Global Oxygen Free Copper Market 2017-2021
About Oxygen Free Copper
Oxygen free copper (OFC), also referred to as oxygen free high conductivity (OFHC) copper, refers to a group of copper alloys (wrought high conductivity) that are electrolytically refined for the reduction of oxygen levels to a bare 0.001% or below. Oxygen free copper is manufactured in equipment that sustains the molten metal that has been protected from exposure or contact with air during the process of oxygen content removal. The cathode copper that is selected is directly converted into required cast shapes, thereby eliminating the contamination of electrolytic copper in pure form. This production process ensures a high-quality metal containing copper in the range 99.95%-99.99%. Oxygen free copper demonstrates the properties of pure copper and is available in many forms, including profiles, strip, bar, sheet, rod, plate, wire, and tube.
Technavio’s analysts forecast the global oxygen free copper market to grow at a CAGR of 4.27% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global oxygen free copper market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of oxygen free copper.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Oxygen Free Copper Market 2017-2021
Technavio recognizes the following companies as the key players in the global oxygen free copper market: Citizen Metalloys, Freeport-McMoRan, KGHM Polska Miedź, Mitsubishi Materials, National Bronze & Metals, and SAM Dong America.
Other Prominent Vendors in the market are: Cupori, KME Germany, Pan Pacific Copper, Shcopper, Wieland-Werke, and Zhejiang Libo Holding Group.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing use of golden RCA jacks with oxygen free copper cables. The global oxygen free copper market has witnessed an increased use of RCA jacks with oxygen free copper cables. An RCA jack is also referred to as a phono connector or an RCA plug and consists of a circular and small hole. It is ringed with metal in electronic devices, such as audio and video players, digital media players, video cameras/camcorders, turntables, game console systems, and others.”
According to the report, one of the major drivers for this market is Increasing demand in specific electronic equipment. One of the major reasons for the increasing demand for oxygen free copper is the efficiency of OFHC in powerful and specialist electronic equipment, including those used in the generation of microwaves. Microwaves refer to the invisible, short wavelength, and super-energetic radio waves used in radar navigation equipment and microwave ovens. Microwaves comprise a magnetron, at the heart of which is a ring shaped OFHC copper cathode that emits and vibrates microwaves in a vacuum pertaining to an anode. The microwaves are then channeled using an OFHC waveguide, either into the cooking compartment connected to the microwave oven or are beamed out by a satellite or an antenna into the air in radar equipment.
Further, the report states that one of the major factors hindering the growth of this market is Fluctuations in price of copper. The price of oxygen free copper is dependent upon the price of copper as a metal. Furthermore, the price of copper is determined by the capacity of suppliers to extract the metal and transport it to cater to the demands of end-users. Other factors that influence the price of copper include economic growth, interest rates, availability of substitutes of copper, and political considerations. The rising prices of copper could lead to increased use of substitute metals, such as aluminum, in electrical equipment, power cables, and refrigeration tubes.
Citizen Metalloys, Freeport-McMoRan, KGHM Polska Miedź, Mitsubishi Materials, National Bronze & Metals, SAM Dong America, Cupori, KME Germany, Pan Pacific Copper, Shcopper, Wieland-Werke, and Zhejiang Libo Holding Group.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook