The report “Global Oxygen Free Copper Market, By Grade (CU-OF and CU-OFE), By Product (Wires, Strips, Busbars and Rods, and Others), By End-User Industry (Electrical and Electronics, Automotive, Industrial, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Trends, Analysis and Forecast till 2029”.
- In March 2019, KME SE informed that it has signed an agreement with ECT – European Copper Tubes Ltd to purchase its 49% shareholding in Tréfimétaux SAS and, therefore, obtain again 100% control of such a company.
- In March 2019, Citizen Metaalloys announced that Citizen Metalloys delivers high-performance copper products.
Demand from Electrical and Electronics Industry
Oxygen-free copper is commonly used in manufacturing applications such as the manufacture of semiconductors and superconductors, and high-vacuum systems such as particle accelerators requiring plasma deposition. The use of oxygen-free materials is critical in these applications, as the presence of oxygen or some other impurity contributes to unwanted chemical reactions with the materials used in the system. Oxygen-free copper witnessing growth in consumption due to wide application in printed circuit boards, microwave tubes, vacuum capacitors, vacuum interrupters, vacuum seals, waveguides, and vacuum tubes for radio and TV transmitters and magnetrons.
Upgraded Living Standard
Upgrading living standards and increasing purchasing power of people, mostly in the developing economies, will propel the oxygen free copper market. The tremendous growth in the number of electronic gadgets such as cell phones, smart devices, laptops, and television sets across the globe is increasing the product demand.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Oxygen Free Copper Market”, By Grade (CU-OF and CU-OFE), By Product (Wires, Strips, Busbars and Rods, and Others), By End-User Industry (Electrical and Electronics, Automotive, Industrial, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Trends, Analysis and Forecast till 2029
Key Market Insights from the report:
The global oxygen free copper market accounted for US$ 31.1 billion in 2020 and is estimated to be US$ 49.5 billion by 2029 and is anticipated to register a CAGR of 5.3% The market report has been segmented on the basis of grade, product, end-user industry, and region.
- By grade, the Cu-OF grade of the oxygen-free copper is estimated to lead the oxygen-free copper market in 2016, in terms of value. The large share of this segment can be attributed to the increase in the use of copper in the electronics and transportation industries in Asia-Pacific and North America.
- By product, the strips segment is the fastest-growing segment owing to the increased use of oxygen-free copper strips in the electronic, transportation, and aerospace industries.
- By end-user industry, The electronics & electrical conductors industry is anticipated to expand significantly during the forecast period primarily due to the increasing demand for electronic semiconductor devices in developing countries of Asia Pacific such as China, Japan, and India owing to factors such as rising disposable income, improvement in standard of living of the people in these countries, and industrial and infrastructural development in the region.
- By region, Asia Pacific is anticipated to dominate the market for oxygen free copper during the forecast period due to the growth in automotive and electronic goods industries in the region.
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The prominent player operating in the global oxygen free copper market includes Copper Braid Products, Hussey Copper, Aviva Metals, KGHM, KME Mansfeld GmbH, Citizen Metalloys Limited, Luvata, National Bronze & Metals, Inc., Sam Dong America, and SH Copper Products Co., Ltd.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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Some Important Points Answered in this Market Report Are Given Below:
- Explains an overview of the product portfolio, including product development, planning, and positioning
- Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
- Detailed analysis of the market revenue over the forecasted period.
- Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
- Study on the segments that are anticipated to dominate the market.
- Study on the regional analysis that is expected to register the highest growth over the forecast period
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- Study Deliverables
- Study Assumptions
- Scope of the Study
- Research Methodology
- Executive Summary
- Opportunity Map Analysis
- Market at Glance
- Market Share (%) and BPS Analysis, by Region
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Investment Analysis
- Competitive Analysis
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