Aluminum Wire Rods Market in Europe by Application and Grade - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR41629

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The aluminum wire rods market in Europe has the potential to grow by 121.13 thousand tons by volume during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 1.56%.

This aluminum wire rods market research report of Europe provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (cables and conductors, mechanical, and deoxidization) and grade (electrical and alloy). The aluminum wire rods market report of Europe also offers information on several market vendors, including Boryszew SA Oddzial Nowoczesne Produkty Aluminiowe Skawina, Hindalco Industries Ltd., INOTAL Aluminiumfeldolgozo Zartkoruen Mukodo Reszvenytarsasag, Lamifil NV, National Aluminium Co. Ltd., Norsk Hydro ASA, Prysmian Spa, SURAL, United Company Rusal IPJSC, and Vimetco NV among others.

What will the Aluminum Wire Rods Market Size in Europe be in 2021?

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Aluminum Wire Rods Market in Europe: Key Drivers and Trends

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The growing demand for cables and conductors is notably driving the aluminum wire rods market growth in Europe, although factors such as fluctuations in raw material prices may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the aluminum wire rods industry in Europe get your FREE report sample now.

  • The expansion of power transmission and distribution networks and the growth in demand for cables and conductors are likely to propel the growth of the aluminum wire rods market in Europe. 
  • Aluminum is widely used to manufacture cables and conductors because it is lightweight and has high electrical conductivity.
  • The changes in the distribution systems, with an increase in underground transmission lines, are estimated to drive the demand for cables in Europe during the forecast period. 
  • There has also been an increase in the use of renewable energy, which is also expected to create a demand for power cables.
  • The advantages of aluminum wire rods will fuel the growth of the aluminum wire rods market size in Europe.
  • Though copper possesses better conductivity properties than aluminum, the consumption of the latter in the cable and conductor application is increasing due to factors such as greater strength-to-weight ratio.
  • Aluminum is priced approximately three times lower than copper. Furthermore, aluminum wire rods can be produced from various alloy products. 
  • Aluminum is being successfully used as a conductor material in end-use applications such as low voltage transformers.

This aluminum wire rods market analysis report of Europe also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Aluminum Wire Rods Market Vendors in Europe?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Boryszew SA Oddzial Nowoczesne Produkty Aluminiowe Skawina
  • Hindalco Industries Ltd.
  • INOTAL Aluminiumfeldolgozo Zartkoruen Mukodo Reszvenytarsasag
  • Lamifil NV
  • National Aluminium Co. Ltd.
  • Norsk Hydro ASA
  • Prysmian Spa
  • SURAL
  • United Company Rusal IPJSC
  • Vimetco NV

 

The aluminum wire rods market in Europe is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the aluminum wire rods market forecast report of Europe for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

What are the Revenue-generating Application Segments in the Aluminum Wire Rods Market in Europe?

Aluminum-Wire-Rods-Market-In-Europe-Market-Share-by-Application-2020-2025

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The aluminum wire rods market share growth in Europe by the cables and conductors segment will be significant during the forecast period. Aluminum wire rods are used to manufacture a wide range of cables and conductors due to their low costs and high electrical conductivity. Excellent characteristics, such as low weight and the relatively cost-effective nature of aluminum cables, are some of the key factors driving their adoption over copper cables. 

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in the demand for cables and conductors owing to the disruptions in the regional supply chain and the economic downturn across all the countries in Europe. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the aluminum wire rods market size in Europe.

 

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What are the Key Factors Covered in this Aluminum Wire Rods Market Report of Europe?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive aluminum wire rods market growth in Europe during the next five years
  • Precise estimation of the aluminum wire rods market size in Europe and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of aluminum wire rods market vendors in Europe 

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The aluminum wire rods market growth will increase by $145.76 thousand tons during 2019-2024.
The aluminum wire rods market is expected to grow at a CAGR of 1.83% during 2019-2024.
Technavio has segmented the aluminum wire rods market by application by volume (Cables and conductors, Mechanical, and Deoxidization) ,application (Transportation, Machinery, Metal fabrication, Consumer goods, and Others) , and geographic (Angola, Albania, and Argentina).
Boryszew SA Oddzial Nowoczesne Produkty Aluminiowe Skawina, Hindalco Industries Ltd., INOTAL Aluminiumfeldolgozo Zartkoruen Mukodo Reszvenytarsasag, Lamifil NV, National Aluminium Co. Ltd., Norsk Hydro ASA, Prysmian Spa, SURAL, United Company Rusal Plc, Vimetco NV are a few of the key vendors in the aluminum wire rods market.
Angola will register the highest growth rate of 80.50% among the other regions. Therefore, the aluminum wire rods market in Angola is expected to garner significant business opportunities for the vendors during the forecast period.
  • Argentina
  • Armenia
  • Angola
  • Albania
  • Bangladesh
  • East Africa
The key factors driving the aluminum wire rods market growth are:
  • Growing demand for cables and conductors
  • Rapid urbanization
The aluminum wire rods market vendors should focus on grabbing business opportunities from the cables and conductors segment as it accounted for the largest market share in the base year.

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