Oxygen-Free Copper Market Leader & New Revenue Pockets

The global oxygen-free copper market is anticipated to grow from USD 14.82 billion in 2016 to USD 18.35 billion by 2021, at a CAGR of 4.4% from 2016 to 2021. This growth can be attributed to the increasing demand for oxygen-free copper from applications such as electronics & electrical and transportation. Citizen Metalloys Limited (India), KGHM Polska Miedź 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 (U.S.), Freeport-McMoRan Inc. (U.S.), KME Germany GmbH & Co KG (Germany), Wieland-Werke AG (Germany), Cupori Oy (Finland), and Metrod Holdings Berhad (Malaysia) are some of the leading players operating in this market.

Download PDF Brochure of this Report at http://www.marketsandmarkets.com/pdfdownload.asp?id=196978298

The key players operational in the oxygen-free copper market are focusing on new product launches, agreements, expansions, acquisitions, and joint ventures to cater the increasing demand from various industries. These companies are also investing in R&D activities to strengthen their sales and distribution networks, enhance their market visibility, and strengthen their position in the oxygen-free copper market.

Mitsubishi Materials Corporation is one of the leading manufacturers of oxygen-free copper, globally. The company is focused on maintaining its position in the oxygen-free copper market by adopting strategies such as new product launches, expansions, and agreements. For instance, in September 2016, the company signed a share purchase agreement (SPA) to acquire the special products division of Luvata (U.K.), a manufacturer of processed copper products. This strategy will enable the company to grow and develop its copper processing business. In addition, it will strengthen the company’s global footprint, customer base, and portfolio for processed copper products.

MKM Mansfelder Kupfer und Messing GmbH is another key player in the oxygen-free copper market and has its presence in several regions across the globe. The company is focusing on new product launches to strengthen its market position. In November 2015, MKM Mansfelder Kupfer initiated the production of Conti-M, an oxygen-free copper strip (Cu-OFE). The company is the only producer of hot-rolled oxygen-free copper strip using continuous cast process. This copper finds applications in electronics & electrical engineering and vacuum systems engineering. This strategy helped the company expand its product portfolio and meet the consumer demand for hot-rolled copper strips. In August 2015, MKM Mansfelder Kupfer invested USD 1.3 million in a new production line for cast wire. This strategy helped the company increase its production capacity for specialty products and oxygen-free copper cast wire to 6,000 tons.

The global oxygen-free copper market is anticipated to grow from USD 14.82 billion in 2016 to USD 18.35 billion by 2021, at a CAGR of 4.4% from 2016 to 2021. This growth can be attributed to the increasing demand for oxygen-free copper from applications such as electronics & electrical and transportation.

Based on grade, the oxygen-free copper market has been classified into Cu-OF and Cu-OFE. Cu-OF is the fastest-growing grade segment of the oxygen-free copper market. The growth of the segment can be attributed to the increasing use of Cu-OF in electrical parts to increase performance and electrical conductivity.

Based on product form, the oxygen-free copper market is segmented into wires, strips, busbars & rods, and others. The strips segment is the fastest-growing segment owing to the increased use of oxygen-free copper strips in the electronic, transportation, and aerospace industries.

Based on end-use industry, the oxygen-free copper market is segmented into electronics & electrical, transportation, and others. The electronics & electrical segment is the fastest-growing segment owing to the increased use of high purity copper in electronic products by the major manufacturers to improve product performance. Apart from this, the growth in the electronics industry due to increasing population and per capita income in emerging economies such as China and India is expected to further drive the oxygen-free copper market.

The oxygen-free copper market in Asia-Pacific is expected to grow at the highest CAGR from 2016 to 2026. The growing demand for oxygen-free copper from both electronics & electrical and transportation industry is expected to drive the oxygen-free copper market due to the extensive usage of high purity copper by these industries in the region.