Global Copper Powder Market Research Report – Forecast till 2030
The global copper powder market is anticipated to record the approximate value of USD 941.52 million by the end of 2030 to witness a healthy CAGR of 4.22% % during the review period. The copper powder has a wide area of applications used for the electrical and electronics industries because of its superior electrical and thermal conductivities. Additionally, the copper powder exhibits various properties such as ductility and toughness at sub-zero temperatures.
The global copper powder market is anticipated to register significant market growth, during the review period. The global market growth is attributed to the rising demand for powder metallurgy in the automotive industry and different applications served by automized copper powders in the surface coating process. Furthermore, the a growing requirement for advanced surface coating technologies in the major end-use verticals such as aerospace, steel, oil & gas, and power generation. However, the fluctuations in the raw material prices of copper are expected to restrain the global market growth.
The global copper powder market has been classified into type, process, end-use, and region.
In terms of type segment, the global copper powder market has been classified into <100 Mesh, 100-200 Mesh, 200-300 mesh, 300-400 mesh, and > 400 mesh. The process segment divides the global market into atomization, electrolysis, hydrometallurgy, and solid-state reduction. In terms of end-use segment, the global market has been classified into metallurgy, chemical, electronics, additive manufacturing, and others.
Geographically, the global copper powder market has been classified into region into Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.
The Asia-Pacific is likely to register the largest market share owing to the largest market share of around 40% in 2019. The regional market growth is driven by the emerging industrial countries and proximity to raw materials during the review period. Europe is estimated to be the second-largest market of the global copper powder market owing to the 30% in 2019.
The regional market is driven by the expansion of manufacturing companies in several industries such as real estate, aviation, automotive, and others. Additionally, the increasing use of copper powder in energy applications, such as wind turbines, wires and cables, electrical motors, and HVAC, and promising growth of major economies such as Germany, France, and the UK is fuelling the growth of the Copper Powder market in Europe during the forecast period.
North America exhibits approximately 15% of the global market and it is anticipated to exhibit A healthy CAGR of 5% during the study.
The major market players of the global powder market include Mitsui Mining & Smelting Co., Ltd (Japan), Sumitomo Metal Mining Co. Ltd (Japan), Shanghai CNPC Powder Material Co., Ltd (China), Kymera International (US), Fukuda Metal Foil & Power Co., Ltd (Japan), Gripm Advanced Materials (China), GGP Metalpowder AG (Germany), Pometon S.p.A. (Italy), Carl Schlenk AG (Germany), Changsung Corporation (Korea), Anhui Xu Jing Powder Materials Co., Ltd (China), SAFINA Materials (Romania), and American Chemet Corporation (US).
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