Oxygen-Free Copper Market Growth Drivers, Impact Analysis & Market Opportunities by 2030
Research Reports
Mar 24, 2022
Oxygen-Free Copper Market Overview
According to the recent information received, the global oxygen-free copper market size is witnessed at USD 19.25 billion in 2020 and is expected to grow at a significant rate of 4.13% with market size of USD 30.6 billion during the forecast period 2020-2030.
Oxygen-free copper is also named oxygen-free electrical conductivity copper. It is formed by the group of wrought copper alloys which are electrically refined to reduce the oxygen content to less than 0.001%. It exhibits high conductivity, magnetic, and chemical purity which makes it to found them in various industrial applications like automotive, electrical & semiconductor, thermal & optical, and more. It has superior advantages like excellent thermal & electrical conductivity, flexibility, fatigue strength, compressive strength, easy soldering, and relatively low instability in the vacuum chamber.
Due to its excellent thermal & electrical conductivity, oxygen-free copper is highly demanded in the electrical & electronic industries to produce printed circuit boards, superconductors, and semiconductors are propelling the growth of the market. Wires produced with oxygen-free copper provide higher conductivity, better ability to transfer low-frequency sounds, durability, etc. Hence, it is preferred in the production of high-end audio-visual systems. Upsurging electrical & computer production, expanding the product demand in the automotive sector, booming e-commerce in India and China, environmental concerns are the few factors driving the market growth.
The oxygen-free copper market opportunities are increasing focus on R&D, growing modernization, and technical developments in the fabrication process are boosting the market growth.
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Key Players
The major market players in the market are
- Hitachi Metals Neomaterials Ltd.
- Mitsubishi Materials Corporation
- Aviva Metals
- Sam Dong
- Copper Braid Products
- Farmer’s Copper Ltd.
- Heyco Metals Inc.
- Haviland Enterprises Inc.
- Millard Wire & Specialty Strip Co.
- Hussey Copper Ltd.
Oxygen-Free Copper Market Segmentation
The oxygen-free copper market is analyzed into three forms based on grade, product, and industry.
Grade Segmentation: Based on the grade, the oxygen-free copper is bifurcated into copper oxygen-free electronic (Cu-OFE), and copper oxygen-free (Cu-OF).
Product Segmentation: The oxygen-free copper products are classified into various forms such as wire, strips, rods, busbars, and others.
Industry Segmentation: By industry, the oxygen-free copper is trifurcated into electrical & electronics, automotive, and others.
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Regional Classification
By the latest survey, the global oxygen-free copper market based on region is sectioned into five major regions such as North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. Among them, Asia-Pacific is holding the largest market share and is said to be the fastest-growing region owing to the rapid rise of industries like automotive and electrical & electronics. Europe is accounting for the second largest market share due to the established automotive sector, growing electric cars production, the existence of technical superiority, and well-established corporations. North America is holding a significant share due to the enhancing automotive and electrical & electronics industries. The rising automotive sector and demand for electric vehicles are driving the market growth in the Middle East & Africa region.
Recent Development
Mitsubishi Materials Corporation stated in February 2020 that it has achieved an agreement to buy a 20% share in the Mantoverde copper mine from Mantos Copper Holding SpA (Chile) and to participate in the Mantoverde Development Project. Mitsubishi Materials Corporation will invest USD 263 million at the closure of the purchase in exchange for a 30% share. The corporation will obtain offtake rights for 30% of the copper produced, equal to its equity shares, and will get the materials produced in the form of copper concentrate.
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Table of Content
1 Executive Summary
2 Scope Of TheReport
2.1 Market Definition
2.2 Scope Of The Study
2.3 List Of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Factor Analysis
4.1 Supply Chain Analysis
4.1.1 Raw Form Suppliers
4.1.2 Manufacturers/Service Providersof Oxygen-Free Copper
4.1.3 Distributors/Retailers/Wholesalers/E-Commerce Merchants
4.1.4 End-Use Industries
4.2 Porter’s Five Forces Model
4.2.1 Threat Of New Entrants
4.2.2 Intensity Of Competitive Rivalry
4.2.3 Threat Of Substitutes
4.2.4 Bargaining Power Of Suppliers
4.2.5 Bargaining Power Of Buyers
4.3 Pricing Analysis
5 Market Dynamics Of Global Oxygen-Free CopperMarket
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Challenges
6 Global Oxygen-Free Copper Market, By Grade
6.1 Introduction
6.2 Oxygen-Free (OF)
6.2.1 Market Estimates & Forecast, 2019–2030
6.2.2 Market Estimates & Forecast, By Region, 2019–2030
6.3 Oxygen-Free Electronic (OFE)
6.3.1 Market Estimates & Forecast, 2019–2030
6.3.2 Market Estimates & Forecast, By Region, 2019–2030
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