Oxygen-free Copper Market Growth Drivers and Challenges:
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 Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
5.3% |
|
Base Year Market Size (2025) |
USD 26.06 billion |
|
Forecast Year Market Size (2035) |
USD 43.68 billion |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2026, the industry size of oxygen-free copper is assessed at USD 27.3 billion.
The global oxygen-free copper market size was valued at over USD 26.06 billion in 2025 and is expected to register a CAGR of over 5.3%, exceeding USD 43.68 billion revenue by 2035.
Asia Pacific oxygen-free copper market will secure over 44% share by 2035, driven by escalating demand for semiconductor devices in China and India.
Key players in the market include 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.
