Oxygen-Free Copper Market Share, Size, Trends, Industry Analysis Report - By Grade (Cu-OF and Cu-OFE), Product, Application, and Region; Segment Forecast, 2024-2032

Description

List of Tables

The global oxygen-free copper market size is expected to reach USD 49.83 billion by 2032, according to a new study by Polaris Market Research. The report "Oxygen-Free Copper Market Share, Size, Trends, Industry Analysis Report - By Grade (Cu-OF and Cu-OFE), Product, Application, and Region; Market Forecast, 2024-2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increase in demand for high-quality copper in a wide range of sectors such as aerospace, electronics, and automotive is significantly driving the oxygen-free copper market growth. Additionally, increasing government incentives and initiatives for end-use industries have led to their expansion. For instance, the Indian government has introduced the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme to promote the manufacturing of electric vehicles (EVs) with the goal of reaching approximately 7 million EVs by 2022. This initiative comes in response to increasing public worries about global warming. Such initiatives propel the demand for oxygen-free copper worldwide.

Increasing investments by major players to expand manufacturing capacities and research and development to meet global demand for oxygen-free pure copper is anticipated to expand the oxygen-free copper market reach during the forecast period. In November 2023, SK Nexilis started manufacturing ultra-thin oxygen-free copper (4 microns) at its new facility located in Malaysia. This plant has a capacity of 57 KTs/annum and was built with an investment of nearly USD 690 million.

Increasing collaboration and merger & acquisition strategies between major players for the exchange of resources and technological advancements in manufacturing would fuel the oxygen-free copper market growth during the forecast period. In October 2023, Anglo-Americans signed a Memorandum of Understanding (MoU) with Mitsubishi Materials to collaborate on producing copper products. This partnership aims to meet the rising demand for copper across various industries, reflecting the growing need for premium materials to support advanced technological applications.

Oxygen-Free Copper Market Report Highlights

By grade, the Cu-OF segment is expected to register a higher CAGR during the forecast period due to exceptional conductivity, purity, and overall performance of Cu-OF.

The electrical & electronics segment, based on application, accounted for the largest market share in 2023, primarily due to the increase in demand for durable and high-quality consumer electronics.

In terms of product, the wire segment is projected to witness the highest CAGR during the forecast period, as copper wires are widely used in electrical equipment.

The market in Asia Pacific is projected to grow significantly during the forecast period, attributable to rising investments in the electronics and automotive sectors.

A few global market players are Copper Braid Products, Cupori, Hitachi Metals Neomaterial, and Hussey Copper.

Polaris Market Research has segmented the oxygen-free copper market report on the basis of grade, product, application, and region:

By Grade Outlook (Revenue - USD Billion, 2019-2032)

Cu-OF
Cu-OFE

By Product Outlook (Revenue - USD Billion, 2019-2032)

Wires
Strips
Busbars & Rods
Other Products

By Application Outlook (Revenue - USD Billion, 2019-2032)

Electrical & Electronics
Automotive
Other Applications

By Regional Outlook (Revenue - USD Billion, 2019-2032)

North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America

Product Code: PM5103

1. Introduction
1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Oxygen Free Copper Market Insights
4.1. Oxygen Free Copper Market - Market Snapshot
4.2. Oxygen Free Copper Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Rising Demand for Consumer Electronics is Driving Market Growth
  - 4.2.1.2. Technological Advancements in Oxygen-Free Copper is Propelling Market Size
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. High Initial Investment
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Oxygen Free Copper Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Oxygen Free Copper Market, by Grade
5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
5.3. Cu-OF
- 5.3.1. Global Oxygen Free Copper Market, by Cu-OF, by Region, 2019-2032 (USD billion)
5.4. Cu-OFE
- 5.4.1. Global Oxygen Free Copper Market, by Cu-OFE, by Region, 2019-2032 (USD billion)
6. Global Oxygen Free Copper Market, by Product
6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
6.3. Wires
- 6.3.1. Global Oxygen Free Copper Market, by Wires, by Region, 2019-2032 (USD billion)
6.4. Strips
- 6.4.1. Global Oxygen Free Copper Market, by Strips, by Region, 2019-2032 (USD billion)
6.5. Busbars & Rods
- 6.5.1. Global Oxygen Free Copper Market, by Busbars & Rods, by Region, 2019-2032 (USD billion)
6.6. Other Product
- 6.6.1. Global Oxygen Free Copper Market, by Other Product, by Region, 2019-2032 (USD billion)
7. Global Oxygen Free Copper Market, by Application
7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
7.3. Electrical & Electronics
- 7.3.1. Global Oxygen Free Copper Market, by Electrical & Electronics, by Region, 2019-2032 (USD billion)
7.4. Automotive
- 7.4.1. Global Oxygen Free Copper Market, by Automotive, by Region, 2019-2032 (USD billion)
7.5. Other Application
- 7.5.1. Global Oxygen Free Copper Market, by other application, by Region, 2019-2032 (USD billion)
8. Global Oxygen Free Copper Market, by Geography
8.1. Key Findings
8.2. Introduction
- 8.2.1. Oxygen Free Copper Market Assessment, By Geography, 2019-2032 (USD billion)
8.3. Oxygen Free Copper Market - North America
- 8.3.1. North America: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
- 8.3.2. North America: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
- 8.3.3. North America: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.3.4. Oxygen Free Copper Market - U.S.
  - 8.3.4.1. U.S.: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.3.4.2. U.S.: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.3.4.3. U.S.: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.3.5. Oxygen Free Copper Market - Canada
  - 8.3.5.1. Canada: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.3.5.2. Canada: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.3.5.3. Canada: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
8.4. Oxygen Free Copper Market - Europe
- 8.4.1. Europe: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
- 8.4.2. Europe: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
- 8.4.3. Europe: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.4.4. Oxygen Free Copper Market - UK
  - 8.4.4.1. UK: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.4.4.2. UK: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.4.4.3. UK: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.4.5. Oxygen Free Copper Market - France
  - 8.4.5.1. France: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.4.5.2. France: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.4.5.3. France: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.4.6. Oxygen Free Copper Market - Germany
  - 8.4.6.1. Germany: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.4.6.2. Germany: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.4.6.3. Germany: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.4.7. Oxygen Free Copper Market - Italy
  - 8.4.7.1. Italy: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.4.7.2. Italy: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.4.7.3. Italy: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.4.8. Oxygen Free Copper Market - Spain
  - 8.4.8.1. Spain: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.4.8.2. Spain: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.4.8.3. Spain: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.4.9. Oxygen Free Copper Market - Netherlands
  - 8.4.9.1. Netherlands: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.4.9.2. Netherlands: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.4.9.3. Netherlands: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.4.10. Oxygen Free Copper Market - Russia
  - 8.4.10.1. Russia: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.4.10.2. Russia: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.4.10.3. Russia: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.4.11. Oxygen Free Copper Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.4.11.2. Rest of Europe: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.4.11.3. Rest of Europe: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
8.5. Oxygen Free Copper Market - Asia Pacific
- 8.5.1. Asia Pacific: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
- 8.5.2. Asia Pacific: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
- 8.5.3. Asia Pacific: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.5.4. Oxygen Free Copper Market - China
  - 8.5.4.1. China: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.5.4.2. China: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.5.4.3. China: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.5.5. Oxygen Free Copper Market - India
  - 8.5.5.1. India: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.5.5.2. India: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.5.5.3. India: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.5.6. Oxygen Free Copper Market - Malaysia
  - 8.5.6.1. Malaysia: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.5.6.2. Malaysia: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.5.6.3. Malaysia: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.5.7. Oxygen Free Copper Market - Japan
  - 8.5.7.1. Japan: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.5.7.2. Japan: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.5.7.3. Japan: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.5.8. Oxygen Free Copper Market - Indonesia
  - 8.5.8.1. Indonesia: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.5.8.2. Indonesia: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.5.8.3. Indonesia: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.5.9. Oxygen Free Copper Market - South Korea
  - 8.5.9.1. South Korea: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.5.9.2. South Korea: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.5.9.3. South Korea: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.5.10. Oxygen Free Copper Market - Australia
  - 8.5.10.1. Australia: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.5.10.2. Australia: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.5.10.3. Australia: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.5.11. Oxygen Free Copper Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.5.11.2. Rest of Asia Pacific: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.5.11.3. Rest of Asia Pacific: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
8.6. Oxygen Free Copper Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
- 8.6.2. Middle East & Africa: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
- 8.6.3. Middle East & Africa: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.6.4. Oxygen Free Copper Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.6.4.2. Saudi Arabia: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.6.4.3. Saudi Arabia: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.6.5. Oxygen Free Copper Market - UAE
  - 8.6.5.1. UAE: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.6.5.2. UAE: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.6.5.3. UAE: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.6.6. Oxygen Free Copper Market - Israel
  - 8.6.6.1. Israel: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.6.6.2. Israel: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.6.6.3. Israel: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.6.7. Oxygen Free Copper Market - South Africa
  - 8.6.7.1. South Africa: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.6.7.2. South Africa: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.6.7.3. South Africa: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.6.8. Oxygen Free Copper Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.6.8.2. Rest of Middle East & Africa: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.6.8.3. Rest of Middle East & Africa: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
8.7. Oxygen Free Copper Market - Latin America
- 8.7.1. Latin America: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
- 8.7.2. Latin America: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
- 8.7.3. Latin America: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.7.4. Oxygen Free Copper Market - Mexico
  - 8.7.4.1. Mexico: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.7.4.2. Mexico: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.7.4.3. Mexico: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.7.5. Oxygen Free Copper Market - Brazil
  - 8.7.5.1. Brazil: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.7.5.2. Brazil: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.7.5.3. Brazil: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.7.6. Oxygen Free Copper Market - Argentina
  - 8.7.6.1. Argentina: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.7.6.2. Argentina: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.7.6.3. Argentina: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
- 8.7.7. Oxygen Free Copper Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Oxygen Free Copper Market, by Grade, 2019-2032 (USD billion)
  - 8.7.7.2. Rest of Latin America: Oxygen Free Copper Market, by Product, 2019-2032 (USD billion)
  - 8.7.7.3. Rest of Latin America: Oxygen Free Copper Market, by Application, 2019-2032 (USD billion)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. Copper Braid Products
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Cupori
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Hitachi Metals Neomaterial, Ltd.
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Hussey Copper
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Metrod Holdings Berhad
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. Mitsubishi Materials Corporation
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Sam Dong
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. Southwire Company, LLC
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. Wieland
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Zheijang Libo Holding Group Co., Ltd.
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development