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Contact usGlobal Clad Metals for Batteries Market, Sales Ana...
RD Code : 53437Global Clad Metals for Batteries Market, Sales Analysis, Market Revenue, Industry Drivers & Opportunities, Recent Trends & Developments, COVID-19 Impact, Regional Outlook, and Forecast 2022 - 2028, By Type (Ni/Cu, Ni/Cu/Ni, Cu/Al, Others); By Application (Coin Cell Battery, Pouch Cell, Cylindrical Cell, Others); and Region (North America, Europe, Asia Pacific, South America, and Middle East and Africa)
Categories: Electronics & Semiconductor
Format : 
Market Outlook
According to Future Market Consulting analysis, Global Clad Metals for Batteries Market size was valued at USD 7.83 Billion in 2021 and is projected to reach USD 10.55 Billion by 2028, growing at a CAGR of 4.5 % from 2022 to 2028.
Copper and aluminium are great conductive materials that have a high cost-performance ratio. They are the primary conductive materials throughout energy systems and are widely used. Aluminum is typically used in high voltage lines, while copper is employed in low-voltage distribution cabinet systems. However, copper and aluminium cannot be connected directly. As a result, the effective coupling between the copper conductor and the aluminium dielectric material has a significant effect on the overall safety of the power system. Cladding is a method of bonding dissimilar metals together. It is usually undertaken by sandwiching various elements through a die or compressing and winding plates and strips under high pressure. Metalworkers have used this method over a century.
The flash welding, friction welding, and brazing methods are commonly used to prepare traditional copper-aluminum connecting materials. The mechanical properties, reliability, and conductivity of the connectors pose a quality risk as well as a potential safety danger. It is critical to create advanced manufacturing technology as well as new types of electric hardware components. By using independent innovation, manufacturers create the copper clad aluminium composite materials fastener, parallel grove clamp, copper clad aluminium composite transition plate, and copper clad aluminium composite connecting panels. They are extensively utilized in the energy industry to replace traditional processes, not only to enhance product quality but also to reduce production costs. As a result, it is an excellent copper clad aluminium transition plate connecting product.
Market Dynamics
Drivers
- Increasing demand for High performance & minimal power consumption batteries.
- Lower cost & effective method
Challenges
- Possibility of short circuit & poor life cycle
Opportunities
- Recent innovations & technical developments in automotive industry.
Key Players
- Proterial
- Engineered Materials Solutions
- Wickeder Westfalenstahl
- Foshan Tongbao Electrical Precision Alloy
- Mitani Shoji
- Umicore
- Changsung Corp. Ltd.
- Materion Corp.
|
Report Attributes |
Details |
|
Market Size Value In 2021 |
USD 7.83 billion |
|
Revenue Forecast In 2028 |
USD 10.55 billion |
|
CAGR |
4.5% from 2022 - 2028 |
|
Base Year |
2021 |
|
Historical Data |
2018 - 2020 |
|
Forecast Period |
2022 - 2028 |
|
Segments Covered |
By Type (Ni/Cu, Ni/Cu/Ni, Cu/Al, Others); By Application (Coin Cell Battery, Pouch Cell, Cylindrical Cell, Others); |
|
Regional Scope |
North America (US, Canada, Mexico); Europe (UK, Germany, France, Italy, Spain, Rest of Europe); Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific); Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa); South America (Brazil, Argentina, Rest of South America); |
|
Key Companies |
Proterial, Engineered Materials Solutions, Wickeder Westfalenstahl, Foshan Tongbao Electrical Precision Alloy, Mitani Shoji, Umicore, Changsung Corp. Ltd., Materion Corp. |
Segment Insights
- Based on Type, Cu/Al accounted for the largest market share of 32.5% in 2021, with a market value of USD 2.54 Billion and is projected to grow at a CAGR of 5.5% during the forecast period. Ni/Cu/Ni will also grow at second highest CAGR of 4.8% during the forecasted period of 2022 – 2028.
- Based on Application, Coin Cell Type accounted for the largest market share of 55.5% in 2021, with a market value of USD 4.35 Billion and is projected to grow with a CAGR of 4.8% in the forecast period. Pouch Cell holds substantial market share generating revenue of USD 1.7 Billion in 2021.
Recent Developments
- Feb’23 – Southwire company announced a plan to open a worlds largest & advanced copper rod plant in Carrollton till april’23.
- Aug’22 - Materion Corp. introduces new facility to stimulate demand in semiconductor and electric car markets.
Regional Insights
- APAC accounted for the largest market share of 43% in 2021, with a market value of USD 3.37 Billion and is projected to grow at the CAGR of 5.1% during the forecast period 2022 - 2028. North America registered second highest market revenue of USD 2.20 Billion in 2021 & projected to grow at CAGR of 4.3% during anticipated timeframe.
- The U.S. accounted for the largest market share of 79% in 2021, with a market value of USD 1.74 Billion and is projected to grow at a CAGR of 4.7% during the forecast period.
Segmentation
By Type
- Ni/Cu
- Ni/Cu/Ni
- Cu/Al
- Others
By Application
- Coin Cell Battery
- Pouch Cell
- Cylindrical Cell
- Others
By Region
South America (Brazil, Argentina, Rest of South America);
North America (US, Canada, Mexico);
Europe (UK, Germany, France, Italy, Spain, Rest of Europe);
Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific);
Middle East & Africa (GCC, South Africa, Rest of Middle East & Africa);
Base Year:2021
Historical Data:2018 To 2020
No of Pages:133
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Future Market Consulting is a research-based management consulting company that provides strategic advice to help clients on critical business perspectives: strategy, marketing organization operations and technology transformation.
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