Kolkata News Today

Oxygen Free Copper Bars Market Size Expected to Reach USD 5.5 Billion with CAGR of 5.6% by 2027 – IndustryARC

 Breaking News
  • No posts were found

Oxygen Free Copper Bars Market Size Expected to Reach USD 5.5 Billion with CAGR of 5.6% by 2027 – IndustryARC

September 17
03:05 2022
Oxygen Free Copper Bars Market Size Expected to Reach USD 5.5 Billion with CAGR of 5.6% by 2027 - IndustryARC
Market Research Reports, Business Consulting Services & Analytics
Oxygen Free Copper Bars are majorly used in making particle accelerators components, and the regulations imposed by government organization on such device to reduce radioactive waste can also restrict usage of oxygen free copper bars. This can hamper the growth of global Oxygen Free Copper Bars Market.

Global Oxygen Free Copper Bars Market size is estimated to reach US$5.5 billion by 2027, after growing at a CAGR of 5.6% from 2022-2027. Oxygen free copper bars are high conductive copper alloys which are produced by melting copper in the presence of carbon or carbonaceous gases to reabsorb oxygen. They are of three types namely oxygen-free electronic, oxygen free high conductive and electrolytic tough pitch. The bars due to their rich electrical & mechanical properties have high applicability in electronic, automotive, construction and telecommunications sector, and are majorly used in plasma deposition process for making semiconductors components. Factors like increase in consumption of semiconductors from end users, growing production of electric vehicles, increase in residential construction and high consumption of electric devices like cell-phones are driving the growth of global oxygen free copper bars market.The Oxygen Free Copper Bars Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

 

Competitive Landscape:

The top 5 players in the Oxygen Free Copper Bars industry are –

1. Mitsubishi Materials Corporation

2. Copper Braid Products

3. Avia Metals

4. Hitachi Metals Neomaterials

5. Citizen Metalloys Limited

Interested in knowing more relevant information? Click here:

https://www.industryarc.com/pdfdownload.php?id=511436

 

Segmental Analysis:

1. Electrolytic tough pitch is used in semiconductor and transistors components of cars, while as busbar it is used for high current power distribution in houses. The increase in the productivity in automotive and construction sector will lead to more usage of electrolytic tough pitch copper bars for electrical application, which will boost growth of global oxygen free copper bars industry.

2. Increase in usage of semiconductor has positively impacted the demand for oxygen free copper bars. For instance, according to World Semiconductor Trade Statistics, the global sale of the semiconductor industry in 2020 stood at US$ 439 billion dollars showing a 6.5% increase as compared to the 2019 i.e., US$ 412.3 billion. The increase in consumption of semi-conductors will lead to more usage of oxygen free copper bars for semiconductor manufacturing. This will boost the growth of global oxygen free copper bars industry.

3. According to National Bureau of Statistics, in 2021, China’s semiconductor production output surged 33% i.e., double the growth rate of 16% in 2020. Oxygen free copper bars are used in automotive radiators, transistors and rectifiers, and they are used to make semiconductor components through plasma deposition process. The increase in productivity of automotive & electronics sector will lead to more usage of oxygen free copper bars in them, which will positively impact the growth of global oxygen free copper bars industry.

Report Coverage

Report Attributes

Details

By Thickness

Fruits, Vegetables, Grains And Seeds, Herbs And Roots and Others

 

By Type

Bakery And Confectionery, Snacks, Beverages and Others.

 

By Packaging Type

Crates, Boxes, Cartons

By Shapes

 Flat, Rectangular, Square, Hexagonal

By Application

Metal Forming, Automotive Radiators, Electronics Components & Fittings, Flashlights, Connectors, Hardware , Microwave Tube, Bus Bars, Transistor Components

By End User 

Automotive, Electronics, Construction , Medical, Telecommunications

 

By Geography

North America, Europe, Asia-Pacific, South America and Rest of World

 

Get more detailed information about these segments in the report. Buy it here:

https://www.industryarc.com/reports/request-quote?id=511436

 

Market Drivers and Challenges:

1. Growing demand for E-vehicles: Growing technological advancements and high demand for pollution free vehicles has increased the consumption of electric vehicles.Semiconductor forms the heartbeat of electric vehicles as they determine the whole performance of electric system in vehicle and are necessary for batteries. Oxygen free copper bars are rich in chemical purity and electrical conductivity due to which they are used in plasma deposition process for making components of semiconductor.

2. Growing Residential Construction: Oxygen free copper bars is majorly used in making busbars which as a conductor is used for high current power distribution. Hence, such devices due to their high electric conductivity are majorly used in large residential buildings for power distribution. The growing level of housing projects has positively impacted the demand for busbar.

3. Stringent Government Regulation: Oxygen free copper bars due to their rich mechanical and electrical properties are used to make components of particle accelerators machines, which are used in radiation research, semiconductor production, and oil & gas drilling. However, particle accelerators can pose hazards as they emit ionizing radiation while they are operating and can produce radioactive waste.

Why IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. Get detailed report on preferred market as per your specific requirements and our research experts would customize the report for you.

Email: [email protected]

USA: (+1) 614-588-8538,  (+1) 815-656-4596

 

Similar Reports:

A. Copper Abietate Market

https://www.industryarc.com/Research/Copper-Abietate-Market-Research-501674

B. Global Copper Alloy Bar Market

https://www.industryarc.com/Research/Global-Copper-Alloy-Bar-Industry-Market-Research-511834

Media Contact
Company Name: IndustryARC
Contact Person: Mr. Venkat Reddy
Email: Send Email
Phone: (+1) 970-236-3677
Address:Madhapur
City: Hyderabad
Country: India
Website: https://www.industryarc.com/Research/Global-Oxygen-Free-Copper-Bars-Industry-Market-Research-511436