Copper Powder Market Size was valued at USD 650.8 Billion in 2022. The Copper Powder market industry is projected to grow from USD 678.26 Billion in 2023 to USD 944.07 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.22% during the forecast period (2024 - 2032). Increased demand for powder metallurgy in the automotive industry and the advent of advanced technologies in surface coating technologies are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
The market CAGR for copper powder is driven by pushing toward renewable energy sources. Copper powder is critical in producing photovoltaic cells, wind turbine generators, and energy storage systems. The increasing awareness of climate change, favorable government policies, and declining costs of renewable technologies primarily drive the renewable energy sector's growth. Solar photovoltaic installations have witnessed substantial growth, with solar energy becoming one of the fastest-growing sources of electricity generation. Copper powder is an essential material in manufacturing PV cells, which convert sunlight into electricity. Similarly, wind power installations are expanding rapidly, with copper powder playing a crucial role in producing wind turbine generators, transmission cables, and power grid infrastructure.
Additionally, the rapid expansion of the electric vehicle industry has emerged as a major driver for the copper powder market. Copper powder is extensively used in producing electric motors, batteries, and conductive materials in EVs. With the increasing adoption of EVs ly and the growing emphasis on sustainable transportation, the demand for copper powder is expected to witness significant growth in the coming years. The transition towards electric mobility is fueled by strict government regulations to deduct greenhouse gas emissions and promote cleaner technologies. Copper powder's excellent electrical conductivity, thermal properties, and durability make it a preferred choice in EV applications. Furthermore, the expanding charging infrastructure and falling battery prices are expected to boost the production of EVs, subsequently driving the demand for copper powder.
The electronics and telecommunications sectors have experienced tremendous growth, driven by technological advancements, increasing consumer demand, and the adoption of 5G networks. Copper powder plays a vital role in manufacturing printed circuit boards (PCBs), connectors, and other electronic components due to its high electrical conductivity, corrosion resistance, and thermal management properties. The rise of the Internet of Things and connected devices has further propelled the demand for copper powder. These devices rely on efficient and reliable connectivity, necessitating copper powder in antenna interconnects and electromagnetic shielding. As the electronics and telecommunications industries continue to evolve and innovate, the demand for copper powder is expected to grow, supported by the development of advanced electronic devices and infrastructure.
The increasing demand from the electric vehicle industry, driven by the transition towards sustainable transportation, highlights a major growth driver. Advancements in the electronics and telecommunications sectors, including the rise of IoT and 5G networks, further contribute to the demand for copper powder. The transfer towards renewable energy sources, such as solar and wind power, also presents significant opportunities for the copper powder market. Developing photovoltaic cells, wind turbine generators, and energy storage systems necessitate using copper powder due to its exceptional electrical conductivity and desirable properties. Understanding these trends and their impact on the copper powder market is crucial for industry players and stakeholders to make informed business decisions. As the transition towards sustainable technologies and renewable energy continues, the demand for copper powder is expected to grow, positioning the market for further expansion and innovation and driving the Copper Powder market revenue.
The  Copper Powder market segmentation, based on type, includes <100 mesh, 100-200 mesh, 200-300 mesh, 300-400 mesh, and >400 mesh. The <100 mesh segment dominated the market. This type of copper powder consists of fine particles that easily pass through a sieve with less than 100 openings per inch. It is commonly used in applications that require high surface area and good flow ability. <100 mesh copper powder finds extensive usage in electronic components, conductive inks, and coatings.
The  Copper Powder market segmentation, based on process, includes atomization, electrolysis, hydrometallurgy, and solid-state reduction. The atomization category generated the most income. It involves the mechanical disintegration of molten copper into fine droplets, which rapidly solidify into powder form. Atomized copper powder is known for its spherical particle shape and uniform size distribution. This process enables the production of high-purity copper powder with excellent flow ability and low oxygen content.
Figure 1: Â Copper Powder Market, by Process, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Copper Powder market area will dominate this market due to the well-established industrial sector and a strong presence of key end-user industries such as electronics, automotive, and aerospace. These industries extensively utilize copper powder for various applications, including conductive inks, thermal management systems, and powder metallurgy. The increasing demand for advanced electronic devices and the growing emphasis on energy-efficient technologies drive the demand for copper powder in North America.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Â COPPER POWDER MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Copper Powder market accounts for the second-largest market share due to a robust automotive industry in many countries. Copper powder finds extensive use in automotive applications such as electrical components, engine parts, and brake systems. Further, the German Copper Powder market held the largest market share, and the UK Copper Powder market was the rapid-growing market in the European region.
The Asia-Pacific Copper Powder Market is expected to grow fastest from 2023 to 2032. These countries have a large population base, rapid urbanization, and ongoing industrialization, driving the demand for various end-user industries. China, in particular, is a major producer and consumer of copper powder, owing to its thriving electronics and automotive sectors. The rising disposable income and changing regional consumer preferences further contribute to market growth. Moreover, China’s Copper Powder market held the largest market share, and the Indian Copper Powder market was the rapid-growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development to expand their product lines, which will help the Copper Powder market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Copper Powder industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the  Copper Powder industry to benefit clients and increase the market sector. In recent years, the Copper Powder industry has offered some of the most significant advantages to medicine. Major players in the Copper Powder market, including 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), and others, are attempting to increase market demand by investing in research and development operations.
Sumitomo Metal Industries, Ltd., founded in 1897 and located in Osaka, Japan, is a steel manufacturing company. Its products include aircraft propellers, wireless sensor networks, heat exchangers, jet engine coolers, foundries, and many more. In November 2022, Sumitomo Metal Mining Co., Ltd. expanded the orebody to increase ore reserves at a deeper level of the Hishikari Mine. The lower orebody is now being mined after additional preparations for mining activities were finished, including constructing new watering facilities that pump hot spring water from the mine and decrease the water level.
Sociedad QuĂmica y Minera de Chile, founded in 1968, and located in Santiago, Chile, is a Chilean chemical company that supplies iodine, plant nutrients, and industrial chemicals. Its products include iodine, industrial chemicals, potassium, lithium, and specialty plant nutrition. It is the world's largest lithium producer. In September 2022, The Sociedad Nacional de Minera, the Chilean mining industry association, presented the FY2022 National Mining Society Award to the Quebrada Blanca Phase 2 project, jointly developed by Teck Resources Limited.
Jan 2022: Infinite Flex, a materials firm based in Neu-Isenburg, Germany, and Taicang, China, has launched Infinite Powder Cu 01. It is a pure copper powder used in Laser Beam Powder Bed Fusion machines. It has been effectively tested on the Canon EOS M290 and the Trumpf TruPrint 1000. Pure copper is used in 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.
| Report Attribute/Metric | Details |
| Market Size 2022 | USD 650.8 Billion |
| Market Size 2023 | USD 678.26 Billion |
| Market Size 2032 | USD 944.07 Billion |
| Compound Annual Growth Rate (CAGR) | 4.22% (2024-2032) |
| Base Year | 2022 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Process, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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). |
| Key Market Opportunities | Obesity in children, healthier and more balanced diets |
| Key Market Dynamics | Increase in health difficulties and worries, leading to costly operations |
Frequently Asked Questions (FAQ) :
The Copper Powder market size was valued at USD 650.8 Billion in 2022.
The Copper Powder market is projected to grow at a CAGR of 4.22% during the forecast period, 2024-2032.
North America had the largest share of the Copper Powder market.
The key players in the Copper Powder market are 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).
The <100 mesh category dominated the Copper Powder market in 2022.
Atomization had the largest share of the Copper Powder market.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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