Oxygen-Free Copper Market Growth Trends, Overview, Size, Demand, and Leading Players
Posted by Stephen Lobo on March 20th, 2023
Oxygen-Free Copper Market Scope
Oxygen-Free Copper Market research report 2023 shows grade and product form, Strength and Weakness Analysis, PESTLE Analysis, Regional Analysis of Market, Impact of COVID-19 on Market and Future Forecasts up to 2025. The report aims to help advertise players, partners, financial specialists, and business tacticians to accomplish a main situation in the market. The report keeps in mind the need of the customers for the latest information on the market that addresses all reader queries and manufacturer doubts that enable high revenue generation amidst deep competition in the global market.
The oxygen-free copper industry is projected to grow from USD 19.9 billion in 2020 to USD 25.9 billion by 2025, at a CAGR of 5.3% during the forecast period.
This includes the study of various parameters affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry. The report presents fundamental synopsis of the industry, grades, product form, explanations, and manufacturing chain structure. It also keeps up the record of development techniques received by different organizations that are making new guidelines for rivalry in the worldwide oxygen-free copper market. The report analyzes every major facet of the global oxygen-free copper market by specifications of the product, restraints, challenges, and growth opportunities. A detailed global understanding of the market based on present and future size (revenue) has been given.
What is oxygen-free copper?
Oxygen-free copper (OFC) is a type of copper that has been refined to remove oxygen and other impurities. This results in a very high-purity copper, typically with a minimum copper content of 99.95%.
The presence of oxygen and other impurities can have a negative effect on the electrical conductivity and corrosion resistance of copper, so removing them can improve the performance of copper in electrical and other applications. Oxygen-free copper is used in a variety of applications, including electrical wiring, high-performance audio and video equipment, and in some medical equipment.
Browse in-depth TOC on "Oxygen-Free Copper Market"
150 – Tables
List of TOP Competitors in Oxygen-Free Copper Market Report are -
Increasing demand for oxygen-free copper from the electronics & electrical end-use industry, especially in the Asia Pacific region, is expected to drive the demand for oxygen-free copper in the near future. The requirement for high-quality copper with high electrical conductivity has accelerated the demand for oxygen-free copper in the electronics & electrical end-use industry.
Oxygen-Free Copper Market Key Points:
The Cu-OF segment is projected to lead the global oxygen-free copper market through 2025
The Cu-OF segment acquired the largest share in the oxygen-free copper market in 2019, in terms of value, and is projected to grow at the highest CAGR during the forecast period. Cu-OF (C10200) is 99.95% pure copper with 0.001% oxygen content. Its conductivity rating is equivalent to electrolytic tough pitch (ETP) with minimum 101% IACS electrical conductivity. It generally has a liquidus and solidus melting point of 1,9810 Fahrenheit. Its density is 8.94 g/cm3. It is used in cutting-edge scientific equipment, such as magnetometers, electromagnets, and other superconductors.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=196978298
The automotive segment is projected to grow at the highest CAGR in the oxygen-free copper market during the forecast period
The automotive segment is projected to grow at the highest CAGR in the oxygen-free copper market from 2020 to 2025. The automotive industry is getting momentum with the advent of electric vehicles (EVs) in emerging countries, for instance, India. Due to their high electrical conductivity, they are also increasingly being used in battery components of EVs. In addition, the rising demand from the automotive and aerospace industries will also drive the growth of this copper type.
The Asia Pacific is projected to hold the largest share in the oxygen-free copper market during the forecast period
The Asia Pacific is the most attractive market for oxygen-free copper due to the rapid socio-economic development in the region. This region is a prospective market for the growth and demand of electronics & electrical and automotive, among other industries. Countries in this region such as Japan, China, Korea, Taiwan, India, and Singapore are primary centers for manufacturing and sale of electrical & electronic goods, which are the major end-users of oxygen-free copper. The Asia Pacific region is a lucrative market for automobiles and is witnessing a shift toward EVs, such as Hybrid Electric Vehicles (HEVs).
Key players operating in the oxygen-free copper market are KGHM PolskaMiedz SA (Poland), Hitachi Metals Neomaterials Ltd. (Japan), Zhejiang Libo Holding Group (China), Mitsubishi Materials Corporation (Japan), MetrodHoldings Berhad (Malaysia), Aviva Metals (US), KME Germany GmbH (Germany), and Sam Dong (South Korea). These players have adopted various growth strategies to expand their global presence and increase their market share.
Like it? Share it!
About the AuthorStephen Lobo
Joined: November 18th, 2022
Articles Posted: 125
More by this author