Oxygen Free Copper Market to Record an Exponential CAGR by 2025
Oxygen
free copper, also known as oxygen free high conductivity copper, is a
group of wrought copper alloys that are refined through electrolytic
process. Oxygen free copper exhibit high conductivity. Electrolytic
refining is done to lower the oxygen content to or below 0.001%.
Oxygen free copper is not only highly conductive, but also exhibits
high chemical purity. Therefore, it is highly valued and widely used
in industrial applications such as manufacture of semiconductors and
superconductors and high vacuum devices such as particle accelerators
that involve deposition of plasma. The usage of oxygen free materials
in such applications is important, as presence of oxygen or any other
impurity leads to undesirable chemical reactions with the materials
present in the surroundings. . Wires made up of oxygen free copper
exhibit higher conductivity, better ability to transfer low frequency
sounds, and durability etc.
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Therefore,
oxygen free copper is extensively used in the manufacture of high end
audio-visual systems. This includes manufacture of speaker wires,
audio-video connector cable assemblies, and amplifier wires. Growth
in automobile and electronic goods industries in developing countries
in Asia Pacific and need for infrastructural development in
underdeveloped areas are some of the factors driving the oxygen free
copper market. At the same time, copper wires possess a few
disadvantages such as poor binding properties and higher chances of
electrical interference leading to unclear audio signals. This gives
rise to the need for substitutes for better and more efficient
options. Furthermore, the high cost of copper is the major
disadvantage. As a result, fiber optic cables are being used as
substitutes in semiconductor devices.
Based
on application, the market for oxygen free copper can be segmented
into electronics & electrical semiconductors, superconductor
matrices, vacuum tubes, glass to metal seals, and power substations.
The electronics & electrical conductors industry is anticipated
to expand significantly during the forecast period primarily due to
the increasing demand for electronic semiconductor devices in
developing countries of Asia Pacific such as China, Japan, and India
owing to factors such as rising disposable income, improvement in
standard of living of the people in these countries, and industrial
and infrastructural development in the region. This is one of the key
factors boosting the electronics & electrical semiconductors
segment of the oxygen free copper market.
Geographically,
the oxygen free copper market can be divided into North America,
Latin America, Europe, Asia Pacific, and Middle East & Africa.
Asia Pacific is anticipated to dominate the market for oxygen free
copper during the forecast period due to the growth in automotive and
electronic goods industries in the region. Oxygen free copper is
employed extensively in these industries. Industrial, economic, and
infrastructural development leads to rise in disposable income and
improvement in standard of living of the people. This is a prominent
factor augmenting the automotive and electronic goods industries in
the Asia Pacific region, thereby propelling the demand for oxygen
free copper.
Key
players operating in the oxygen free copper market include Copper
Braid Products, Farmer’s Copper Ltd., Citizen Metalloys Ltd.,
Hussey Copper Ltd., Haviland Enterprises Inc., Heyco Metals Inc., and
Millard Wire & Specialty Strip Co.
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A
significant growth is anticipated in the electronics and electrical
semiconductor industry in Asia Pacific region, in the near future.
Countries such as China, Japan and India of the Asia Pacific region,
are an attractive market for oxygen free copper during the period of
forecast.
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