Allied Market Research recently published a report, titled, "Oxygen-Free Copper Market by Grade (Cu-OF and Cu-OFE), Product Type (Plate, Wire, Strip, Rod, and Others) and End User (Electrical & Electronics, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global oxygen-free copper industry was accounted for $18.1 billion in 2020, and is expected to reach $30.6 billion by 2030, growing at a CAGR of 5.5% from 2021 to 2030. 

Drivers, restraints, and opportunities 

Increase in demand from the electrical & electronics industry and surge in industrial growth drive the global oxygen-free copper market. However, availability of electrolytic tough pitch (ETP) copper as an alternative hinders the market growth. On the contrary, untapped utilization of oxygen-free copper among end-user industries is expected to open new opportunities for the market players in the future.