Global Oxygen Free Copper Market Growth 2025-2031

Global Oxygen Free Copper Market Growth 2025-2031

The global Oxygen Free Copper market size is predicted to grow from US$ 13800 million in 2025 to US$ 14140 million in 2031; it is expected to grow at a CAGR of 0.4% from 2025 to 2031.

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.

LP Information, Inc. (LPI) ' newest research report, the “Oxygen Free Copper Industry Forecast” looks at past sales and reviews total world Oxygen Free Copper sales in 2024, providing a comprehensive analysis by region and market sector of projected Oxygen Free Copper sales for 2025 through 2031. With Oxygen Free Copper sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Oxygen Free Copper industry.

This Insight Report provides a comprehensive analysis of the global Oxygen Free Copper landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Oxygen Free Copper portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Oxygen Free Copper market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Oxygen Free Copper and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Oxygen Free Copper.

This report presents a comprehensive overview, market shares, and growth opportunities of Oxygen Free Copper market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Oxygen Free Copper Rods
Oxygen Free Copper Strips
Oxygen Free Copper Bars
Others

Segmentation by Application:
Electronics & Electrical
Automotive and Aerospace
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Oxygen Free Copper market?

What factors are driving Oxygen Free Copper market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Oxygen Free Copper market opportunities vary by end market size?

How does Oxygen Free Copper break out by Type, by Application?

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