Oxygen-free Copper Market Trends

Growth Driver

Escalating new product developments - Growth among the market players indulging in investments and collaborations is considered a significant growth factor for the market. Such as Superior Essex Inc. has agreed to acquire Lacroix + Kress GmbH, Europe's leading oxygen-free copper producer, from Mutares SE & Co. KGaA in 2023. Given that OFC is an essential ingredient in electric vehicles, this strategic acquisition ensures that Superior Essex's commitment to the expanding electric vehicle sector will improve consumer satisfaction and market competition.
Growing integration in a wide range of industries - Oxygen-free copper offers lucrative applications in numerous sectors, and compared to other forms of copper alloys, the mechanical properties of OFC are exceptional. It is the strongest of these materials and can be used at high temperatures without being affected by thermal expansion or contraction. In addition, it is also very ductile, so it can be easily formed into various shapes while maintaining its integrity and strength. Finally, it has excellent wear resistance, making it suitable for use in a variety of industrial applications where wear resistance is important.

Challenges

Growing availability of electrolytic tough pitch copper as a substitute - Electrolytic tough pitch copper is used in electrical installations, including the installation of welding equipment, anodes, and bus bars, as well as ground straps, commutator devices, and current hardware. Special manufacturing properties allow it to be bent, soldered, drilled, blasted, riveted, and formed to virtually any design standard. Copper is known for its strong electrical and thermal properties, and it is easy to process at very high temperatures. This is estimated to hamper the market in the forecast period.
The high cost of oxygen-free copper is set to pose a limitation on the market growth in the upcoming period.
Geopolitical issues and economic instability are assumed to pose restrictions over the projected period

Oxygen-free Copper Market: Key Insights

Base Year	2024
Forecast Year	2025-2037
CAGR	5.2%
Base Year Market Size (2024)	USD 24.58 billion
Forecast Period Market Size (2037)	USD 47.51 billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Excluding Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Japan Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of oxygen-free copper is evaluated at USD 25.6 billion.

The oxygen-free copper market size was over USD 24.58 billion in 2024 and is poised to exceed USD 47.51 billion by 2037, growing at over 5.2% CAGR during the forecast period i.e., between 2025-2037. Market expansion is driven by increasing use of oxygen-free copper in the automotive industry.

Asia Pacific industry is likely to hold largest revenue share of 44% by 2037, backed by increasing need for electronic semiconductor gadgets in developing nations like China, Japan, and India.

The major players in the market are Aviva Metal, KGHM Polska Miedz SA, Sam Dong Ohio Inc, Metrod Holdings Berhad, KME GERMANY GMBH, Hussey Copper Ltd, Wieland, Citizen Metalloys Ltd., Shanghai Metal Corporation, Mitsubishi Materials Corporation

Oxygen-free Copper Market Trends