According to the new market research report "Oxygen-Free Copper Market by Grade (Cu-OF, Cu-OFE), Product Form (Wire, Strips, Busbar & Rod, Others), End-use Industry (Electronics & Electrical, Automotive, Others), & Region - Global Forecast to 2025", published by MarketsandMarkets™, the Oxygen-Free Copper Market 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.
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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.
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.
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.
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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.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 27)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 SCOPE OF THE STUDY
FIGURE 1 OXYGEN-FREE COPPER MARKET SEGMENTATION
1.3.1 YEARS CONSIDERED FOR THE STUDY
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY (Page No. - 30)
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.2 MARKET SIZE ESTIMATION
2.2.1 APPROACH
2.2.1.1 VOLUME MARKET
2.2.1.1.1 Approach 1 (based on oxygen-free copper consumption, by country)
FIGURE 2 APPROACH 1 (BASED ON OXYGEN-FREE COPPER CONSUMPTION, BY COUNTRY)
2.3 DATA TRIANGULATION
FIGURE 3 OXYGEN-FREE COPPER MARKET: DATA TRIANGULATION
FIGURE 4 KEY MARKET INSIGHTS
FIGURE 5 LIST OF STAKEHOLDERS INVOLVED AND BREAKDOWN OF PRIMARY INTERVIEWS
2.4 RESEARCH ASSUMPTIONS & LIMITATIONS
2.4.1 ASSUMPTIONS
2.4.2 LIMITATIONS
3 EXECUTIVE SUMMARY (Page No. - 35)
FIGURE 6 CU-OF GRADE TO ACCOUNT FOR LARGER MARKET SIZE
FIGURE 7 STRIPS TO BE THE FASTEST-GROWING PRODUCT FORM
FIGURE 8 ELECTRONICS & ELECTRICAL END-USE INDUSTRY TO LEAD THE OXYGEN-FREE COPPER MARKET IN 2020
FIGURE 9 ASIA PACIFIC TO GROW AT THE HIGHEST RATE IN THE OXYGEN-FREE COPPER MARKET FROM 2020 TO 2025
4 PREMIUM INSIGHTS (Page No. - 39)
4.1 ASIA PACIFIC TO WITNESS A HIGHER GROWTH RATE DUE TO HIGH DEMAND FOR CONSUMER ELECTRONICS
FIGURE 10 INCREASING DEMAND FROM THE ELECTRONICS & ELECTRICAL INDUSTRY TO DRIVE THE OXYGEN-FREE COPPER MARKET
4.2 OXYGEN-FREE COPPER MARKET, BY REGION AND END-USE INDUSTRY
FIGURE 11 ASIA PACIFIC AND ELECTRONICS & ELECTRICAL LED THEIR RESPECTIVE SEGMENTS IN THE OXYGEN-FREE COPPER MARKET IN 2019
4.3 OXYGEN-FREE COPPER MARKET, BY COUNTRY
FIGURE 12 THE OXYGEN-FREE COPPER MARKET IN CHINA IS PROJECTED TO GROW AT THE HIGHEST CAGR FROM 2020 TO 2025
5 MARKET OVERVIEW (Page No. - 41)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
Continued...