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The oxygen-free copper market is projected to grow from USD 19.9 billion in 2020 to USD 25.9 billion by 2025, at a CAGR of 5.3% during the forecast period.
The oxygen-free copper market has grown considerably in recent years owing to the growth in the electronics & electrical and automotive industries worldwide. The rising demand for high-quality materials in the aerospace, defense, and transportation industries along with the development of the electronics market in the emerging economies, such as China, Brazil, and India has accelerated the growth in the market.
In terms of value & volume, the Wire segment is projected to lead the oxygen-free copper market in 2019.
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New York, Jan. 25, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Oxygen-Free Copper Market by Grade, Product Form, End-use Industry, & Region - Global Forecast to 2025 - https://www.reportlinker.com/p05090292/?utm source=GNW
In terms of value & volume, Wire segment is projected to lead the oxygen-free copper market in 2019.
The wire segment is projected to lead the oxygen-free copper market, in terms of both value & volume, during the forecast period.Oxygen-free copper wires are most frequently used in high-end audio and video systems and for individual oxygen-free copper wiring custom assemblies.
Oxygen-free copper is used for speaker wires, audio/video cables, assemblies, and amplifier wires. Oxygen-free copper wires have advantages, such as higher conductivity and ability to transfer low-frequency sounds over normal copper wires.
Oxygen-Free Copper Market worth $25.9 billion by 2025 - Exclusive Report by MarketsandMarkets Oxygen-Free Copper Market by Grade (Cu-OF, Cu-OFE), Product Form (Wire, Strips, Busbar & Rod, Others), End-use Industry (Electronics & Electrical, Automotive, Others), & Region - Global Forecast to 2025 , published by MarketsandMarkets, the Oxygen-Free Copper Market is projected to grow from USD 19.9 billion in 2020 to USD 25.9 billion by 2025, at a CAGR of 5.3% during the forecast period.
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Increasing demand for oxygen-free copper from the electronics & electrical end-use industry, especially in the Asia Pacific region, is expected to drive the demand for oxygen-free copper in the near future. The requirement for high-quality copper with high elect
/PRNewswire/ According to the new market research report "Oxygen-Free Copper Market by Grade (Cu-OF, Cu-OFE), Product Form (Wire, Strips, Busbar & Rod,.