Oxygen Free Copper Market 2022 to 2030 - Industry Scope and Growth Strategies by Key Players, Type, Application
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The oxygen-free copper market is estimated to reach US $ 27.51 billion by 2031, from a market value of US $ 20.72 billion in 2022, and is expected to grow at a CAGR of 4.13% during the 2022-2031 forecast period.
Oxygen-free copper is a collection of forged copper alloys, which is called the absence of oxygen in copper. Yes, it is purified by an electrolytic process. The electrolytic refining process is carried out to minimize the oxygen level of copper to less than 0.001%. Oxygen-free copper is highly conductive and has high chemical purity. Therefore, oxygen-free copper is highly regarded and is practically deployed in industrial applications such as the manufacture of semiconductors and superconductors. It is also used in high vacuum devices such as particle accelerators that contain plasma deposits.
Increasing demand for oxygen-free copper from the automotive sector, surges in demand for high-quality materials in the aerospace, defense and transportation industries, and the evolution of electrical equipment will drive the growth of the oxygen-free copper market during the forecast period. It is a major factor. In addition, growing concerns about environmental pollution and rising e-commerce, which leads to higher demand for electronic products in China and India, are also contributing to the growth of the oxygen-free copper market. However, the high cost of copper and the increased availability of electrolytic tough pitch (ETP) copper as an alternative could curb the growth of the oxygen-free copper market between 2022 and 2031.
Oxygen-free copper market segment
The oxygen-free copper market is classified by grade (Cu-OF and Cu-OFE), product type (wires, strips, bus bars and rods, etc.), and end-use industry (electronics / electricity, automobiles and others). , And are divided by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.
Based on grade, the Cu-OF segment holds the largest share of the oxygen-free copper market. Cu-OF (C10200) is a 99.95% pure copper grade with an oxygen content of 0.001%. Its conductivity rating is comparable to Electrolytic Tough Pitch (ETP) with an IACS electrical conductivity of at least 101%. This usually has a melting point of 19,810 degrees Fahrenheit for the liquid and solid phase lines. Its density is 8.94 g / cm3. It is used in innovative scientific instruments such as electromagnets, magnetometers and other superconductors. These factors contribute to the growth of this segment.
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Regional Overview of the Oxygen Free Copper Market
In addition, the report covers all regions of the world, divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa and more. The Asia Pacific region is a major contributor to the growth of the oxygen-free copper market. This is due to the fastest socio-economic development in the region. In addition, the region is a potential market for electronic and electrical and automotive growth and demand, among other industries. In addition, improved living standards and increased purchasing power, primarily in developing countries, will accelerate the growth of the oxygen-free copper market. In addition, the significant increase in the number of electronic devices such as mobile phones, smart devices, laptops and televisions around the world is driving demand for products and driving the growth of the oxygen-free copper market.
For further analysis, each region is further subdivided into countries:
· Asia Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Singapore, and other Asia Pacific)
· North America (US and Canada)
· Middle East and Africa (Israel, GCC [Saudi Arabia, Arab Emirates, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Other Middle East and Africa)
· Latin America (Brazil, Mexico, Argentina, Other Latin America ) )
· Europe (UK, Germany, France, Italy, Spain, Hungary, Belgium, Netherlands, Luxemburg, NORDIC, Poland, Turkey, Russia, and other Europe)
Details of the survey report
The oxygen-free copper market Major players in the oxygen-free copper market Key players include SH Copper Products Co., Ltd., Sam Dong America Inc., National Bronze & Metals, Inc., KGHMPolska Miedź SA, Aviva Metals Inc., KME Mansfeld GmbH, Hussey Copper Ltd., Citizen Metalloys Limited, Luvata and Copper Braid. There are Products and so on. The study includes a detailed competitive analysis of these major companies in the oxygen-free copper market, corporate profiles, recent developments, and key market strategies.
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