Oxygen-free copper (OFC) is a type of high-purity copper that is used in various industries and applications. The OFC industry involves the production, refinement, and distribution of OFC products for use in industries such as electronics, electrical engineering, telecommunications, and others. The demand for OFC products is driven by the increasing demand for high-quality and reliable electrical conductors in various applications. The OFC industry is constantly evolving to meet the changing needs of the market and to improve the quality and performance of OFC products.
The Oxygen-Free Copper Market research report covers statistical overview on overall future prospects, demand scope, growth drivers, roadblocks and challenges, future opportunities forecast. The report focuses on the Oxygen-Free Copper Market size, share, segments, Key drivers, trends, restraints expert reviews. 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. 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.
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The key driving factors for the Oxygen-Free Copper (OFC) market are:
Increased demand for high-purity copper in the electronics industry, particularly for the manufacture of electronic components and printed circuit boards.
Growing demand for OFC in the electrical and energy sector, due to its high electrical conductivity and low resistance properties.
The increasing popularity of renewable energy sources and the need for electrical conductors in the production of solar panels and wind turbines.
The need for high-quality copper in the automotive industry for electrical systems, as well as in the aerospace and defense sectors.
Rising demand for OFC in the telecommunication sector, as it is used in the manufacture of optical fibers and cables.
Growing demand for OFC in the chemical and medical industries, due to its corrosion resistance and biocompatibility properties.
- 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)
- Sam Dong (South Korea).
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. The company also has an office located in China to cater to the demands from the region.
Oxygen-Free Copper Market Segmentation
This research report categorizes the oxygen-free copper market based on grade, product form, end-use industry and region.
By Grade:
- Cu-OF
- Cu-OFE
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.
By Product Form
- Wire
- Strips
- Busbar Rod
- Others
By End-Use Industry
- Electronics Electrical
- Automotive
- Others
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.
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By Region:
- North America
- Europe
- Asia Pacific
- Middle East Africa
- South America
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).
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