Auto Industry News
Auto Bailout News
Auto Show News
Car Dealers News
| Automotive News
| Submit Press Release
(I-AutoNewsWire.com, April 22, 2022 ) 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.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=196978298
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.
Don't miss out on business opportunities in Oxygen-Free Copper Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=196978298
Browse in-depth TOC on "Oxygen-Free Copper Market”
150 - Market Data Tables
36 - Figures
168 - Pages
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 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 various growth strategies to expand their global presence and increase their market share
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=196978298
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra