Oxygen Free Copper Market
Oxygen Free Copper Market Forecasts to 2032 - Global Analysis By Grade (Cu-OFE (Oxygen-Free Electronic Copper / C10100), Cu-OF (Oxygen-Free Copper / C10200) and Other Grades), Form (Wires, Strips, Busbars & Rods, Plates/Sheets, Pipes/Tubes and Other Forms), Purity Level, Manufacturing Process, Application, End User and By Geography
According to Stratistics MRC, the Global Oxygen Free Copper Market is accounted for $24.7 billion in 2025 and is expected to reach $40.1 billion by 2032 growing at a CAGR of 7.2% during the forecast period. Oxygen-free copper (OFC) is a high-purity copper grade refined to contain minimal oxygen content, typically less than 0.001%. Manufactured through a controlled process, it exhibits superior conductivity, thermal efficiency, and resistance to oxidation and corrosion. This makes OFC ideal for high-performance electrical and electronic applications, including audio components, power distribution, and vacuum devices. Its uniform grain structure and enhanced ductility also contribute to improved mechanical integrity, making it a preferred choice in industries demanding precision and reliability.
According to ASTM International, oxygen-free copper is classified under ASTM B170 and is produced through a process that prevents the absorption of oxygen during manufacturing.
Market Dynamics:
Driver:
Increasing demand in healthcare and scientific equipment
Oxygen Free Copper superior conductivity and purity make it ideal for applications requiring low signal distortion and electromagnetic compatibility. This demand is further reinforced by technological advancements in diagnostic tools and imaging systems. As the healthcare and research sectors continue to grow, so does the need for materials that offer high performance and minimal contamination risk. OFC's durability and thermal efficiency enhance its appeal for high-precision instrumentation.
Restraint:
Limited availability of high-purity copper
Global suppliers often face challenges in maintaining consistent purity levels across volumes due to raw material constraints and processing limitations. Additionally, not all producers can meet the demanding specifications required for sensitive electronic or scientific applications. This restricted supply ecosystem makes it difficult for downstream manufacturers to scale production efficiently. As demand intensifies, supply chain pressure may constrain market expansion.
Opportunity:
Increased use in audio-visual and luxury consumer goods
FC is gaining traction in the consumer electronics space, especially in high-end audio-visual systems, where conductivity and signal clarity are paramount. Its use in speaker cables, amplifiers, and luxury-grade audio devices aligns with growing consumer preference for premium experiences. Moreover, the trend toward sophisticated home entertainment systems is boosting demand for components that support high-resolution output. This niche presents significant growth opportunities for specialized OFC variants.
Threat:
Environmental concerns in copper mining and refining
Open-pit mining and chemical-intensive refining contribute to land degradation, water pollution, and carbon emissions. Regulatory scrutiny over environmental compliance is tightening across major copper-producing regions. In response, manufacturers may face additional costs for implementing cleaner processes or managing regulatory risks. These ecological and compliance challenges could affect sourcing dynamics and limit the adoption of OFC unless greener alternatives or mitigation strategies are adopted.
Covid-19 Impact:
The pandemic led to a slowdown in copper refining and transport operations, disrupting supply chains critical to the OFC market. Production delays and reduced workforce availability affected availability for electronics, medical devices, and industrial systems. However, post-COVID infrastructure recovery and the acceleration of digital health and telecom networks have rejuvenated demand. Medical electronics, in particular, witnessed a surge in production, contributing to the rebound of the OFC market.
The Cu-OF (oxygen-free copper / C10200) segment is expected to be the largest during the forecast period
The Cu-OF (oxygen-free copper / C10200) segment is expected to account for the largest market share during the forecast period due to its superior purity, corrosion resistance, and consistency in conductivity. Widely employed in power transmission, medical vacuum systems, and semiconductors, this grade meets critical performance standards across precision-intensive industries. Its low oxygen content ensures minimal grain boundary disruption, ideal for welding and forming operations.
The electrolytic refining segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the electrolytic refining segment is predicted to witness the highest growth rate owing to its ability to produce copper with extremely low impurity levels. This process ensures tight control over metal composition and is critical for OFC grades used in data transmission and semiconductor fabrication. Innovations in energy efficiency and process control systems are making electrolytic refining more scalable and environmentally compliant this segment is set to play a vital role in supporting future OFC applications.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share supported by a well-established electronics manufacturing base and extensive healthcare infrastructure. The region’s high investment in aerospace, defense, and telecommunication systems contribute to sustained demand for precision copper materials. Government initiatives to localize electronics supply chains and reduce import dependency are further driving domestic production.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR attributed to rapid industrialization, urban development, and expansion of electronics and EV production. Countries like China, Japan, South Korea, and India are investing heavily in infrastructure upgrades and smart device manufacturing, creating robust demand for OFC. The region's cost-effective manufacturing capabilities and growing tech innovation ecosystem make it highly attractive for copper-intensive applications.
Key players in the market
Some of the key players in Oxygen Free Copper Market include Zhaojin Group, Tongling Nonferrous Metals Group, Shanghai Metal Corporation, Ningbo Powerway Alloy Material Co., Ltd., Ningbo Jintian Copper, Mitsubishi Materials Corporation, Metrod Holdings Berhad, Luvata, Libo Group, KME Germany GmbH, KGHM Polska Mied? SA, Jiangsu Xinhai, Hitachi Metals, Ltd., Furukawa Electric Co., Ltd., and Chang Chun Group
Key Developments:
In June 2025, Hitachi Energy company initiated construction on an £18 million digital innovation campus in Staffordshire, UK, aiming to create hundreds of local jobs and consolidate operations into a single state-of-the-art facility by 2026 .
In May 2025, Mitsubishi Materials, the firm successfully completed the sale of its 25% stake in the Copper Mountain Mine (Canada) to partner Hudbay Minerals for CAD?~44.25 million (? USD?33?m), reinforcing its strategic focus on metal recycling and portfolio optimization.
Grades Covered:
• Cu-OFE (Oxygen-Free Electronic Copper / C10100)
• Cu-OF (Oxygen-Free Copper / C10200)
• Other Grades
Forms Covered:
• Wires
• Strips
• Busbars & Rods
• Plates/Sheets
• Pipes/Tubes
• Other Forms
Purity Levels Covered:
• 99.9% – 99.95%
• >99.95% – 99.99%
• Above 99.99%
Manufacturing Processes Covered:
• Electrolytic Refining
• Continuous Casting
• Hot Rolling & Extrusion
Applications Covered:
• Electronics & Electrical Conductors
• Magnet Wires & Transformers
• High-End Audio/Video Equipment
• Heat Exchangers & Radiators
• Plasma Deposition (Sputtering) & Cryogenics
• Other Applications
End Users Covered:
• Automotive
• Industrial Machinery
• Aerospace & Defense
• Power Generation
• Telecommunications
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Oxygen Free Copper Market, By Grade
5.1 Introduction
5.2 Cu-OFE (Oxygen-Free Electronic Copper / C10100)
5.3 Cu-OF (Oxygen-Free Copper / C10200)
5.4 Other Grades
6 Global Oxygen Free Copper Market, By Form
6.1 Introduction
6.2 Wires
6.3 Strips
6.4 Busbars & Rods
6.5 Plates/Sheets
6.6 Pipes/Tubes
6.7 Other Forms
7 Global Oxygen Free Copper Market, By Purity Level
7.1 Introduction
7.2 99.9% – 99.95%
7.3 >99.95% – 99.99%
7.4 Above 99.99%
8 Global Oxygen Free Copper Market, By Manufacturing Process
8.1 Introduction
8.2 Electrolytic Refining
8.3 Continuous Casting
8.4 Hot Rolling & Extrusion
9 Global Oxygen Free Copper Market, By Application
9.1 Introduction
9.2 Electronics & Electrical Conductors
9.3 Magnet Wires & Transformers
9.4 High-End Audio/Video Equipment
9.5 Heat Exchangers & Radiators
9.6 Plasma Deposition (Sputtering) & Cryogenics
9.7 Other Applications
10 Global Oxygen Free Copper Market, By End User
10.1 Introduction
10.2 Automotive
10.3 Industrial Machinery
10.4 Aerospace & Defense
10.5 Power Generation
10.6 Telecommunications
10.7 Other End Users
11 Global Oxygen Free Copper Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Zhaojin Group
13.2 Tongling Nonferrous Metals Group
13.3 Shanghai Metal Corporation
13.4 Ningbo Powerway Alloy Material Co., Ltd.
13.5 Ningbo Jintian Copper
13.6 Mitsubishi Materials Corporation
13.7 Metrod Holdings Berhad
13.8 Luvata
13.9 Libo Group
13.10 KME Germany GmbH
13.11 KGHM Polska Mied? SA
13.12 Jiangsu Xinhai
13.13 Hitachi Metals, Ltd.
13.14 Furukawa Electric Co., Ltd.
13.15 Chang Chun Group
List of Tables
1 Global Oxygen Free Copper Market Outlook, By Region (2024-2032) ($MN)
2 Global Oxygen Free Copper Market Outlook, By Grade (2024-2032) ($MN)
3 Global Oxygen Free Copper Market Outlook, By Cu-OFE (Oxygen-Free Electronic Copper / C10100) (2024-2032) ($MN)
4 Global Oxygen Free Copper Market Outlook, By Cu-OF (Oxygen-Free Copper / C10200) (2024-2032) ($MN)
5 Global Oxygen Free Copper Market Outlook, By Other Grades (2024-2032) ($MN)
6 Global Oxygen Free Copper Market Outlook, By Form (2024-2032) ($MN)
7 Global Oxygen Free Copper Market Outlook, By Wires (2024-2032) ($MN)
8 Global Oxygen Free Copper Market Outlook, By Strips (2024-2032) ($MN)
9 Global Oxygen Free Copper Market Outlook, By Busbars & Rods (2024-2032) ($MN)
10 Global Oxygen Free Copper Market Outlook, By Plates/Sheets (2024-2032) ($MN)
11 Global Oxygen Free Copper Market Outlook, By Pipes/Tubes (2024-2032) ($MN)
12 Global Oxygen Free Copper Market Outlook, By Other Forms (2024-2032) ($MN)
13 Global Oxygen Free Copper Market Outlook, By Purity Level (2024-2032) ($MN)
14 Global Oxygen Free Copper Market Outlook, By 99.9% – 99.95% (2024-2032) ($MN)
15 Global Oxygen Free Copper Market Outlook, By >99.95% – 99.99% (2024-2032) ($MN)
16 Global Oxygen Free Copper Market Outlook, By Above 99.99% (2024-2032) ($MN)
17 Global Oxygen Free Copper Market Outlook, By Manufacturing Process (2024-2032) ($MN)
18 Global Oxygen Free Copper Market Outlook, By Electrolytic Refining (2024-2032) ($MN)
19 Global Oxygen Free Copper Market Outlook, By Continuous Casting (2024-2032) ($MN)
20 Global Oxygen Free Copper Market Outlook, By Hot Rolling & Extrusion (2024-2032) ($MN)
21 Global Oxygen Free Copper Market Outlook, By Application (2024-2032) ($MN)
22 Global Oxygen Free Copper Market Outlook, By Electronics & Electrical Conductors (2024-2032) ($MN)
23 Global Oxygen Free Copper Market Outlook, By Magnet Wires & Transformers (2024-2032) ($MN)
24 Global Oxygen Free Copper Market Outlook, By High-End Audio/Video Equipment (2024-2032) ($MN)
25 Global Oxygen Free Copper Market Outlook, By Heat Exchangers & Radiators (2024-2032) ($MN)
26 Global Oxygen Free Copper Market Outlook, By Plasma Deposition (Sputtering) & Cryogenics (2024-2032) ($MN)
27 Global Oxygen Free Copper Market Outlook, By Other Applications (2024-2032) ($MN)
28 Global Oxygen Free Copper Market Outlook, By End User (2024-2032) ($MN)
29 Global Oxygen Free Copper Market Outlook, By Automotive (2024-2032) ($MN)
30 Global Oxygen Free Copper Market Outlook, By Industrial Machinery (2024-2032) ($MN)
31 Global Oxygen Free Copper Market Outlook, By Aerospace & Defense (2024-2032) ($MN)
32 Global Oxygen Free Copper Market Outlook, By Power Generation (2024-2032) ($MN)
33 Global Oxygen Free Copper Market Outlook, By Telecommunications (2024-2032) ($MN)
34 Global Oxygen Free Copper Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
Frequently Asked Questions
In case of any queries regarding this report, you can contact the customer service by filing the “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
Yes, the samples are available for all the published reports. You can request them by filling the “Request Sample” option available in this page.
Yes, you can request a sample with your specific requirements. All the customized samples will be provided as per the requirement with the real data masked.
All our reports are available in Digital PDF format. In case if you require them in any other formats, such as PPT, Excel etc you can submit a request through “Inquiry Before Buy” form available on the right hand side. You may also contact us through email: info@strategymrc.com or phone: +1-301-202-5929
We offer a free 15% customization with every purchase. This requirement can be fulfilled for both pre and post sale. You may send your customization requirements through email at info@strategymrc.com or call us on +1-301-202-5929.
We have 3 different licensing options available in electronic format.
- Single User Licence: Allows one person, typically the buyer, to have access to the ordered product. The ordered product cannot be distributed to anyone else.
- 2-5 User Licence: Allows the ordered product to be shared among a maximum of 5 people within your organisation.
- Corporate License: Allows the product to be shared among all employees of your organisation regardless of their geographical location.
All our reports are typically be emailed to you as an attachment.
To order any available report you need to register on our website. The payment can be made either through CCAvenue or PayPal payments gateways which accept all international cards.
We extend our support to 6 months post sale. A post sale customization is also provided to cover your unmet needs in the report.
Request Customization
We offer complimentary customization of up to 15% with every purchase. To share your customization requirements, feel free to email us at info@strategymrc.com or call us on +1-301-202-5929. .
Please Note: Customization within the 15% threshold is entirely free of charge. If your request exceeds this limit, we will conduct a feasibility assessment. Following that, a detailed quote and timeline will be provided.
WHY CHOOSE US ?
Assured Quality
Best in class reports with high standard of research integrity
24X7 Research Support
Continuous support to ensure the best customer experience.
Free Customization
Adding more values to your product of interest.
Safe & Secure Access
Providing a secured environment for all online transactions.
Trusted by 600+ Brands
Serving the most reputed brands across the world.
