Aluminum Wire Market Size, Share & Trend Analysis Report By Grade (Electrical, Mechanical), By Application (Building & Construction, Power & Energy), By Region, And Segment Forecasts, 2023 - 2030

Aluminum Wire Market Size, Share & Trend Analysis Report By Grade (Electrical, Mechanical), By Application (Building & Construction, Power & Energy), By Region, And Segment Forecasts, 2023 - 2030


Aluminum Wire Market Growth & Trends


The global aluminum wire market size is expected to reach USD 34.91 billion by 2030, registering a CAGR of 6.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to be driven by the growing requirement of upgrading infrastructure for the electricity distribution and increasing investments in construction, automotive, telecom, power, and energy industries.

Rising preference for an upgraded infrastructure with safe electrical distribution system is propelling consumption of aluminum wire in power lines, which is expected to play a key role in boosting product demand during the coming years. Moreover, growing emphasis towards lightweight materials in manufacturing electric vehicles (EVs) and other automotive parts is anticipated to further drive the market growth throughout the forecast period.

The soaring industry growth was however, obstructed in 2020 owing to the COVID-19 outbreak. This impact can be reflected in negative sales revenue of the key players as many companies had to shut down their manufacturing plants temporarily. The supply constraints of raw materials owing to the cut down of aluminum production by China, along with the ongoing Russia-Ukraine war have led to the fluctuations in the global prices, and are anticipated to restrain the demand for aluminum products to a certain extent during the forecast period.

The companies are adopting strategic initiatives such as mergers & acquisition to expand their presence and capacity. The key players are focusing on R&D to strengthen innovations, technologies, and brand recognition in order to meet the new demand rising amid the current situation. For instance, in May 2021, Tirupati Graphite PLC invented a graphene-aluminum (Al-Gr) composite with materialized superior thermal conductivity and more than 95.0% of copper's electrical conductivity. The company is in process of working with FTSE 100 engineering group to further develop and commercialize the Al-Gr composite and explore its commercial opportunities.

Aluminum Wire Market Report Highlights

  • Based on grade, electrical held the largest revenue share of more than 80.0% in 2022 of the global market. This is attributable to growing demand for the product in power distribution related applications and electronics
  • Based on application, power & energy is expected to grow at the fastest rate of 7.1% in terms of revenue, during the forecast period. The growth is attributed to rising need for upgrading electricity distribution systems used for the transmission of electric current in residential and non-residential buildings
  • Based on region, Asia Pacific dominated the market with more than 75.0% share of the global revenue in 2022. Growing investments in telecom sector of the developing economies of the region is expected to augment the market growth during the forecast period
  • In recent years the pries of aluminum have been volatile owing to the uncertainties such as the COVID-19 outbreak, the East European geopolitical conflict, rising inflation, economic uncertainties, across the world, and possible recession fears. The manufacturing costs of the industry are negatively impacted by the raw material costs
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Information Analysis
1.3.2. Data Analysis Models
1.3.3. Market Formulation & Data Visualization
1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.1.1. Global Aluminum Market
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Trends
3.3. Manufacturing Trends & Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Market Opportunity Analysis
3.5.4. Market Challenges
3.6. Porter’s Five Forces Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of Substitution
3.6.4. Threat of New Entrants
3.6.5. Competitive Rivalry
3.7. PESTLE Analysis
3.7.1. Political
3.7.2. Economic
3.7.3. Social Landscape
3.7.4. Technology
3.7.5. Environmental
3.7.6. Legal
Chapter 4. Aluminum Wire Market: Grade Estimates & Trend Analysis
4.1. Aluminum Wire Market: Grade Movement Analysis, 2022 & 2030
4.2. Electrical
4.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.3. Mechanical
4.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
4.4. Others
4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 5. Aluminum Wire Market: Application Estimates & Trend Analysis
5.1. Aluminum Wire Market: Application Movement Analysis, 2022 & 2030
5.2. Buildings & Construction
5.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.3. Automotive & Transportation
5.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.4. Electrical & Electronics
5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.5. Telecommunication
5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.6. Power & Energy
5.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
5.7. Others
5.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
Chapter 6. Aluminum Wire Market: Regional Estimates & Trend Analysis
6.1. Regional Analysis, 2022 & 2030
6.2. North America
6.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.2.4. U.S.
6.2.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.4.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.2.5. Canada
6.2.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.2.6. Mexico
6.2.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.2.6.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.3. Europe
6.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.3.4. Germany
6.3.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.4.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.3.5. UK
6.3.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.3.6. France
6.3.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.6.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.3.7. Spain
6.3.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.7.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.3.7.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.3.8. Italy
6.3.8.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.3.8.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.3.8.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.4.4. China
6.4.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.4.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.4.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.4.5. India
6.4.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.4.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.4.6. Japan
6.4.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.6.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.4.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.4.7. South Korea
6.4.7.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.7.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.4.7.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.4.8. Indonesia
6.4.8.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.4.8.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.4.8.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.5.4. Brazil
6.5.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.4.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.5.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.5.5. Argentina
6.5.5.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.5.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.5.5.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.6.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
6.6.4. GCC
6.6.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Million)
6.6.4.2. Market estimates and forecasts, by grade, 2018 - 2030 (Kilotons) (USD Million)
6.6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (Kilotons) (USD Million)
Chapter 7. Competitive Landscape
7.1. Recent Developments & Impact Analysis, By Key Market Participants
7.2. Company Ranking
7.3. Heat Map Analysis
7.4. Market Strategies
7.5. Vendor Landscape
7.5.1. List of raw material supplier, key manufacturers, and distributors
7.5.2. List of prospective end-users
7.6. Strategy Mapping
7.7. Company Profiles/Listing
7.7.1. Kaiser Aluminum
7.7.1.1. Company Overview
7.7.1.2. Financial Performance
7.7.1.3. Product Benchmarking
7.7.2. Prysmian S.p.A.
7.7.2.1. Company Overview
7.7.2.2. Financial Performance
7.7.2.3. Product Benchmarking
7.7.3. South wire Company, LLC
7.7.3.1. Company Overview
7.7.3.2. Product Benchmarking
7.7.4. Cerrowire LLC
7.7.4.1. Company Overview
7.7.4.2. Product Benchmarking
7.7.5. Encore Wire Corporation
7.7.6. Company Overview
7.7.6.1. Financial Performance
7.7.6.2. Product Benchmarking
7.7.7. NEXANS
7.7.7.1. Company Overview
7.7.7.2. Financial Performance
7.7.7.3. Product Benchmarking
7.7.8. Sumitomo Electric Industries, Ltd.
7.7.8.1. Company Overview
7.7.8.2. Financial Performance
7.7.8.3. Product Benchmarking
7.7.9. Southern Cable Group Berhad
7.7.9.1. Company Overview
7.7.9.2. Financial Performance
7.7.9.3. Product Benchmarking
7.7.10. Henan Chalco Aluminium
7.7.10.1. Company Overview
7.7.10.2. Product Benchmarking
7.7.11. DUCAB
7.7.11.1. Company Overview
7.7.11.2. Product Benchmarking

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