Europe Copper Powder Market

Europe Copper Powder Market Size (2023-2028)

Europe Copper Powder Market was valued at USD 346.69 billion in 2022 and is expected to reach USD 442.95 billion in 2028 growing at a CAGR of 4.24%.

The production of copper powder is primarily used in powder metallurgy for cold casting processes and for modifying industrial equipment. In addition, molding processes were used to create the necessary shapes and sizes and demonstrate the desired attributes. Opportunities for the overall expansion of the copper powder sector are presented by the rising 3D printing demand in developed nations, rising investments in the automotive industries, and increasing demand for electrical and electronic components. In addition, some of the top industry participants heavily utilize copper powders in the energy generation industries, particularly in producing wind turbines, wires, and cables. With the growing population, the need for energy increases, dramatically raising the demand for energy production and the market for copper powder.

Europe Copper Powder Market-Drivers:

The potential mechanical properties of copper are driving the overall growth of the copper powder sector. Copper powders, for example, can attain improved thermal conductivity, which aids in creating electronic and electrical components across Europe. Furthermore, the introduction of advanced surface coating technologies, particularly in the automotive industries, and their extensive use in the power-generating sectors are the key reasons driving the overall expansion of the copper powder industry. Furthermore, the versatility and increasing demand for end-user industries are influencing the growth of the copper powder market.

Europe Copper Powder Market-Restraints:

The decreasing demand for electrical and electronic components and the decline in electrical component output have hampered the expansion of the copper powder sector. As a result, copper powder was most commonly employed in powder metallurgy. However, the common disadvantages of powder metallurgy, including changes in mechanical characteristics and differences in final product densities, limit copper powders' use. In addition, changes in copper ore prices and challenging techniques for acquiring copper ores are determining the overall growth of the copper powder sector.

Europe Copper Powder Market-Opportunities:

Surface treatments in the automotive sector make extensive use of copper powders and are regarded as critical treatments for extending the life of automotive components. During the forecast period, the copper powder market value is predicted to rise due to increased investment in the automotive industry and the need for advanced automotive systems. In addition, the growing expansion and investment in aircraft, marine, and electrical component production are creating a suitable environment for the Copper Powder business to thrive. Furthermore, during the projection period, the growing consumer base for electrical and electronic components presents the profit potential for the overall expansion of the copper powder business.

Europe Copper Powder Market-Challenges:

The time-consuming process of making copper powders, such as atomization, electrolysis, metallurgy, and hydrometallurgy, as well as establishing a suitable environment for production, is regarded as the key hurdle for the overall expansion of the Copper Powder sector. In addition, the storage and shipment of copper powder to end-user industries without oxidation is seen as a critical problem in the overall growth of the copper powder sector.

Market Segmentation:

Europe Copper Powder Market-By type:

• <100 Mesh

• 100-200 Mesh

• 200-300 mesh

• 300-400 mesh

• 400 mesh

The European copper powder market has been classified as 100 Mesh, 100 - 200 Mesh, 200 - 300 Mesh, 300 - 400 Mesh, and > 400 Mesh. In 2021, the 100 Mesh sector have a major market share in Europe. Due to its widespread availability and low cost, the segment is predicted to increase at a healthy rate during the projection period.

Europe Copper Powder Market- By Process:

• Atomization

• Electrolysis

• Hydrometallurgy

• Solid-state reduction

The European copper Powder Market is divided into different segments: atomization, electrolysis, hydrometallurgy, and solid-state reduction. Atomization segments have the highest market share in Europe. The various physical features, such as variable particle sizes and shapes, account for the considerable market share. Furthermore, the electrolysis sector accounted for the second-largest market share and is predicted to expand by around xx% between 2022 and 2027, reaching over USD xx million by 2027.

Europe Copper Powder Market-By End-Use:

• Metallurgy
• Chemical
• Electronics
• Additive manufacturing
• Others

The European copper Powder Market has been divided into end-use segments such as metallurgy, chemical, electronics, additive manufacturing, and others. Metallurgy, among other end-uses, accounted for the most significant market share. The increased need for powder metallurgy in various end-use industries and the wide range of qualities supplied by copper powder are likely to drive growth in this segment over the forecast period.

Europe Copper Powder Market-By Country:

• UK
• France
• Spain
• Germany
• Italy
• Russia
• Sweden
• Denmark
• Switzerland
• Netherlands
• Turkey
• Czech Republic
• Rest of Europe

Since 2021, Europe has been considered one of the largest market shareholders in the copper powder business, with over xx% of the market share. The country is experiencing robust expansion in the automotive, real estate, automobile, aviation, and other major end-user industries of Copper Powder. Furthermore, European countries emphasize energy generation from renewable sources such as windmills and wind turbines. Such infrastructure is constantly being built and renovated. The growing use of copper powder in such applications affects the overall expansion of the copper powder sector in European countries. As a result, growth forecasts for the copper powder industry in European nations are predicted to exceed the market value of USD 442.95 million by 2027.

Europe Copper Powder Market- By Key Players:

• GGP Metalpowder AG
• Pompton S.p.A.
• Carl Schlenk AG
• Changsung Corporation
• Anhui Xu Jing Powder Materials Co.
• SAFINA Materials
• American Chemet Corporation
• Mitsui Mining & Smelting Co.
• Sumitomo Metal Mining Co. Ltd
• Shanghai CNPC Powder Material Co.
• Kymera International
• Fukuda Metal Foil & Powder Co.
• Grip Advanced Materials