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 – Technavio

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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Key Benefits for Industry Players & Stakeholders – 

  • The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
  • It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
  • The report also provides a qualitative and quantitative analysis of vendors 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.

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Customer Landscape – Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio

  • One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
  • Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which ranges between LOW and HIGH.
  • Furthermore, market adoption rates for all regions have been covered.

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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

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Table of contents:

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 13: Chart on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global battery aluminum foil market 2017 – 2021 
    • Exhibit 17: Historic Market Size – Data Table on Global battery aluminum foil market 2017 – 2021 ($ million)
  • 4.2 End-user Segment Analysis 2017 – 2021 
    • Exhibit 18: Historic Market Size – End-user Segment 2017 – 2021 ($ million)
  • 4.3 Geography Segment Analysis 2017 – 2021 
    • Exhibit 19: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
  • 4.4 Country Segment Analysis 2017 – 2021 
    • Exhibit 20: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 21: Five forces analysis – Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 22: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 23: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 24: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 25: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry
    • Exhibit 26: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition
    • Exhibit 27: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by End-user

  • 6.1 Market segments
    • Exhibit 28: Chart on End-user – Market share 2022-2027 (%)
    • Exhibit 29: Data Table on End-user – Market share 2022-2027 (%)
  • 6.2 Comparison by End-user 
    • Exhibit 30: Chart on Comparison by End-user
    • Exhibit 31: Data Table on Comparison by End-user
  • 6.3 Consumer electronics – Market size and forecast 2022-2027 
    • Exhibit 32: Chart on Consumer electronics – Market size and forecast 2022-2027 ($ million)
    • Exhibit 33: Data Table on Consumer electronics – Market size and forecast 2022-2027 ($ million)
    • Exhibit 34: Chart on Consumer electronics – Year-over-year growth 2022-2027 (%)
    • Exhibit 35: Data Table on Consumer electronics – Year-over-year growth 2022-2027 (%)
  • 6.4 Automotive – Market size and forecast 2022-2027 
    • Exhibit 36: Chart on Automotive – Market size and forecast 2022-2027 ($ million)
    • Exhibit 37: Data Table on Automotive – Market size and forecast 2022-2027 ($ million)
    • Exhibit 38: Chart on Automotive – Year-over-year growth 2022-2027 (%)
    • Exhibit 39: Data Table on Automotive – Year-over-year growth 2022-2027 (%)
  • 6.5 Industrial – Market size and forecast 2022-2027 
    • Exhibit 40: Chart on Industrial – Market size and forecast 2022-2027 ($ million)
    • Exhibit 41: Data Table on Industrial – Market size and forecast 2022-2027 ($ million)
    • Exhibit 42: Chart on Industrial – Year-over-year growth 2022-2027 (%)
    • Exhibit 43: Data Table on Industrial – Year-over-year growth 2022-2027 (%)
  • 6.6 Aerospace and defense – Market size and forecast 2022-2027 
    • Exhibit 44: Chart on Aerospace and defense – Market size and forecast 2022-2027 ($ million)
    • Exhibit 45: Data Table on Aerospace and defense – Market size and forecast 2022-2027 ($ million)
    • Exhibit 46: Chart on Aerospace and defense – Year-over-year growth 2022-2027 (%)
    • Exhibit 47: Data Table on Aerospace and defense – Year-over-year growth 2022-2027 (%)
  • 6.7 Others – Market size and forecast 2022-2027 
    • Exhibit 48: Chart on Others – Market size and forecast 2022-2027 ($ million)
    • Exhibit 49: Data Table on Others – Market size and forecast 2022-2027 ($ million)
    • Exhibit 50: Chart on Others – Year-over-year growth 2022-2027 (%)
    • Exhibit 51: Data Table on Others – Year-over-year growth 2022-2027 (%)
  • 6.8 Market opportunity by End-user 
    • Exhibit 52: Market opportunity by End-user ($ million)
    • Exhibit 53: Data Table on Market opportunity by End-user ($ million)

7 Customer Landscape

  • 7.1 Customer landscape overview 
    • Exhibit 54: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

  • 8.1 Geographic segmentation 
    • Exhibit 55: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 56: Data Table on Market share by geography 2022-2027 (%)
  • 8.2 Geographic comparison 
    • Exhibit 57: Chart on Geographic comparison
    • Exhibit 58: Data Table on Geographic comparison
  • 8.3 APAC – Market size and forecast 2022-2027 
    • Exhibit 59: Chart on APAC – Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
    • Exhibit 61: Chart on APAC – Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on APAC – Year-over-year growth 2022-2027 (%)
  • 8.4 North America – Market size and forecast 2022-2027 
    • Exhibit 63: Chart on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 64: Data Table on North America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 65: Chart on North America – Year-over-year growth 2022-2027 (%)
    • Exhibit 66: Data Table on North America – Year-over-year growth 2022-2027 (%)
  • 8.5 Europe – Market size and forecast 2022-2027 
    • Exhibit 67: Chart on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 68: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
    • Exhibit 69: Chart on Europe – Year-over-year growth 2022-2027 (%)
    • Exhibit 70: Data Table on Europe – Year-over-year growth 2022-2027 (%)
  • 8.6 South America – Market size and forecast 2022-2027 
    • Exhibit 71: Chart on South America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 72: Data Table on South America – Market size and forecast 2022-2027 ($ million)
    • Exhibit 73: Chart on South America – Year-over-year growth 2022-2027 (%)
    • Exhibit 74: Data Table on South America – Year-over-year growth 2022-2027 (%)
  • 8.7 Middle East and Africa – Market size and forecast 2022-2027 
    • Exhibit 75: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
    • Exhibit 76: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
    • Exhibit 77: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
    • Exhibit 78: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
  • 8.8 US – Market size and forecast 2022-2027 
    • Exhibit 79: Chart on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 80: Data Table on US – Market size and forecast 2022-2027 ($ million)
    • Exhibit 81: Chart on US – Year-over-year growth 2022-2027 (%)
    • Exhibit 82: Data Table on US – Year-over-year growth 2022-2027 (%)
  • 8.9 China – Market size and forecast 2022-2027 
    • Exhibit 83: Chart on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 84: Data Table on China – Market size and forecast 2022-2027 ($ million)
    • Exhibit 85: Chart on China – Year-over-year growth 2022-2027 (%)
    • Exhibit 86: Data Table on China – Year-over-year growth 2022-2027 (%)
  • 8.10 Germany – Market size and forecast 2022-2027 
    • Exhibit 87: Chart on Germany – Market size and forecast 2022-2027 ($ million)
    • Exhibit 88: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
    • Exhibit 89: Chart on Germany – Year-over-year growth 2022-2027 (%)
    • Exhibit 90: Data Table on Germany – Year-over-year growth 2022-2027 (%)
  • 8.11 India – Market size and forecast 2022-2027 
    • Exhibit 91: Chart on India – Market size and forecast 2022-2027 ($ million)
    • Exhibit 92: Data Table on India – Market size and forecast 2022-2027 ($ million)
    • Exhibit 93: Chart on India – Year-over-year growth 2022-2027 (%)
    • Exhibit 94: Data Table on India – Year-over-year growth 2022-2027 (%)
  • 8.12 UK – Market size and forecast 2022-2027 
    • Exhibit 95: Chart on UK – Market size and forecast 2022-2027 ($ million)
    • Exhibit 96: Data Table on UK – Market size and forecast 2022-2027 ($ million)
    • Exhibit 97: Chart on UK – Year-over-year growth 2022-2027 (%)
    • Exhibit 98: Data Table on UK – Year-over-year growth 2022-2027 (%)
  • 8.13 Market opportunity by geography 
    • Exhibit 99: Market opportunity by geography ($ million)
    • Exhibit 100: Data Tables on Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers
  • 9.2 Market challenges
  • 9.3 Impact of drivers and challenges 
    • Exhibit 101: Impact of drivers and challenges in 2022 and 2027
  • 9.4 Market trends

10 Vendor Landscape

  • 10.1 Overview
  • 10.2 Vendor landscape
    • Exhibit 102: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption
    • Exhibit 103: Overview on factors of disruption
  • 10.4 Industry risks
    • Exhibit 104: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 105: Vendors covered
  • 11.2 Market positioning of vendors 
    • Exhibit 106: Matrix on vendor position and classification
  • 11.3 Dunmore Corp.
    • Exhibit 107: Dunmore Corp. – Overview
    • Exhibit 108: Dunmore Corp. – Product / Service
    • Exhibit 109: Dunmore Corp. – Key offerings
  • 11.4 Furukawa Electric Co. Ltd. 
    • Exhibit 110: Furukawa Electric Co. Ltd. – Overview
    • Exhibit 111: Furukawa Electric Co. Ltd. – Business segments
    • Exhibit 112: Furukawa Electric Co. Ltd. – Key news
    • Exhibit 113: Furukawa Electric Co. Ltd. – Key offerings
    • Exhibit 114: Furukawa Electric Co. Ltd. – Segment focus
  • 11.5 Granges AB
    • Exhibit 115: Granges AB – Overview
    • Exhibit 116: Granges AB – Business segments
    • Exhibit 117: Granges AB – Key offerings
    • Exhibit 118: Granges AB – Segment focus
  • 11.6 Haomei Aluminum
    • Exhibit 119: Haomei Aluminum – Overview
    • Exhibit 120: Haomei Aluminum – Product / Service
    • Exhibit 121: Haomei Aluminum – Key offerings
  • 11.7 HD METAL M Co. Ltd.
    • Exhibit 122: HD METAL M Co. Ltd. – Overview
    • Exhibit 123: HD METAL M Co. Ltd. – Product / Service
    • Exhibit 124: HD METAL M Co. Ltd. – Key offerings
  • 11.8 Henan Mingtai Aluminum Industry Co. Ltd. 
    • Exhibit 125: Henan Mingtai Aluminum Industry Co. Ltd. – Overview
    • Exhibit 126: Henan Mingtai Aluminum Industry Co. Ltd. – Product / Service
    • Exhibit 127: Henan Mingtai Aluminum Industry Co. Ltd. – Key offerings
  • 11.9 Henan Tendeli Metallurgical Materials Co. Ltd. 
    • Exhibit 128: Henan Tendeli Metallurgical Materials Co. Ltd. – Overview
    • Exhibit 129: Henan Tendeli Metallurgical Materials Co. Ltd. – Product / Service
    • Exhibit 130: Henan Tendeli Metallurgical Materials Co. Ltd. – Key offerings
  • 11.10 Jiangsu Dingsheng New Energy Materials Co. Ltd. 
    • Exhibit 131: Jiangsu Dingsheng New Energy Materials Co. Ltd. – Overview
    • Exhibit 132: Jiangsu Dingsheng New Energy Materials Co. Ltd. – Product / Service
    • Exhibit 133: Jiangsu Dingsheng New Energy Materials Co. Ltd. – Key offerings
  • 11.11 Lotte Aluminum Co. Ltd. 
    • Exhibit 134: Lotte Aluminum Co. Ltd. – Overview
    • Exhibit 135: Lotte Aluminum Co. Ltd. – Product / Service
    • Exhibit 136: Lotte Aluminum Co. Ltd. – Key offerings
  • 11.12 NANOGRAFI Co. Inc.
    • Exhibit 137: NANOGRAFI Co. Inc. – Overview
    • Exhibit 138: NANOGRAFI Co. Inc. – Product / Service
    • Exhibit 139: NANOGRAFI Co. Inc. – Key offerings
  • 11.13 Nippon Light Metal Holdings Co. Ltd. 
    • Exhibit 140: Nippon Light Metal Holdings Co. Ltd. – Overview
    • Exhibit 141: Nippon Light Metal Holdings Co. Ltd. – Business segments
    • Exhibit 142: Nippon Light Metal Holdings Co. Ltd. – Key offerings
    • Exhibit 143: Nippon Light Metal Holdings Co. Ltd. – Segment focus
  • 11.14 Resonac Holdings Corp. 
    • Exhibit 144: Resonac Holdings Corp. – Overview
    • Exhibit 145: Resonac Holdings Corp. – Business segments
    • Exhibit 146: Resonac Holdings Corp. – Key news
    • Exhibit 147: Resonac Holdings Corp. – Key offerings
    • Exhibit 148: Resonac Holdings Corp. – Segment focus
  • 11.15 Shandong Nanshan Aluminium Co. Ltd. 
    • Exhibit 149: Shandong Nanshan Aluminium Co. Ltd. – Overview
    • Exhibit 150: Shandong Nanshan Aluminium Co. Ltd. – Product / Service
    • Exhibit 151: Shandong Nanshan Aluminium Co. Ltd. – Key offerings
  • 11.16 Shantou Wanshun New Material Group Co. Ltd. 
    • Exhibit 152: Shantou Wanshun New Material Group Co. Ltd. – Overview
    • Exhibit 153: Shantou Wanshun New Material Group Co. Ltd. – Product / Service
    • Exhibit 154: Shantou Wanshun New Material Group Co. Ltd. – Key offerings
  • 11.17 UACJ Corp.
    • Exhibit 155: UACJ Corp. – Overview
    • Exhibit 156: UACJ Corp. – Business segments
    • Exhibit 157: UACJ Corp. – Key offerings
    • Exhibit 158: UACJ Corp. – Segment focus

12 Appendix

  • 12.1 Scope of the report
  • 12.2 Inclusions and exclusions checklist 
    • Exhibit 159: Inclusions checklist
    • Exhibit 160: Exclusions checklist
  • 12.3 Currency conversion rates for US$ 
    • Exhibit 161: Currency conversion rates for US$
  • 12.4 Research methodology
    • Exhibit 162: Research methodology
    • Exhibit 163: Validation techniques employed for market sizing
    • Exhibit 164: Information sources
  • 12.5 List of abbreviations 
    • Exhibit 165: List of abbreviations

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