Report : Europe 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 Europe Electrode Foil Market during 2021-2028
According to a new market research study on “Europe 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$ 4,123.49 million by 2028 from US$ 3,287.93 million in 2021. The market is estimated to grow at a CAGR of 3.3% from 2021 to 2028. The report provides trends prevailing in the Europe electrode foil market along with the drivers and restraints pertaining to the market growth. Incrementing demand from consumer electronics sector and rising need in medical equipment are major factors driving the growth of the Europe electrode foil market. However, electrochemical etching treatment may hinder the growth of Europe electrode foil market.
The automotive industry is one of the largest markets for electrode foils. The automotive sector employs distinct types of printed circuit boards (PCBs) differing in substrates or materials used and in the structure to meet the requirements of weight, space, and cost. The European automotive industry was severely affected and experienced a decline of more than ~20% in overall automotive production due to severe supply chain disruptions caused by lockdowns imposed in response to increasing number of COVID-19 confirmed cases. These disruptions impacted the demand for rigid PCBs, flex PCBs, rigid-flex PCBs, LED PCBs, and HDI PCBs used in various automotive applications such as reverse camera screens, control panels, lighting systems, brake lights, and infotainment systems. Low demand for these PCBs consequently affected the requirement for electrode foils. With decreased income levels, buyers opted to purchase essentials, such as household goods and groceries, instead of non-essentials and big-ticket purchases such as home theaters and LCD TVs. The COVID-19 pandemic compelled manufacturers to streamline their production processes to resolve unexpected disruptions and uncertain challenges such as physical distancing. However, considering increasing vaccination drives, the demand for electrode foils is expected to recover by the end of 2022, with companies investing in making operations more efficient and productive.
The market for Europe 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 Europe 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 Europe 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 Europe electrode foil market. Finally, based on country, the Europe electrode foil market is segmented into Germany, France, Italy, Russia, UK and rest of Europe. In 2020, Germany held the largest share in Europe electrode foil market. Furthermore, in this present scenario of COVID 19 pandemic, the Europe electrode foil market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Europe 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; Satma Ppc; TBEA Co., Ltd. and Xinjiang Zhonghe Co., Ltd. are some of the leading companies in the Europe 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.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com