Oxygen-Free Copper Market Obverview
The Oxygen-Free Copper Market research report covers statistical overview on overall future prospects, demand scope, growth drivers, roadblocks and challenges, future opportunities & forecast. The report focuses on the Oxygen-Free Copper Market size, share, segments, Key drivers, trends, restraints & expert reviews. 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. 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.
Driver: Increasing sales of electric vehicles (EVs)
Restraint: High cost of oxygen-free copper processing
Opportunity: Untapped applications of oxygen-free copper across various industries
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Oxygen-Free Copper Market Key Players
- KGHM Polska Miedz SA (Poland)
- Hitachi Metals Neomaterials Ltd. (Japan)
- Zhejiang Libo Holding Group (China)
- Mitsubishi Materials Corporation (Japan)
- Metrod Holdings Berhad (Malaysia)
- Aviva Metals (US)
- KME Germany GmbH (Germany)
- Sam Dong (South Korea).
KGHM Polska Miedz SA is a Poland-based company engaged in mining and production of copper and other precious metals. The company operates through various sites under the divisions, such as mining & enrichment, smelting & refining, and downstream processing. Through these divisions, the company manufactures products, such as copper, precious metals, molybdenum, and rhenium. Under the copper product segment, the company provides cathodes, wire rod, Cu- OFE wire, Cu-Ag wire, round billets, and granules. It manufactures oxygen-free copper in Cedynia plant using the UPCAST technology. It exports its products to Germany, the UK, France, China, and the Czech Republic, among other countries. The company has mining and enrichment facilities in Poland, Chile, Canada, and US. Its metallurgy, refinery and processing plants are all located in Poland. The company also has an office located in China to cater to the demands from the region.
Oxygen-Free Copper Market Segmentation
This research report categorizes the oxygen-free copper market based on grade, product form, end-use industry and region.
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.
By Product Form
- Busbar & Rod
By End-Use Industry
- Electronics & Electrical
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.
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- North America
- Asia Pacific
- Middle East & Africa
- South America
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).
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