Market Size of Oxygen Free Copper Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 20.29 Billion |
| Market Size (2029) | USD 26.36 Billion |
| CAGR (2024 - 2029) | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Oxygen Free Copper Market Analysis
The Oxygen Free Copper Market size is estimated at USD 20.29 billion in 2024, and is expected to reach USD 26.36 billion by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The market was negatively impacted by the COVID-19 pandemic as there was a slowdown in production and mobility, which caused a shortage of semiconductors, which negatively impacted the market for oxygen-free copper. Also, industries such as electronics, automotive, etc., were forced to delay their production due to containment measures and economic disruptions. Currently, the market has recovered from the pandemic. The market reached pre-pandemic levels in 2022, and it is expected to grow steadily in the future.
Increasing demand for oxygen-free copper from semiconductors has been driving the market growth during the forecast period.
However, the high cost of copper is anticipated to hinder the growth of the studied market.
Growing oxygen-free copper applications in a wide range of electronics are likely to provide opportunities for the oxygen-free copper market over the next five years.
The Asia-Pacific region is dominated across the world, with increasing consumption from countries like China and India.
