The report “Oxygen-Free Copper Market by Grade (Cu-OF, Cu-OFE), Product Form (Wires, Strips, Busbar & Rods), End-use Industry (Electronics & Electrical, Automotive), and Region (North America, Europe, APAC, MEA, South America) – Global Forecast to 2029“, size is projected to grow from USD 30.9 billion in 2024 to USD 40.4 billion by 2029, at a CAGR of 5.5% during the forecast period.
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• 299 Pages and in-depth TOC on “Oxygen-Free Copper Market – Global Forecast to 2029”
Some of the prominent key players are:
· KGHM Polska Miedz SA (Poland)
· Proterial Metals, Ltd. (Japan)
· Mitsubishi Materials Corporation (Japan)
· Metrod Holdings Berhad (Malaysia)
· Aviva Metals (US)
· Aurubis AG (Germany)
· Copper Braid Products (UK)
· KME Germany GmbH (Germany)
· Sam Dong (South Korea)
Opportunity: Strong demand from APAC region
The strong demand for oxygen-free copper in the Asia-Pacific (APAC) region presents a significant market opportunity. APAC, with countries like China, India, Japan, and South Korea at its forefront, has emerged as a major hub for electronics, electrical, and automotive industries. As these sectors continue to grow and innovate, the need for high-quality materials like oxygen-free copper is escalating. Additionally, the region’s shift towards Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs) further boosts the demand for oxygen-free copper in battery and electrical components. With its expanding manufacturing capabilities, skilled workforce, and abundant raw materials, APAC offers a lucrative market for oxygen-free copper producers and suppliers looking to capitalize on the region’s growth and demand.
The wires segment is expected to dominate the oxygen free copper market.
The wires segment holds the largest share in the oxygen-free copper market among wires, strips, busbars & rods, and others due to its widespread use across various industries. Wires are essential components in electrical and electronic applications, including power transmission, telecommunications, and automotive wiring. Their high electrical conductivity and reliability make oxygen-free copper wires the preferred choice for these critical applications, driving their dominant position in the market.
Asia Pacific region is the largest market for oxygen free copper.
The Asia-Pacific (APAC) region holds the largest share of the oxygen-free copper market due to several key factors. Countries like China, India, Singapore, Korea, and Japan serve as primary centers for the manufacturing and sale of Electric Vehicles (EVs). As the region witnesses a significant shift towards electric and hybrid electric vehicles (HEVs), the demand for high-quality, high-conductivity materials like oxygen-free copper has surged. These countries’ strong focus on EV production and adoption, coupled with their robust manufacturing capabilities, contribute to APAC’s dominant position in the oxygen-free copper market.