Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Grade (Cu-OF, Cu-OFE), By Product Form (Wire, Strips, Busbar & Rod, Others), By End Use Industry (Electronics & Electrical, Automotive, Others) And Competitive Landscape
Product Code: ETC4611168 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | Europe Oxygen-Free Copper Market |
Forecast period | 2025-2031 |
Forecast Size | USD 1.7 Billion by 2031 |
CAGR | 5% |
Growing Sector | Electronic Sector |
Europe Oxygen-Free Copper Market report thoroughly covers the market By Countries, By Grade, By Product form, By End Use Industry. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Europe Oxygen-Free Copper Market was valued at USD 1.2 billion and is expected to reach USD 1.7 billion, growing at a CAGR of around 5% from 2025 to 2031. The increasing demand for high-quality and high-performance electrical components in various industries such as electronics, automotive, and aerospace is a major driving factor for this growth.
Europe Oxygen-Free Copper Market Growth can be attributed to various factors such as increasing demand for high-quality copper in industries like electronics, automotive, and construction. The rising focus on green energy and sustainable development has also led to the increased usage of oxygen-free copper in renewable energy infrastructure.
According to 6Wresearch, the Europe Oxygen-Free Copper Market Size is expected to reach a significant CAGR of 5% during the forecast period 2025-2031. One of the major drivers for the growth of the Europe oxygen-free copper market is the rising demand for efficient and reliable power transmission systems. With countries shifting towards renewable energy sources such as wind and solar power, there has been an increased need for robust and high-performance cables that can handle large amounts of electricity with minimal loss. This has led to the adoption of oxygen-free copper, which has excellent conductivity and low resistance, making it ideal for power transmission applications. Furthermore, the growing trend towards electric vehicles in Europe is also expected to drive the demand for oxygen-free copper as it is used in various components such as motors, inverters, and charging systems.
There are certain challenges that may hinder the growth of the Europe oxygen-free copper market. One of the major challenges is the high cost associated with producing and processing oxygen-free copper. The process involves removing oxygen through a series of heating and melting processes, which can be expensive and time-consuming. These results in higher prices for products made from oxygen-free copper, making it less accessible to smaller industries.
Europe Oxygen-Free Copper Industry is increasing demand for high-quality copper products in various industries such as automotive, aerospace, and electronics. One major trend that is set to impact the market is the rapid development of new technologies. As companies continue to innovate and introduce new products, there will be an increased need for high-quality materials such as oxygen-free copper. With its superior conductivity and corrosion resistance, this type of copper is well-suited for use in advanced technologies like electric vehicles, renewable energy systems, and telecommunications. Another trend that is expected to drive growth in the Europe oxygen-free copper market is its increasing use in different industries.
Europe Oxygen-Free Copper Market Share for investors looking for long-term growth potential. With the increasing demand for high-quality copper in various industries, such as construction, electrical and electronics, transportation, and others, the market is expected to witness significant growth from 2025 to 2031. One major driver for investment in this market is the growing demand for oxygen-free copper in the electronics industry. With the rise of smart devices and electric vehicles, there has been a surge in demand for high-performance electronic components made from oxygen-free copper. This type of copper has superior conductivity and thermal properties compared to regular copper, making it ideal for use in high-tech applications.
Leading players in the Europe Oxygen-Free Copper Market are expected to continue dominating the market. These players include major companies such as Aurubis AG, KME Germany GmbH & Co KG, Wieland-Werke AG, Luvata Oy, and others. Aurubis AG is a leading company in the production of copper and copper products. They have a strong presence in Europe and are known for their high-quality oxygen-free copper products. The company has been investing in research and development to improve its products and expand its market reach. KME Germany GmbH & Co KG is another key player in the Europe Oxygen-Free Copper Market.
Government regulations in the Europe Oxygen-Free Copper Market play a crucial role in shaping the industry and its future growth. These regulations are put in place by governing bodies to ensure fair competition, protect consumers, and promote sustainable practices. One of the main focuses of government regulations in the oxygen-free copper market is on reducing carbon footprint and promoting energy efficiency. This includes setting emission targets for companies and providing incentives for using renewable energy sources.
Future insights in Europe Oxygen-Free Copper Market from 2025 to 2031 are expected to show significant growth, driven by the increasing demand for oxygen-free copper in various industries. This type of copper, also known as OFC or oxygen-depleted copper, is highly sought after due to its superior electrical conductivity and corrosion resistance compared to regular copper. One major factor contributing to the future growth of the Europe Oxygen-Free Copper Market is the rapid expansion of renewable energy sources.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
Germany is the leading market for oxygen-free copper in Europe, followed closely by the United Kingdom and France. These countries have a strong industrial base and are major consumers of copper in various industries such as electronics, construction, and automotive.
Cu-OFE is expected to lead the Europe OFC market is because it has a higher electrical conductivity than Cu-OF. This means that it can transmit electricity more efficiently, making it ideal for a wide range of applications such as power transmission, electronics, and telecommunications.
According to Ravi Bhandari, Research Head, 6wresearch, Wire is expected to lead the Europe oxygen-free copper market by product form. This is attributed to its wide range of applications in various industries such as electronics, automotive, and construction.
The electronics industry is expected to dominate the Europe oxygen-free copper market by end-use industry. The increasing demand for electronic devices such as smartphones, laptops, and tablets has led to a significant growth in the consumption of oxygen-free copper.
The market report has been segmented and sub-segmented into the following categories:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Oxygen-Free Copper Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Oxygen-Free Copper Market Revenues & Volume, 2021 & 2031F |
3.3 Europe Oxygen-Free Copper Market - Industry Life Cycle |
3.4 Europe Oxygen-Free Copper Market - Porter's Five Forces |
3.5 Europe Oxygen-Free Copper Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 Europe Oxygen-Free Copper Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.7 Europe Oxygen-Free Copper Market Revenues & Volume Share, By Product Form, 2021 & 2031F |
3.8 Europe Oxygen-Free Copper Market Revenues & Volume Share, By End Use Industry, 2021 & 2031F |
4 Europe Oxygen-Free Copper Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Oxygen-Free Copper Market Trends |
6 Europe Oxygen-Free Copper Market, 2021 - 2031 |
6.1 Europe Oxygen-Free Copper Market, Revenues & Volume, By Grade, 2021 - 2031 |
6.2 Europe Oxygen-Free Copper Market, Revenues & Volume, By Product Form, 2021 - 2031 |
6.3 Europe Oxygen-Free Copper Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
7 Germany Oxygen-Free Copper Market, 2021 - 2031 |
7.1 Germany Oxygen-Free Copper Market, Revenues & Volume, By Grade, 2021 - 2031 |
7.2 Germany Oxygen-Free Copper Market, Revenues & Volume, By Product Form, 2021 - 2031 |
7.3 Germany Oxygen-Free Copper Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
8 United Kingdom Oxygen-Free Copper Market, 2021 - 2031 |
8.1 United Kingdom Oxygen-Free Copper Market, Revenues & Volume, By Grade, 2021 - 2031 |
8.2 United Kingdom Oxygen-Free Copper Market, Revenues & Volume, By Product Form, 2021 - 2031 |
8.3 United Kingdom Oxygen-Free Copper Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
9 France Oxygen-Free Copper Market, 2021 - 2031 |
9.1 France Oxygen-Free Copper Market, Revenues & Volume, By Grade, 2021 - 2031 |
9.2 France Oxygen-Free Copper Market, Revenues & Volume, By Product Form, 2021 - 2031 |
9.3 France Oxygen-Free Copper Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
10 Italy Oxygen-Free Copper Market, 2021 - 2031 |
10.1 Italy Oxygen-Free Copper Market, Revenues & Volume, By Grade, 2021 - 2031 |
10.2 Italy Oxygen-Free Copper Market, Revenues & Volume, By Product Form, 2021 - 2031 |
10.3 Italy Oxygen-Free Copper Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
11 Russia Oxygen-Free Copper Market, 2021 - 2031 |
11.1 Russia Oxygen-Free Copper Market, Revenues & Volume, By Grade, 2021 - 2031 |
11.2 Russia Oxygen-Free Copper Market, Revenues & Volume, By Product Form, 2021 - 2031 |
11.3 Russia Oxygen-Free Copper Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
12 Spain Oxygen-Free Copper Market, 2021 - 2031 |
12.1 Spain Oxygen-Free Copper Market, Revenues & Volume, By Grade, 2021 - 2031 |
12.2 Spain Oxygen-Free Copper Market, Revenues & Volume, By Product Form, 2021 - 2031 |
12.3 Spain Oxygen-Free Copper Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
13 Rest of Europe Oxygen-Free Copper Market, 2021 - 2031 |
13.1 Rest of Europe Oxygen-Free Copper Market, Revenues & Volume, By Grade, 2021 - 2031 |
13.2 Rest of Europe Oxygen-Free Copper Market, Revenues & Volume, By Product Form, 2021 - 2031 |
13.3 Rest of Europe Oxygen-Free Copper Market, Revenues & Volume, By End Use Industry, 2021 - 2031 |
14 Europe Oxygen-Free Copper Market Key Performance Indicators |
15 Europe Oxygen-Free Copper Market - Opportunity Assessment |
15.1 Europe Oxygen-Free Copper Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Europe Oxygen-Free Copper Market Opportunity Assessment, By Grade, 2021 & 2031F |
15.3 Europe Oxygen-Free Copper Market Opportunity Assessment, By Product Form, 2021 & 2031F |
15.4 Europe Oxygen-Free Copper Market Opportunity Assessment, By End Use Industry, 2021 & 2031F |
16 Europe Oxygen-Free Copper Market - Competitive Landscape |
16.1 Europe Oxygen-Free Copper Market Revenue Share, By Companies, 2024 |
16.2 Europe Oxygen-Free Copper Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |