Many economic operations were suspended due to an increase in COVID-19 cases in the region. The UAE is a popular tourist place that receives thousands of travelers every year. Since the tourism sector in the country experienced a decline in demand, due international travel bans, the need for new air conditioners, television sets, and refrigerators reduced notably. This impacted the requirement for electrode foil used in respective PCBs. Moreover, the end users in the region are dependent on international suppliers and experienced significant supply chain disruptions during Q2 of 2020. The beginning of Q3 of 2020 marked the demand for various semiconductor products, such as electrode foils, among the end users when the operations resumed.
With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East and Africa electrode foil market. 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. 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 in the region. With rapidly growing consumer electronics markets in various developing countries, the Middle East and Africa electrode foil market is reporting a remarkable surge.