Oxygen Free Copper Industry Overview:
Oxygen-free copper, also called high-conductivity oxygen-free copper, is a group of forged copper alloys refined by an electrolytic process that has high conductivity. It is highly valued and widely used in industrial applications such as the manufacture of semiconductors and superconductors and high vacuum devices such as particle accelerators that involve plasma deposition. The use of oxygen-free materials in such applications is important because the presence of oxygen or any other impurity causes undesirable chemical reactions with the materials present in the environment. Oxygen-free copper cables have higher conductivity, better transfer capacity for low frequency sounds, durability, etc. This includes the manufacture of speaker cables, cable assemblies of audio and video connectors and amplifier cables.
Oxygen Free Copper (Ofc) Industry Size and Growth Rate:
Oxygen Free Copper (Ofc) Industry size is poised to reach USD xx Million by the end of 2022 from USD xx Million in 2017 and this market witnessed a growth rate of XX% during the forecast period 2018-2022.
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Oxygen Free Copper Industry Drivers and Restraints:
The growth of the automotive and electronics industries in the developing countries of Asia Pacific and the need to develop infrastructure in underdeveloped areas are among the factors that drive the oxygen-free copper Industry. At the same time, copper cables have some disadvantages, such as poor bonding properties and increased risks of electrical interference that lead to unclear audio signals. This creates the need for substitutes for better and more efficient options. In addition, the high cost of copper is the main disadvantage. As a result, fiber optic cables are used as substitutes in semiconductor devices.
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Oxygen Free Copper Industry Geographical Insights:
Geographically, the oxygen-free copper Industry can be divided into North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa. The Asia-Pacific region is expected to dominate the Industry during the forecast period due to growth in the automotive and electronics industries in the region. Oxygen-free copper is widely used in these industries. The industrial, economic and infrastructure development leads to an increase in disposable income and an improvement in the standard of living of the population. This is an important factor for the automotive and electronics industry in the Asia-Pacific region, which is driving demand for oxygen-free copper.
Oxygen Free Copper Industry Key Players: Farmer’s Copper Ltd., Copper Braid Products, Hussey Copper Ltd., Citizen Metalloys Ltd., Heyco Metals Inc., Haviland Enterprises Inc., and Millard Wire & Specialty Strip Co. are the major players of the Industry.
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