Global Oxygen Free Copper Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

Global Oxygen Free Copper Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

According to our (Global Info Research) latest study, the global Oxygen Free Copper market size was valued at US$ 13020 million in 2024 and is forecast to a readjusted size of USD 14850 million by 2031 with a CAGR of 0.4% during review period.

Oxygen free copper is produced by the direct conversion of selected refined cathodes under carefully controlled conditions to prevent any contamination of the pure oxygen-free metal during processing. With so small a content of extraneous elements, the inherent properties of elemental copper are brought forth to a high degree. Characteristics are high ductility, high electrical and thermal conductivity, high impact strength, good creep resistance, ease of welding, and low volatility under high vacuum.

In this report, we mainly study the Oxygen Free Copper market segment by shape, which covers Oxygen-Free Copper Rods, Oxygen-Free Copper Strips and other shapes.

The global oxygen-free copper (OFC) market has been experiencing growth and is projected to continue expanding over the coming years. Oxygen-free copper, known for its high conductivity and lack of oxygen content, is used in various industries such as electronics, telecommunications, electrical engineering, and manufacturing.

1. Increasing Demand in Electronics and Telecommunications

Electronics and electrical industries are the largest consumers of oxygen-free copper, as it is essential in producing high-quality wiring, connectors, and circuit boards that require high electrical conductivity. With the growing demand for consumer electronics (smartphones, laptops, tablets), 5G infrastructure, and electric vehicles (EVs), oxygen-free copper is seeing increased demand.

The rise of 5G networks and the IoT (Internet of Things) has amplified the need for high-conductivity copper in telecommunication systems, leading to higher adoption of oxygen-free copper in cables and connectors.

2. Growing Electric Vehicle (EV) Production

The electric vehicle market is a significant driver of oxygen-free copper demand. EVs use copper for various components such as motors, batteries, wiring, and charging systems. As the shift to electric vehicles continues globally, the demand for high-conductivity copper materials like oxygen-free copper is expected to rise.

Battery systems, in particular, require copper due to its high conductivity, making oxygen-free copper suitable for use in battery packs and power transmission systems.

3. Expansion of Renewable Energy

The expansion of renewable energy sources like solar power and wind energy has driven demand for oxygen-free copper, particularly in the manufacturing of solar panel wiring and wind turbine components. Oxygen-free copper’s high conductivity ensures optimal performance in energy transmission.

With global energy transitions aiming for net-zero emissions by 2050, demand for efficient electrical components, including those made from oxygen-free copper, is expected to continue growing.

4. Innovation in Manufacturing and Materials

Advances in copper production technologies and new manufacturing processes have made oxygen-free copper more readily available and cost-competitive. For example, new techniques to reduce oxygen levels during copper production, such as casting and drawing processes, help to produce more oxygen-free copper in bulk at a lower cost.

The market is also witnessing increased development in copper alloys that combine oxygen-free copper with other metals (like silver and nickel) to improve performance, particularly in the fields of electronics and high-tech industries.

5. Regional Trends

Asia-Pacific is the largest market for oxygen-free copper, driven by the region’s rapid industrialization, technological advancements, and massive consumer electronics production in countries like China, Japan, and South Korea. The region’s strong demand for copper-based products in electronics, energy, and automotive sectors is pushing growth.

North America and Europe are also significant markets for oxygen-free copper, especially with the growing emphasis on electric vehicles and renewable energy. North American demand is being driven by EV and grid infrastructure developments, while Europe is focusing on sustainability and energy efficiency.

As for the consumption, Asia Pacific is the largest consumer, who owned 61.59% share in global consumption market.The global key Oxygen Free Copper manufacturers include Metrod Holdings Berhad, Aurubis, Wieland-Werke, SAM Dong KGHM Polska Miedz, Mitsubishi Materials, Sh Copper Products, KME Germany, Aviva Metals, Citizen Metalloys, Ningbo Jintian Copper, Jiangsu Xinhai and Wangbao Group, etc. The industry's market concentration is relatively low. The top five players in the world accounted for above 20% of market.

This report is a detailed and comprehensive analysis for global Oxygen Free Copper market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.

Key Features:

Global Oxygen Free Copper market size and forecasts, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031

Global Oxygen Free Copper market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031

Global Oxygen Free Copper market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Kilotons), and average selling prices (US$/Ton), 2020-2031

Global Oxygen Free Copper market shares of main players, shipments in revenue ($ Million), sales quantity (Kilotons), and ASP (US$/Ton), 2020-2025

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for Oxygen Free Copper

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global Oxygen Free Copper market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Metrod Holdings Berhad, Libo Group, Ningbo Jintian Copper, Jiangsu Xinhai, Aurubis, Wieland-Werke, SAM Dong, KGHM Polska Miedz, Wangbao Group, Luvata, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

Oxygen Free Copper market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Oxygen Free Copper Rods
Oxygen Free Copper Strips
Oxygen Free Copper Bars
Others

Market segment by Application
Electronics & Electrical
Automotive and Aerospace
Others

Major players covered
Metrod Holdings Berhad
Libo Group
Ningbo Jintian Copper
Jiangsu Xinhai
Aurubis
Wieland-Werke
SAM Dong
KGHM Polska Miedz
Wangbao Group
Luvata
Mitsubishi Materials
SH Copper Products
KME Germany
Aviva Metals
Citizen Metalloys
Honghua Technology
Shenyang Nonferrous Metal Processing
Hengji Group
Furukawa Electric
Jinchuan Group
Guangdong Jintong

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Oxygen Free Copper product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of Oxygen Free Copper, with price, sales quantity, revenue, and global market share of Oxygen Free Copper from 2020 to 2025.

Chapter 3, the Oxygen Free Copper competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Oxygen Free Copper breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Oxygen Free Copper market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of Oxygen Free Copper.

Chapter 14 and 15, to describe Oxygen Free Copper sales channel, distributors, customers, research findings and conclusion.