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During the projection period (2023-2030), the global market for oxygen-free copper is expected to expand from its 2022 valuation of USD 19.18 billion to a peak of USD 30.92 billion by 2030, representing a CAGR of 6.5%.
Demand from sectors like electronics, automobiles, and aircraft has led to consistent expansion in the global oxygen-free copper market. High-purity oxygen-free copper, or oxygen-free high-conductivity (OFHC) copper, has low oxygen concentration and high electrical and thermal conductivities. The industry is being propelled by the increasing need for high-performance electronic components and efficient electrical transmission. Power transmission cables, electrical connectors, printed circuit boards, and heat exchangers are just some of the many places you'll find oxygen-free copper being put to good use. The growth of the electric vehicle market and the popularity of alternative energy sources also contribute to the rising need for oxygen-free copper. Moreover, prospects for market expansion are being created by technological progress and the continual development of new applications. Raw material price volatility and the presence of viable substitutes are two issues that threaten the market's expansion. Demand from a variety of end-user industries is projected to propel the global oxygen-free copper market forward in the coming years.
Categorization by Form
The Oxygen-free Electronic (OFE) copper subsegment of the type segment accounts for the lion's share of the Oxygen-free Copper market. Connectors, switches, and integrated circuits are just few of the many electronic and electrical uses for oxygen-free copper (OFE), the purest grade available. It is ideally suited for use in mission-critical electronic components due to its high heat conductivity, high electrical conductivity, and great solderability.
The Oxygen-free Industrial (OFI) copper testing type is the most rapidly expanding segment of the Oxygen-free copper market. Although it is not as pure as OFE copper, OFI copper nevertheless has excellent thermal and electrical conductivity. Heat exchangers, power transmission, and electrical grounding are just a few of the many industrial uses for it. In response to rising performance and reliability expectations in the industrial sector, the OFI copper market has been expanding rapidly.
Evaluation Through Use
Non-destructive testing (NDT) is one of the most common approaches to quality assurance and control in the Oxygen-free Copper industry. Ultrasonic testing, eddy current testing, and X-ray testing are just a few examples of the non-destructive testing methods used to guarantee the quality of oxygen-free copper products. Without harming the material, these techniques can reveal flaws and irregularities deep within it.
The field of sophisticated spectroscopic techniques is expanding at a faster rate than any other sub-segment of testing. Oxygen-free copper samples can be analyzed for their composition and purity using these methods and specialized equipment. Advanced spectroscopic testing methods provide precise and efficient analysis, allowing producers to meet demanding quality standards and customer expectations in response to the rising demand for high-quality and high-performance copper goods.
Drivers
Demand Rising From Electrical, Electronic, Automotive, and Aerospace End-Users
Increasing demand from various end-use sectors including electrical and electronics, automotive, and aerospace is one factor propelling the global market. Because of its high thermal conductivity and outstanding electrical conductivity, oxygen-free copper is well-suited for uses that necessitate rapid heat dissipation. Oxygen-free copper is in high demand due to the increasing requirement for high-performance electronics and cutting-edge automotive systems.
Restraints
Copper Price Volatility
However, the volatility of copper prices is a constraint on the global market. Copper is a worldwide traded commodity whose price can be affected by a number of factors, including supply and demand, political events, and general economic health. Copper price fluctuations have the potential to reduce manufacturers' profits and raise manufacturing costs. This might make it difficult for businesses to find a sustainable pricing and profit structure in the market.
Strategic Market Shifts
Increasing demand from the electronics sector is driving growth in the global oxygen-free copper market. Since oxygen-free copper (OFC) has excellent electrical conductivity and corrosion resistance, it finds extensive use in the production of electrical and electronic components. The desire for cutting-edge electronics like smartphones, tablets, and electric cars has resulted in a dramatic increase in the demand for pure copper. Because it allows for efficient power transfer and signal conductivity, oxygen-free copper is widely used in the electronics industry. This has contributed to a rise in demand for the material.
Report Coverage
Global Oxygen-Free Copper research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Oxygen-Free Copper report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Oxygen-Free Copper competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Oxygen-Free Copper market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Oxygen-Free Copper market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Oxygen-Free Copper market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Freeport-McMoRan Inc. (United States), KME Germany GmbH & Co KG (Germany), Mitsubishi Materials Corporation (Japan), Aurubis AG (Germany), KGHM Polska Miedź S.A. (Poland), Wieland-Werke AG (Germany), Pan Pacific Copper Co., Ltd. (Japan), Sam Dong Co., Ltd. (South Korea), Hitachi Metals, Ltd. (Japan), Jiangxi Copper Corporation (China), Luvata (Finland), Poongsan Corporation (South Korea), MKM Mansfelder Kupfer und Messing GmbH (Germany), Watteredge LLC (United States), Nippon Mining & Metals Co., Ltd. (Japan), Dowa Holdings Co., Ltd. (Japan), Mueller Industries, Inc. (United States), Metelec Ltd. (United Kingdom), Kobe Steel, Ltd. (Japan), MKM Mansfelder Kupfer und Messing GmbH (Germany)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Oxygen-Free Copper market based on the below-mentioned segments:
Global Oxygen-Free Copper Market, By Type
Oxygen-free Electronic (OFE) copper
Oxygen-free Industrial (OFI) copper
Global Oxygen-Free Copper market, By Application
non-destructive testing (NDT)
advanced spectroscopic technique
Global Oxygen-Free Copper market, Regional Analysis
Demand from sectors like electronics, automobiles, and aircraft has led to consistent expansion in the global oxygen-free copper market. High-purity oxygen-free copper, or oxygen-free high-conductivity (OFHC) copper, has low oxygen concentration and high electrical and thermal conductivities. The industry is being propelled by the increasing need for high-performance electronic components and efficient electrical transmission. Power transmission cables, electrical connectors, printed circuit boards, and heat exchangers are just some of the many places you'll find oxygen-free copper being put to good use. The growth of the electric vehicle market and the popularity of alternative energy sources also contribute to the rising need for oxygen-free copper. Moreover, prospects for market expansion are being created by technological progress and the continual development of new applications. Raw material price volatility and the presence of viable substitutes are two issues that threaten the market's expansion. Demand from a variety of end-user industries is projected to propel the global oxygen-free copper market forward in the coming years.
Categorization by Form
The Oxygen-free Electronic (OFE) copper subsegment of the type segment accounts for the lion's share of the Oxygen-free Copper market. Connectors, switches, and integrated circuits are just few of the many electronic and electrical uses for oxygen-free copper (OFE), the purest grade available. It is ideally suited for use in mission-critical electronic components due to its high heat conductivity, high electrical conductivity, and great solderability.
The Oxygen-free Industrial (OFI) copper testing type is the most rapidly expanding segment of the Oxygen-free copper market. Although it is not as pure as OFE copper, OFI copper nevertheless has excellent thermal and electrical conductivity. Heat exchangers, power transmission, and electrical grounding are just a few of the many industrial uses for it. In response to rising performance and reliability expectations in the industrial sector, the OFI copper market has been expanding rapidly.
Evaluation Through Use
Non-destructive testing (NDT) is one of the most common approaches to quality assurance and control in the Oxygen-free Copper industry. Ultrasonic testing, eddy current testing, and X-ray testing are just a few examples of the non-destructive testing methods used to guarantee the quality of oxygen-free copper products. Without harming the material, these techniques can reveal flaws and irregularities deep within it.
The field of sophisticated spectroscopic techniques is expanding at a faster rate than any other sub-segment of testing. Oxygen-free copper samples can be analyzed for their composition and purity using these methods and specialized equipment. Advanced spectroscopic testing methods provide precise and efficient analysis, allowing producers to meet demanding quality standards and customer expectations in response to the rising demand for high-quality and high-performance copper goods.
Drivers
Demand Rising From Electrical, Electronic, Automotive, and Aerospace End-Users
Increasing demand from various end-use sectors including electrical and electronics, automotive, and aerospace is one factor propelling the global market. Because of its high thermal conductivity and outstanding electrical conductivity, oxygen-free copper is well-suited for uses that necessitate rapid heat dissipation. Oxygen-free copper is in high demand due to the increasing requirement for high-performance electronics and cutting-edge automotive systems.
Restraints
Copper Price Volatility
However, the volatility of copper prices is a constraint on the global market. Copper is a worldwide traded commodity whose price can be affected by a number of factors, including supply and demand, political events, and general economic health. Copper price fluctuations have the potential to reduce manufacturers' profits and raise manufacturing costs. This might make it difficult for businesses to find a sustainable pricing and profit structure in the market.
Strategic Market Shifts
Increasing demand from the electronics sector is driving growth in the global oxygen-free copper market. Since oxygen-free copper (OFC) has excellent electrical conductivity and corrosion resistance, it finds extensive use in the production of electrical and electronic components. The desire for cutting-edge electronics like smartphones, tablets, and electric cars has resulted in a dramatic increase in the demand for pure copper. Because it allows for efficient power transfer and signal conductivity, oxygen-free copper is widely used in the electronics industry. This has contributed to a rise in demand for the material.
Report Coverage
Global Oxygen-Free Copper research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Oxygen-Free Copper report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Oxygen-Free Copper competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Oxygen-Free Copper market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Freeport-McMoRan Inc. (United States), KME Germany GmbH & Co KG (Germany), Mitsubishi Materials Corporation (Japan), Aurubis AG (Germany), KGHM Polska Miedź S.A. (Poland), Wieland-Werke AG (Germany), Pan Pacific Copper Co., Ltd. (Japan), Sam Dong Co., Ltd. (South Korea), Hitachi Metals, Ltd. (Japan), Jiangxi Copper Corporation (China), Luvata (Finland), Poongsan Corporation (South Korea), MKM Mansfelder Kupfer und Messing GmbH (Germany), Watteredge LLC (United States), Nippon Mining & Metals Co., Ltd. (Japan), Dowa Holdings Co., Ltd. (Japan), Mueller Industries, Inc. (United States), Metelec Ltd. (United Kingdom), Kobe Steel, Ltd. (Japan), MKM Mansfelder Kupfer und Messing GmbH (Germany) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Oxygen-Free Copper Market from 2021 to 2030.
- Market Forecast for Oxygen-Free Copper Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Oxygen-Free Copper competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Oxygen-Free Copper
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Oxygen-Free Copper market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Oxygen-Free Copper market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Freeport-McMoRan Inc. (United States), KME Germany GmbH & Co KG (Germany), Mitsubishi Materials Corporation (Japan), Aurubis AG (Germany), KGHM Polska Miedź S.A. (Poland), Wieland-Werke AG (Germany), Pan Pacific Copper Co., Ltd. (Japan), Sam Dong Co., Ltd. (South Korea), Hitachi Metals, Ltd. (Japan), Jiangxi Copper Corporation (China), Luvata (Finland), Poongsan Corporation (South Korea), MKM Mansfelder Kupfer und Messing GmbH (Germany), Watteredge LLC (United States), Nippon Mining & Metals Co., Ltd. (Japan), Dowa Holdings Co., Ltd. (Japan), Mueller Industries, Inc. (United States), Metelec Ltd. (United Kingdom), Kobe Steel, Ltd. (Japan), MKM Mansfelder Kupfer und Messing GmbH (Germany)
Primary Target Market
- Market Players of Oxygen-Free Copper
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Oxygen-Free Copper market based on the below-mentioned segments:
Global Oxygen-Free Copper Market, By Type
Oxygen-free Electronic (OFE) copper
Oxygen-free Industrial (OFI) copper
Global Oxygen-Free Copper market, By Application
non-destructive testing (NDT)
advanced spectroscopic technique
Global Oxygen-Free Copper market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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