronics and communication sectors.

According to Bosson Research, the global copper foil market reached USD 16.69 billion in 2024 and is expected to expand at a CAGR of approximately 16.88% from 2025 to 2033, reaching around USD 67 billion by 2033. The surge in demand for electric vehicle power batteries and energy storage batteries, especially in East Asia and the Middle East due to strategic investments, has significantly increased the demand for copper foil. At the same time, the explosive growth of AI computing power, electronics, and 5G communication devices further drives the widespread application of copper foil in high-frequency circuits. These trends are driven not only by technological innovation but also by strong government policy support, particularly in green energy and industrial transformation. In addition, improvements in ultra-Thin Copper Foil production processes have gradually reduced production costs, enhancing the market competitiveness of this high-performance material in meeting the needs of electric vehicles and high-frequency electronics.

The copper foil industry experiences rapid technological iteration. It has high capital and technological barriers. Increasing the energy density of power batteries has become a key competition goal for battery manufacturers. Using thinner copper foil can increase battery energy density while reducing the amount of copper foil per cell. Transitioning from 8μm to 6μm copper foil can improve cell energy density by 3%-5%, while transitioning from 6μm to 4.5μm can improve it by 5%-10%. Currently, the market mainly uses 4-6μm copper foil, but some companies have developed products as thin as 3μm. As the trend of ultra-thin lithium battery copper foil continues, more manufacturers are increasing R&D efforts on thinner copper foil.

Thin Copper Foil Value Chain Mapping

Copper foil products are priced based on the "copper price + processing fee." Considering copper is a bulk commodity, processing fees for each product specification are generally determined based on production costs, market supply and demand, and are priced monthly based on this "copper price + processing fee."

Under this pricing model, copper foil manufacturers can bear relatively little risk from copper price fluctuations. Using China, currently the largest producer of thin copper foil, as a case study, processing fees have bottomed out and are currently stabilizing and recovering. Since peaking in 2021, copper foil processing fees have continued to decline in recent years. The main reasons include weakening demand in some downstream applications and oversupply within the industry, leading to intense price competition. On November 9, 2024, the Electronic Copper Foil Branch of the China Electronic Materials Industry Association issued a proposal for reasonable adjustments to copper foil product prices to jointly maintain the industry's viability. The proposal points out that the more severe the internal competition in the copper foil industry becomes, the more product prices continue to fall significantly below the industry average cost, resulting in losses across the industry. The proposal calls for reasonable adjustments to copper foil product prices to jointly maintain the industry's viability. On November 18, 2024, the association further released a research and analysis of electrolytic copper foil production costs, providing a cost range for processing fees for major domestic electrolytic copper foil varieties. It urged copper foil companies to quickly adjust processing fees back above this cost range to escape the industry-wide loss-making situation. Since the end of 2024, copper foil processing fees have shown a stabilizing and upward trend.

Key Development Trends

1. Accelerating Technological Iteration

With advancements in battery technology, the ultra-thin copper foil industry for energy storage is set to experience an accelerated period of technological iteration, with extreme thinning and composite materials becoming the mainstream directions for the industry's development. Ultra-thin copper foil technology with a thickness of 3.5μm and below is expected to mature gradually and become key to enhancing the energy density of energy storage batteries, potentially increasing energy output by 10%-15%. This trend of thinning not only enhances the energy storage capacity of batteries but also effectively reduces their weight, making them more efficient and lightweight for use in new energy vehicles and energy storage systems. Furthermore, composite copper foil materials, with their advantages in lightweight and high safety, are emerging as a new growth point in the market. As the technology matures, the market penetration rate of composite copper foil is expected to increase from less than 5% currently to more than 15% by 2025.

As technology diversifies, the competitive landscape of the industry will also change. Similarly, HVLP (High Voltage Low Power) copper foil has far superior surface smoothness compared to traditional copper foil, effectively reducing conductor losses during the transmission process and improving signal transmission quality and stability. The widespread application of this type of copper foil is becoming key to meeting the high-speed, high-frequency demands of the AI era. With the continuous development of technologies such as AI and 5G, low-surface roughness copper foil is expected to occupy an increasingly important position in the PCB market, becoming the preferred material for high-end PCB manufacturers. Companies with first-mover advantages and innovative technologies will dominate the market, establishing technological barriers through continuous R&D and innovation to ensure their competitiveness in the future market. This technological shift will also drive further consolidation across the upstream and downstream of the industrial chain, creating a technology-driven market competition environment.

2. Increasing Industry Concentration

In the future, the thin copper foil industry will experience both vertical integration and globalization trends. Leading companies will extend upstream to raw materials and deepen their ties with downstream customers to build integrated advantages. For example, companies will not only strengthen cooperation with copper mining enterprises to ensure a stable supply of raw materials but will also collaborate closely with battery manufacturers to improve capacity and technology synergies. This trend of integration not only enhances the companies' bargaining power in the supply chain but also improves their negotiating leverage and market share. At the same time, to address global trade barriers and raw material cost fluctuations, leading companies in China and South Korea are accelerating their production base layout in Southeast Asia, Europe, and other regions, further reducing production costs and increasing their global market share.

3. Policy and Market Demand Dual Drive

The dual drivers of policy support and market demand will be crucial for the continuous expansion of the thin copper foil industry. With the gradual implementation of global carbon neutrality targets, government support for the energy storage industry will increase, including the introduction of specific policies and increased R&D investment to drive innovation in battery technology and energy storage systems. These policies not only provide stable market demand for the thin copper foil industry but also promote technological progress, further expanding market scale. Especially in the field of new energy vehicles, as policy support and market demand grow, the demand for power batteries has surged, thereby driving increased demand for thin copper foil. Furthermore, with the rise of emerging technologies such as sodium-ion batteries and solid-state batteries, the market will create differentiated copper foil product demands, providing fast-responding and innovative companies with opportunities to gain an edge.

Global Thin Copper Foil Market: Competitive Landscape

The global copper foil market exhibits significant concentration and regional differentiation. Chinese companies, leveraging large-scale production capacity, diverse product portfolios, and rapid technological iteration, dominate the global market. Leading companies such as Longdian Huaxin Copper Foil Co., Ltd, Jiujiang Defu Technology Co., Limited, Chang Chun Group, Guangdong Jia Yuan Technology, Huachuang New Materials Co., Ltd., and Nuode New Materials Co., Ltd each have individual capacities of 130,000–170,000 tons, covering the full thickness range of 3–70μm and achieving production advantages in the 3–6μm ultra-thin copper foil segment, making China the main global supplier of electrolytic copper foil.

In comparison, Japanese and South Korean companies, though smaller in capacity, have technological advantages in 1.5–5μm ultra-thin and high-end rolled copper foil, holding a key position in high energy density battery products and high-frequency, high-speed PCB markets. Companies such as Mitsui Mining and Smelting, Fukuda Metal Foil & Powder Company, JX Nippon Mining and Metal, and Furukawa Electric maintain leading positions in ultra-thin, high-strength, and high-toughness copper foil. South Korean companies Lotte Energy Materials Corporation, Solus Advanced Materials, and SKC Co., Ltd. also have advantages in advanced battery copper foil technologies and are actively expanding production to strengthen regional competitiveness.

Overall, the market is evolving toward a “China: large-scale production + Japan/Korea: high-end technology” bipolar structure. Rising demand for high-energy-density power batteries, energy storage systems, and high-frequency, high-speed communication accelerates the concentration of capacity toward ultra-thin, high-consistency, and low-carbon production. Competition is shifting from pure capacity comparison to comprehensive competition in technology barriers, cost control, and supply chain strategy.

However, due to phased overcapacity, the industry is currently in a chaotic period. Profits of leading companies are declining, industry restructuring is accelerating, and the market is expected to consolidate toward top players. In the current copper foil industry, processing fees for lithium battery copper foil continue to decline. As of December 2023, processing fees for 6μm high-end lithium battery copper foil had fallen below USD 3,000 per ton, putting pressure on profitability and keeping companies at a cost-support stage. According to data on fixed assets and ongoing projects, copper foil companies expanded rapidly in 2022, but the growth rate of fixed assets and ongoing projects slowed from 2023 onward, delaying the construction of new production capacity. Overall, the growth rate of new capacity still exceeds downstream demand, resulting in continued overcapacity. Industry consolidation is expected to continue for some time, with mergers and acquisitions signaling the beginning of capacity rationalization. Leading companies will be the first to reduce losses or return to profitability, with high-end product ratios, high utilization rates, and good cost control providing a competitive advantage.

Global Thin Copper Foil Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Longdian Huaxin Copper Foil Co., Ltd

Jiujiang Defu Technology Co., Limited

Chang Chun Group

Guangdong Jia Yuan Technology

Huachuang New Materials Co., Ltd.

Nuode New Materials Co., Ltd

Mitsui Mining and Smelting

Anhui Tongguan Copper Foil Group

Lotte Energy Materials Corporation

Tongbo Technology Co., Ltd.

Nan Ya Plastics Corporation

Hailiang Group

Solus Advanced Materials

Fukuda Metal Foil & Powder Company

Wah Wei Copper Foil

Co-Tech

SKC Co., Ltd.

JX Nippon Mining and Metal

Furukawa Electric

Nippon Denkai, Ltd.

Targray

Jinbao Electronics

Zijin Mining Group

Market Segmentation (by Thickness)

1-2μm

2-4μm

4-6μm

6-18 μm

Standard/Thick Foil

Market Segmentation (by Foil Type)

ED Copper Foil

RA Copper Foil

Market Segmentation (by Surface Treatment)

Single-Sided Treated

Double-Sided Treated

High-Adhesion Grade

Low-Roughness Grade

Others

Market Segmentation (by End-Use Industry)

Electronics & Electrical

Automotive & Transportation

Energy & Power

Aerospace & Defense

Industrial Machinery

Others

Market Segmentation (by Application)

Printed Circuit Boards (PCBs)

Lithium-ion Batteries

Electromagnetic Shielding

Flexible Printed Circuits

Others

Geographic Segmentation

North America

Europe

Asia-Pacific

South America

Middle East and Africa

Key Benefits of This Market Research:

• Industry drivers, restraints, and opportunities covered in the study

• Neutral perspective on the market performance

• Recent industry trends and developments

• Competitive landscape & strategies of key players

• Potential & niche segments and regions exhibiting promising growth covered

• Historical, current, and projected market size, in terms of value

• In-depth analysis of the Thin Copper Foil Market

• Overview of the regional outlook of the Thin Copper Foil Market:

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Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Thin Copper Foil Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to Thickness, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides the analysis of various market segments according to Foil Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 9 provides the analysis of various market segments according to Surface Treatment, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 10 provides the analysis of various market segments according to End-Use Industry, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 12 details the production of products in major countries/regions and provides the production of major countries/regions.

Chapter 13 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 14 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 15 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 16 is the main points and conclusions of the report.