Press Release

Oxygen-Free Copper Market Set to Surpass USD 49.8 Billion by 2035

Pune, January 5, 2026 –

The global oxygen-free copper market is projected to grow steadily from approximately USD 30.9 billion in 2024 to around USD 49.8 billion by 2035, registering a CAGR of 4.1% during the forecast period. This expansion is underpinned by increasing demand across electrical wiring, electronics, and high-performance industrial sectors where purity and conductivity are critical.

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Key Growth Drivers

Oxygen-free copper’s superior thermal and electrical conductivity is critical for applications in semiconductors, connectors, and power distribution systems. The market is being propelled by the rapid modernization of electrical grids, the boom in electric vehicles, and the proliferation of smart devices requiring low-impurity materials.

Diverse Applications and Industry Uptake

The market spans across key applications such as:

Electrical & Electronics
Automotive
Industrial Machinery
Construction

In terms of end-use industries, Electrical & Electronics and Automotive & Transportation sectors dominate, followed closely by Construction & Infrastructure and Industrial Manufacturing.

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Market Segmentation Highlights

By Type:

Oxygen-Free High Conductivity (OFHC) Copper
Electrolytic Tough Pitch (ETP) Copper
Oxygen-Free Copper (OFC)

By Application:

Electrical & Electronics
Automotive
Industrial Machinery
Construction
Others

By End-Use Industry:

Electrical & Electronics
Automotive & Transportation
Construction & Infrastructure
Industrial Manufacturing
Others

Regional Landscape

The oxygen-free copper market demonstrates strong geographic penetration:

North America:

Major demand in the U.S. (California, Texas, New York, Florida)
Canada and Mexico showing increasing adoption

Asia-Pacific:

Led by China (Guangdong, Jiangsu, Zhejiang), India (Maharashtra, Tamil Nadu, Gujarat), Japan, and South Korea
Rapid industrialization and electrification projects are key drivers

Europe, MEA, and Latin America:

Solid growth in Germany, UK, France, and GCC countries
Infrastructure modernization and green energy transitions spur demand

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Key Players in the Global Market

Aurubis AG
Jiangxi Copper Corporation
Mitsubishi Materials Corporation
Hindalco Industries Limited
KME Group
Vale S.A.
Sumitomo Metal Mining Co., Ltd.
Boliden AB
Electra Metals Ltd.
Wieland-Werke AG

These players are focusing on technological innovation, strategic mergers, capacity expansions, and sustainable processing to gain competitive edge.

About Global Data Route Analytics
Global Data Route Analytics is a market research and consulting firm that provides businesses with data analysis, market forecasts, and tailored reports across various industries. The company uses advanced data analysis techniques, proprietary data, and an expert team to help clients understand market trends, make informed decisions, and develop strategies. They focus on delivering customized solutions, competitive intelligence, and growth strategies to help businesses succeed in their respective markets.

Media Contact:
Srushti Tungar
Global Data Route Analytics