What is Aluminium Alloy Wire Market?
Aluminium alloy wires are produced between 1 and 20 mm diameter according to different specifications or standards. For automotive conductors, accumulator cables and winding wires size of aluminium alloy wire not beyond 1 mm. Aluminium alloy wires are also designs and manufactures for special profiles on request of customers. Increasing manufacturing industry worldwide is driving the growth of the aluminium alloy wire market.
Highlights from Aluminium Alloy Wire Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Baotou Aluminium (China), Vedanta limited (India), Vimetco NV (Romania), RUSAL (Russia), Southwire (United States), The Lincoln Electric Company (United States), Kaiser Aluminum (United States), Alro S.A. (Romania), Hydro (Norway) and Liljedahl Winding Wire (Germany) |
Aluminium alloy wire market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products, along with try to incorporate latest technology. The companies are coming up with partnerships or agreements along with planning strategic activities such as new product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.The Vendors having a strong hold in the market are Baotou Aluminium, Vedanta limited, Vimetco NV, and RUSAL. Research Analyst at AMA predicts that European Vendors will contribute to the maximum growth of Global Aluminium Alloy Wire market throughout the forecasted period.
Baotou Aluminium (China), Vedanta limited (India), Vimetco NV (Romania), RUSAL (Russia), Southwire (United States), The Lincoln Electric Company (United States), Kaiser Aluminum (United States), Alro S.A. (Romania), Hydro (Norway) and Liljedahl Winding Wire (Germany) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Kingston Metals & Materials Inc (Canada). Aluminium Alloy Wire Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Construction, Electrical, Automotive and Other |
Type | 1000 Series, 2000 Series, 3000 Series, 4000 Series, 5000 Series, 6000 Series, 7000 Series and 8000 Series |
Distribution Channel | OEM,Distributors,Others |
On the basis of geography, the market of Aluminium Alloy Wire has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Rapid Electrification and Industrialization in Developing Countries
Market Growth Drivers:
Increasing Automobile Industry in Emerging Economies and Increasing Demand in the Power Capacity
Challenges:
Difficult To Processed On Raw Material
Restraints:
Intense Competition among the Competitors
Opportunities:
Increasing Demand from the Commercial Sector
Key Target Audience
Aluminium Alloy Manufacturers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Other
Market Leaders & Development Strategies
In July 2023, Kingston Metals & Materials Inc. (KM&M-Aluminum) started a new aluminum facility in Kingston, ON, Canada (Figure 1).. This new production line helped company to expand its presence in market
In February 2023, Vedanta Aluminium, the leading Aluminium producer launched its new range of 12 mm Aluminum Wire Rods for electrical application in transformers, automobiles and more. This launch helped company to expand its presence in aluminium alloy wire market