세계의 무산소 구리(OFC) 시장 예측(-2032년) : 등급별, 형태별, 순도 레벨별, 제조 공정별, 용도별, 최종사용자별, 지역별 분석

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 Miedz 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
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • 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
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • 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 Miedz SA
• 13.12 Jiangsu Xinhai
• 13.13 Hitachi Metals, Ltd.
• 13.14 Furukawa Electric Co., Ltd.
• 13.15 Chang Chun Group