Aluminum Electrode Foil Market Size to Worth $2.6 Billion by 2032 | CAGR: 9.4%: AMR [Yahoo! Finance]
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Source: Yahoo! Finance
The Asia-Pacific region, with its robust electronics manufacturing industry, is a significant consumer of aluminum foil capacitors. Wilmington, Delaware , May 24, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, Aluminum Electrode Foil Market by Type (Cathode Foil and Anode Foil), and Application (Automotive, Consumer Electronics, Communications, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032" . According to the report, the "aluminum electrode foil market" was valued at $1.1 billion in 2022, and is estimated to reach $2.6 billion by 2032, growing at a CAGR of 9.4% from 2023 to 2032. Prime determinants of growth The global aluminum electrode foil market is experiencing growth due to several factors such as increase in demand for lightweight, flexible electronic devices. However, competition from alternative materials is expected to hinder the market growth. Moreover, the emergence of flexible and stretchable electronics is exp
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