Oxygen Free Copper Market by Application and Geography - Forecast and Analysis 2022-2026

The oxygen-free copper market share is expected to increase to USD 5.87 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.53%.

This oxygen-free copper market research report extensively covers market segmentation by application (electronics and electrical, high-tech and telecom, and others) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The oxygen-free copper market report also offers information on several market vendors, including Aurubis AG, Aviva Metals Inc., Citizen Metalloys Ltd., Cupori Oy, Farmers Copper LTD., Furukawa Electric Co. Ltd., Hitachi Metals Neomaterial Ltd., Hussey Copper, JX Nippon Mining and Metals Corp., KGHM Polska Miedz SA, KME Germany GmbH, Metrod Holdings Berhad, Mitsubishi Materials Corp., Sam Dong America, Sequoia Brass and Copper., Shanghai Metal Corp., Tranect Ltd., Watteredge LLC, Wieland-Werke AG, and Zhejiang Libo Holding Group Co. Ltd. among others. Furthermore, this report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches.

What will the Oxygen-Free Copper Market Size be During the Forecast Period?

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Parent Market Analysis

Technavio categorizes the oxygen-free copper market as a part of the global diversified metals and mining market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the oxygen-free copper market during the forecast period.

Who are the Major Oxygen-Free Copper Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Aurubis AG
• Aviva Metals Inc.
• Citizen Metalloys Ltd.
• Cupori Oy
• Farmers Copper LTD.
• Furukawa Electric Co. Ltd.
• Hitachi Metals Neomaterial Ltd.
• Hussey Copper
• JX Nippon Mining and Metals Corp.
• KGHM Polska Miedz SA
• KME Germany GmbH
• Metrod Holdings Berhad
• Mitsubishi Materials Corp.
• Sam Dong America
• Sequoia Brass and Copper.
• Shanghai Metal Corp.
• Tranect Ltd.
• Watteredge LLC
• Wieland-Werke AG
• Zhejiang Libo Holding Group Co. Ltd.

 

This statistical study of the oxygen-free copper market encompasses successful business strategies deployed by the key vendors. The oxygen-free copper market is fragmented and the vendors are deploying growth strategies such as are continuously on the lookout to produce high-quality OFC, without compromising on the cost involved to produce the same to compete in the market.

Product Insights and News

• Aviva Metals Inc. is a privately held company headquartered in the US. Its revenue from the global oxygen-free copper market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
• Aviva Metals Inc. - The company offers oxygen-free copper that includes copper alloys which are high electrical and thermal, high ductility, ease of welding, high impact strength, and low volatility under high vacuum. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The oxygen-free copper market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

oxygen-free Copper Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the oxygen-free copper market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Oxygen-Free Copper Market: Key Drivers, Trends, and Challenges

The untapped applications of OFC is notably driving the oxygen-free copper market growth, although factors such as the slowdown of the global automotive industry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the oxygen-free copper industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Oxygen-Free Copper Market Driver

The untapped applications of OFC is one of the key drivers supporting the oxygen-free copper market growth. According to the IEA, global electricity demand increased by 4.5% in 2021. This is almost five times greater than the decline in 2020, which resulted in electricity's share of more than 20% in total energy demand. Almost 80% of the increase in demand in 2021 was in emerging markets and developing economies, with China alone accounting for half of the global growth. Furthermore, global electricity demand is expected to grow twofold when compared with global energy demand, which is expected to grow by more than 25% by 2040 when compared with 2017. Power plants, including both fossil fuel-based and renewable-based, require OFC wires, strips, and bus bars. Therefore, with the growing demand for energy and new power plant installations, the demand for OFC is expected to increase during the forecast period.

Key Oxygen-Free Copper Market Trend

Growing demand for OFC from the aviation industry is another factor supporting the oxygen-free copper market growth. For instance, in October 2021, Stratolaunch LLC, a US-based designer and manufacturer of aerospace vehicles and technologies, announced that the company would unveil its new Talon-A hypersonic test vehicle in 2022. The company has completed the design review of the aircraft. The high-speed unmanned air vehicles (UAVs) will enter service with potential government and commercial customers by 2023. Additionally, the US Department of Defense entered a research contract with Stratolaunch in December 2021 to conduct hypersonic technology research to build such aircraft. Therefore, as the global aviation industry grows, the count of aircraft will also rise, which will directly contribute to the demand for OFC. These factors will drive the growth of the global oxygen-free copper market during the forecast period.

Key Oxygen-Free Copper Market Challenge

The slowdown of the global automotive industry is one of the factors hindering the oxygen-free copper market growth. For instance, in Germany, Canada, and Slovenia, there was a decline in the production of cars and light commercial vehicles (LCVs) by 3%, 16%, and 32%, respectively, in 2021 over that in 2020. Similarly, the US, Poland, and Mexico witnessed a decline in the production of cars by 16%, 12%, and 23%, respectively, in 2021 when compared to the previous year. China and Canada witnessed a decline in the production of heavy commercial vehicles (HCVs) by 9% each in 2021 when compared to 2020. Thus, the slowdown in global automotive production has had a negative impact on the growth of the global oxygen-free copper market. These factors can pose a challenge to market vendors during the forecast period.

This oxygen-free copper market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Which are the Key Regions for Oxygen-Free Copper Market?

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74% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for oxygen-free copper market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increasing requirement for copper in the electronics and electrical, HVAC, and automotive industries will facilitate the oxygen-free copper market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic had a negative impact on the regional oxygen-free copper market. However, in H2 2020, the initiation of mass COVID-19 vaccination drives by governments in the region led to a decline in the number of COVID-19 cases. This led to the lifting of COVID-19-related restrictions and the resumption of the operations of regional automobile manufacturers. Such factors are expected to drive the oxygen-free copper market growth during the forecast period.

What are the Revenue-generating Application Segments in the Oxygen-Free Copper Market?

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The oxygen-free copper market share growth by the electronics and electrical segment will be significant during the forecast period. The high electrical conductivity of oxygen-free copper makes it a suitable material for the electronics and electrical industry. Furthermore, they are ideal for processes that demand extreme deformability. The advantages of using OFHC in electrical and electronics will drive the market growth during the forecast period. Some of them are:

• Enhanced workability
• Excellent resistance to hydrogen embrittlement under high atmospheric pressure
• Excellent thermal and electrical conductivity
• High impact strength and heat resistance
• Minimized copper dust during processing.

This report provides an accurate prediction of the contribution of all the segments to the growth of the oxygen-free copper market size and actionable market insights on post COVID-19 impact on each segment.

You may be interested in:

MENA Seamless Copper Tubes market - The market size is expected to reach a value of 74.02 thousand tons at a CAGR of 8.97%, during 2021-2025. 

Copper Alloy Wire market - The market share is expected to increase by USD 18.16 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.21%.

Copper Pipes and Tubes market - The market share is expected to increase by USD 4.96 billion from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of 3.15%.

Oxygen-Free Copper Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.53%
Market growth 2022-2026	$ 5.87 billion
Market structure	Fragmented
YoY growth (%)	5.01
Regional analysis	APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution	APAC at 74%
Key consumer countries	US, China, Japan, India, Germany, and France
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Aurubis AG, Aviva Metals Inc., Citizen Metalloys Ltd., Cupori Oy, Farmers Copper LTD., Furukawa Electric Co. Ltd., Hitachi Metals Neomaterial Ltd., Hussey Copper, JX Nippon Mining and Metals Corp., KGHM Polska Miedz SA, KME Germany GmbH, Metrod Holdings Berhad, Mitsubishi Materials Corp., Sam Dong America, Sequoia Brass and Copper., Shanghai Metal Corp., Tranect Ltd., Watteredge LLC, Wieland-Werke AG, and Zhejiang Libo Holding Group Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Oxygen Free Copper Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive oxygen-free copper market growth during the next five years
• Precise estimation of the oxygen-free copper market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the oxygen-free copper industry across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of oxygen-free copper market vendors

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