Oxygen-Free Copper Market Size In 2022 : 4.4% CAGR with Top Countries Data, Trends, Key Regions and Growth Forecast to 2031

The report predicts the global Oxygen-Free Copper Market to grow at a healthy CAGR Of 4.4% over the forecast period from 2022-2031.

The global oxygen-free copper market is projected to reach USD 18.35 billion by 2031, at a CAGR of 4.4% from 2022 to 2031. The increasing demand from the electronics & electrical end-use industry, especially in the Asia-Pacific region, is anticipated to drive the oxygen-free copper market in the coming years. In addition, the rising demand from the automotive and aerospace industries will also drive the growth of the oxygen-free copper market during the forecast period. On the other hand, the high cost of processing oxygen-free copper is anticipated to be one of the major restraints for the growth of this market.

“Cu-OF grade of oxygen-free copper accounted for the largest share in the global oxygen-free copper market”

The Cu-OF grade segment is estimated to account for the largest share of the global oxygen-free copper market in 2016, and is projected to be the fastest-growing segment as well from 2022 to 2031. The increase in the use of Cu-OF in the electronics & electrical industry in China and India is expected to drive the growth of Cu-OF segment.

“Electronics & electrical end-use industry is anticipated to capture the largest share of the global oxygen-free copper market in 2016”

The electronics & electrical segment of the oxygen-free copper market is estimated to account for the largest share in 2016. The electronics & electrical industry requires highly conductive copper for applications such as backing plates, casting molds, heat sinks, video & audio systems, klystrons, magnetrons, microwave tubes, printed circuit boards, semiconductors, and vacuum capacitors & interrupters, among others. 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.

“Asia-Pacific is estimated to be the largest market for oxygen-free copper in 2016”

Asia-Pacific is estimated to account for the largest market share in 2016 owing to the increasing demand from the electronics & electrical end-use industry, which accounts for the largest share in the global market. The growing e-commerce leading to high demand for electronic goods in China and India is also a major growth driver for the oxygen-free copper market. The Asia-Pacific region is also expected to register the highest CAGR during the forecast period.

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Profile break-up of primary participants for the report:

  •  By Company Type: Tier 1 – 45 %, Tier 2 – 35%, Tier 3 – 20%
  •  By Designation: C Level – 35%, Director Level – 25%, Others – 40%
  •  By Region: Asia-Pacific – 47%, Europe – 20%, North America – 13%, Middle East & Africa – 13%, South America – 7%

Furthermore, as a part of the qualitative analysis, the report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by the different market players, such as Citizen Metalloys Limited (India), KGHM Polska Miedź S.A. (Poland), Luvata (U.K.), National Bronze & Metals, Inc. (U.S.), Sam Dong America (South Korea), SH Copper Products Co., Ltd. (Japan), Zhejiang Libo Holding Group Co., Ltd. (China), Mitsubishi Materials Corporation (Japan), Pan Pacific Copper Co., Ltd. (Japan), Watteredge LLC (U.S.), Freeport-McMoRan Inc. (U.S.), KME Germany GmbH & Co KG (Germany), Wieland-Werke AG (Germany), Cupori Oy (Finland), and Metrod Holdings Berhad (Malaysia), among others.

Research Coverage:

This report offers an overview of market trends, drivers, and challenges with respect to the oxygen-free copper market. It also provides a detailed overview of the market across five regions, namely, Asia-Pacific, Europe, North America, Middle East & Africa, and Latin America. The report categorizes the oxygen-free copper market based on grade, product form, end-use industry, and region. A detailed analysis of leading players, along with key growth strategies adopted by them, are also covered in the report.

Key Benefits of Buying the Report:

The report will help the market leaders/new entrants in this market by providing them with the closest approximations of the revenue numbers for the overall oxygen-free copper market and its subsegments. This report will help stakeholders to better understand the competitor landscape and gain more insights to better position their businesses and make suitable go-to-market strategies. The report also helps the stakeholders to understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

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