“ Global
Aluminum
Wire Rods Market 2015-2019” is the latest addition to
MarketResearchReports.Biz industry research reports collection.
Market overview of the
global aluminum wire rods market
Technavios market research
analyst predicts the global aluminum wire rods market to grow at a
CAGR of around 2% during the forecast period. The increased
investments in infrastructure are driving the growth of this market.
Developing economies such as India are heavily investing in
infrastructure activities to improve industrialization. Initiatives
like "Make in India" are anticipated to increase the demand
for aluminum wire rods during the forecast period.
The increased usage of
particular conductors is also expected to drive the market growth
during the forecast period. Special conductors such as Al-59, ACAR,
and AACSR deliver superior performance in terms of strength to weight
ratio without compromising on current carrying capacity. These
conductors are anticipated to address the transmission issues within
the power grid sector.
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Segmentation by grade and
analysis of the aluminum wire rods market
- Electrical
- Alloy
- Mechanical
Electrical grade aluminum wire
rod is the most popular segment and accounted for 58% of the market
share during 2014. This segment is expected to reach a market volume
of around 2 million metric tons by the end of 2019. Electrical grade
aluminum wire rod is majorly used for the production of conductors
and cables that are used for transmission and distribution
applications.
Segmentation by application
and analysis of the aluminum wire rods market
- Conductors and cables
- Mechanical applications
- Deoxidization
The conductors and cables
sector is the largest consumer of aluminum wire rods and had a market
share of around 78% during 2014. The usage of aluminum wire rods in
this sector is expected to grow at a rate of 2% during the forecast
period. EC grade aluminum rods are widely used for conductor
production for transmission and distribution purposes followed by
alloy grades.
Geographical segmentation
and analysis of the aluminum wire rods market
- Americas
- APAC
- Europe
- MEA
APAC is the largest market of
aluminum wire rods and accounted for 60% of the market shares during
2014. China is the key demand driver and the biggest market in this
region. The demand in South Asia, especially in India, is expected to
grow rapidly due to the high consumption and investments occurring in
this region.
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Competitive landscape and
key vendors
The global aluminum wire rods
market is highly competitive. The market is witnessing an increase in
consolidations. The market is also expected to see an increase in the
influx of private vendors.
The leading vendors in the
market are
- Baotou Aluminium
- Hongfan
- RUSAL
- Southwire
- Sterlite
- Vedanta
- Vimetco
Other prominent vendors in the
market include Alro, Hydro, Hindalco, NALCO, OAPIL, TALCO, Inotal,
Southern Cable, ACL Cables, and Noranda Aluminum.
Table of Content :
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
PART 03: Market research
methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
Aluminum wire rods industry
value chain
PART 05: Market landscape
Global aluminum wire rods
market
Five forces analysis
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