REPORT HIGHLIGHT
Copper Paste Market size was valued at USD 177.9 Million in 2022, expanding at a CAGR of 11.4% from 2023 to 2030.
Copper Paste is a high-quality assembly paste based on copper particles that are used to lubricate components that are subjected to high temperatures and corrosive environments, such as threaded connections, rolling and plain bearings, brake parts, and compressed air tools. Copper paste decreases friction between moving parts and protects against corrosion.
Copper Paste Market - Market Dynamics:
- The increasing automotive sector drives the market expansion
- The increasing automotive sector is expected to dominate the market during the forecast period. The copper paste is used in various applications of the automotive sector which includes exhaust assembly, brake parts, screwed connection, thread of spark plugs, battery poles and others. Thus, the growing production of automobiles is anticipated to drive the demand for copper paste. For instance, according to the International Organization of Motor Vehicle Manufacturers, In December 2022, China's Motor Vehicle Production was reported to be 27,020,615.000 units. This is an increase over the prior figure of 26,121,712.000 units for December 2021.
Copper Paste Market - Key Insights:
- As per the analysis shared by our research analyst, the global Copper Paste market is estimated to grow annually at a CAGR of around 11.4% over the forecast period (2023-2030).
- The Copper Paste industry is projected to grow at a significant rate due to the growing demand for copper paste from various industries including automotive, solar and others.
- Based on the type, the low-temperature sintered segment is expected to hold the largest revenue share during the forecast period.
- Based on the application, the printed electronics segment is expected to capture the largest revenue share over the forecast period.
- Based on region, the Asia Pacific is expected to hold the largest market share during the forecast period.
Copper Paste Market- Segmentation Analysis:
- The Global Copper Paste Market is segmented based on type, application, and Region.
- Based on the type, the global Copper Paste market is segmented into low-temperature sintered, medium-temperature sintered, and high-temperature sintered. The low-temperature sintered segment is expected to hold the largest revenue share during the forecast period. Low-temperature sintering is accomplished by using specific copper particles and additives that aid in the sintering process at lower temperatures. The sintering process causes the particles to fuse to produce a conductive copper structure, which can give a high electrical performance while reducing heat damage to the substrate. Thereby, driving the segment growth.
- Based on the application, the global market is segmented into printed electronics, PV industry, and industrial protection. The printed electronics segment is expected to capture the largest revenue share over the forecast period. The copper paste is used extensively in the field of printed electronics to generate conductive traces and patterns on various surfaces utilizing printing processes. Printed electronics is a new technology that allows for the production of electronic components and devices using additive techniques, with benefits such as cost-effectiveness, flexibility, and the ability to incorporate electronics into unusual forms and surfaces. Because of its conductivity and printability, copper paste is an important material in this technique. Thus, this is expected to drive market growth over the forecast period.
Copper Paste Market - Geographical Insights
Geographically, this market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business. The Asia Pacific is expected to hold the largest market share over the forecast period. The market growth in the region is ascribed to the growing investment in the solar industry. For instance, according to secondary analysis, with a cumulative annual growth rate (CAGR) of 41.39%, India's solar energy capacity has increased from 6.76 GW in 2016 to an astonishing 54 GW in 2022. This rapid expansion highlights India's dedication to sustainable energy and its potential as a worldwide leader in the battle against climate change. Thus, the aforementioned facts drive the market growth in the region.
Copper Paste Market- Competitive Landscape:
To remain competitive in the market the key players adopted various strategies including product launches, acquisitions, partnerships, agreements and others. The key players are Tatsuta, Asahi Chemical, Sinocera, Heraeus, TDK Electronics (EPCOS), Chang Sung Corporation, Fenghua Advanced Technology, Ampletec, NAMICS, Mitsuboshi Belting, Kyoto Elex, Sumitomo Metal Mining and Shoei Chemical.
Recent Developments:
In June 2023, Osisko Gold Royalties Ltd is thrilled to report that Metals Acquisition Limited ("MAC") (MTAL: NYSE) and the Corporation's wholly-owned subsidiary, Osisko Bermuda Limited ("OBL"), have closed the previously announced silver purchase agreement (the "Silver Stream") and copper purchase agreement (the "Copper Stream," and together with the Silver Stream, the "Metals Streams"), concurrently with MAC's acquisition of the operating CSA mine in New South Wales.
Key features of the study:
- This proposed research study on Copper Paste market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
- The report provides the client the latest up-to-date and trending insights about the Copper Paste market.
- The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Copper Paste market
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Copper Paste market
- Impact of COVID-19 on Copper Paste market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Copper Paste market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view on the Copper Paste market, we have also included competitive landscape and key innovator analysis for the Copper Paste market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Copper Paste market.
- In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
- The global Copper Paste market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL COPPER PASTE MARKET KEY PLAYERS
- Tatsuta
- Asahi Chemical
- Sinocera
- Heraeus
- TDK Electronics (EPCOS)
- Chang Sung Corporation
- Fenghua Advanced Technology
- Ampletec
- NAMICS
- Mitsuboshi Belting
- Kyoto Elex
- Sumitomo Metal Mining
- Shoei Chemical
GLOBAL COPPER PASTE MARKET, BY TYPE
- Low Temperature Sintered
- Medium Temperature Sintered
- High Temperature Sintered
GLOBAL COPPER PASTE MARKET, BY APPLICATION
- Printed Electronics
- PV Industry
- Industrial Protection
GLOBAL COPPER PASTE MARKET, BY REGION
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA