Global Oxygen Free Copper Market, By Grade (CU-OF and CU-OFE), By Product (Wires, Strips, Busbars and Rods, and Others), By End-User Industry (Electrical and Electronics, Automotive, Industrial, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis, and Forecast till 2029

Report Code: PMI444020 | Publish Date: December 2023 | No. of Pages: 147

Global Oxygen Free Copper Market Overview

Oxygen free copper, also known as oxygen free high conductivity copper, is a group of wrought copper alloys that are refined through electrolytic process. Oxygen free copper exhibit high conductivity. Electrolytic refining is done to lower the oxygen content to or below 0.001%. Oxygen free copper is not only highly conductive, but also exhibits high chemical purity. Therefore, it is highly valued and widely used in industrial applications such as manufacture of semiconductors and superconductors and high vacuum devices such as particle accelerators that involve deposition of plasma. The usage of oxygen free materials in such applications is important, as presence of oxygen or any other impurity leads to undesirable chemical reactions with the materials present in the surroundings. . Wires made up of oxygen free copper exhibit higher conductivity, better ability to transfer low frequency sounds, and durability etc. Therefore, oxygen free copper is extensively used in the manufacture of high end audio-visual systems. The global Oxygen Free Copper market accounted for US$ XX billion in 2019 and is estimated to be US$ XX billion by 2029 and is anticipated to register a CAGR of XX%.

Impact of COVID-19 on the market

The global electronics industry has faced a dual impact. The production facilities of the electronics parts have been halted owing to the logistics slowdown and unavailability of the workforce across the globe. On the other hand, various e-commerce companies all across the globe have discontinued the delivery of non-essential items (including most of the electronics products), which is affecting the electronics industry. Biopharmaceutical firms are at the leading position of the human response to the coronavirus pandemic. the biotech entities are investigating SARs-Cov-2 at an unprecedented rate and a significant amount of funds are being put into the R&D. With the several candidates in trial, the public and private sectors are expected to work in unison for the estimative period, until a vaccine is developed for Covid-19. This report will quantify the impact of this pandemic on the Oxygen Free Copper market.

Global Oxygen Free Copper Market Dynamics

Demand from Electrical and Electronics Industry

Oxygen-free copper is commonly used in manufacturing applications such as the manufacture of semiconductors and superconductors, and high-vacuum systems such as particle accelerators requiring plasma deposition. The use of oxygen-free materials is critical in these applications, as the presence of oxygen or some other impurity contributes to unwanted chemical reactions with the materials used in the system. Oxygen-free copper witnessing growth in consumption due to wide application in printed circuit boards, microwave tubes, vacuum capacitors, vacuum interrupters, vacuum seals, waveguides, and vacuum tubes for radio and TV transmitters and magnetrons. The exponential growth in the number of electronic gadgets across the globe, such as mobile phones, smart devices, tablets, and TV sets, is expected to drive the demand of oxygen free copper over the forecast period. All the aforementioned factors are expected to drive the oxygen free copper market during the forecast period.

Upgraded Living Standard

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. Oxygen free copper is extensively used in the manufacture of high end audio-visual systems. This includes manufacture of speaker wires, audio-video connector cable assemblies, and amplifier wires. Oxygen free copper is employed extensively in industries. Industrial, economic, and infrastructural development leads to rise in disposable income and improvement in standard of living of the people.

Conversely, the high cost of copper and the outbreak of coronavirus across the globe are anticipated to hamper the growth of the global oxygen free copper market during the forecast period.

Global Oxygen Free Copper Market Segmentation

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The global oxygen free copper market is segmented based on the grade, product, end-user industry, and region.

On the basis of the Grade, the global oxygen free copper market is segmented into CU-OF, CU-OFE. Based on product, the target market is distributed into wires, strips, busbars and rods, others. On the basis of end-user industry, the global market is classified into electrical and electronics, automotive, industrial, others.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

In the region, the global oxygen free copper market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific market is expected to be the largest and fastest-growing market over the forecast period owing to the increasing demand for electronic semiconductor devices in developing countries of the Asia Pacific such as China, Japan, and India. Demand for consumer devices, such as smartphones, PCs, laptops, and other medical electronics products, is growing rapidly through the Asia-Pacific region, with India and China projected to remain at the top of market growth. According to the Ministry of Industry and Information Technology (MIIT), China is the world’s largest producer of consumer electronics with more than 60% global share. In India, the FAME (Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles) scheme has been launched by the government to boost electric vehicle manufacturing, which aims to achieve production of around 7 million EVs (Electric Vehicles) by 2020. 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.

Report Scope:

Attribute

Details

The base year for estimation

2019

Forecast period

2019 – 2029

Market representation

Revenue in USD Million & CAGR from 2019– 2029

Market Segmentation

By Grade- CU-OF, CU-OFE

By Product- Wires, Strips, Busbars and Rods, Others

By End-User Industry- Electrical and Electronics, Automotive, Industrial, Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029.  For the purpose of this study, has segmented the global oxygen free copper market report based on grade, product, end-user industry, and region.

Global Oxygen Free Copper Market, By Grade:

  • CU-OF
  • CU-OFE

Global Oxygen Free Copper Market, By Product:

  • Wires
  • Strips
  • Busbars and Rods
  • Others

Global Oxygen Free Copper Market, By End-User Industry:

  • Electrical and Electronics
  • Automotive
  • Industrial
  • Others

Global Oxygen Free Copper Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Oxygen Free Copper Market Key Players

The key players operating in the global oxygen free copper market include Copper Braid Products, Hussey Copper, Aviva Metals, KGHM, KME Mansfeld GmbH, Citizen Metalloys Limited, Luvata, National Bronze & Metals, Inc., Sam Dong America, and SH Copper Products Co., Ltd.  The prominent players are constantly involved in the development of new or combination of product. Investment in R&D is one of the planned measures to beat the competition.For instance, in February 2019, KME SE informs that it has executed the agreement with European Acquisition Midco Limited, after fulfillment of the conditions precedent envisaged therein, and has therefore attained the acquisition of 100% indirect interest in MKM Mansfelder Kupfer und Messing GmbH ("MKM"), another major player in the European copper and copper alloys market.

Global Oxygen Free Copper Market Company Profile

  • Copper Braid Products
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Overview
    • Business Strategies
  • Hussey Copper
  • Aviva Metals
  • KGHM
  • KME Mansfeld GmbH
  • Citizen Metalloys Limited
  • Luvata
  • National Bronze & Metals, Inc.
  • Sam Dong America
  • SH Copper Products Co., Ltd.

 “*” marked represents similar segmentation in other categories in the respective section

Global Oxygen Free Copper Market Table of Contents

Research Objective and Assumption

  • Preface
  • Research Objectives
  • Study Scope
  • Years Considered for the study
  • Assumptions
  • Abbreviations

Research Methodology

  • Research data
  • Primary Data
    • Primary Interviews
    • Primary Breakdown
    • Key data from Primary Sources
    • Key Thickness Insights
  • Secondary Data
    • Major Secondary Sources
    • Secondary Sources
  • Market Estimation
  • Top-Down Approach
    • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
  • Bottom-Up Approach
    • Approach for estimating market share by Bottom-up Analysis (Demand Side)
  • Market Breakdown and Data Triangulation
  • Research Assumptions

Market Preview

  • Executive Summary
  • Key Findings—Global Outlook for medical carts Strategies
    • Key Questions this Study will Answer
    • Market Snippet, By Grade
    • Market Snippet, By Product
    • Market Snippet, By End-User Industry
    • Market Snippet, By Region
  • Opportunity Map Analysis
  • Executive Summary—3 Big Predictions

Market Dynamics, Regulations, and Trends Analysis

  • Market Dynamics
    • Drivers
    • Restrains
    • Market Opportunities
    • Market Trends
  • DR Impact Analysis
  • PEST Analysis
  • Porter’s Five Forces Analysis
  • Opportunity Orbit
  • Market Investment Feasibility Index
  • Macroeconomic Factor Analysis

 Oxygen Free Copper Market, By Grade, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • CU-OF
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • CU-OFE
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

Oxygen Free Copper Market, By Product, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Wires
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Strips
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Busbars and Rods
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

 Oxygen Free Copper Market, By End-User Industry, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Electrical and Electronics  
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Automotive
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Industrial
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

 Oxygen Free Copper Market, By Region, Forecast Period up to 10 Years, (US$ Bn)

  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Regional Trends
  • North America
    • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • U.S.
      • Canada
  • Europe
    • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • UK
      • France
      • Germany
      • Russia
      • Italy
      • Rest of Europe
  • Asia Pacific
    • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
      • India
      • Japan
      • South Korea
      • China
      • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Product, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-User Industry, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East

Competitive Landscape

  • Heat Map Analysis
  • Market Presence and Specificity Analysis

Company Profiles

  • Copper Braid Products.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hussey Copper
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Aviva Metals.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • KGHM
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • KME Mansfeld GmbH
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Citizen Metalloys Limited.  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Luvata.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • National Bronze & Metals, Inc.  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sam Dong America   
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • SH Copper Products Co., Ltd.  
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

The Last Word

  • Future Impact
  • About Us
  • Contact

FAQs

The oxygen free copper market accounted for US$ 31.1 billion in 2020 and is estimated to be US$ 49.5 billion by 2029 and is anticipated to register a CAGR of 5.3%

The market report has been segmented on the basis of grade, product, end-user industry, and region.

Increasing demand in electronics, electrical systems, and renewable energy applications, along with superior conductivity properties, drive the Oxygen Free Copper market.

High production costs, limited availability of raw materials, and challenges in fabrication processes contribute to restraints in the Oxygen Free Copper market.

North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa are considered regions in the Oxygen Free Copper market. Asia-Pacific is expected to dominate, driven by the robust electronics industry, infrastructure development, and increased demand for high-quality copper in the region.

The prominent player operating in the global oxygen free copper market includes Copper Braid Products, Hussey Copper, Aviva Metals, KGHM, KME Mansfeld GmbH, Citizen Metalloys Limited, Luvata, National Bronze & Metals, Inc., Sam Dong America, and SH Copper Products Co., Ltd.