Lucintel Forecasts the Global Oxygen-Free Copper Market to Reach $23.9 billion by 2030
Lucintel Forecasts the Global Oxygen-Free Copper Market to Reach $23.9 billion by 2030
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According to a market report by Lucintel, the future of the global oxygen-free copper market looks promising with opportunities in the electronic & electrical and automotive markets. The global oxygen-free copper market is expected to reach an estimated $23.9 billion by 2030 from $17.6 billion in 2024, at a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are rising electric car sales and growing demand for this product in various industries, such as electronics and electrical, automotive, aerospace, and construction.
A more than 150-page report to understand trends, opportunity and forecast in oxygen-free copper market to 2030 by grade (cu-OF and Cu-OFE), product form (wire, strip, busbar & rod, and others), end use (electronics & electrical, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that strip is expected to witness the highest growth over the forecast period due to its growing demand from gas hydropower plants, industrial chillers, heat exchangers, discrete components, transistors, and integrated circuits.
Within this market, electronic & electrical will remain the largest segment due to substantial usage of oxygen-free copper in this sector given to its properties, such as high electrical & thermal conductivity and resistance to hydrogen embrittlement during brazing.
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APAC will remain the largest region over the forecast period due to continual population growth, rising government initiatives towards promotion of electronics and automobile industries, and presence of major producer and consumer of oxygen-free copper in the region.
KGHM Polska Miedz, Hitachi Metals Neomaterials, Zhejiang Libo Holding, Mitsubishi Materials, Metrod Holdings Berhad, Aviva Metals, KME Germany are the major suppliers in the oxygen-free copper market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected] To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056
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