Oxygen-Free Copper Market, by Grade (Cu-OF, Cu-OFE), Product Form (Wire, Strips, Busbar & Rod, Others), End-use Industry (Electronics & Electrical, Automotive, Others) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
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Oxygen-Free Copper Market Overview
The global Oxygen-Free Copper market size is projected to reach USD 26 billion by 2026 at a CAGR of 5.6% from USD 20.5 billion in 2021 during the forecast period 2021-2028.
Oxygen-free copper (OFC) also known as oxygen-free high thermal conductivity (OFHC) copper is a class of copper alloys which are having high conductivity and are electrolytically refined. The solution usd the refining process is of copper sulfate and sulfuric acid.
With the surge in demand for increasing sale of electric vehicles along with strong demand for oxygen free copper are some of the factors that have supported long-term expansion for Oxygen-Free Copper Market.
The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Due to the closure of mines and reduced production of copper has declined the market.
Oxygen-Free Copper Market Regional Analysis
Asia Pacific is expected to be the largest market during the forecast period the surge in demand for electrically driven automobiles along with many the major end users located in the region have led to growth in the oxygen free copper in the region.
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Oxygen-Free Copper Market Competitive Landscape
Key Players
• KGHM Polska Miedz SA
• Hitachi Metals Neomaterials Ltd.
• Zhejiang Libo Holding Group
• Mitsubishi Materials Corporation
• Metrod Holdings Berhad
• Aviva Metal
• KME Germany GmbH
• Sam Dong
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Oxygen-Free Copper Market Recent Developments
• In February 2020, Mitsubishi Materials Corporation acquired 20% share stake in the Mantoverde copper mine from Mantos Copper Holding SpA and participate in the Mantoverde Development Project.
• In December 2019, the three companies signed an agreement, namely JX Nippon Mining & Metals, Mitsui Mining and Smelting Co., Ltd., and Pan Pacific Copper Co., Ltd. In order to revise their joint structure for copper operations as of April 2020.
Regional Level Scope
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa
Country Level Scope
• U.S
• Japan
• Germany
• U.K
• China
• India
• Brazil
• UAE
• South Africa
Oxygen-Free Copper Market Reasons to Acquire
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Oxygen-Free Copper market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
The Oxygen-Free Copper Market report answers a number of crucial questions, including:
What are the years considered to study Oxygen-Free Copper Market?
What is the compound annual growth rate (CAGR) of the Oxygen-Free Copper Market?
Which region holds the largest market share in Oxygen-Free Copper Market?
Which region is the fastest growing in Oxygen-Free Copper Market?
Who are the major players in Oxygen-Free Copper Market?
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Market definition of the Global Oxygen-Free Copper Market along with the breakdown of different prompting factors like drivers, limitations, and opportunities. Broad research on the competitive landscape of international Oxygen-Free Copper Market. Documentation and study of local and global factors that will affect the market's development. A complete catalogue of key market players working in the Global Oxygen-Free Copper Market. Also, it gives an examination of the different market segmentation, by type, by size, by applications, by region, and by end-users. It provides a descriptive survey of demand-supply chaining in the Global Oxygen-Free Copper Market.
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