Electric Vehicle Demand Fuels Growth in Aluminum Laminated Film Market

Key Takeaways

Key players operating in the aluminum laminated film are Showa Denko K.K., Avocet Steel Strip Ltd., TandT Enertechno Co., Ltd., Daoming Optics and Chemical Co., Ltd., Nanografi Co. Inc., AME Energy Company, Dai Nippon Printing Co., Ltd., Selen Science and Technology Co., Ltd., Targray Technology International, and Gelon LIB Group. Showa Denko K.K. accounts for around 15% of the global market share owing to its wide product portfolio and global market presence.

The Aluminum Laminated Film Market Growth provides various opportunities in lithium-ion battery production driven by electric vehicle sales, increasing usage of aluminum laminated films in flexible printed circuits and flexible solar panels production. The key players are focusing on expanding their production capacities as well as global footprint through strategic acquisitions and collaborations to cater growing demand from emerging markets such as Asia Pacific and Latin America.