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), 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 to 2028.
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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.
Key Players of Oxygen-Free Copper Market
· 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
Oxygen-Free Copper Market is Segmentation;
On the basis of Grade
· Cu-OF
· Cu-OFE
On the basis of End-User Industry
· Electronics & Electrical
· Automotive
· Others
On the basis of Product Form
· Wire
· Strips
· Busbar & Rod
· Others
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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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.
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.
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