Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 231 million | USD 513 million | 10.5% | 2022 |
FrequentlyAsked Questions
The copper paste is an anti-seize lubricant for high temperatures. A smooth, copper-colored paste made of synergistic anti-oxidant, anti-corrosion, and anti-wear ingredients suspended in premium-quality stable oil. It works well as an anti-seize formulation to stop metal-to-metal contact, seizing, galling, and fretting corrosion.
The increasing automotive sector and the growing infrastructural projects across the globe are expected to drive market growth during the forecast period. In addition, rapid industrialization is another factor that propels the copper paste market expansion over the forecast period.
According to the report, the global copper paste market size was worth around USD 231 million in 2022 and is predicted to grow to around USD 513 million by 2030.
The global Copper Paste market is expected to grow at a CAGR of 10.5% during the forecast period.
The global Copper Paste market growth is expected to be driven by the Asia Pacific. It is currently the world’s highest revenue-generating market due to the growing automotive industry and PV industry.
The global Copper Paste market is dominated by players like Tatsuta, Shoei Chemical, Sumitomo Metal Mining, Kyoto Elex, TDK Electronics (EPCOS), Chang Sung Corporation, Fenghua Advanced Technology, Ampletec, NAMICS, Mitsuboshi Belting, Heraeus, Sinocera, Asahi Chemical and Material Concept among others.
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