Aluminum Wire Rods Market In Europe 2024-2028
The aluminum wire rods market in Europe is forecasted to grow by USD 1.17 bn during 2023-2028, accelerating at a CAGR of 5.54% during the forecast period. The report on the aluminum wire rods market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for cables and conductors, an increase in steel production in Europe, and the advantages of aluminum wire rods.
Technavio's aluminum wire rods market in Europe is segmented as below:
By Application
- Cables and conductors
- Mechanical
- Deoxidization
By Grade Type
This study identifies the growing focus on aluminum recycling and consumption of secondary aluminum as one of the prime reasons driving the aluminum wire rods market in Europe growth during the next few years. Also, rise in HVDC cable installations and an increase in demand for aluminum welding wires for maintenance activities will lead to sizable demand in the market.
The report on the aluminum wire rods market in Europe covers the following areas:
- Aluminum wire rods market in Europe sizing
- Aluminum wire rods market in Europe forecast
- Aluminum wire rods market in Europe industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading aluminum wire rods market in Europe vendors that include Alcoa Corp., Asturiana de Aleaciones S.A., Hindalco Industries Ltd., INOTAL Alumniumfeldolgozo Zrt., Lamifil NV, LONTANA S.A., National Aluminium Co. Ltd., Nexans SA, Norsk Hydro ASA, NPA Skawina Sp. z o.o., Prysmian Spa, TRIMET Aluminium SE, United Company RUSAL, Vedanta Ltd, Vimetco NV, and Zvetlit. Also, the aluminum wire rods market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.