Oxygen-free copper (OFC) is a high-purity copper alloy with extremely low oxygen content. It is primarily used in applications where high electrical conductivity, thermal conductivity, and corrosion resistance are essential. The 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″ 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.
Browse 150 market data Tables and 36 Figures spread through 168 Pages and in-depth TOC on “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”
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The oxygen-free copper market has experienced significant growth and is poised for further expansion in the coming years. This article explores the current state of the oxygen-free copper market, its key applications, major players, and future prospects.
Demand Drivers: The robust demand for OFC in North America and Asia-Pacific stems from the surge in electronic devices, expansion of telecommunications networks, and the shift towards renewable energy sources. OFC's superior conductivity makes it indispensable in circuits, wiring, and transmission lines, fueling its adoption across industries.
Key Applications
- Electrical and Electronics Industry: OFC is widely used in the electrical and electronics industry, including power transmission, transformers, motors, and printed circuit boards (PCBs). Its excellent conductivity and low resistance make it an ideal choice for conducting electricity efficiently and minimizing energy losses.
- Automotive Sector: The automotive industry extensively utilizes OFC in various applications such as wiring harnesses, connectors, and electrical components. With the increasing adoption of electric vehicles (EVs) and advanced driver-assistance systems (ADAS), the demand for oxygen-free copper is expected to rise further.
- Telecommunications: OFC plays a vital role in the telecommunications sector, specifically in the manufacturing of high-quality cables and connectors. The proliferation of data centers, 5G networks, and fiber optic communication systems necessitates the use of OFC to ensure reliable and high-speed data transmission.
- Industrial and Scientific Instruments: OFC is essential in scientific instruments, such as particle accelerators, nuclear reactors, and superconducting magnets, where high conductivity and purity are paramount. It also finds applications in the aerospace industry for wiring, connectors, and avionics systems.
Oxygen-Free Copper Market Key Players
The oxygen-free copper market is dominated by major players such as 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), and Sam Dong (South Korea). These players have adopted growth strategies, such as acquisitions and expansions to further expand their presence in the global oxygen-free copper market. Aqcuisitions were the most dominating strategy adopted by major players from 2017 to 2020, which helped them to expand their global presence and broaden their customer base.
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.
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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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