The global aluminum wire rods market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 2.2 billion by 2030. The growth of this market can be attributed to the increasing demand for aluminum wire rods in various applications such as electrical, alloy and mechanical applications. Aluminum wire rods are used in electrical applications such as conductors and cables, which is one of the major drivers for this market. The demand for aluminum wire rods in mechanical applications is also on the rise due to their high strength-to-weight ratio and corrosion resistance properties that make them suitable for use in various industries such as automotive, aerospace and construction among others. The global aluminum wire rod market has been segmented based on type into electrical, alloy and mechanical; based on application into conductors and cables, mechanical applications (such as deoxidization) and others; by region into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) & Middle East & Africa (MEA).
- Aluminum wire rods are used in a variety of industries, including construction, automotive, and aerospace.
- The demand for aluminum wire rods is expected to grow as the global population increases and the need for new infrastructure increases.
- The price of aluminum wire rods is expected to increase due to increased demand and decreased supply from China's production cuts on aluminum products in 2018.
- Aluminum wire rod prices are also expected to increase due to increased demand from emerging markets such as India and Brazil, which have been experiencing economic growth in recent years.
- The price of aluminum wire rods is also expected to increase due to increasing energy costs.
Industry Growth Insights published a new data on “Aluminum Wire Rods Market”. The research report is titled “Aluminum Wire Rods Market research by Types (Electrical, Alloy, Mechanical), By Applications (Conductors and Cables, Mechanical Applications, Deoxidization), By Players/Companies Baotou Aluminium, Vedanta, Vimetco, UC RUSAL, Southwire, Hongfan, Alro, Hydro, Southern Cable, Noranda Aluminum”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminum Wire Rods Market Research Report
By Type
Electrical, Alloy, Mechanical
By Application
Conductors and Cables, Mechanical Applications, Deoxidization
By Companies
Baotou Aluminium, Vedanta, Vimetco, UC RUSAL, Southwire, Hongfan, Alro, Hydro, Southern Cable, Noranda Aluminum
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Aluminum Wire Rods Market Report Segments:
The global Aluminum Wire Rods market is segmented on the basis of:
Types
Electrical, Alloy, Mechanical
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Conductors and Cables, Mechanical Applications, Deoxidization
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Baotou Aluminium
- Vedanta
- Vimetco
- UC RUSAL
- Southwire
- Hongfan
- Alro
- Hydro
- Southern Cable
- Noranda Aluminum
Highlights of The Aluminum Wire Rods Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electrical
- Alloy
- Mechanical
- By Application:
- Conductors and Cables
- Mechanical Applications
- Deoxidization
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aluminum Wire Rods Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aluminum wire rods are a type of metal rod used in construction. They are made from aluminum and have a diameter of about 0.8 inches (2 cm). Aluminum wire rods are often used to create frames, supports, and other parts for buildings or other structures.
Some of the major companies in the aluminum wire rods market are Baotou Aluminium, Vedanta, Vimetco, UC RUSAL, Southwire, Hongfan, Alro, Hydro, Southern Cable, Noranda Aluminum.
The aluminum wire rods market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Aluminum Wire Rods Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Aluminum Wire Rods Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Aluminum Wire Rods Market - Supply Chain
4.5. Global Aluminum Wire Rods Market Forecast
4.5.1. Aluminum Wire Rods Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Aluminum Wire Rods Market Size (000 Units) and Y-o-Y Growth
4.5.3. Aluminum Wire Rods Market Absolute $ Opportunity
5. Global Aluminum Wire Rods Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Aluminum Wire Rods Market Size and Volume Forecast by Type
5.3.1. Electrical
5.3.2. Alloy
5.3.3. Mechanical
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Aluminum Wire Rods Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Aluminum Wire Rods Market Size and Volume Forecast by Application
6.3.1. Conductors and Cables
6.3.2. Mechanical Applications
6.3.3. Deoxidization
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Aluminum Wire Rods Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Aluminum Wire Rods Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Aluminum Wire Rods Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Aluminum Wire Rods Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Aluminum Wire Rods Demand Share Forecast, 2019-2026
9. North America Aluminum Wire Rods Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Aluminum Wire Rods Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Aluminum Wire Rods Market Size and Volume Forecast by Application
9.4.1. Conductors and Cables
9.4.2. Mechanical Applications
9.4.3. Deoxidization
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Aluminum Wire Rods Market Size and Volume Forecast by Type
9.7.1. Electrical
9.7.2. Alloy
9.7.3. Mechanical
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Aluminum Wire Rods Demand Share Forecast, 2019-2026
10. Latin America Aluminum Wire Rods Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Aluminum Wire Rods Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Aluminum Wire Rods Market Size and Volume Forecast by Application
10.4.1. Conductors and Cables
10.4.2. Mechanical Applications
10.4.3. Deoxidization
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Aluminum Wire Rods Market Size and Volume Forecast by Type
10.7.1. Electrical
10.7.2. Alloy
10.7.3. Mechanical
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Aluminum Wire Rods Demand Share Forecast, 2019-2026
11. Europe Aluminum Wire Rods Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Aluminum Wire Rods Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Aluminum Wire Rods Market Size and Volume Forecast by Application
11.4.1. Conductors and Cables
11.4.2. Mechanical Applications
11.4.3. Deoxidization
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Aluminum Wire Rods Market Size and Volume Forecast by Type
11.7.1. Electrical
11.7.2. Alloy
11.7.3. Mechanical
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth rojections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Aluminum Wire Rods Demand Share, 2019-2026
12. Asia Pacific Aluminum Wire Rods Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Aluminum Wire Rods Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Aluminum Wire Rods Market Size and Volume Forecast by Application
12.4.1. Conductors and Cables
12.4.2. Mechanical Applications
12.4.3. Deoxidization
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Aluminum Wire Rods Market Size and Volume Forecast by Type
12.7.1. Electrical
12.7.2. Alloy
12.7.3. Mechanical
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Aluminum Wire Rods Demand Share, 2019-2026
13. Middle East & Africa Aluminum Wire Rods Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Aluminum Wire Rods Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Aluminum Wire Rods Market Size and Volume Forecast by Application
13.4.1. Conductors and Cables
13.4.2. Mechanical Applications
13.4.3. Deoxidization
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Aluminum Wire Rods Market Size and Volume Forecast by Type
13.7.1. Electrical
13.7.2. Alloy
13.7.3. Mechanical
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Aluminum Wire Rods Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Aluminum Wire Rods Market: Market Share Analysis
14.2. Aluminum Wire Rods Distributors and Customers
14.3. Aluminum Wire Rods Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Baotou Aluminium
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Vedanta
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Vimetco
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. UC RUSAL
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Southwire
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hongfan
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Alro
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hydro
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Southern Cable
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Noranda Aluminum
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook