Report : South America 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 Cathode Segment to Dominate South America Electrode Foil Market during 2021-2028
According to a new market research study on “South America 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$ 1,019.97 million by 2028 from US$ 717.92 million in 2021. The market is estimated to grow at a CAGR of 5.1% from 2021 to 2028. The report provides trends prevailing in the South America electrode foil market along with the drivers and restraints pertaining to the market growth. Heightening Demand from consumer electronics sector and growing need in medical equipment are major factors driving the growth of the South America electrode foil market. However, electrochemical etching treatment being done on aluminum foil may hinder the growth of South America electrode foil market.
Various economic activities were partially discontinued to curb the spread of COVID-19 infection in the region. The COVID-19 pandemic affected the sales of automobiles, consumer electronics products, and home appliances in the region to a considerable extent. Lockdowns imposed in various cities compelled manufacturing site operators to suspend their operations temporarily, which led to the discontinuation of electronic parts demand during Q2 and Q3 of 2020. The decline in demand and supply-side negatively affected the market growth. The long-term consumption prospects are expected to show remarkable growth with increasing requirements for new edge technologies, including machine learning, AI deep learning, and 3D printing. These factors are anticipated to create favorable market growth in the next three to four years.
The market for South America 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 South America 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 South America 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 South America electrode foil market. Finally, based on country, the South America electrode foil market is segmented into Brazil, Argentina and rest of South America. In 2020, Brazil held the largest share in South America electrode foil market. Furthermore, in this present scenario of COVID 19 pandemic, the South America electrode foil market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the South America countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for electrode foil.
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 South America 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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