Oxygen-Free Copper Market - Trends Forecast Till 2028

Oxygen-Free Copper Market, by Grade (Cu-OF, Cu-OFE), Product Form (Wire, Strips, Busbar & Rod, Others), End-use Industry (Electronics & Electrical, Automotive, Others) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: November, 2021

Base Year Estimate: 2020

Report ID: D-CM-OFCM-521


Number of Pages: 299

Domain: Chemicals & Materials

Oxygen-Free Copper Market – Trends Forecast Till 2028

The global Oxygen-Free Copper market size is projected to reach USD 26 billion by 2026 at a CAGR of 5.6% from USD 20.5 billion in 2021 during the forecast period 2021-2028.

Oxygen-free copper (OFC) also known as oxygen-free high thermal conductivity (OFHC) copper is a class of copper alloys which are having high conductivity and are electrolytically refined. The solution usd the refining process is of copper sulfate and sulfuric acid.

With the surge in demand for increasing sale of electric vehicles along with strong demand for oxygen free copper are some of the factors that have supported long-term expansion for Oxygen-Free Copper Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Due to the closure of mines and reduced production of copper has declined the market.

Oxygen-Free Copper Market Research Report

Asia Pacific is expected to be the largest market during the forecast period the surge in demand for electrically driven automobiles along with many the major end users located in the region have led to growth in the oxygen free copper in the region.

Oxygen-Free Copper Market is segmented into Grade, Product Form, End-Use Industry and geography.

On the basis of Grade

  • Cu-OF
  • Cu-OFE

On the basis of End-User Industry

  • Electronics & Electrical
  • Automotive
  • Others

On the basis of Product Form

  • Wire
  • Strips
  • Busbar & Rod
  • Others

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Oxygen-Free Copper Market Primary Respondent


Key Players

  • KGHM Polska Miedz SA
  • Hitachi Metals Neomaterials Ltd.
  • Zhejiang Libo Holding Group
  • Mitsubishi Materials Corporation
  • Metrod Holdings Berhad
  • Aviva Metal
  • KME Germany GmbH
  • Sam Dong

Recent Developments

  • In February 2020, Mitsubishi Materials Corporation acquired 20% share stake in the Mantoverde copper mine from Mantos Copper Holding SpA and participate in the Mantoverde Development Project.
  • In December 2019, The three companies signed an agreement, namely JX Nippon Mining & Metals, Mitsui Mining and Smelting Co., Ltd., and Pan Pacific Copper Co., Ltd. In order to revise their joint structure for copper operations as of April 2020.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Oxygen-Free Copper market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope


Report Feature


Market Revenue In 2021

USD 20.5 billion

Growth Rate

CAGR of 5.6% during the forecasting period, 2021-2028

Historical Data


Forecast Years


Base Year


Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Grade, Product Form, End-Use Industry and geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

KGHM Polska Miedz SA, Hitachi Metals Neomaterials Ltd., Zhejiang Libo Holding Group, Mitsubishi Materials Corporation, Metrod Holdings Berhad, Aviva Metals, KME Germany GmbH, and Sam Dong

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