Battery aluminum foil market size is estimated to grow by USD 632.79 million between 2022 and 2027; The increase in demand for electronics will drive the growth

NEW YORK, March 17, 2023 /PRNewswire/ -- The battery aluminum foil market size is forecast to increase by USD 632.79 million from 2022 to 2027, at a CAGR of 8.08%, according to the recent market study by Technavio. The increase in demand for electronics will drive the growth of the market. Consumer electronic devices, such as smartphones are witnessing continuous growth in demand across the world. This is expected to increase the demand for battery aluminum foil in electronic devices. Aluminum is considered an ideal metal for electronics because it is lightweight, durable, and corrosion-resistant. For instance, aluminum is widely used in Apple products, and the new range of MacBook laptops uses an aluminum body for the electronic components. All these factors are expected to propel the growth of the market in focus during the forecast period. Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report

Battery aluminum foil market – Segment Overview

The market is segmented 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).

Segmentation by end-user (Inclusion/Exclusion)

The market share growth by the consumer electronics segment will be significant during the forecast period. The continuous and growing demand for primary consumer electronics such as refrigerators, television, music players, and mobile devices, globally, is expected to drive the demand for battery aluminum foil, among manufacturers. Battery aluminum foil, in every consumer electronics, is used for specific applications. For instance, in solar panels and heat exchangers, it is used for insulation purposes, and in refrigerators, it is used to transmit heat and assist the cooling process. Such application-specific need for battery aluminum foil in consumer electronics is expected to drive the growth of the market, during the forecast period.

Battery aluminum foil market – Regional Analysis

APAC is estimated to contribute 40% to the growth of the global market during the forecast period. With the presence of major automakers in countries such as China, India, Japan, and South Korea, the region is expected to witness higher demand for battery aluminum foil, compared to other regions. Also, APAC holds a larger consumer base and have easy access to raw materials with lower labor cost, compared to other regions. These factors will drive high production demand for automotive and consumer electronics in this region, which will drive demand for battery aluminum foil, during the forecast period.

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Battery aluminum foil market – Vendor Landscape

Technavio has extensively analyzed 15 major vendors, including 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.

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What are the key data covered in this battery aluminum foil market report?

CAGR of the market during the forecast period

Detailed information on factors that will drive the growth of the battery aluminum foil market between 2023 and 2027

Precise estimation of the battery aluminum foil market size and its contribution to the market in focus on the parent market

Accurate predictions about upcoming trends and changes in consumer behavior

Growth of the battery aluminum foil market across APAC, North America, Europe, South America, and Middle East and Africa

A thorough analysis of the market's competitive landscape and detailed information about vendors

Comprehensive analysis of factors that will challenge the growth of battery aluminum foil market vendors

Related Reports:

The aluminum foil market is estimated to grow at a CAGR of 5.15% between 2021 and 2026. The size of the market is forecast to increase by 1,711.22 thousand tons. The increase in global consumption of processed and packaged food products is notably driving the market growth, although factors such as fluctuations in aluminum prices may impede the market growth.

The aluminum foil packaging market is estimated to grow at a CAGR of 4.07% between 2020 and 2025. The size of the market is forecast to increase by USD 2.17 billion. The growing global commercial food service market is notably driving the aluminum foil packaging market growth, although factors such as fluctuating prices of aluminum may impede the market growth.

Battery Aluminum Foil Market Scope

Report Coverage

Details

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, Market condition analysis for 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.

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Table of contents:

1 Executive Summary

1.1 Market overview

2 Market Landscape

2.1 Market ecosystem

3 Market Sizing

3.1 Market definition

3.2 Market segment analysis

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

4 Historic Market Size

4.1 Global battery aluminum foil market 2017 - 2021

4.2 End-user Segment Analysis 2017 - 2021

4.3 Geography Segment Analysis 2017 - 2021

4.4 Country Segment Analysis 2017 - 2021

5 Five Forces Analysis

5.1 Five forces summary

5.2 Bargaining power of buyers

5.3 Bargaining power of suppliers

5.4 Threat of new entrants

5.5 Threat of substitutes

5.6 Threat of rivalry

5.7 Market condition

6 Market Segmentation by End-user

6.1 Market segments

6.2 Comparison by End-user

6.3 Consumer electronics - Market size and forecast 2022-2027

6.4 Automotive - Market size and forecast 2022-2027

6.5 Industrial - Market size and forecast 2022-2027

6.6 Aerospace and defense - Market size and forecast 2022-2027

6.7 Others - Market size and forecast 2022-2027

6.8 Market opportunity by End-user

7 Customer Landscape

7.1 Customer landscape overview

8 Geographic Landscape

8.1 Geographic segmentation

8.2 Geographic comparison

8.3 APAC - Market size and forecast 2022-2027

8.4 North America - Market size and forecast 2022-2027

8.5 Europe - Market size and forecast 2022-2027

8.6 South America - Market size and forecast 2022-2027

8.7 Middle East and Africa - Market size and forecast 2022-2027

8.8 US - Market size and forecast 2022-2027

8.9 China - Market size and forecast 2022-2027

8.10 Germany - Market size and forecast 2022-2027

8.11 India - Market size and forecast 2022-2027

8.12 UK - Market size and forecast 2022-2027

8.13 Market opportunity by geography

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape

10.3 Landscape disruption

10.4 Industry risks

11 Vendor Analysis

11.1 Vendors covered

11.2 Market positioning of vendors

11.3 Dunmore Corp.

11.4 Furukawa Electric Co. Ltd.

11.5 Granges AB

11.6 Haomei Aluminum

11.7 HD METAL M Co. Ltd.

11.8 Henan Mingtai Aluminum Industry Co. Ltd.

11.9 Henan Tendeli Metallurgical Materials Co. Ltd.

11.10 Jiangsu Dingsheng New Energy Materials Co. Ltd.

11.11 Lotte Aluminum Co. Ltd.

11.12 NANOGRAFI Co. Inc.

11.13 Nippon Light Metal Holdings Co. Ltd.

11.14 Resonac Holdings Corp.

11.15 Shandong Nanshan Aluminium Co. Ltd.

11.16 Shantou Wanshun New Material Group Co. Ltd.

11.17 UACJ Corp.

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist

12.3 Currency conversion rates for US$

12.4 Research methodology

12.5 List of abbreviations

About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [email protected]: www.technavio.com/

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