Market Overview
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.
The Copper Powder Market Size is expected to grow at a CAGR of 4.22% and reach over USD 941.52 Million by the end of the forecast period. Copper powder is a gleaming orange-red metallic powder that is commonly used in cold casting. Copper powder is commercially available in a wide range of particle forms and sizes. Electrolytic and chemical powders display poor packing and poor rheology in molding. Copper powder is typically provided with desiccant in industrial settings, and careful powder storage is required to avoid oxidation between purchase and use.
Industry News
The major key players in the market are Mitsui Mining Smelting Co. Ltd., Sumitomo Metal Mining Co. Ltd., Shanghai CNPC Powder Material Co. Ltd., Kymera International, Fukuda Metal Foil Powder Co. Ltd., Gripm Advanced Materials, GGP Metalpowder AG, Pometon S.p.A., Carl Schlenk AG, Changsung Corporation, Anhui Xu Jing Powder Materials Co., Ltd., SAFINA Materials, and American Chemet Corporation.
The tremendous rise in the importance of powder metallurgy has boosted copper powder sales all around the world. It is mostly made by atomization of gas and water, electrolysis, hydrometallurgy, and solid-state reduction. The copper metal is melted during the atomization process.
A high-velocity stream of gas or liquid, usually water, strikes the liquid metal, shattering it into particles that solidify quickly. Suitable copper conditions, such as electrolyte composition and concentration, temperature, and current density, are deposited in a spongy or powdery state during the electrolysis process. Washing, drying, reducing, annealing, and crushing are all steps in the electrolysis process, which results in a high-purity and high-density copper powder. In the hydrometallurgy process, copper is recovered from cement copper, concentrates, or scrap copper with the use of sulfuric acid or ammoniacal solution.
Market Segmentation
Based on the type, the Global Copper Powder Market is segmented into 100 Mesh, 100 - 200 Mesh, 200 - 300 Mesh, 300 - 400 Mesh, and 400 Mesh.
Based on the process, the Global Copper Powder Market is segmented into Atomization, Electrolysis, Hydrometallurgy, and Solid-state reduction.
Based on the end-use, the Global Copper Powder Market is segmented into Metallurgy, Chemical, Electronics, Additive manufacturing, and Others.
Based on the region, the Global Copper Powder Market is segmented into North America (US, Canada), Europe (Germany, UK, France, Russia, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia New Zealand, and Rest of Asia-Pacific), Latin America (Mexico, Brazil, Argentina, Rest of Latin America), Middle East Africa (GCC Countries, South Africa, Rest of the Middle East Africa).
Regional Classification
Due to the presence of large-scale industrial hubs, particularly in China and Japan, the Asia-Pacific market accounts for the highest share of the Copper Powder Market. Furthermore, the Copper Powder market in the region is expected to grow due to its accessibility to raw materials, dynamic economy, and developing industrial countries. Due to the rise of manufacturing businesses in numerous industries such as real estate, aviation, automotive, and others, Europe was the second-largest market in the Copper Powder Market. Increased use of copper powder in energy applications such as wind turbines, wires and cables, electrical motors, and HVAC, as well as promising growth in key economies such as Germany, France, and the United Kingdom, are expected to drive the market in the area over the forecast period.
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