Oxygen-free Copper Market Outlook:
Oxygen-free Copper Market size was valued at USD 26.06 billion in 2025 and is likely to cross USD 43.68 billion by 2035, registering more than 5.3% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of oxygen-free copper is assessed at USD 27.3 billion.
Market expansion is driven by the increasing use of oxygen-free copper in the automotive industry. Thus, the market is heavily influenced by the growth of the automotive industry and the increase in the number of electric vehicles. due to its excellent electrical conduction ability, which is essential for the development of efficient electric motors, charging infrastructure, and energy transmission systems for electric vehicles.
According to the IEA, global spending on electric vehicles reached approximately USD 425 billion in 2022, an increase of 50% compared to 2021. Most of the money was spent directly by customers purchasing vehicles, with the government investing about USD 40 billion through direct purchase incentives.
Oxygen-free copper is used in speaker cables, audio video connectors, and amplifier cable assemblies. Due to its unique purity, it has a higher conductivity and can transmit sound at lower frequencies. Some manufacturers claim oxygen-free copper cables have better sound quality and a longer lifespan than other less pure copper cables.
There are many advantages to using oxygen-free copper in the production process because of its characteristics such as exceptional physical and electric conductivity. Copper has one of the highest electrical conductivity values among all metals in existence, and this allows copper to operate a wide range of electric currents without difficulty.
