Global Aluminium Alloy Wire Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Aluminium Alloy Wire Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Aluminium alloys are alloys in which aluminium (Al) is the predominant metal. The typical alloying elements are copper, magnesium, manganese, silicon, tin and zinc.

Aluminium alloy wire is the wire and aluminium alloy wire rod made of aluminium alloys.

Market Overview:

The latest research study on the global Aluminium Alloy Wire market finds that the global Aluminium Alloy Wire market reached a value of USD 6243.8 million in 2022. It’s expected that the market will achieve USD 8182.54 million by 2028, exhibiting a CAGR of 4.61% during the forecast period.

Strength

Development of economy and technology.
Increase downstream demand, such as development of automobile, mechanical and electrical industry.

Weakness

Fierce competition.
Unbalance development.

Opportunity

High quality and function development trend.
Efficient industrial chain integration.
Emerging markets such as China, India, South America, Middle East.

Threat

Fluctuation price of raw materials.
Negotiation ability of downstream customers.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

Southwire is one of the major players operating in the Aluminium Alloy Wire market, holding a share of 12.54% in 2020.

Southwire

Southwire Company, LLC, also known as Kagan-Dixon Wire Corp., manufactures and supplies wires and cables for residential, commercial, underground and surface mining, industrial, transmission, substation, distribution, renewable power, and original equipment manufacturing (OEM) markets in North America. It provides aluminum building wires, automotive cables, branch circuit cables, copper building wires, data com and low voltage electronics wires, feeder cables, flexible cords, flexible conduits, industrial portable cords and cables, telecom cables, well pump and low voltage irrigation cables, and whip products.

Hydro

Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.

Segmentation Overview:

Among different product types, 1000 Series segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Electrical segment occupied the biggest share from 2017 to 2022.

Electrical

Industrial electrical products include power equipment, power systems and transmission and distribution products, automatic control systems and products, safety and environmental protection equipment, lighting and temperature control systems, and other system equipment and products used in many fields.

Welding

Welding is a fabrication or sculptural process that joins materials, usually metals or thermoplastics, by causing fusion, which is distinct from lower temperature metal-joining techniques such as brazing and soldering, which do not melt the base metal.

Automotive

The automotive industry is a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles, some of them are called automakers.

Mechanical

The machinery industry refers to the industrial sector that produces mechanical products, such as metal products manufacturing industry, daily metal products industry and metal products repair industry.

Key Companies in the global Aluminium Alloy Wire market covered in Chapter 3:

Arfin India Limited
Alcoa Corporation
Vedanta
Southwire
TRIMET Aluminium SE
NPA Skawina
Sumitomo Electric Industries
Hydro
Kaiser Aluminum
Chalco
Vimetco
General Cable
UC RUSAL

In Chapter 4 and Chapter 14.2, on the basis of types, the Aluminium Alloy Wire market from 2018 to 2029 is primarily split into:

1000 Series
4000 Series
5000 Series
8000 Series
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Aluminium Alloy Wire market from 2018 to 2029 covers:

Electrical
Welding
Automotive
Mechanical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)