Global Copper Paste Is Expected To Grow At A CAGR Of 13.83% From 98744 M USD In 2018
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At present, in the foreign industrial developed countries the copper paste industry is generally at a more advanced level, the world's large enterprises are mainly concentrated in the Japan. Meanwhile, foreign companies have more mature equipment, strong R & D capability, and the technical level is also in a leading position. But in foreign companies the manufacturing cost is relatively high, compared with in China. So the manufacturing cost in developed countries is a disadvantage. As the production technology of copper paste manufacturers in China continues to improve, the share of Chinese manufactures will be increasing, and the competitiveness in the international market will also gradually increase.
The copper paste is expected to grow at a CAGR of 13.83% from 98744 M USD in 2018 to reach 136.02 M USD by 2025 in global market. The Copper paste market is related concentrated market; the revenue of top ten manufacturers accounts about 50% of the total revenue in 2017. The high-end products mainly come from Japan.
The copper paste is mainly used in printed electronic, PV Industry, which widely used in the electronics industry. However, the demand for solar energy is growing today as an alternative for exhaustible resources, and to address and mitigate global warming. The cost of solar power generation equipment must decrease in order to realize wider adoption of solar energy and its self-sustaining growth. Manufacturers currently use silver (Ag) pastes to form wires and electrodes on the surface of solar battery cells. Silver pastes, which contain more than 90% silver particles, make up approximately 10 to 30% of the material cost of these cells. However, the high cost of silver and its volatile pricing is a disadvantage for both manufacturers and consumers.