The Global Copper Paste Market Had A Value Of USD 312.42 Million In 2023 And Is Projected To Reach USD 832.18 Million By 2032, With An Estimated Compound Annual Growth Rate (CAGR) Of Approximately 11.5% During The Forecast Period From 2023 To 2032.
Copper Paste Market Overview
Copper paste is a high-temperature anti-seize lubricant composed of micronized copper powder and additives suspended in high-quality, stable oil. It serves to prevent oxidation, corrosion, and wear while guarding against metal-to-metal contact, galling, and fretting corrosion. Copper paste’s strong conducting properties and cost-effectiveness make it suitable for applications in the power electronics and solar industries. The increasing demand for copper alloys in various sectors, including automotive, aerospace, wind energy, and electronics, is a primary driver behind the market’s expansion. Furthermore, the growth in construction activities worldwide is contributing to the copper paste market’s expansion.
Market Drivers
Various devices and vehicles contain components exposed to high levels of static and temperature stress, necessitating endurance under intense heat and pressure. Copper paste provides protection against these high-stress conditions, preventing components from seizing, burning, scaling, and rusting. This versatility makes copper paste highly sought after, particularly in the automotive manufacturing sector, driving the market’s growth.
Restraints
Copper paste is not suitable for use on aluminum components due to the galvanic corrosion that occurs when copper and aluminum come into contact. This reaction can significantly affect the integrity of the metals involved. Additionally, copper paste should not be used to lubricate rolling bearings, as it can damage the rolling surfaces, leading to inefficient operation and component breakdown. Cost, availability, and performance are key challenges facing the copper paste market. Cost-effectiveness is a critical factor for widespread adoption, and the paste must withstand harsh environmental conditions, while its performance needs to adhere to various surfaces.
Market Segmentation
The global copper paste market is segmented based on type, application, and region.
- Type:
- Low-Temperature Sintered
- Medium-Temperature Sintered
- High-Temperature Sintered
Among these, the low-temperature sintered category led the market in 2021 and is expected to maintain its dominance throughout the forecast period. Low-temperature sintered copper paste is the most affordable and least durable type, suitable for soldering and plumbing tasks. The medium-temperature sintered category is anticipated to grow significantly as it offers greater durability and is used in construction materials and applications exposed to harsh environments.
- Application:
- PCB (Printed Circuit Board)
- MLCC (Metal-Lead-Copper)
- Others
The MLCC category dominated the market in 2021. Copper paste is used in MLCC applications to prevent corrosion on electrical components and as a heat sink to dissipate generated heat. Different formulations of copper paste, including metal-lead-copper (MLCC), metal-tin-copper (MTCC), and metal-oxide-copper (MOAC), cater to various requirements.
Copper Paste Market Regional Landscape
In 2022, the Asia Pacific region held the largest market share for copper paste. Copper paste finds applications in insulating structures, cables, electrical equipment, and sealing concrete joints and cracks, contributing to its increasing popularity in the region. The region’s expanding end-term production and government initiatives are expected to drive market growth. Additionally, rising orders from global customers have accelerated market expansion.
COVID-19 Impact
The COVID-19 pandemic resulted in the suspension of operations and transactions across various industries, including the copper paste market. Lockdowns and restrictions imposed by different countries disrupted businesses, leading to reduced demand. However, by the end of 2021, production and demand for copper paste began to recover steadily as uncertainties surrounding the virus diminished.
Copper Paste Market: Competitive Landscape
Prominent competitors in the global copper paste market include:
- Shoei Chemical (Japan)
- Tatsuta (Japan)
- Sumitomo Metal Mining (Japan)
- Chang Sung Corporation (Korea)
- Wurth (Germany)
- Heraeus (Germany)
- Liqui Moly (Germany)
- FUCHS Group (Germany)
- Ampletec (Taiwan)
- WEICON (Germany)
- Fenghua Advanced Technology (China)
- MOTOREX (Switzerland)
- NOF America (U.S.)
- Hitachi Chemical (Japan)
- Sinocera (China)
The Global Copper Paste Market is segmented as follows:
Copper Paste Market by Type Outlook (Revenue, USD Million, 2018 – 2032)
- Low Temperature Sintered
- Medium Temperature Sintered
- High Temperature Sintered
Copper Paste Market by Application Outlook (Revenue, USD Million, 2018 – 2032)
- PCB
- MLCC
- Others
Copper Paste Market by Region Outlook (Revenue, USD Million, 2018 – 2032)
- North America
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
| Copper Paste Market Report Scope |
| Report Attribute |
Details |
| Market Size Value in 2022 |
USD 280.20 million |
| Revenue Forecast in 2030 |
USD 832.18 million |
| Growth Rate |
CAGR of 11.5 % from 2023 to 2032 |
| Base Year for Estimation |
2022 |
| Historical Data |
2018 – 2022 |
| Forecast Years |
2023 – 2032 |
| Quantitative Units |
Revenue in USD million and CAGR from 2023 to 2032 |
| Report Coverage |
Revenue forecast, company ranking, Trends
competitive landscape, and growth factors |
| Segments Covered |
Type, Application, and Region |
| Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico and Others |
| Key Companies Profiled |
Shoei Chemical (Japan), Tatsuta (Japan), Sumitomo Metal Mining (Japan), Chang Sung Corporation (Korea), Wurth (Germany), Heraeus (Germany), Liqui Moly (Germany), FUCHS Group (Germany), Ampletec (Taiwan), WEICON (Germany), Fenghua Advanced Technology (China), MOTOREX (Switzerland), NOF America (U.S.), Hitachi Chemical (Japan), and Sinocera (China) |
Table of Content
Copper Paste Market Size, Share, Growth, and Forecast Report
Chapter 1. Introduction
1.1. Report Description
1.1.1. Aim of the Report
1.1.2. Prospective Audience
1.1.3. Unique Selling Prepositions and Key Takeaways from the Report
1.2. Scope of the Research Study
1.3. Approach/Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.3.3. Expert Panel Review
1.3.4. Market Data Breakdown and Data Triangulation
1.3.5. Research Approach for Market Size Estimation
1.3.5.1. Top-Down Approach
1.3.5.2. Bottom-Up Approach
1.3.6. Key Assumptions
1.4. Market Segmentation
1.4.1. Type
1.4.2. Application
Chapter 2. Copper Paste Market Overview
2.1. Introduction
2.2. Analysis by Type, 2018-2032 (US$ Billion)
2.3. Analysis by Application, 2018-2032 (US$ Billion)
2.4. Market Analysis by Region, 2018-2032 (US$ Billion)
Chapter 3. Copper Paste Market Dynamics
3.1. Introduction
3.2. Growth Drivers
3.3. Growth Restraints
3.4. Growth Opportunities
3.5. Porter’s Five Forces Analysis
3.5.1. Threat of New Entrants
3.5.2. Bargaining Power of Buyers/Consumers
3.5.3. Bargaining Power of Suppliers
3.5.4. Threat of Substitute Types
3.5.5. Intensity of Competitive Rivalry
3.6. Attractiveness Analysis
3.6.1. Type
3.6.2. Application
3.6.3. Region
3.7. Value Chain Analysis
Chapter 4. Copper Paste Market Competition Analysis
4.1. Copper Paste Market Share Analysis by Company, 2019 – 2022
4.1.1. Top 3 Players, 2019 – 2022
4.1.2. Top 6 Players, 2019 – 2022
4.2. Strategic Initiatives
4.2.1. New Products Launch
4.2.2. Mergers/Acquisitions
4.2.3. Agreement and Collaborations
4.2.4. Partnerships, Joint Ventures, Expansion, and Distribution
Chapter 5. Global Copper Paste Market Analysis by Type and Application, 2018-2032 (US$ Billion)
5.1. Type
5.1.1. Global Copper Paste Market Share, by Type, 2022 and 2032
5.1.2. Global Copper Paste Market Revenue, by Type, 2018-2032 (US$ Billion)
5.1.3. By Low-Temperature Sintered Market Analysis 2018-2032 (US$ Billion)
5.1.4. By Medium Temperature Sintered Market Analysis 2018-2032 (US$ Billion)
5.1.5. By High-Temperature Sintered Market Analysis 2018-2032 (US$ Billion)
5.2. Application
5.2.1. Market Share, by Application, 2022 and 2032
5.2.2. Market Revenue, by Application, 2018-2032 (US$ Billion)
5.2.3. By PCB Market Analysis 2018-2032 (US$ Billion)
5.2.4. By MLCC Market Analysis 2018-2032 (US$ Billion)
5.2.5. By Others Application Market Analysis 2018-2032 (US$ Billion)
Chapter 6. Global Copper Paste Market Type Analysis by Region, 2018-2032 (US$ Billion)
6.1. Low-Temperature Sintered Market Analysis 2018-2032 (US$ Billion)
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Latin America
6.1.5. Middle East & Africa
6.2. Medium Temperature Sintered Market Analysis 2018-2032 (US$ Billion)
6.3. High Temperature Sintered Market Analysis 2018-2032 (US$ Billion)
Chapter 7. Global Copper Paste Market Application Analysis by Region, 2018-2032 (US$ Billion)
7.1. PCB Market Analysis 2018-2032 (US$ Billion)
7.1.1. North America
7.1.2. Europe
7.1.3. Asia Pacific
7.1.4. Latin America
7.1.5. Middle East & Africa
7.2. MLCC Market Analysis 2018-2032 (US$ Billion)
7.3. Others Application Market Analysis 2018-2032 (US$ Billion)
Chapter 8. Copper Paste Market Analysis by Geography, 2018-2032 (US$ Billion)
8.1. North America Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.1.1. U.S. Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.1.1.1. Type
8.1.1.2. Application
8.1.2. Canada Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.1.3. Mexico Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.2. Europe Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.2.1. UK Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.2.1.1. Type
8.2.1.2. Application
8.2.2. France Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.2.3. Germany Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.2.4. Spain Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.2.5. Russia Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.2.6. Italy Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.2.7. Rest of Europe Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.3. Asia Pacific Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.3.1. China Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.3.1.1. Type
8.3.1.2. Application
8.3.2. Japan Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.3.3. South Korea Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.3.4. India Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.3.5. Australia Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.3.6. Southeast Asia Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.3.7. Taiwan Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.3.8. Rest of Asia Pacific Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.4. Latin America Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.4.1. Brazil Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.4.1.1. Type
8.4.1.2. Application
8.4.2. Argentina Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.4.3. Rest of Latin America Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.5. Middle East Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.5.1. Israel Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.5.1.1. Type
8.5.1.2. Application
8.5.2. Turkey Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.5.3. Saudi Arabia Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.5.4. UAE Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.5.5. Rest of Middle East Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.6. Africa Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.6.1. Egypt Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.6.1.1. Type
8.6.1.2. Application
8.6.2. South Africa Copper Paste Market Analysis 2018-2032 (US$ Billion)
8.6.3. Rest of Africa Copper Paste Market Analysis 2018-2032 (US$ Billion)
Chapter 9. Company Profiles
9.1. Shoei Chemical (Japan)
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Tatsuta (Japan)
9.3. Sumitomo Metal Mining (Japan)
9.4. Chang Sung Corporation (Korea)
9.5. Wurth (Germany)
9.6. Heraeus (Germany)
9.7. Liqui Moly (Germany)
9.8. FUCHS Group (Germany)
9.9. Ampletec (Taiwan)
9.10. WEICON (Germany)
9.11. Fenghua Advanced Technology (China)
9.12. MOTOREX (Switzerland)
9.13. NOF America (U.S.)
9.14. Hitachi Chemical (Japan)
9.15. Sinocera (China)
Chapter 10. COVID-19 Impact Analysis
10.1. Global Copper Paste Market, 2020 – 2032, Pre-V/S Post COVID 19
10.2. Estimated Impact of The Coronavirus (Covid-19) Epidemic on the Copper Paste Market Size In 2022, By Scenario
10.3. Impact on Supply Chain and Production in Copper Paste Market
10.4. Impact on Import and Export
Chapter 11. Import-Export Analysis
11.1. North America Copper Paste Import-Export, 2018 – 2022
11.2. Europe Copper Paste Import-Export, 2018 – 2022
11.3. Asia Pacific Copper Paste Import-Export, 2018 – 2022
11.4. Latin America Copper Paste Import-Export, 2018 – 2022
11.5. Middle East America Copper Paste Import-Export, 2018 – 2022
11.6. Africa Copper Paste Import-Export, 2018 – 2022
Chapter 12. Copper Paste Marketing Channel Analysis
12.1. Marketing Channel
12.1.1. Direct Marketing
12.1.2. Indirect Marketing
12.1.3. Development Trend
12.2. Market Positioning
Chapter 13. Copper Paste Manufacturing Cost Analysis
13.1. Key Raw Materials
13.2. Key Raw Material Suppliers
13.3. Market Concentration Rate
13.4. Manufacturing Cost Structure
13.5. Process Analysis
Chapter 14. Conclusion
Copper Paste Market by Type Outlook (Revenue, USD Million, 2018 – 2032)
- Low Temperature Sintered
- Medium Temperature Sintered
- High Temperature Sintered
Copper Paste Market by Application Outlook (Revenue, USD Million, 2018 – 2032)
- PCB
- MLCC
- Others
