Report : Asia Pacific Electrode Foil Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Anode and Cathode), State (Etched and Formed), Material (Copper and Aluminium), Range (Low Voltage, Medium Voltage, High Voltage, and Extra-High Voltage), and Application [Printed Circuit Boards (PCBs), Solid Polymer Capacitors, Lithium-Ion Batteries, Electrolytic Capacitors, and Others]
The Formed Segment to Dominate Asia Pacific Electrode Foil Market during 2021-2028
According to a new market research study on “Asia Pacific Electrode Foil Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast – by Type. State, Material, Range, Application and Country,” is expected to reach US$ 7,764.37 million by 2028 from US$ 5,424.74 million in 2021. The market is estimated to grow at a CAGR of 5.3% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific electrode foil market along with the drivers and restraints pertaining to the market growth. Incrementing need from consumer electronics sector and rise in application in medical equipment are major factors driving the growth of the Asia Pacific electrode foil market. However, electrochemical etching treatment conducted on aluminium foil may hinder the growth of Asia Pacific electrode foil market.
Various economies in the region witnessed a sharp decline in their national gross domestic product (GDP) in 2020 due to the sudden shutdown of numerous economic activities. The limitations such as restriction of a limited workforce imposed by governments to control the spread of COVID-19 infection during the onset of its outbreak in the mentioned countries affected the production process. Consumer electronics and automotive are the significant sectors that contribute toward the growth of the electrode foil market in the region. Owing to job losses or salary cuts, the buying capacity of the customer decreased substantially. This reduction negatively impacted the sales of television sets, washing machines, air conditioners, and other electronic appliances. However, as the economies re-opened and industries resumed their operations, the requirement for electrode foils from various end users started to grow gradually.
The market for Asia Pacific electrode foil is segmented into type. state, material, range, application and country. Based on type, the market is segmented into anode and cathode. In 2020, the cathode segment held the largest share in Asia Pacific electrode foil market. Based on state, the market is divided into etched and formed. The etched segment is expected to be the fastest growing segment over the forecast period. As per material, the market is segmented into copper and aluminium. In 2020, the aluminium segment held the largest share in Asia Pacific electrode foil market. On the basis of range, the market is divided into low voltage, medium voltage, high voltage, and extra-high voltage. The high voltage segment is expected to be the fastest growing segment over the forecast period. Based on application, the market is segmented into printed circuit boards (PCBs), solid polymer capacitors, lithium-ion batteries, electrolytic capacitors, and others. In 2020, the lithium-ion batteries segment held the largest share in Asia Pacific electrode foil market. Finally, based on country, the Asia Pacific electrode foil market is segmented into Australia, China, India, Japan, South Korea and rest of Asia Pacific. In 2020, China held the largest share in Asia Pacific electrode foil market. Furthermore, in this present scenario of COVID 19 pandemic, the Asia Pacific electrode foil market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacific countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for electrode foil.
Nippon Chemi-Con Corporation; Industrie De Nora S.p.A.; TDK Corporation; Targray Technology International Inc.; KDK Corporation; Nichicon Corporation; Japan Capacitors Industrial Co. Ltd.; Satma Ppc; TBEA Co., Ltd. and Xinjiang Zhonghe Co., Ltd. are some of the leading companies in the Asia Pacific electrode foil market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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