Global Oxygen-Free High Thermal Conductivity (OFHC) Copper Market By Shape Type (Bar, Pipe, Plates, Other Types), By Application (Automotive, Electronics, Industrial, Other Applications), By Region and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Oxygen-free High Thermal Conductivity (OFHC) Copper Market Overview:

The Global Oxygen-free High Thermal Conductivity (OFHC) Copper Market is projected to be USD 18.7 billion in 2021 to reach USD 31.6 billion by 2032 at a CAGR of 4.9%.

Most of the high-conductivity copper grades contain some amount of oxygen as a result of the refining process, associated with copper extraction and purification. But there are a few applications that require high-conductivity copper with the lowest levels of oxygen; this type of copper is known as oxygen-free high-conductivity copper (OFHC).

Basically, there are two types of oxygen-free high conductivity copper available. One with a purity level of 99.95%, which is known as Cu-OF, and the other one with a purity level of 99.99%, which is known as Cu-OFE (oxygen-free electronic). The higher purity Cu-OFE (oxygen-free electronic) contains 99.99% copper with silver removed, and oxygen up to 0.0005%.

Oxygen-free high conductivity copper has wide applications in various industries and is used for microwave tubes, vacuum capacitors, vacuum interrupters, vacuum seals, vacuum tubes for radio and TV transmitters, magnetrons, and klystrons.

Oxygen-free high-conductivity copper has various properties, which make it suitable for various end-use applications, such as good tensile strength, elongation ability, and good electrical and thermal conductivity.

The market for oxygen-free high-conductivity copper (OFHC), is expected to witness robust growth in the forecast period owing to the development of end-user industries of oxygen-free high-conductivity copper. Also, the market is anticipated to grow because of the innovative novel technologies that use oxygen-free high conductivity copper.

Global Oxygen-free High Thermal Conductivity (OFHC) Copper Market Revenue (US$ Mn), 2018–2028

An increasing number of passenger cars, heavy & medium weight commercial vehicles, and other vehicles across the globe is expected to drive the growth of the global oxygen-free high thermal conductivity market in the forecast period.

The increasing penetration of smartphones, laptops, tablets, and other electronic gadgets in emerging countries is another factor supporting global market growth. In addition, increasing funding and R&D activities for research related to magnetometers, electromagnets, and other superconductors is expected to fuel the growth of the global oxygen-free high thermal conductivity market.

However, stringent government regulations regarding the mining of metals and increasing awareness about the harmful effects of the copper furnace and mining may affect the growth of the oxygen-free high thermal conductivity (OFHC) copper market adversely. In addition, limited product advertising and marketing due to few or limited applications of oxygen-free high thermal conductivity copper result in low market penetration.

Global Oxygen-free High Thermal Conductivity (OFHC) Copper Market by Formulation, 2018

On the basis of shape type, the market is segmented into bars, pipes, plates, and other types. Other types of OFHC copper account for the majority share in the global oxygen-free high thermal conductivity (OFHC) copper market, followed by bar type.

On the basis of region, the market is segmented into North America, Europe, APAC, South America, and MEA. Asia Pacific accounts majority share in the global oxygen-free high thermal conductivity (OFHC) copper market.

The research report on the global oxygen-free high thermal conductivity (OFHC) copper market includes profiles of some of the major companies such as Mitsubishi Materials Corporation, KGHM Polska Miedz SA, Southwire Company, LLC, Pan Pacific Copper Co., Ltd., Copper Braid Products, Farmer’s Copper Ltd., Sam Dong Co., Ltd., etc.

Oxygen-free High Thermal Conductivity (OFHC) Copper Market Drivers:

The Oxygen-free High Thermal Conductivity (OFHC) Copper market is driven by several factors, including increasing demand from the electronics and electrical industries, technological advancements in the manufacturing sector, and growing demand for high-performance materials.

The electronics industry is a significant driver of the OFHC copper market, as metal is widely used in the production of high-end electrical components, including wires, connectors, and other electronic devices.

Technological advancements in the manufacturing sector have led to the developing of new and improved applications for OFHC copper, further driving demand. Additionally, the growing demand for energy-efficient products and systems has increased the demand for materials with high thermal conductivity, such as OFHC copper. With the increasing demand for these materials, the OFHC copper market is expected to grow in the coming years.

Key Market Segments:

Type

• Bar
• Pipe
• Plates

Application

• Automotive
• Electronics
• Industrial
• Other Applications

Key Market Players included in the report:

• Mitsubishi Materials Corporation
• KGHM Polska Miedz SA
• Southwire Company
• LLC
• Pan Pacific Copper Co. Ltd.
• Copper Braid Products
• Farmer’s Copper Ltd.
• Sam Dong Co. Ltd.

For the Oxygen-free High Thermal Conductivity (OFHC) Copper Market research study, the following years have been considered to estimate the market size: