The oxygen-free copper market is expected to grow from $19.9 billion in 2020 to $25.9 billion in 2025 with a CAGR of 5% over the forecast period. The oxygen-free copper market has grown considerably in recent years due to the growth of the global electronics and electrical and automotive industries. Along with the development of the electronics market in emerging economies such as China, Brazil and India, the increasing demand for high-quality materials in the aerospace, defense and transportation industries has accelerated the market growth. However, unstable raw material prices and high oxygen-free copper processing costs hold back the market growth.
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Key Market Players
The oxygen-free copper market is dominated by a few globally established players, such as 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), among others.
Oxygen-Free Copper Market Segmentations
Based on Grade:
• Cu-OF
• Cu-OFE
Based on the Product Form
• Wire
• Strips
• Busbar & Rod
• Others
Based on the End-Use Industry
• Electronics & Electrical
• Automotive
• Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
