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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.
Market Analysis and Insights: Global Aluminum Wire Rod Market
Due to the COVID-19 pandemic, the global Aluminum Wire Rod market size is estimated to be worth US$ 16680 million in 2021 and is forecast to a readjusted size of US$ 16680 million by 2028 with a CAGR of 1.4% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Aluminum Wire Rod global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
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.
Global Aluminum Wire Rod Scope and Market Size
The global Aluminum Wire Rod market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Aluminum Wire Rod market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Electrical
Alloy
Mechanical
Segment by Application
Conductors and Cables
Mechanical Applications
Deoxidization
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Baotou Aluminum
Vedanta
Vimetco
UC RUSAL
Southwire
Hongfan
Alro
Hydro
Southern Cable
Noranda Aluminum
Hindalco
OAPIL
Inotal
NALCO
Sterlite
Market Analysis and Insights: Global Aluminum Wire Rod Market
Due to the COVID-19 pandemic, the global Aluminum Wire Rod market size is estimated to be worth US$ 16680 million in 2021 and is forecast to a readjusted size of US$ 16680 million by 2028 with a CAGR of 1.4% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Aluminum Wire Rod global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
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.
Global Aluminum Wire Rod Scope and Market Size
The global Aluminum Wire Rod market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Aluminum Wire Rod market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Electrical
Alloy
Mechanical
Segment by Application
Conductors and Cables
Mechanical Applications
Deoxidization
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Baotou Aluminum
Vedanta
Vimetco
UC RUSAL
Southwire
Hongfan
Alro
Hydro
Southern Cable
Noranda Aluminum
Hindalco
OAPIL
Inotal
NALCO
Sterlite
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
