Global Oxygen Free Copper Market, End User (Electronics & Telecommunication, Power Industry, General Engineering & Fabrication, Consumer Durables, and Others), By Form (Bars, Wire Rods, Tubes & Pipes, and Flat and sheet), By Geography (North America, Europe, Asia-Pacific, and Rest of the World) - Analysis and Forecast Till 2020
The global consumption of oxygen free copper, along with their end products, had witnessed a significant growth due to rising demand from infrastructure sector.
Oxygen free copper (OFC) is one of the purest form of copper available for different industrial and commercial applications. This alloy has excellent material properties like superior elongation and good corrosion-resistance. It is used in manufacturing coaxial cables and communication cables for the telecommunication industry. The rising investments for telecommunication infrastructure will support the demand for oxygen free copper products. OFC manufacturers are engaged in research and development of new products which has led to growing application in other industries.
In the past few years there has been a growing demand for oxygen free copper products for high vacuum devices, heat exchangers and refrigeration products. This growth momentum is likely to sustain for the next five years on account of rising demand from new projects in infrastructure and energy sector. OFC are used in gas hydro power projects and nuclear power projects.
The demand for oxygen free copper is expected to grow at a CAGR of X.X% within the next five years due to increasing adoption of pure copper in end user industry. The significant growth in sales of electronic products, new power and infrastructure projects, are expected to positively contribute to the growth of oxygen free copper market.
Engineering and fabrication segment also remains one of the important consumers of oxygen free copper. This alloy offers strong welding and brazing characteristics for which it is used in the critical tooling, engineering and fabrication activities. Manufacturers are engaged in product testing, for ensuring the safety standards of OFC in different fabrication applications, including both hot working and cold working forms. The demand from these applications will certainly lead to the growth of the market in the coming years.
This report covers the competitive scenario of the top players in the global oxygen free copper market, which has been discussed in detail. The report has also profiled leading players of this market along with their recent developments and other strategic industry-related activities. The key players operating in this market are Luvata, Aurubis AG, Metrod Holdings, Global Metals, Southern Copper, United States Brass & Copper, Lucas Milhaupt, Eastern Copper, Univertical, Hussey Copper, Tamra Dhatu Udyog Pvt. Ltd and others.
Scope of the Report:
This research report categorizes the global market for oxygen free copper on the basis of applications in the end user industries, form and geography. It also provides forecasts for volume and value, and analyzes trends in each of the submarkets.
Global Oxygen Free Copper Market, By End User:
- Electronics & Telecommunication
- Power Industry
- General Engineering & Fabrication
- Consumer Durables
Global Oxygen Free Copper Market, By Form:
- Wire Rods
- Tubes & Pipes
- Flat and sheet
Global Oxygen Free Copper Market, By Geography:
- North America
- Rest of the World
New technological and product developments is expected to drive the demand for global oxygen free copper market at a rapid pace in the next five years. This growth is mainly attributed to a robust demand from end user industries. The market is estimated to reach $ XXX.X million in 2020, at a CAGR of X.X% during the forecast period 2015-2020.
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