Atomizing Copper Powder Market Size, Share, Growth, and Industry Analysis, By Type (Water Atomized Copper Powder, Gas Atomized Copper Powder and Others), By Application (Metallurgy Industry, Chemical Industry, Electronic Materials, Diamond Tools and Others), Regional Insights, and Forecast From 2024 To 2031

Updated On: 15 April 2024

Atomizing Copper Powder Market Report Overview

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The global atomizing copper powder market size was USD 349.9 million in 2022 and is projected to touch USD 528.99 million by 2031, exhibiting a CAGR of 4.7% during the forecast period. 

Atomization is the most often used method for producing metal and pre-alloyed powders such as iron, aluminium, copper, steel, bronze, and tin. High-pressure fluid jets are used to disperse molten metal streams into thin droplets, which eventually solidify into fine particles. Water atomization, gas atomization, centrifugal atomization, and ultrasonic atomization are all examples of atomization procedures. Water and gas atomization are common and commercially used techniques due to their low cost and ease of access.

COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market

The global COVID-19 pandemic has been unprecedented and staggering, with the atomizing copper powder market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The ongoing COVID-19 pandemic has transformed the position of the chemicals and materials sector and has hampered the expansion of the atomizing metal powder market. The execution of steps to control the virus's spread has exacerbated the issue and hampered the expansion of various sectors. Due to decreased market demand, many powder metallurgy parts and powder manufacturers have had to cut back and adapt their operations. The automobile industry's raw material constraint has harmed the powder metallurgy sector's performance and lowered demand for atomizing metal powders.

However, as economies aim to restart their operations, global demand for atomizing metal powder is likely to rise in the coming years. In the medical device sector, additive manufacturing is frequently used. The economic constraints created by the COVID-19 pandemic are increasing the necessity of 3D printing. Powder metallurgy firms are getting back on track as supply problems affecting the car industry are gradually resolved. 

LATEST TRENDS

"The Customization Based on the Copper Properties to Grow Market Potentially"

It is important to note that the atomization process can be customized to the desired properties of the copper powder, such as particle size, shape, and chemical composition. To produce the desired powder qualities, process parameters such as melt temperature, atomization gas or water pressure, and cooling conditions can be modified.

Atomizing Copper Powder Market Segmentation

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• By Type

Based on type the atomizing copper powder market is classified as water atomized copper powder, gas atomized copper powder and others.

The part water atomized copper powder is the leading of all other types.

• By Application

Based on application the atomizing copper powder market is classified as metallurgy industry, chemical industry, electronic materials, diamond tools and others.

The part metallurgy industry is the leading type of the application segment.

DRIVING FACTORS

"The Additive Manufacturing and 3D Printing is Viable to Boost the Market Growth"

The growing use of additive manufacturing is propelling the atomizing metal powder industry forward. Metallurgy, coating and decoration, electronic materials, sintered components, diamond cutting tools, additive manufacturing, and others are the segments of the worldwide atomizing metal powder market. The additive manufacturing segment had the biggest market share in 2020. The method of making a three-dimensional physical object from a digital file is known as 3D printing, often known as additive manufacturing (AM). In additive manufacturing, powders like as aluminium, copper, and titanium are employed. The growing use of additive manufacturing is propelling the atomizing metal powder industry forward.

"Extended Applications in the Industrial Sectors and Manufacturing to Multiply the Production and Market Growth"

Atomizing copper powder has numerous uses in metallurgy, coating and decorating, additive manufacturing, and sintered parts. Metal powders of various types are employed as bonding agents in the manufacture of diamond cutting and grinding tools. Atomizing copper powder is used in industries such as metallurgy, electronics, 3D printing, chemical catalysts, friction materials, conductive inks, and more, where its consistent particle size and shape contribute to increased performance and uniformity in many manufacturing processes.

RESTRAINING FACTORS

"Several Challenges Associated with the Demand and Production to Restrain the Market Growth"

Atomizing Copper Powder Market Regional Insights

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"Asia Pacific Region to Dominate the Market with Developing Automobile Industry"

Because of the continuously developing automobile industry, Asia Pacific has a promising atomizing copper powder market share. Various industries, such as electronic, electrical, and automotive, are important development drivers in the region's market. Through research and development, technical innovation, and other methods, Asia Pacific's leading manufacturers are strongly focused on generating high-quality and innovative products to fulfil the needs of end consumers. The rising use of atomizing copper powders in a variety of applications is likely to drive atomizing copper powder demand over the forecast period.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

The market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is an extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.

List of Market Players Profiled

• Kymera International (U.S.A)
• Pometon (Italy)
• Fukuda Metal Foil & Powder (Japan)
• Gripm Advanced Materials (China)
• Chemet (Poland)
• Pound Met (U.K)
• GGP Metal Powder (Germany)
• Shanghai CNPC Enterprise (China)
• Changsung Corporation (China)
• Tongling Guochuan Electronic Material (China)
• Anhui Xujing Powder New-material (China)
• Mitsui Kinzoku (China)
• SMM Group (India)
• SAFINA Materials (Czech Republic).

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of a number of factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.