Copper Powder Market Research Report - Forecast till 2030

Copper Powder Market: Information by Type (< 100 Mesh, 100 - 200 Mesh, 200 - 300 Mesh, 300 - 400 Mesh, and > 400 Mesh), Process (Atomization, Electrolysis, Hydrometallurgy, and Solid-State Reduction), End-use (Metallurgy, Chemical, Electronics, Additive Manufacturing, and Others) and Region - Forecast till 2030

ID: MRFR/CnM/9049-CR | April 2021 | Region: Global | 449 pages

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Copper Powder Market Overview:


The copper powder is manufactured primarily for the powder metallurgy for the cold casting procedures and in altering the industrial machinery. The molding procedures were carried to achieve the desired shapes and sizes while exhibiting the desired properties. The increasing demand for 3D printing in developed countries, increasing investments in the automotive industries, and increasing demand for electrical and electronic components are presenting opportunities for the overall growth of the copper powder industry.


 


Some of the leading market players are intensively utilizing copper powders in the energy generation industries, especially in wind turbines, wires, and cable manufacturing. The demand for energy with the growing population has increased the demand for energy generation and thereby increased the copper powder market demand significantly.


 


COVID 19 Analysis:


 


Asia-pacific is considered as the major market holder concerning the copper powder industry owing to the presence of established manufacturing hubs across China and Japan. However, these manufacturing hubs were severely affected by COVID 19 in recent years. Such factors have significantly affected the overall growth of the copper powder industry. Moreover, the declining demand in the major end-user industry across the globe has also negatively affected the copper powder market growth thorough out the pandemic. 


 


Therefore the copper powder market value has reduced to a CAGR of 4% in recent years owing to the restriction imposed by the government. Moreover, the shipment of the copper powders to the end-user industries requires additional procedures to prevent oxidation. Such factors have presented challenges in the copper powder market growth.


 


Market dynamics:


 


Market drivers:


 


The potential mechanical characteristics of copper are driving the overall growth of the copper powder industry. For instance, higher thermal conductivity can be achieved with copper powders and helps in the production of electronic and electrical components across the globe. 


 


The advent of advanced technologies in surface coating technologies, especially in the automotive industries, and the intensive usage in the power generation sectors are considered as the primary factors that stimulate the overall growth of the copper powder industry. Moreover, the versatility and the increasing demand for the end-user industries are also impacting the copper powder market growth.


 


Market opportunities:


 


The surface treatments utilize the copper powders intensively in the automotive industry and are considered as the crucial treatment to protect the life of the automotive components. The increasing investment in the automotive industry and the demand for modern automotive systems are expected to increase the copper powder market value during the forecast period. 


 


The increasing growth and investment in aerospace, marine, and electrical component manufacturing are creating a favorable environment for the growth of the Copper Powder industry. Moreover, the increasing consumer base for electrical and electronic components is also presenting lucrative opportunities for the overall growth of the copper powder industry during the forecast period.


 


Market restraints:


 


The declining demand for electrical and electronic components and the decline in the production of electrical components have affected the growth of the copper powder industry. The copper powder was primarily used in powder metallurgy. The common disadvantages of the powder metallurgy such as a change in the mechanical properties, difference in the densities of the final product are restraining the utilization of the copper powders.


 


The changes in the prices of copper ore and difficult procedures in obtaining copper ores are restraining the overall growth of the copper powder industry.


 


Market challenges:


 


The tedious process involved in the manufacturing of the copper powders such as atomization, electrolysis, metallurgy, hydrometallurgy is arranging the suitable environment for the production are considered as the major challenge for the overall growth of the Copper Powder industry.


 


The storage and shipping of the copper powder to the end-user industries, without them getting oxidized are considered as the major challenge in the overall growth of the copper powder industry.


 


Cumulative growth analysis:


 


The Copper powder market growth is highly influenced by the increasing production of electrical equipment in the developed regions. Moreover, the intensive utilization of the atomized copper powder in the automotive industries and the metallurgy processes done across the globe are considered to be the major market driver for the copper powder industry. Additionally, the copper powder is utilized in the marine paints as they are used as biocide as the hulls are more prone to grow the friction causing marine organisms on them. The growth of the marine organisms in the parts exposed to the underwater continuously significantly affects the operation of the ships in terms of speed and fuel consumption. Therefore the utilization of copper powders in marine paints is stimulating the overall growth of the Copper Powder industry. The market value of the copper powder industry was at USD 1032.7 million in the year 2019 and it is expected to surpass the market value of USD 1135.2 million by the year 2025 while registering a CAGR of 5.17% during the forecast period. The demand for electrical and electronic manufacturers and the production of industrial machinery are continuously stimulating the growth of the Copper powder industry in recent years.


 


Value chain analysis:


 


Automotive industries are considered as the predominant end-user industry of the copper powder industry as they utilize copper powder for varied applications. The atomized copper powders are utilized for the surface coating processes in the automotive industry. The emerging modern automotive systems are demanding the features such as reduced weight and friction on the substrates, longer life for the components, higher corrosion resistance. Such factors have led to advanced surface treatments and enhanced surface solutions combined with economically friendly solutions. Such factors are presenting lucrative opportunities for the overall growth of the Copper powder industry during the forecast period. Moreover, the increasing demand in the end-user industries such as aerospace, oil and gas, steel manufacturers, and power generation facilities across the globe are driving the Copper powder market growth in recent years.


 


The increasing trend of 3D printing is facilitating the copper powder market trend in the developed regions such as the US, Japan, and Europe. The beneficiary characteristics of the copper are considered to be more suitable to apply in varied production facilities. Some of the applications include heat exchangers, rocket engines, electronic equipment, and induction coils, and so on. Therefore, with the varied applications and increasing demand in the major end-user industries, the copper powder market is expected to witness healthy growth during the forecast period.





Global
Copper Powder Market, by Type, 2019 (USD Million)
Copper Powder Market


Sources: MRFR Analysis


Segment overview:


 


Based on type:


 



  • <100 Mesh

  • 100-200 Mesh

  • 200-300 mesh

  • 300-400 mesh

  • > 400 mesh


 


Based on Process:


 



  • Atomization

  • Electrolysis

  • Hydrometallurgy

  • Solid-state reduction


 


Based on End-User application:


 



  • Metallurgy

  • Chemical

  • Electronics

  • Additive manufacturing

  • Others.


Global Copper Powder Market Share, by Region, 2019 (%)
Copper Powder Market
Sources: MRFR Analysis


Regional analysis:


 


Currently, Asia-pacific is holding the largest market share concerning the Copper powder industry which was accounting for over 40% in the year 2019 and is expected to witness healthy growth with a CAGR of 4% during the forecast period. The emerging manufacturing hubs in the countries such as China and Japan are considered as the primary driving factors of Copper powder market growth. The increasing demand for copper alloy and copper powder in the major end-user industries such as automotive, equipment manufacturers, electrical, and electronics are propelling the overall growth in the copper powder industry.


 


On the other hand, Europe is considered the second leading market shareholder with over 30% of the market share since 2019 in the copper powder industry. The country is having a healthy growth in the automotive, real estate, automotive, aviation, and other significant end-user industries of the Copper Powder industry. Moreover, European countries are focusing on generating energy from renewable sources such as windmills and wind turbines. They are constantly building and renovating such infrastructure. The increasing utilization of copper powder in such applications is impacting the overall growth of the Copper powder industry in European countries. The growth estimates concerning the copper powder industry are expected to surpass the market value of USD 250 million by the year 2030 across European countries. 


 


Competitive landscape:


 



  • Kymera International (US),

  • Gripm Advanced Materials (China),

  • GGP Metalpowder AG (Germany),

  • Pometon S.p.A. (Italy),

  • Carl Schlenk AG (Germany),

  • Changsung Corporation (Korea) 

  • SAFINA Materials (Romania)



  • American Chemet Corporation (US)


Recent Development

Jan 2022 - Infinite Flex, a smart materials firm based in Neu-Isenburg, Germany, and Taicang, China, has released Infinite Powder Cu 01, a pure copper powder used in Laser Beam Powder Bed Fusion (PBF-LB) machines. The powder has been effectively tested on the Canon EOS M290 and the Trumpf TruPrint 1000. Pure copper is used in practically every industry because of its excellent electrical and thermal conductivity. Due to its refractory properties, laser-based Additive Manufacturing has typically struggled to utilize the element.

Mar 2021 - The Swedish researchers have demonstrated that it is possible to increase the processability of copper powders while simultaneously improving the qualities of the final printed parts in partnership with graphene materials company Graphmatech. Copper powder's reflectivity has been reduced, and its printability for laser additive manufacturing has been enhanced, resulting in more densely produced objects. The researchers employed Aros Graphene from Graphmatech, a novel hybrid material that maintains graphene flakes apart. At the same time, they are spread into other materials, allowing them to preserve many of graphene's valuable features.

Report overview:


 


This report has covered:



  • Market overview

  • COVID 19 Analysis

  • Market dynamics

  • Cumulative growth analysis

  • Value chain analysis

  • Segment overview

  • Regional analysis

  • Competitive landscape

  • Recent developments


 


Segmentation Table:


 


Based on type:


 



  • <100 Mesh

  • 100-200 Mesh

  • 200-300 mesh

  • 300-400 mesh

  • > 400 mesh


 


Based on Process:


 



  • Atomization

  • Electrolysis

  • Hydrometallurgy

  • Solid-state reduction


 


Based on End-User application:


 



  • Metallurgy

  • Chemical

  • Electronics

  • Additive manufacturing

  • Others. 



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: USD 941.52 Million
  CAGR   4.22% (2020 - 2030)
  Base Year   2021
  Forecast Period   2020-2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Process, End-Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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 & Powder 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)
  Key Market Opportunities   The demand for market has been on a continuous rise in the major end-use industries such as aerospace, steel, oil & gas, and power generation
  Key Market Drivers   The prominent factors driving the growth of the market is the increasing demand for powder metallurgy in the automotive industry


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Frequently Asked Questions (FAQ) :

• Kymera International (US), • Fukuda Metal Foil • Powder Co., Ltd (Japan), • Gripm Advanced Materials (China), • GGP Metalpowder AG (Germany), • Pometon S.p.A. (Italy), • Carl Schlenk AG (Germany).

• Atomization • Electrolysis • Hydrometallurgy • Solid-state reduction

Global Copper Powder Market is dominated by APAC region.

The market value of the copper powder industry was at USD 1032.7 million in the year 2019 and it is expected to surpass the market value of USD 1135.2 million by the year 2025 while registering a CAGR of 5.17% during the forecast period.

• Chemical • Electronics • Additive manufacturing • Others.

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 & Powder 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).