New York, September 10, 2021 (GLOBE NEWSWIRE) – Oxygen-free copper market overview: According to the comprehensive research report of Market Research Future (MRFR), “The oxygen-free copper market research report information is classified by level (oxygen-free electronics, oxygen-free) , By-products (busbars and poles, wires, belts), end users (electronics and electrical, automobiles) are predicted by 2030, “By 2030, the market size is expected to reach 32 billion U.S. dollars, and the registration forecast period (2021-2030) The annual growth rate is 6.1%, and the market value in 2020 is 19.25 billion US dollars.
The global oxygen-free copper market is integrated, and a few global, regional and local competitors control most of the market share.
In order to gain a competitive advantage over other participants, manufacturers mainly rely on acquisitions, joint ventures, and alliances with important stakeholders. In addition, in order to gain a greater global market share, companies are increasingly paying attention to strategic alliances with stakeholders and expanding production capacity. In addition, due to the global coronavirus outbreak, global market demand has declined.
Oxygen-free copper (OFC), also known as oxygen-free conductive copper, is an electrolytically refined hammered copper alloy with an oxygen content of less than 0.001%. Oxygen-free copper has abnormal magnetic properties and can be used in various industries, including electrical and semiconductor, automotive, thermal and optical, etc. Oxygen-free copper is a unique material with excellent inherent characteristics such as excellent thermal conductivity and electrical conductivity, flexibility, fatigue strength, compressive strength, minimal vacuum chamber instability, and ease of welding.
Browse the in-depth market research report on the oxygen-free copper industry (449 pages) https://www.marketresearchfuture.com/reports/oxygen-free-copper-market-10547
Due to its superior thermal and electrical conductivity, oxygen-free copper is becoming more and more popular in the electrical and electronic industries. It is commonly used in electrical and electronic applications such as printed circuit boards (PCBs), semiconductors, and superconductors, and these reasons are expected to drive the expansion of the global oxygen-free copper market. In addition, the expanding range of applications in various industries, as well as the growing electrical and electronic industries in emerging economies, are expected to provide important growth opportunities during the evaluation period. The booming development of electronic products, environmental issues and e-commerce in China and India, as well as the ever-expanding demand for products in the automotive industry, the ever-expanding demand for high-strength materials in the aerospace, military, and automotive industries, and the advancement of electronic products, environmental issues, and Both China and India’s booming e-commerce are driving market expansion.
High processing costs and the emergence of viable alternatives, such as electrolytic tough pitch (ETP) copper, are expected to stifle global market growth.
The high cost of copper and the global coronavirus epidemic are expected to limit the growth of the studied market.
The global oxygen-free copper market is divided into four categories: grade, product, end user and region. The global market is further divided into oxygen-free (OF) and oxygen-free electronics (OFE) according to the grade. The oxygen-free (OF) category has the largest proportion of the oxygen-free copper market and is expected to grow at the fastest rate throughout the forecast period.
The global oxygen-free copper market is divided into electronics and electrical appliances, automobiles, etc. according to end users. Due to the widespread use of oxygen-free copper in electrical and mechanical applications such as printed circuit boards (PCBs), semiconductors, and superconductors, the electronics and electrical categories accounted for the largest market share in terms of volume and value in 2019.
Research shows that the global oxygen-free copper market is divided into Asia-Pacific, Europe, North America, the Middle East and Asia, and Latin America.
The Asia-Pacific region has the largest market share in this field and is also the fastest growing market in the world. This is mainly due to the explosive growth of businesses such as electrical and electronics and automobiles. Developing economies such as India, China, Singapore and Thailand provide a lot of room for growth.
In Europe, the demand for the oxygen-free copper market is mainly driven by the existing automotive industry, increased production of electric vehicles, technological advantages and mature companies.
Due to the development of the automotive, electrical and electronic industries, North America has achieved significant growth in the global market.
In the Middle East and Africa, the growing automotive industry and the demand for electric vehicles have driven the increase in market demand. The growing automotive industry in the region, especially in Brazil and Mexico, may drive large demand for oxygen-free copper throughout Latin America.
Oxygen-free copper market research report information according to grade (oxygen-free electronics, oxygen-free), by-products (bus bars and poles, wires, belts), according to end users (electronics and electrical, automobiles) forecast to 2030
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