The global copper powder market size was valued at USD 1,000 million in 2021 and is poised to grow at a significant CAGR of 3.5% during the forecast period 2022-28. The copper powder has many applications in the metallurgy, electrical, coating, and mechanical industries. In addition, it is expected to be used in products such as detectors, displays, and touch screens, among other things, which is fueling the market's growth. Copper powder metallurgy parts have significant advantages in fabricating electronic and electrical components where electrical or thermal conductivity is critical.
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Ultrafine Copper Powder Segment is to Dominate the Copper Powder Market
The ultrafine copper powder segment is expected to account for a larger revenue share in the global copper powder market with a value share in global demand. It is projected to grow at a 3.2% CAGR between 2022 and 2028. The ultrafine copper powder can be found in various industries, including lubricating lubricants and conductive coatings. Ultrafine copper powder spherical 1250 mesh has uses in the aerospace and medical industries due to its high-efficiency chemical and physical qualities. And there's a growing need for it. This ultrafine copper powder is employed as a conductive material in aircraft applications.
The global copper powder market segmentation:
- By Product: Electrolytic Copper Powder, Water Mist of Copper Powder, Ultra-Fine Copper Powder, Copper Alloy Powder, Others
- By End-User: Electronic Industry, Chemical Industry, Mechanical Industry, Coating Industry, Others
Asia Pacific Copper Powder Market
The Asia Pacific is expected to hold a significant market share in the global copper powder market over the forecast period. It is projected to grow at a CAGR of 4.0% in the coming years. The Asia Pacific region is expected to have the most significant consumption of copper powder, resulting in the highest share over the forecast period. The increase is attributable to growing product uptake in the lubricant additives and chemicals industries. The demand for copper & copper alloy powder in numerous sectors such as automotive, machinery production, and electrical & electronics is a key factor driving demand in the Asia Pacific market. Proximity to raw materials, dynamic economies, and developing industrial countries are the few factors driving the copper powder market.
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Key player’s profiles in the copper powder market report are Kymera International, Pometon, Fukuda Metal Foil & Powder, Gripm Advanced Materials, Chemet, Pound Met, GGP Metal Powder, SCHLENK, Shanghai CNPC Enterprise, Changsung Corporation, Tongling Guochuan Electronic Material, and Anhui Xujing Powder New material.
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