Oxygen-Free Copper Market is Projected to Grow from USD 14.82 Billion

Companies operating in the global oxygen-free copper market include Citizen Metalloys Limited (India), KGHM Polska MiedŸ S.A. (Poland), Luvata (U.K.), National Bronze & Metals, Inc. (U.S.), Sam Dong America (South Korea), SH Copper Products Co., Ltd. (Japan), Zhejiang Libo Holding Group Co., Ltd. (China), Mitsubishi Materials Corporation (Japan), Pan Pacific Copper Co., Ltd. (Japan), Watteredge LLC (the U.S.), Freeport-McMoRan Inc. (the U.S.), KME Germany GmbH & Co KG (Germany), Wieland-Werke AG (Germany), Cupori Oy (Finland), and Metrod Holdings Berhad (Malaysia). 

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The Oxygen-Free Copper Market is projected to grow from USD 14.82 Billion in 2016 to USD 18.35 Billion by 2021, at a CAGR of 4.4% from 2016 to 2021. 

By Grade:

• Cu-OF


• Cu-OFE

By Product Form:

• Wires


• Strips


• Busbars & Rods


• Others

By End Use Industry:

• Electronics & Electrical


• Transportation


• Others

Electronics & electrical segment is one of the fastest-growing segment of the global oxygen-free copper market

The electronics & electrical end-use industry segment is estimated to account for the largest share of the oxygen-free copper market in 2016, and is projected to be the fastest-growing segment from 2016 to 2021. The growth is mainly attributed to the increasing use of electronics products in the Asia-Pacific and North America regions.

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Cu-OF grade of oxygen-free copper is anticipated to grow at the highest CAGR from 2016 to 2021

The Cu-OF segment is anticipated to grow at the highest CAGR in the global oxygen-free copper market from 2016 to 2021. Cu-OF is 99.95% pure copper with 0.001% oxygen content. Its conductivity rating is equivalent to electrolytic tough pitch (ETP) with minimum 100% conductivity. It is used in cutting-edge scientific equipment, such as magnetometers, electromagnets, and other superconductors. The increase in the use of Cu-OF in electronics & electrical industry in China and India is expected to drive the growth of the Cu-OF segment.