PUNE, India, March 30, 2017 /PRNewswire/ --
The report "Oxygen-Free Copper Market by Grade (Cu-OF, Cu-OFE), Product Form (Wires, Strips, Busbars & Rods), End-Use Industry (Electronics & Electrical, Transportation), Region - Global Forecast to 2021", published by MarketsandMarkets, the market is projected to reach USD 18.35 Billion by 2021, at a CAGR of 4.4% from 2016 to 2021.
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Browse 117 market data Tables and 41 Figures spread through 141 Pages and in-depth TOC on "Oxygen-Free Copper Market"
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The increase in demand for oxygen-free copper from the electronics & electrical industry to achieve high conductivity is propelling the growth of this market.
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Electronics & electrical segment is one of the fastest-growing segment of the global oxygen-free copper market
The electronics & electrical end-use industry segment is estimated to account for the largest share of the oxygen-free copper market in 2016, and is projected to be the fastest-growing segment from 2016 to 2021. The growth is mainly attributed to the increasing use of electronics products in the Asia-Pacific and North America regions.
Cu-OF grade of oxygen-free copper is anticipated to grow at the highest CAGR from 2016 to 2021
The Cu-OF segment is anticipated to grow at the highest CAGR in the global oxygen-free copper market from 2016 to 2021. Cu-OF is 99.95% pure copper with 0.001% oxygen content. Its conductivity rating is equivalent to electrolytic tough pitch (ETP) with minimum 100% conductivity. It is used in cutting-edge scientific equipment, such as magnetometers, electromagnets, and other superconductors. The increase in the use of Cu-OF in electronics & electrical industry in China and India is expected to drive the growth of the Cu-OF segment.
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Asia-Pacific is the largest market for the oxygen-free copper in 2016
Asia-Pacific is the largest region for Oxygen-Free Copper Market in 2016. This can be attributed to the increasing demand from the electronics & electrical end-use industry, which accounts for the largest share in the global market. The growth in the e-commerce leading to a high demand for electronic goods in China and India is also a major growth driver for the oxygen-free copper market.
Key players operational in the market include Citizen Metalloys Limited (India), KGHM Polska MiedŸ S.A. (Poland), Luvata (U.K.), National Bronze & Metals, Inc. (U.S.), Sam Dong America (South Korea), SH Copper Products Co., Ltd. (Japan), Zhejiang Libo Holding Group Co., Ltd. (China), Mitsubishi Materials Corporation (Japan), Pan Pacific Copper Co., Ltd. (Japan), Watteredge LLC (the U.S.), Freeport-McMoRan Inc. (the U.S.), KME Germany GmbH & Co KG (Germany), Wieland-Werke AG (Germany), Cupori Oy (Finland), and Metrod Holdings Berhad (Malaysia), among others.
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