Electrode Foil Market Size, Trends & Growth Opportunity, By Type (Anode and Cathode), State (Etched and Formed), Material (Copper and Aluminum), Range (Low Voltage, Medium Voltage, and High Voltage), and Application [Printed Circuit Boards (PCBs), Solid Polymer Capacitors, Lithium-Ion Batteries, Electrolytic Capacitors, and Others] Region and forecast till 2027.

Electrode Foil Market

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.

  
 Drivers: Rising Demand from Consumer Electronics Sector

The Covid-19 pandemic sparked a strong increase in sales in many sectors of the consumer electronics market in 2020. In the first half of 2021, the global consumer electronics market grew by +18 percent, registering $42.8 billion in revenue. These developments were driven by the lack of entertainment opportunities outside the home and the shift to working from home which has led to the increase in Electrode foil market.

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Restraints: Electrochemical Etching Treatment on Aluminum Foil.

Electrochemical etching treatment on aluminium foil will be a hindrance in the growth of the market during the forecast period.
 

Impact of COVID-19

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.

Segmentation By Type:

On the basis of type, the market is segmented 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.  

Segmentation By State:

By state, the electrode foil market is segmented into Etched and Formed. The formed segment is expected to hold the largest share in the market. The formed segment led the electrode foil market with a market share of 64.5% in 2021. A formed foil is used in various consumer electronics, industrial, electronic communication, and automotive applications. Pharmaceutical cold-formed aluminum foil is widely utilized for tablet packaging. A formed aluminum foil is primarily used in manufacturing electrolytic capacitors.

Segmentation By Material:

By Material the market is segmented into copper, aluminium, and computed Tomography. Copper and aluminium will hold the largest share in the market during the forecast 

Segmentation by Range:

By Range the market is segmented into Low Voltage, Medium Voltage, and High Voltage.

Segmentation By Application:

By Application the market is segmented into 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.

Segmentation by Region

Based on region, the NGS services market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2020, APAC held the largest share in the global electrode foil market. Asia Pacific is the fastest-growing regional market, followed by North America, Europe, MEA, and SAM. Nippon Chemi-Con Corporation; Targray Technology International Inc.; NICHICON CORPORATION; JAPAN CAPACITOR INDUSTRIAL CO., LTD.; and Xinjiang Zhonghe Co., Ltd. are some of the key players operating in the electrode foil market.

Competitive Landscape:

Nippon Chemi-Con Corporation; Industrie De Nora S.p.A.; TDK Corporation; Targray Technology International Inc.; KDK Corporation are the key companies of the market.

Industrial Development:

In 2021, for low voltage, KDK Corporation introduced U199 etched and formed foils, U191 etched and formed foils, and LM108EF2 etched and formed foils.

Market taxonomy

Electrode Foil Market, by Type

• Anode
• Cathode

Electrode Foil Market, by State

• Etched
• Formed

Electrode Foil Market, by Material

• Copper
• Aluminium
• Computed Tomography

Electrode Foil Market, By Range

• Low Voltage
• Medium Voltage
• High Voltage

Electrode Foil Market, By Application

• Printed Circuit Boards
• Solid Polymer Capacitors
• Lithium-Ion Batteries
• Electrolytic Capacitors
• Others

By Region

•        North America
•         Europe
•        Asia Pacific
•        Latin America
•        Middle East & Africa