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The battery aluminum foil market is estimated to grow at a CAGR of 8.08% between 2022 and 2027. The size of the market is forecasted to increase by USD 632.79 million. The growth of the market depends on several factors, including the demand from the automobile industry, the rising adoption of green initiatives, and the increasing demand for electronics.
This report extensively covers market segmentation by end-user (consumer electronics, automotive, industrial, aerospace and defense, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The increase in demand for electronics is notably driving the market growth, although factors such as the slowdown of the manufacturing sector in China may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Battery Aluminum Foil Market Driver
Significant Battery Aluminum Foil Market Trend
Major Battery Aluminum Foil Market Challenge
Key Battery Aluminum Foil Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Battery Aluminum Foil Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Dunmore Corp. - The company offers battery aluminum foils such as carbon-coated aluminum.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the consumer electronics segment will be significant during the forecast period. The increasing demand from various sectors will propel the growth of this segment. For instance, in refrigerators, battery aluminum foil helps transmit heat rapidly and assists in the cooling process. Battery aluminum foil is also used to make chassis for high-definition television. Other electronic products that use battery aluminum foil include digital music players and mobile devices.
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The consumer electronics segment was valued at USD 437.38 million in 2017 and continued to grow by 2021. Battery aluminum foil is also used in consumer durables such as microwaves, air conditioners, cooking utensils, and coffee makers. In addition, it is used in solar panels and heat exchangers owing to its insulation properties. Such applications are expected to drive the growth of the segment during the forecast period.
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APAC will account for 40% of the growth of the global battery aluminum foil market. The region has a large consumer base, with easy availability of raw materials and low-cost labor. The growth of the market in APAC is attributed to the applications of battery aluminum foil in industries such as automotive, consumer electronics, aerospace, and defense. The presence of leading automotive manufacturers in countries such as China, India, Japan, and South Korea will increase the demand for battery aluminum foil.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. In 2020, COVID-19 negatively impacted the growth of the regional market. However, the initiation of vaccination led to a decline in the number of COVID-19 cases, which resulted in the lifting of lockdown restrictions. The regional automotive industry witnessed growth in 2021, as the sales of new energy vehicles (NEVs) in China increased by more than 2 million units in 2021 when compared to 2020. Hence, the regional market is expected to grow during the forecast period.
The report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The reports categorize the global battery aluminum foil market as a part of the aluminum market, which covers companies engaged in the production of aluminum and related products. Technavio calculates the global metals and mining market size based on the combined revenue generated by producers of aluminum; copper; gold; silver; steel; diversified metals and mining, including nonferrous metal mining (except bauxite), salt and borate mining, phosphate rock mining; and precious metals and minerals such as platinum. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
Battery Aluminum Foil Market Scope |
|
Report Coverage |
Details |
Page number |
152 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.08% |
Market growth 2023-2027 |
USD 632.79 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.8 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 40% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Dunmore Corp., Furukawa Electric Co. Ltd., Granges AB, Haomei Aluminum, HD METAL M Co. Ltd., Henan Mingtai Aluminum Industry Co. Ltd., Henan Tendeli Metallurgical Materials Co. Ltd., Jiangsu Dingsheng New Energy Materials Co. Ltd., Lotte Aluminum Co. Ltd., Luoyang Wanji Aluminum Processing Co. Ltd., MTI Corp., NANOGRAFI Co. Inc., Nanoshel LLC, Nippon Light Metal Holdings Co. Ltd., Resonac Holdings Corp., Shandong Nanshan Aluminium Co. Ltd., Shanghai Metal Corp., Shantou Wanshun New Material Group Co. Ltd., UACJ Corp., and Xiashun Holdings Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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