Publication Month: Dec 2021 | Report Code: TIPRE00019448 | No. of Pages: 216 | Category: Electronics and Semiconductor | Status: Published
Electronic systems are increasingly becoming thinner and smaller with rising storage capacity and computing power demand. The need for high-speed data communication, energy generation, miniaturization, and increased transmission and storage capability is creating drastic changes in the development of electronic components. Electrode foils are widely utilized for manufacturing advanced electronic components. Usually, an electrode foil is made of copper, aluminum, or nickel, coated with ceramic and metal particles. Such foils are utilized as current electrodes in respective electrolytic capacitors to reduce the capacitor's size and increase the output discharge. Electrolytic capacitors are required in numerous applications, including computer motherboards and power supplies where low resistance and high capacitance are needed in small volume packages.
According to the Ministry of Commerce & Industry, Government of India, the Indian appliance and consumer electronics market accounted for US$ 10.93 billion in 2019. This market is expected to reach US$ 21.18 billion by 2025. Popular consumer electronics include laptops, mobile phones, tablets, television sets, and many other products. The requirement for home appliances, such as air conditioners, washing machines, dishwashers, and refrigerators, is increasing substantially. Smartphones shipment across the world is estimated to be over 1.4 billion units by 2023. This rise in demand is expected to improve the requirement for electrode foil need in PCBs of smartphones.
Additionally, due to the COVID-19 pandemic, many companies began work-from-home (WFH) practices wherever it was possible. Also, educational institutes, colleges, and fitness classes started streaming online. Such developments increased the need for laptops and tablets worldwide. With rapidly growing consumer electronics markets in various developing countries, the global electrode foil market is reporting a remarkable surge.
|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.|
|No. of Pages||216|
|No. of Tables||149|
|No. of Charts & Figures||101|
|Historical data available||Yes|
|Segments covered||Type, State, Material, Range, and Application|
|Regional scope||North America, Europe, Asia Pacific, Middle East & Africa, South & Central America|
|Country scope||US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Free Sample Copy Available|
The continuous growth in the number of COVID-19 infected patients compelled government authorities to impose stringent lockdowns across the US and other regions during the first two quarters of 2020. The manufacturing sector experienced notable losses due to temporary factory shutdowns and low production volumes, which hindered the growth of the automotive, electronics & semiconductor, and retail sectors. Moreover, the social or physical distancing measures had put limitations on the operations of logistics and other service providers. Owing to the COVID-19 pandemic, lower-income and old buyers seemed to be less optimistic toward expenditure on nonessentials and their spending declined by around 9% in 2020 as compared to 2019. This impacted the sales of various consumer electronics products such as mobile phones, washing machines, and microwave ovens. Component shortages, quarantine mandates, and travel restrictions were major restraints in the production of handsets for smartphone manufacturers. A decrease in demand for consumer electronics products affected the requirement for respective electrode foil negatively. In the US, due to temporary assembly plant closure, the market for electrode foil was greatly affected from the supply side. However, during the Q3 of 2020, the industries started to reopen, and once again the supply chain resumed its operations. However, the effects of the COVID-19 pandemic had weakened North America's electrode foil market. On the other side, the market experienced a positive impact as the demand for electrode foil started growing in the US, Canada, and Mexico as the end-user industries started their operations from Q3 of 2020.
The need for lithium-ion batteries is growing notably in various parts of the world. A few of the typical applications of lithium-ion batteries include laptops, mobile, power backups, uninterruptable power supplies, consumer electronic goods, energy storage systems, and electric mobility. The requirement for electric vehicle lithium-ion batteries in China is predicted to account for around 700 GWh by 2030. Such a high requirement represents approximately half of the global requirement for electric vehicle lithium-ion batteries in 2030. Also, with the growing disposable income in many developing countries of Asia Pacific and the rising demand for tablets, personal computers, and consumer electronics products is expected to rise in coming years. Thus, the growing consumer electronics and automotive sector drives the demand for nickel, copper, and rolled copper alloy anode foils to manufacture lithium-ion batteries. Thus, the increasing requirement of uninterruptable power supplies in the manufacturing sector and growing investment in the lithium-ion batteries sector are anticipated to positively impact the global electrode foil market.
Based on type, the electrode foil market is bifurcated into anode and cathode. The cathode segment led the market with a market share of 66.4% in 2020. A cathode foil primarily contacts the electrolyte and acts as a connection to the negative terminal of the capacitor. This type of foil has a relatively lower degree of purity, around 99.8%. Considering the design, a non-solid aluminum electrolytic capacitor involves a second aluminum foil, also known as the cathode foil. The cathode foil is alloyed with various metals such as silicon, copper, and titanium to reduce the contact resistance to the electrolyte and make it challenging for oxide formation during discharge. The cathode foil is etched to enlarge the surface. It is necessary to avoid the direct contact between the anode and cathode foils as any such contact, even at low voltages, can lead to a short circuit. A cathode foil of aluminum electrolytic capacitors features a thin air-originated oxide layer, having a voltage proof of approximately 1 to 1.5 V. These electrolytic capacitors with a non-solid electrolyte can continuously withstand a minimal reverse voltage. The demand for cathode foils is increasing in hybrid and electric vehicle battery applications.
Based on application, the electrode foil market is segmented into Printed Circuit Boards (PCBs), Solid Polymer Capacitors, Lithium-Ion Batteries, Electrolytic Capacitors and Others. The lithium-ion batteries segment led the market with a share of 38.2% in 2020. Further, it is expected to hold 40.9% share by 2028. Metal foil current collectors assist the anode and cathode in rechargeable Li-ion batteries and directly impact the batteries' performance. From smartphones to electric vehicles, Li-ion batteries are powering more and more products in daily life; hence, improving this performance has become increasingly vital. Aluminum foils with thicknesses of 10–20 m are commonly used as current collectors for Li-ion battery cathode electrodes. The effects of the surface morphology of the foil on battery performance were explored by using a foil with a roughened surface via chemical etching and a simple foil with a smooth surface on both sides. There are no substantial changes in battery performance between the two types of foils for high-conductivity LiCoO2 active materials with big-sized particles. High-rate discharge properties are notably different for low-conductivity LiFePO4 active materials with small-sized particles. The possibility demonstrates the improvement in battery performance by adjusting both the surface topography of the aluminum foil and the particle size of the active material.
Players operating in the electrode foil market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
The global electrode foil market is segmented on the basis of type, state, material, range, and application. Based on type, the market is bifurcated into anode and cathode. Based on state, the electrode foil market is bifurcated into etched and formed. By material, the market is bifurcated into copper and aluminum. Based on range, the electrode foil market is segmented into low voltage, medium voltage, high voltage, and extra-high voltage. By application, the market is segmented into Printed Circuit Boards (PCBs), Solid Polymer Capacitors, Lithium-Ion Batteries, Electrolytic Capacitors, and Others.
Nippon Chemi-Con Corporation; Industrie De Nora S.p.A.; TDK Corporation; Targray Technology International Inc.; KDK Corporation; NICHICON CORPORATION; JAPAN CAPACITOR INDUSTRIAL CO., LTD.; SATMA PPC; TBEA Co., Ltd.; and Xinjiang Zhonghe Co., Ltd. are among the key electrode foil market players considered for the research study. In addition, several other significant market players have been studied and analyzed in the research report to get a holistic view of the market and its ecosystem.