Global Aluminum Wire Rod Market Growth 2023-2029

Global Aluminum Wire Rod Market Growth 2023-2029

Product Code:455421

Published Date: Apr 25,2023

Pages: 111

Region: Global

Category: Chemical & Material

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The global Aluminum Wire Rod market size is projected to grow from US$ 9842.1 million in 2022 to US$ 12720 million in 2029; it is expected to grow at a CAGR of 3.7% from 2023 to 2029.

Global key producers of round aluminum rods are Xinfa Group, UC RUSAL, YuanWang Electronics, Vedanta, Sichuan Julong, East Hope, Hindalco, Southwire, Yihe Rare Earth Aluminum, and others. The top three producers have a total market share of 35%, with Xinfa Group being the largest producer with a 15% market share. The global origins are mainly located in Europe, China, Japan, India, Southeast Asia, etc. In terms of product categories, EC grade holds 55% of the market share and alloy grade holds 30%. In terms of applications, the power and communication industry is the top application area with a 70% market share and the machanical industry with a 15% share.

Wire rod is a rolled alloy or non-alloy steel product, produced from a semi (e.g. bloom) and having a round, rectangular or other cross-section. Aluminum wire rod is made of Aluminum.

LPI (LP Information)' newest research report, the “Aluminum Wire Rod Industry Forecast” looks at past sales and reviews total world Aluminum Wire Rod sales in 2022, providing a comprehensive analysis by region and market sector of projected Aluminum Wire Rod sales for 2023 through 2029. With Aluminum Wire Rod sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aluminum Wire Rod industry.

This Insight Report provides a comprehensive analysis of the global Aluminum Wire Rod landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Aluminum Wire Rod portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Aluminum Wire Rod market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aluminum Wire Rod and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Aluminum Wire Rod.

This report presents a comprehensive overview, market shares, and growth opportunities of Aluminum Wire Rod market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    EC Grade
    Alloy Grade
    Flipped Grade

Segmentation by application
    Power and Communications
    Mechanical Industry
    Other Industry

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Aluminum Corporation of China
    Vedanta
    Vimetco
    UC RUSAL
    Norsk Hydro
    Aditya Birla (Hindalco)
    OAPIL
    Inotal
    NALCO
    Sumitomo Electric
    NPA Skawina
    Arfin India
    Alucast
    Southwire
    Xinfa Group
    Sichuan Julong
    Shandong Innovation Metal
    East Hope
    Yihe Rare Earth Aluminum

Key Questions Addressed in this Report
What is the 10-year outlook for the global Aluminum Wire Rod market?
What factors are driving Aluminum Wire Rod market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Aluminum Wire Rod market opportunities vary by end market size?
How does Aluminum Wire Rod break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?