Market Overview:
The global aluminium magnesium alloy wire market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for aluminium magnesium alloy wires in various applications, such as cables, petrochemical industry, signal transmission, and others. In terms of type, the 220MPa segment is expected to lead the global aluminium magnesium alloy wire market during the forecast period. This can be attributed to its high tensile strength and corrosion resistance properties. North America is expected to lead the global aluminium magnesium alloy wire market during the forecast period owing to its growing automotive sector and expanding infrastructure development activities.
Product Definition:
Aluminium magnesium alloy wire is a type of alloy wire that is composed of aluminium and magnesium. This type of wire has a number of important applications, including in the aerospace and automotive industries. It can also be used in other types of manufacturing, such as for electrical wiring.
220MPa:
The 220MPa strength is the maximum pressure which can be applied to an element without causing permanent deformation. In alloying terms, it represents the proportional share of each metal in a given alloys. For instance, in aluminum- magnesium alloys, the proportion of aluminum should not be more than 70% and there should be enough magnesium to make up its weight by volume.
230MPa:
230MPa is the pressure required to penetrate a standard thickness of Al-Mg alloy at 23°C and is equivalent to the compressive strength of an aluminum-magnesium alloy. The 230 MPa penetration depth is approximately 1.5 times deeper than that of 150 MPa, which means that with increasing magnesium content in an aluminum alloys, the tensile strength (and thus wire hardness) increases proportionally.
The higher hardness.
Application Insights:
Cable application dominated the global market in terms of revenue share in 2017. The segment is projected to witness significant growth over the forecast period on account of increasing demand for high strength cables from construction, electrical and electronics industries. Increasing urbanization has led to an increase in construction activities which, in turn, is likely to propel product demand over the coming years.
Aluminum magnesium alloy wire finds applications across various sectors including petrochemical industry, power generation and energy transmission & distribution among others.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a volume share of more than 60% in 2017 owing to high product demand from various end-use industries, such as power, petrochemicals, construction and others. China is projected to remain an important market for global ALM wire industry on account of rapid industrialization along with increasing foreign investments in the country’s energy sector.
North America emerged as one of the prominent markets for global ALM wire industry due to rising oil & gas E&P activities across U.S., Canada and Mexico since 2014 which resulted into increased demand for cables used during well intervention activities including cementing operations, drilling operations and others. Moreover, growing number of renewable energy projects along with technological advancements are likely to drive product demand over next eight years.
Growth Factors:
- Increasing demand from the automotive and transportation sector for lightweight vehicles is expected to drive the growth of aluminium magnesium alloy wire market.
- Growing demand for electrical and electronic equipment owing to rising population and urbanization is also anticipated to fuel the growth of this market during the forecast period.
- Rising investments in infrastructure development projects across the globe is projected to create new opportunities for aluminium magnesium alloy wire market during forecast period.
- Increasing use of these alloys in medical implants, due to their properties such as biocompatibility, corrosion resistance, and light weight is likely to propel the demand for these wires in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminium Magnesium Alloy Wire Market Research Report
By Type
220MPa, 230MPa, 300MPa, 310MPa
By Application
Cables, Petrochemical Industry, Signal Transmission, Others
By Companies
HAL Aluminium Corporation, American Elements, Bansal Steel and Power Limited, Southwest Aluminum Group, Shanghai Metal Corporation, Hangzhou Aite Cable Co., Ltd., Jiangsu Hongji Aluminum Technology Co.,Ltd., Zibo Yydlcl
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Aluminium Magnesium Alloy Wire Market Report Segments:
The global Aluminium Magnesium Alloy Wire market is segmented on the basis of:
Types
220MPa, 230MPa, 300MPa, 310MPa
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
Cables, Petrochemical Industry, Signal Transmission, Others
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:
- HAL Aluminium Corporation
- American Elements
- Bansal Steel and Power Limited
- Southwest Aluminum Group
- Shanghai Metal Corporation
- Hangzhou Aite Cable Co., Ltd.
- Jiangsu Hongji Aluminum Technology Co.,Ltd.
- Zibo Yydlcl
Highlights of The Aluminium Magnesium Alloy Wire 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:
- 220MPa
- 230MPa
- 300MPa
- 310MPa
- By Application:
- Cables
- Petrochemical Industry
- Signal Transmission
- Others
- 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 Aluminium Magnesium Alloy Wire 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
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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?
Aluminium magnesium alloy wire is a type of wire made from aluminium and magnesium. It is often used in electrical applications because it has a high resistance to heat and corrosion.
Some of the major players in the aluminium magnesium alloy wire market are HAL Aluminium Corporation, American Elements, Bansal Steel and Power Limited, Southwest Aluminum Group, Shanghai Metal Corporation, Hangzhou Aite Cable Co., Ltd., Jiangsu Hongji Aluminum Technology Co.,Ltd., Zibo Yydlcl.
The aluminium magnesium alloy wire market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aluminium Magnesium Alloy Wire Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aluminium Magnesium Alloy Wire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aluminium Magnesium Alloy Wire Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aluminium Magnesium Alloy Wire Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aluminium Magnesium Alloy Wire Market Size & Forecast, 2020-2028
4.5.1 Aluminium Magnesium Alloy Wire Market Size and Y-o-Y Growth
4.5.2 Aluminium Magnesium Alloy Wire Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 220MPa
5.2.2 230MPa
5.2.3 300MPa
5.2.4 310MPa
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Cables
6.2.2 Petrochemical Industry
6.2.3 Signal Transmission
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aluminium Magnesium Alloy Wire Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aluminium Magnesium Alloy Wire Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 220MPa
9.6.2 230MPa
9.6.3 300MPa
9.6.4 310MPa
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Cables
9.10.2 Petrochemical Industry
9.10.3 Signal Transmission
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 220MPa
10.6.2 230MPa
10.6.3 300MPa
10.6.4 310MPa
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Cables
10.10.2 Petrochemical Industry
10.10.3 Signal Transmission
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 220MPa
11.6.2 230MPa
11.6.3 300MPa
11.6.4 310MPa
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Cables
11.10.2 Petrochemical Industry
11.10.3 Signal Transmission
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 220MPa
12.6.2 230MPa
12.6.3 300MPa
12.6.4 310MPa
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Cables
12.10.2 Petrochemical Industry
12.10.3 Signal Transmission
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 220MPa
13.6.2 230MPa
13.6.3 300MPa
13.6.4 310MPa
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Cables
13.10.2 Petrochemical Industry
13.10.3 Signal Transmission
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aluminium Magnesium Alloy Wire Market: Competitive Dashboard
14.2 Global Aluminium Magnesium Alloy Wire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HAL Aluminium Corporation
14.3.2 American Elements
14.3.3 Bansal Steel and Power Limited
14.3.4 Southwest Aluminum Group
14.3.5 Shanghai Metal Corporation
14.3.6 Hangzhou Aite Cable Co., Ltd.
14.3.7 Jiangsu Hongji Aluminum Technology Co.,Ltd.
14.3.8 Zibo Yydlcl
