Market Overview:
Market Research Future will be publishing a cooked research report on “Global copper powder Market” that contains information from 2018 to 2030. The global copper powder market is expected to register a CAGR of4.22% during the forecast period, 2020–2030.
Market Research Future (MRFR) recognizes the following companies as the key players in the global copper powder market: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).
Market Highlights
Theglobal copper powder marketis estimated to be valued at USD 941 millionby 2030and recorda CAGR of over 4.22%during the forecast period.
The global copper powder market is expected to witness a surging growth in the coming assessment period owing to its widespread usage in diverse end-use industries such as metallurgy, electronics, and manufacturing. Increasing adoption of powder metallurgy in the automotive industry and widespread use of atomized copper powders in surface coating process are the prime factors driving the market growth. Robust demand for copper powders in additive manufacturing (3D printing applications) is expected to create new growth opportunities for players in the global market. However, the volatile price of raw materials is anticipated to hamper the growth of the market in the coming years.
Segmental Analysis
According to MRFR analysis, the global copper powder market has been segmented based on type, process, end-useand region.
Based on type, the global Copper Powder Market has been segmented into 400 Mesh. The
Based on resin, the global market has been segmented into atomization, electrolysis, hydrometallurgy, and solid-state reduction. Among this, atomization segments hold the maximum share of around 70% in the global market. The high market share is mainly due to the versatile physical properties such as different particle sizes and shapes. Further, electrolysis segment accounted for second-largest market share of around 13% and is expected to witness a growth of around 4% during the forecast period 2020–2030 and reach over USD 120 million by 2030.
Based on end-use, the global market has segmented into metallurgy, chemical, electronics, additive manufacturing, and others. The metallurgy segment among other end-use accounted for the largest market share. The increase in demand for powder metallurgy in diverse end-use industries and extensive range of properties offered copper powder is expected to boost the growth of these segment in the forecast period. It is expected to witness a healthy CAGR of around 4?tween 2020-2030.
Regional Analysis
Geographically, the global copper powder market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. As per MRFR analysis, Asia-Pacific dominated the global market, accounting for the largest share of around 40% in 2019 and is expected to registera CAGR over 4% during the forecast period. Asia-Pacificis followed by Europe, which accounted for the second-largest share of the global copper powder market in2019.The European market is expected to exhibit a share of around 30% in 2019. The North America region is expected to witness fastest growth with CAGR 5% over the forecast period. Latin America and Middle East and Africa markets are also likely to witness significant growth with CAGR over 4% during the forecast period, 2020–2030.
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Key Findings of the Study:
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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