Market overview of the global aluminum wire rods
market
Publisher market research analyst predicts the
global aluminum wire rods market to grow at a CAGR of around 2% during the
forecast period. The increased investments in infrastructure are driving the
growth of this market. Developing economies such as India are heavily investing
in infrastructure activities to improve industrialization. Initiatives like
"Make in India" are anticipated to increase the demand for aluminum
wire rods during the forecast period.
The increased usage of particular conductors is also
expected to drive the market growth during the forecast period. Special
conductors such as Al-59, ACAR, and AACSR deliver superior performance in terms
of strength to weight ratio without compromising on current carrying capacity.
These conductors are anticipated to address the transmission issues within the
power grid sector.
Segmentation by grade and analysis of the
aluminum wire rods market
- Electrical
- Alloy
- Mechanical
Electrical grade aluminum wire rod is the most
popular segment and accounted for 58% of the market share during 2014. This
segment is expected to reach a market volume of around 2 million metric tons by
the end of 2019. Electrical grade aluminum wire rod is majorly used for the
production of conductors and cables that are used for transmission and
distribution applications.
Segmentation by application and analysis of the
aluminum wire rods market
- Conductors and cables
- Mechanical applications
- Deoxidization
The conductors and cables sector is the largest
consumer of aluminum wire rods and had a market share of around 78% during
2014. The usage of aluminum wire rods in this sector is expected to grow at a
rate of 2% during the forecast period. EC grade aluminum rods are widely used
for conductor production for transmission and distribution purposes followed by
alloy grades.
Geographical segmentation and analysis of the
aluminum wire rods market
- Americas
- APAC
- Europe
- MEA
APAC is the largest market of aluminum wire rods
and accounted for 60% of the market shares during 2014. China is the key demand
driver and the biggest market in this region. The demand in South Asia,
especially in India, is expected to grow rapidly due to the high consumption
and investments occurring in this region.
Competitive landscape and key vendors
The global aluminum wire rods market is highly
competitive. The market is witnessing an increase in consolidations. The market
is also expected to see an increase in the influx of private vendors.
The leading vendors in the market are
- Baotou Aluminium
- Hongfan
- RUSAL
- Southwire
- Sterlite
- Vedanta
- Vimetco
Other prominent vendors in the market include Alro,
Hydro, Hindalco, NALCO, OAPIL, TALCO, Inotal, Southern Cable, ACL Cables, and
Noranda Aluminum.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019
- What are the key factors driving the global aluminum wire rods market
- What are the key market trends impacting the growth of the aluminum wire rods market
- What are the challenges to market growth
- Who are the key vendors in this market space
- What are the market opportunities and threats faced by the vendors in the global aluminum wire rods market
- Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA
- What are the key outcomes of the five forces analysis of the aluminum wire rods market
Spanning over 71 pages and 53 Exhibit “Global
Aluminum Wire Rods Market 2015-2019” report covers Executive summary, Scope of the
report, Market research methodology, Introduction, Market landscape, Pricing
trends, Market segmentation by grade,
Market segmentation by application, Geographical segmentation, Key leading
countries, Market drivers, Impact of drivers, Market challenges, Impact of
drivers and challenges, Market trends, Vendor landscape, Key vendor analysis,
Appendix.
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