Oxygen Free Copper Market Growth Analysis, Market Dynamics 2025

The global Oxygen Free Copper market was valued at US$ 12,649.85 million in 2023 and is anticipated to reach US$ 14,442.14 million by 2030, witnessing a CAGR of 0.40% during the forecast period 2024-2030.

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Oxygen-free copper (OFC) is a high-purity grade of copper that has been processed to remove almost all of the oxygen impurities that are present in the metal.

Oxygen-free copper is commonly used in applications where high electrical and thermal conductivity, low thermal expansion, and resistance to corrosion and oxidation are required.

North American market (based on production value) for Oxygen Free Copper is estimated to increase from US$ 1,286.55 million in 2023 to reach US$ 1354.06 million by 2030, at a CAGR of -0.77% during the forecast period of 2024 through 2030.

Europe market (based on production value) for Oxygen Free Copper is estimated to increase from US$ 2,476.99 million in 2023 to reach US$ 2,690.15 million by 2030, at a CAGR of -0.28% during the forecast period of 2024 through 2030.

China market (based on production value) for Oxygen Free Copper is estimated to increase from US$ 5,240.92 million in 2023 to reach US$ 6,248.59 million by 2030, at a CAGR of 1.02% during the forecast period of 2024 through 2030.

The major global manufacturers of Oxygen Free Copper include Metrod Holdings Berhad, Libo Group, Ningbo Jintian Copper, Jiangsu Xinhai, Aurubis, Wieland-Werke, SAM Dong, KGHM Polska Miedz, and Wangbao Group, etc. in 2023, the world's top five vendors accounted for approximately 26.87% of the revenue.

This report aims to provide a comprehensive presentation of the global market for Oxygen Free Copper, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analysis their position in the current marketplace, and make informed business decisions regarding Oxygen Free Copper.

The Oxygen Free Copper market size, estimations, and forecasts are provided in terms of output/shipments (Kilotons) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Oxygen Free Copper market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.

For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.

The report will help the Oxygen Free Copper manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.

Market Segmentation

By Company