Copper Powder Market Size, Share, Growth and Industry Analysis by Type (Ultra-Fine Copper Powder, Water Mist of Copper Powder, And, Electrolytic Copper Powder) By Application (Mechanical Industry, Chemical Industry, And, Electronic Industry) Regional Forecast From 2023 To 2030

Updated On: 13 November 2023

COPPER POWDER MARKET REPORT OVERVIEW

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The global copper powder market size is anticipated to be worth USD 1.21696 billion in 2022 and the market is projected to touch USD 1.70276 billion by 2028 with a CAGR of 5.76 % during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

Copper powder is a chemical substance which is shiny orange-red in color. It is a metallic powder which is employed primarily for cold casting techniques. Copper is a very soft, malleable metal.  It is used for several applications and has demand globally.

Copper is used for making electrical wires, and wirings in motors as it has high thermal and electric conductivity. This is considered as the latest trend in the market.

New techniques of surface coating have been introduced in the market. this product is also used in aerospace, and marine sectors. All of these factors have become the primary drivers of the market growth.

COVID-19 impact:  Strict Rules and Regulations Regarding Temporary Halt in Operation of Plants Decreased Market Growth

The pandemic of COVID-19 was the reason for a financial crisis worldwide.  Due to the outbreak of this pandemic most of the sectors were negatively affected. Labor intensive industries suffered even more, as strict rules were imposed by the government to maintain social distancing and avoid any kind of contact.

Asia Pacific was the major hub for several powdered copper manufacturing plants and industries. As the pandemic of COVID-19, spread in this region the functioning of these plants was severely affected. Unavailability of raw materials, machineries, skilled workers and disruption in the supply of logistics were some of the major reasons that led to the downfall of the copper powder market during pandemic.

LATEST TRENDS

"Superior Mechanical Characteristics of Copper to Increase Market Growth"

Copper is a very easily available metal and has certain features that make it very suitable for mechanical purposes. One of the most important qualities that both copper and its powder have is the thermal and electrical conductivity. Due to this characteristic of copper metal, it can be used in several industries.

Copper is used for making electrical wires, and wirings in motors. It is also used for construction in plumbing and roofing. In a similar manner it is also used in the electronic industry as it is derived from copper and has the same properties as copper. These factors can increase he market growth.

COPPER POWDER MARKET SEGMENTATION

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• By Type:

The market can be divided on the basis of type into the following segments.

Ultra-fine copper powder, water mist of copper powder, and, electrolytic copper powder.  Ultra-fine copper powder type is the segment that is expected to lead the market during the forecast period.

• By Sales channel:

Classification based on application is as follows:

Mechanical industry, chemical industry, and, electronic industry. The mechanical industry segment is expected to lead the market during the forecast period.

DRIVING FACTORS

"Introduction of New Technologies in Surface Coating to Increase Market Growth"

Numerous technological advancements have been made in the metal industry with the introduction of superior equipments and machineries. New techniques of surface coating have been introduced in the market. The overall growth and development of the market is powered by the increasing use of copper in automotive industries.

Pure copper powder is used in treating automotive parts. Using this powder will help in increasing the lifespan of several automotive parts. The increasing demand for automotives is fueling the copper powder market growth. 

"Versatility of Copper Powder to Amplify Market Growth"

This chemical substance is highly versatile and can used in various industries. Along with electrical and automotive sectors this product is also used in aerospace, and marine sectors. An important reason for the tremendous growth of the powdered copper industry is the growing consumer base for electrical components and gadgets.

Rising demand for powder metallurgy has also amplified the market share. This powder is one of the best-known materials for self-lubricating bearing. This product can also be used in making alloys which will later be used in structural parts of machines as well as friction materials. This substance is mixed with nickel, tin, and zinc to obtain the above-mentioned alloy. The versatile use of this product in numerous industries is increasing the consumer base as well as demand for it across all sectors.     

RESTRAINING FACTOR

"Constant Fluctuation of Prices in Copper Ore to Decrease Market Growth"

Copper powder is derived from the copper metal. Hene the manufacturing of this product is entirely dependent on the availability of copper metal. Constant fluctuation in the price of copper ore can prove to be a major disadvantage to the market. This can bring down the copper powder market share. 

Powder metallurgy wan extensively used method and this powder was primarily used in the process. However, powder metallurgy is no longer prominently used and it is slowly losing its relevance as it has several disadvantages. Mechanical properties can suddenly under go a drastic change. All of these factors are deteriorating the market growth.  

COPPER POWDER MARKET REGIONAL INSIGHTS

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"Asia Pacific to Dominate Market During Forecast Period"

Asia Pacific is currently occupying the largest position in the market. Several reasons have led to the development of the market in this region. Several manufacturing hubs have been established in this region which are supporting the manufacturing of this product.  

China and Japan are considered as he manufacturing giants of electronic market. Electronic sector uses powdered copper as one of the major raw materials. The tremendous growth and development of aerospace, and, marine, in several countries of Asia Pacific has led to the growth of  the market share in this region.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• GGP Metal powder (Germany)
• Micro Metals (U.S.)
• Gripm Advanced Materials (China)
• Jinchuan Group (China)
• Fukuda Metal Foil & Powder (Japan)
• UMMC (U.S.)
• Umcor (U.S.)
• Zhongke Tongdu (China)
• Eckart (Germany)
• SCM Metal Products (U.S.)
• Hangzhou Jiali Metal (China)
• Tongling Guochuan Electronic Material (China)
• Anhui Xujing Powder New-material (China)

Report Coverage

The report provides an insight into the global industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. FAQs have also been given to outline the report.