Copper Powder Market Size was valued at USD 762.12 million in 2023. The Copper Powder industry is projected to grow from USD 794.89 million in 2024 to USD 1113.22 million by 2032, exhibiting a compound annual growth rate (CAGR) of 4.30% during the forecast period (2024 - 2032)
Copper powder market is a widely used material that finds its application in various industries due to its unique properties such as high electrical conductivity, thermal conductivity, and excellent corrosion resistance. It is an essential component in the manufacturing of electronic devices, metal coatings, and various other industrial products. The global copper powder market is expected to witness significant growth in the coming years, driven by the increasing demand from various end-use industries.
One of the major drivers of the copper powder market is the growing demand for electronic devices. Copper powder is a crucial component in the manufacturing of electronic devices such as smartphones, tablets, and laptops. The increasing use of these devices, especially in developing countries, is expected to boost the demand for copper powder. Additionally, the growing popularity of electric vehicles is also expected to drive the demand for copper powder as it is used in the manufacturing of batteries and electrical components.
Another significant driver of the copper powder market is the increasing use of copper powder in metal coatings. Copper powder is used in the manufacturing of metal coatings that are used in various industrial applications, including aerospace, automotive, and construction industries. These metal coatings offer excellent corrosion resistance, durability, and are cost-effective, making them a popular choice in many industries. The increasing demand for metal coatings in various industries is expected to boost the demand for copper powder.
The copper powder market is also driven by the increasing demand for powder metallurgy products. Powder metallurgy is a manufacturing process that involves the production of metal parts from metal powders. Copper powder is an essential material used in powder metallurgy, and the growing demand for powder metallurgy products is expected to boost the demand for copper powder. The use of powder metallurgy products is increasing in various industries such as automotive, aerospace, and medical, which is expected to drive the growth of the copper powder market.
Copper Powder Market Segmentation
Copper Powder Type Outlook
<100 Mesh
100-200 Mesh
200-300 Mesh
300-400 Mesh
>400 Mesh
Copper Powder Process Outlook
Atomization
Electrolysis
Hydrometallurgy
Solid-State Reduction
Geographically, Asia Pacific is expected to dominate the copper powder market owing to the growing demand for electronic devices and the increasing use of copper powder in various industries in the region. China and India are expected to be the major contributors to the growth of the copper powder market in Asia Pacific. The North American and European markets are also expected to witness significant growth owing to the increasing use of copper powder in the automotive and aerospace industries.
The copper powder market is highly competitive, with several major players operating in the market. Some of the key players in the market include
Mitsui Mining & Smelting Co.
Sumitomo Metal Mining Co. Ltd (Japan)
Shanghai CNPC Powder Material Co.
Kymera International (US)
Fukuda Metal Foil & Powder Co.
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.
SAFINA Materials (Romania)
American Chemet Corporation (US)
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