Oxygen free copper market industry growth forecast from 2016 to 2024
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Upgrading living standards and increasing purchasing power of people, mostly in the developing economies, will propel the oxygen free copper market. The tremendous growth in the number of electronic gadgets such as cell phones, smart devices, laptops, and television sets across the globe is increasing the product demand.
Global electronics industry is growing at a steady rate of about 5% CAGR and was valued at approximately 1.3 trillion in 2013. Cell phones occupy a substantial share of the oxygen free copper market and this trend will continue in the future.
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Passenger car sales increased to about 69 million units in 2016 from approximately 56 million units in 2010 while heavy & medium weight commercial vehicles sales increased from around 19 million in 2010 to more than 24 million in 2016 and this trend will propel the oxygen free copper market in the coming years. The ongoing research in the field of vacuum devices such as particle accelerators, where the product finds its use, will also provide growth opportunities for oxygen free copper market in the future.
Oxygen free copper market end users are electronics & electrical industries, automotive industries and others. Electronics and electrical industry has a significant share and will flourish in the future owing to the product’s usage in this field and growing electronics industry in the Asia Pacific region. Product use in the automotive industry will likely increase during the forecast period due to the significant growth in global automotive sales.
The Oxygen Free Copper Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Oxygen Free Copper Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Oxygen Free Copper Product Insights
5. Oxygen Free Copper Application Insights
6 Oxygen Free Copper Regional Insights
7. Competitor Profiles
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North America also has a fair share of the oxygen free copper market owing to the high standard of living of people in the U.S. and Canada which creates robust demand for electronic gadgets. This trend will likely continue in the forecast years. The products demand in Europe and Latin America will grow at a steady pace during the forecast period.
Key players in the oxygen free copper market are National Bronze & Metals, Inc, Citizen Metalloys Limited, SH Copper Products Co. Ltd., Mitsubishi Materials Corporation, KGHM Polska MiedY SA, KME Germany GmbH, Luvata, Freeport-McMoRan Inc, Metrod Holdings Berhad, Pan Pacific Copper, Sam Dong America, Cupori Oy, Wieland-Werke AG, Zhejiang Libo Holding Group, and Watteredge LLC.
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About Global Market Insights, Inc.
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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