The global oxygen-free copper market is experiencing a healthy growth, and this trend will continue in the years to come as well.
Copper is the most conductive material on earth after silver, the wires made with copper are more conductive than aluminum wires. For transferring the similar volume of current in an 8 AWG wire made with copper, a 6 AWG conductor, made of alumunium, which is 25% thicker is needed.

The increased use of oxygen-free copper wires in electric vehicles and electronics and electrical industry is responsible for the expansion of the industry. Apart from this, these wires are in high demand due to their exceptional ductility, electrical and thermal conductivity, high impact strength, and ease of welding.

Major automakers of the world are also devotedly working to produce EVs in order to reduce carbon emissions and decrease the amount of greenhouse gases. As a result, there is an increasing need for oxygen-free copper. The need for oxygen-free copper busbars and cables is increasing because of the expansion of the EV industry.

In the past, Tata Motors launched Tata Nexon EV, an electric SUV, in India; it sold approximately 4,000 units till March 2021. EVs need intelligent connectivity solutions for electrically powered systems, like oxygen-free copper busbars and cables, thus powering the growth of oxygen-free copper.

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The oxygen-free category had the larger share in terms of both volume and value. It is because of the to the rising demand for oxygen-free copper in magnetometers, electromagnets, superconductors, and the expanding EV industry. This trend will persist in the future.

The wires category was the largest in the industry, on the basis of product. This is due to increased use of oxygen-free copper wires in electronics, microwave tubes, vacuum capacitors, vacuum interrupters, and vacuum seals.
If we talk about the end-users, the electrical and electronics category would have significant growth in the future. This growth can be credited to the widespread use of oxygen-free copper in the production of superconductors and semiconductors, as well as to the rising need for electricity worldwide.

Oxygen-free copper is an essential component in the electronics and electrical industries due to its improved electrical conductivity.