Global Aluminium Wire Rod Market Growth 2023-2029

Global Aluminium Wire Rod Market Growth 2023-2029

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

This Insight Report provides a comprehensive analysis of the global Aluminium 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 Aluminium Wire Rod portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Aluminium Wire Rod market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aluminium 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 Aluminium Wire Rod.

The global Aluminium Wire Rod market size is projected to grow from US$ 16320 million in 2022 to US$ 18050 million in 2029; it is expected to grow at a CAGR of 18050 from 2023 to 2029.

Global Aluminum Wire Rod key players include Baotou Aluminum, UC RUSAL, Southwire, Hongfan, Alro, etc. Global top five manufacturers hold a share over 25%.

China is the largest market, with a share over 45%, followed by North America and Europe, both have a share over 25 percent.

In terms of product, Electrical is the largest segment, with a share about 60%. And in terms of application, the largest application is Conductors and Cables, followed by Mechanical Applications.

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

Market Segmentation:

Segmentation by type
1024 Type
2011 Type
6063 Type
Others

Segmentation by application
Aerospace
Automobile
Architecture
Others

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.
Norsk Hydro
NPA Skawina
Midal Cables
Boryszew S.A
Murti Udyog Ltd

Key Questions Addressed in this Report

What is the 10-year outlook for the global Aluminium Wire Rod market?

What factors are driving Aluminium Wire Rod market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Aluminium Wire Rod market opportunities vary by end market size?

How does Aluminium Wire Rod break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.