The Global Foil for Lithium-ion Battery Market was valued at USD 1.82 Billion in 2024 and is projected to reach USD 3.65 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.8% during the forecast period (2024–2030). This growth is being driven by increasing demand for electric vehicles, growing energy storage systems, and the accelerating adoption of high-performance battery components across consumer electronics, automotive, and industrial sectors.

As the global energy storage industry transforms toward higher energy density and sustainable materials, the spotlight is on the key foil manufacturers who are driving innovation, precision engineering, and cleaner energy solutions. In this blog, we profile the Top 10 Companies in the Foil for Lithium-ion Battery Industry—a mix of established metal processors, material scientists, and advanced foil pioneers shaping the future of lithium-ion battery technology.

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🔟 1. UACJ Foil Corporation

Headquarters: Tokyo, Japan
Key Offering: High-purity aluminum foil, Ultra-thin copper foil, and surface-treated foils

UACJ Foil Corporation is among the world’s leading producers of premium battery foils, offering precision-engineered current collectors across global markets. Their advanced foil division serves electric vehicle manufacturers, battery cell producers, and consumer electronics companies, with strategic investments in ultra-thin foil technologies and advanced surface treatments.

Innovation Initiatives:

• Developing sub-6μm ultra-thin copper foils for high-energy density batteries

• Strategic partnerships with major EV battery manufacturers in Asia and Europe

• Committed to achieving carbon neutrality in production by 2050

Download FREE Sample Report:
Foil for Lithium-ion Battery Market – View in Detailed Research Report

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9️⃣ 2. Mitsui Mining & Smelting

Headquarters: Tokyo, Japan
Key Offering: Electrolytic copper foil, Rolled copper foil, Surface-modified foils

Mitsui Mining & Smelting operates sophisticated foil production facilities across Japan, China, and Southeast Asia. The company is a significant player in high-performance foil manufacturing, aiming to meet both automotive safety standards and consumer electronics performance requirements.

Innovation Initiatives:

• Advanced R&D in composite foil structures

• Collaboration with battery research institutes to develop next-generation foil materials

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8️⃣ 3. Furukawa Electric

Headquarters: Tokyo, Japan
Key Offering: Ultra-thin copper foil, High-strength aluminum foil, Multi-layer composite foils

Furukawa Electric’s battery materials division is expanding its technological leadership through proprietary surface treatment processes and alloy development programs.

Innovation Initiatives:

• Production capacity expansion targeting 50,000 tons/year by 2026

• Strategic supply agreements with leading Korean and Chinese battery makers

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7️⃣ 4. JX Nippon Mining & Metals

Headquarters: Tokyo, Japan
Key Offering: High-purity copper foil, Lithium battery anode foil, Cathode current collector foil

JX Nippon Mining & Metals is one of Asia’s premier foil suppliers, serving both automotive and energy storage battery markets. The company is heavily invested in nanotechnology applications for foil surfaces and ultra-precision rolling capabilities.

Innovation Initiatives:

• Goal of 30% market share in premium EV battery foils by 2027

• World’s first mass production of 4μm copper foil for solid-state batteries

Download FREE Sample Report:
Foil for Lithium-ion Battery Market – View in Detailed Research Report

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6️⃣ 5. SKC

Headquarters: Seoul, South Korea
Key Offering: High-performance copper foil, Surface-treated aluminum foil, Hybrid current collectors

SKC’s foil manufacturing division delivers precision battery materials to more than 200 battery cell producers globally. The company provides advanced coating solutions and is pioneering the development of three-dimensional foil structures.

Innovation Initiatives:

• Offers customized foil solutions for next-generation battery chemistries

• Targets 40% revenue growth from battery materials by 2025

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5️⃣ 6. Nuode

Headquarters: Shenzhen, China
Key Offering: Lithium-ion battery copper foil, Ultra-thin aluminum foil, Composite foil materials

Nuode is China’s leading domestic producer of high-performance battery foils, supplying major EV manufacturers including BYD and CATL.

Innovation Initiatives:

• Current foil production capacity: Over 80,000 tons/year across multiple facilities

• Target: 150,000 tons/year by 2028 through strategic capacity expansions

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4️⃣ 7. Kingboard Holdings Limited

Headquarters: Hong Kong, China
Key Offering: Copper foil for power batteries, Aluminum foil for energy storage, Specialized foil for consumer electronics

Kingboard Holdings serves over 100 battery manufacturers with specialized foil products and is the largest foil provider in Greater China for lithium-ion applications.

Innovation Initiatives:

• Advanced R&D in foil surface modification technologies

• Vertical integration from copper smelting to high-precision foil rolling

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3️⃣ 8. Solus

Headquarters: Seoul, South Korea
Key Offering: Ultra-thin copper foil, High-strength aluminum foil, Multi-layer composite current collectors

Solus is South Korea’s premier advanced materials company, distributing foil products to major battery producers including LG Energy Solution and Samsung SDI.

Innovation Initiatives:

• Development of proprietary surface treatment processes for enhanced battery performance

• Strategic technology partnerships with European and North American battery research centers

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2️⃣ 9. Targray

Headquarters: Montreal, Canada
Key Offering: Battery-grade copper foil, Aluminum current collectors, Custom foil solutions

Targray is a global leader in battery material distribution, supplying high-purity foils to energy storage system integrators and EV battery pack assemblers worldwide.

Innovation Initiatives:

• Aims to capture 15% market share in North American battery foil supply by 2026

• Comprehensive technical support and quality assurance services for battery manufacturers

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1️⃣ 10. Co-Tech

Headquarters: Taoyuan, Taiwan
Key Offering: Electro-deposited copper foil, Rolled copper foil, Surface-treated aluminum foil

Co-Tech specializes in the production of ultra-thin copper foils for high-energy density batteries, supporting over 500 energy storage system providers and battery manufacturers globally. It is a leader in foil quality certification and performance validation services.

Innovation Initiatives:

• End-to-end foil solutions for global battery production chains

• Strategic partnerships with raw material suppliers and end-user battery companies

Read Full Report:
Foil for Lithium-ion Battery Market – View in Detailed Research Report

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🌍 Outlook: The Future of Battery Foil Technology Is Thinner and Smarter

The foil for lithium-ion battery market is undergoing a fundamental transformation. While standard thickness foils still dominate in volume, the industry is investing billions in ultra-thin materials, surface engineering technologies, and automated foil production processes.

📈 Key Trends Shaping the Market:

• R&D focus on sub-4μm ultra-thin copper foils for solid-state batteries

• Regulatory push for higher energy density requirements in electric vehicles by 2030

• Digitalization of foil production quality control and thickness uniformity monitoring

• Battery manufacturer-foil company alliances for performance optimization and cost reduction

• Expansion of foil coating and surface modification capabilities

Read Full Report:
Foil for Lithium-ion Battery Market – View in Detailed Research Report

The companies listed above are not only powering global energy storage—they’re spearheading the technological evolution of next-generation batteries. As the global transition to electrification accelerates, these foil manufacturers are positioned at the forefront of enabling higher performance, longer lifespan, and safer lithium-ion batteries across mobility, consumer electronics, and grid storage applications.