Oxygen Free Copper Market

Global Oxygen Free Copper Market, Trends & Analysis - Forecasts to 2026 By Form (Wires, Strips, Busbars & Rods and Others), By Grade (CU-OF, CU-OFE and Others), By End User (Electronics & Electricals, Automotive and others), By Region (North America, Asia Pacific, Central & South America, Europe, and the Middle East & Africa), Competitive Landscape Company Market Share Analysis, and Competitor Analysis

Category Chemicals & Advanced Material
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This report was recently updated on May 9 2022 with the latest and most recent market numbers

Global Oxygen Free Copper Market Insights

The global oxygen free copper market is projected to grow from USD 20.0 billion in 2021 to USD 26.1 billion by 2026 at a CAGR value of 4.2% between 2021 to 2026. Copper gets refined through electrolytc measures and then gets converted to oxygen free copper or commonly known as oxygen free high conductivity copper.

Oxygen free copper is highly conductive and is also chemically pure which creates a demand for its by-product in various industries such as semi-conductor, electronics and automotive domain. To avoid any reaction related to chemicals present in the surrounding, oxygen free copper plays an important role. Audio and Video cable manufacturers across the globe use oxygen free copper as it has long lasting capabilities and helps to transfer low frequency sounds.

One of the major factors that would escalate the growth of oxygen free copper market is rising demand for electronics and consumables across the globe as well as the rise in demand for aerospace and defence related raw materials.

Covid-19 has impacted all the industries across the globe and the lockdown like situation which had restricted the movement of people has further led to decline in demand for all the industries including copper. With the manufacturing, automotive and electrical market being shut throughout the pandemic, oxygen free copper market went through a series sump phase. However, with the revival of economy, this market is expected to witness a substantial growth rate with major demand coming from the APAC region and other developing regions.

global oxygen free copper market

Global Oxygen Free Copper Market: By Product Form

Based on the type of product form, the market can be segmented into wires, strips, busbars & rods and others. Oxygen free wires will be the largest segment in the market during the forecast period. Oxygen free wires have a higher conductivity rate and is more resistant and long lasting. Furthermore, the chances of the oxygen free copper wire for corrosion is quite less due to the reduced oxygen content. Increased demand for oxygen free wires from the APAC region is one of the major reasons for the segments domiance.

Global Oxygen Free Copper Market: By Grade

Based on grade, the oxygen free copper market is segmented into CU-OF, CU-OFE and others. CU-OFE (oxygen free electronic) has 99.9 % copper contents after the silver is removed, and oxygen is reduced to 0.0005%. CU-OFE is manufactured from pure copper cathode and is then poured into a protective gas atmosphere. It has 1% more electrical conductivity than CU-OF and is used in high quality audio and video systems. It is applicable to various products such as microwave tubes, vacuum capacitors, vacuum seals and Tv transmitters among others, and hence, the CU-OFE segment is estimated to grow the fastest in the market.

Development of new wire related products in automotive and electrical industry will drive the demand for CU-OFE. Additionally, the use of CU-OFE in the aerospace industry application in expected to offer lucrative opportunities for oxygen free copper market growth in the forecast period.

Global Oxygen Free Copper Market: By End User

Based on end user, the oxygen free copper market is segmented into electronics & electricals, automotive and others. The automotive industry is expected to grow at the highest CAGR during the forecast period. Demand for new vehicles and EV (Electric Vehicle) coming into play would drive the growth. Copper has high electrical conductivity which would be used in the battery components of vehicles. In addition, increasing demand of aerospace industry will further drive the growth of copper in this industry.

asia pacific oxygen free copper market

Global Oxygen Free Copper Market: By Region

As per the geographical analysis, the market can be classified into North America (the US, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, South Korea, Singapore, and Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (UAE, Saudi Arabia, Rest of MEA) and Central & South America (Brazil, Peru, Chile, and Rest of CSA).

APAC region is expected to witness rapid growth during the forecast period majorly due to rising demand for electronics and electrical products and increasing demand for electric vehicles from the automotive industry.

Furthermore, the high growth of the APAC region is mainly influenced by the presence of large number of producers of electronic products based out in China, India, Japan, Korea and Taiwan. High population with increased demands for semiconductor products will further drive the oxygen free copper market during the forecast period. Furthermore, the North American region is expected to have the largest share in the market.

Global Oxygen Free Copper Market Share and Competitor Analysis

Mitsubishi Materials Corp, KME Germany Gmbh, Hitachi Metals Neomaterials Ltd, Libo Group, Aviva Metals Ltd, Sam Dong Co. Ltd, KGHM Polska Co Ltd, Metrod Holdings Berhad, Copper Braid Products, Farmer’s Copper Ltd, Citizen Metalloys Ltd, Hussey Copper Ltd, Haviland Enterprise Ltd, Heyco Metals Inc, Millard Wire & Speciality Strip ltd, among others are the key players in the oxygen free copper market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1   Methodology

1.1    Market Scope & Definitions

1.2    Estimates & Forecast Calculation

1.3    Historical Data Overview and Validation

1.4    Data Sources

1.4.1    Secondary

1.4.2    Primary

Chapter 2   Report Outlook

2.1    Oxygen Free Copper Industry Overview, 2016-2026

2.1.1    Industry Overview

2.1.2    Grade Type Overview

2.1.3    Form Overview

2.1.4    End-User Overview

2.1.6    Regional Overview

Chapter 3   Oxygen Free Copper Market Trends

3.1    Market Segmentation

3.2    Industry Background, 2016-2026

3.3    Market Key Trends

3.3.1    Positive Trends

3.3.1.1    Rising demand from automotive industry

3.3.2    Industry Challenges

3.3.2.1    Impact of COVID-19 on raw material price and supply chain

3.4    Prospective Growth Scenario

3.4.1    Grade Type Growth Scenario

3.4.2    Form Growth Scenario

3.4.3    End-User Growth Scenario

3.5    COVID-19 Influence over Industry Growth

3.6    Porter’s Analysis

3.7    PESTEL Analysis

3.8    Value Chain & Supply Chain Analysis

3.9    Regulatory Framework

3.9.1    North America

3.9.2    Europe

3.9.3    APAC

3.9.4    LATAM

3.9.5    MEA

3.10    End-User Overview

3.11    Market Share Analysis, 2020

3.11.1    Company Positioning Overview, 2020

Chapter 4   Oxygen Free Copper Market, By Form

4.1    Form Outlook

4.2    Wires

4.2.1    Market Size, By Region, 2016-2026 (USD Billion)

4.3    Strips

4.3.1    Market Size, By Region, 2016-2026 (USD Billion)

4.4   Busbars & Rods

4.4.1    Market Size, By Region, 2016-2026 (USD Billion)

4.5   Others

4.5.1    Market Size, By Region, 2016-2026 (USD Billion)

Chapter 5   Oxygen Free Copper Market, By Grade Type

5.1    Grade Type Outlook

5.2   CU-OF

5.2.1    Market Size, By Region, 2016-2026 (USD Billion)

5.3    CU-OFE

5.3.1    Market Size, By Region, 2016-2026 (USD Billion)

5.4    Others

5.4.1    Market Size, By Region, 2016-2026 (USD Billion)

Chapter 6   Oxygen Free Copper Market, By End-User

6.1    Electronics & Electricals

6.1.1    Market Size, By Region, 2016-2026 (USD Billion)

6.2    Automotive

6.2.1    Market Size, By Region, 2016-2026 (USD Billion)

6.3    Others

6.3.1    Market Size, By Region, 2016-2026 (USD Billion)

Chapter 7   Oxygen Free Copper Market, By Region

7.1    Regional outlook

7.2    North America

7.2.1    Market Size, By Country 2016-2026 (USD Billion)

7.2.2    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.2.3    Market Size, By Form, 2016-2026 (USD Billion)

7.2.4    Market Size, By End-User, 2016-2026 (USD Billion)

7.2.6    U.S.

7.2.6.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.2.4.2    Market Size, By Form, 2016-2026 (USD Billion)

7.2.4.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.2.7    Canada

7.2.7.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.2.7.2    Market Size, By Form, 2016-2026 (USD Billion)

7.2.7.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.3    Europe

7.3.1    Market Size, By Country 2016-2026 (USD Billion)

7.3.2    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.3.3    Market Size, By Form, 2016-2026 (USD Billion)

7.3.4    Market Size, By End-User, 2016-2026 (USD Billion)

7.3.6    Germany

7.3.6.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.3.6.2    Market Size, By Form, 2016-2026 (USD Billion)

7.3.6.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.3.7    UK

7.3.7.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.3.7.2    Market Size, By Form, 2016-2026 (USD Billion)

7.3.7.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.3.8    France

7.3.7.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.3.7.2    Market Size, By Form, 2016-2026 (USD Billion)

7.3.7.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.3.9    Italy

7.3.9.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.3.9.2    Market Size, By Form, 2016-2026 (USD Billion)

7.3.9.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.3.10    Spain

7.3.10.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.3.10.2    Market Size, By Form, 2016-2026 (USD Billion)

7.3.10.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.3.11    Russia

7.3.11.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.3.11.2    Market Size, By Form, 2016-2026 (USD Billion)

7.3.11.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.4    Asia Pacific

7.4.1    Market Size, By Country 2016-2026 (USD Billion)

7.4.2    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.4.3    Market Size, By Form, 2016-2026 (USD Billion)

7.4.4    Market Size, By End-User, 2016-2026 (USD Billion)

7.4.6    China

7.4.6.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.4.6.2    Market Size, By Form, 2016-2026 (USD Billion)

7.4.6.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.4.7    India

7.4.7.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.4.7.2    Market Size, By Form, 2016-2026 (USD Billion)

7.4.7.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.4.8    Japan

7.4.7.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.4.7.2    Market Size, By Form, 2016-2026 (USD Billion)

7.4.7.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.4.9    Australia

7.4.9.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.4.9.2    Market size, By Form, 2016-2026 (USD Billion)

7.4.9.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.4.10    South Korea

7.4.10.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.4.10.2    Market Size, By Form, 2016-2026 (USD Billion)

7.4.10.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.5    Latin America

7.5.1    Market Size, By Country 2016-2026 (USD Billion)

7.5.2    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.5.3    Market Size, By Form, 2016-2026 (USD Billion)

7.5.4   Market Size, By End-User, 2016-2026 (USD Billion)

7.5.6    Brazil

7.5.6.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.5.6.2    Market Size, By Form, 2016-2026 (USD Billion)

7.5.6.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.5.7    Mexico

7.5.7.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.5.7.2    Market Size, By Form, 2016-2026 (USD Billion)

7.5.7.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.5.8    Argentina

7.5.7.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.5.7.2    Market Size, By Form, 2016-2026 (USD Billion)

7.5.7.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.6    MEA

7.6.1    Market Size, By Country 2016-2026 (USD Billion)

7.6.2    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.6.3    Market Size, By Form, 2016-2026 (USD Billion)

7.6.4    Market Size, By End-User, 2016-2026 (USD Billion)

7.6.6    Saudi Arabia

7.6.6.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.6.6.2    Market Size, By Form, 2016-2026 (USD Billion)

7.6.6.3   Market Size, By End-User, 2016-2026 (USD Billion)

7.6.7    UAE

7.6.7.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.6.7.2    Market Size, By Form, 2016-2026 (USD Billion)

7.6.7.3    Market Size, By End-User, 2016-2026 (USD Billion)

7.6.8    South Africa

7.6.7.1    Market Size, By Grade Type, 2016-2026 (USD Billion)

7.6.7.2    Market Size, By Form, 2016-2026 (USD Billion)

7.6.7.3    Market Size, By End-User, 2016-2026 (USD Billion)

Chapter 8   Company Landscape

8.1    Competitive Analysis, 2020

8.2    Mitsubishi Materials Corp

8.2.1    Company Overview

8.2.2    Financial Analysis

8.2.3    Strategic Positioning

8.2.4    Info Graphic Analysis

8.3    KME Germany Gmbh

8.3.1    Company Overview

8.3.2    Financial Analysis

8.3.3    Strategic Positioning

8.3.4    Info Graphic Analysis

8.4    Hitachi Metals Neomaterials Ltd

8.4.1    Company Overview

8.4.2    Financial Analysis

8.4.3    Strategic Positioning

8.4.4    Info Graphic Analysis

8.5    Aviva Metals Ltd

8.5.1    Company Overview

8.5.2    Financial Analysis

8.5.3    Strategic Positioning

8.5.4    Info Graphic Analysis

8.6    Sam Dong Co. Ltd

8.6.1    Company Overview

8.6.2    Financial Analysis

8.6.3    Strategic Positioning

8.6.4    Info Graphic Analysis

8.7    Farmer’s Copper Ltd

8.7.1    Company Overview

8.7.2    Financial Analysis

8.7.3    Strategic Positioning

8.7.4    Info Graphic Analysis

8.8    Haviland Enterprise Ltd

8.8.1    Company Overview

8.8.2    Financial Analysis

8.8.3    Strategic Positioning

7.8.4    Info Graphic Analysis

8.9    Other Companies

8.9.1    Company Overview

8.9.2    Financial Analysis

8.9.3    Strategic Positioning

8.9.4    Info Graphic Analysis

The Global Oxygen Free Copper Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Oxygen Free Copper Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

The global oxygen free copper market is projected to grow from USD 20.0 billion in 2021 to USD 26.1 billion by 2026 at a CAGR value of 4.2% from 2021 to 2026.
Mitsubishi Materials Corp, KME Germany Gmbh, Hitachi Metals Neomaterials Ltd, Libo Group, Aviva Metals Ltd, Sam Dong Co. Ltd, KGHM Polska Co Ltd, Metrod Holdings Berhad, Copper Braid Products, Farmer’s Copper Ltd, Citizen Metalloys Ltd, Hussey Copper Ltd, Haviland Enterprise Ltd, Heyco Metals Inc, Millard Wire & Speciality Strip ltd, among others are the major players in the market.
The North American region is estimated to hold the largest share of the oxygen free copper market.
With the manufacturing, automotive and electrical market being shut throughout the pandemic, oxygen free copper market went through a series sump phase. However, with the revival of economy, this market is expected to witness a substantial growth rate with major demand coming from the APAC region and other developing regions.
One of the major factors that would escalate the growth of oxygen free copper market is rising demand for electronics and consumables across the globe as well as the rise in demand for aerospace and defence related raw materials.

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