Enjoy complimentary customisation on priority with our Enterprise License!
The copper alloy wire market share is expected to increase by USD 18.16 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.21%.
This market research report 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 (electrical and electronics, construction, automotive, and others) and geography (APAC, Europe, North America, South America, and the Middle East and Africa). The market report also offers information on several market vendors, including Alloy Wire International, Aviva Metals Inc., Chaplin Bros Birmingham Ltd., CK SAN ETSU Co. Ltd., Deutsche Nickel GmbH, Diehl Stiftung and Co.KG, Furukawa Electric Co. Ltd., International Bron Metal SA, Jelliff, JLC Electromet Pvt. Ltd., Kamman Group, Knight Group, Little Falls Alloys, Metals United Alloys And Fusion Products Ltd., Mitsubishi Materials Corp., RCI Industries and Technologies Ltd., Saru Precision Wires Pvt. Ltd., Ulbrich Stainless Steels and Special Metals Inc., Wieland Werke AG, and YAMAKIN Co. Ltd. among others.
Download Report Sample to Unlock the Market Size for the Forecast Period and Other Important Statistics
The growing communication and electrical and electronics industries is notably driving the market growth, although factors such as increasing impurities in global copper concentrate supply may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the copper alloy wire industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Copper Alloy Wire Market Driver
The growing communication and electrical and electronics industries is one of the major drivers impacting the market growth. Copper alloy wires are extensively used in communication and electrical and electronics industries, especially in domestic subscriber lines, local area networks, mobile phones, transformers, connectors, and other major and minor electronic gadgets. They are used to manufacture circuits in microprocessors, owing to their heat-sink properties and high efficiency. They help in removing heat from transistors and increasing the operating capacity of processors. Owing to their high electrical conductivity, they are widely used to manufacture power cables for medium- and low-voltage applications. The global electrical and electronics industry is growing rapidly, owing to the increasing demand for consumer and industrial electronic products. In addition, the rapid growth in developing economies has increased the demand for electronic products. Therefore, with the growth of the communication and electrical and electronics industries, the demand for copper alloy wires will increase significantly during the forecast period.
Key Copper Alloy Wire Market Trend
Consolidation of fabricators of copper alloy wires is one of the major trends influencing the market growth. The fabricators of copper alloy wires have focused on mergers and acquisitions in the last few years, which have consolidated the market. Several fabricators merged, especially in Europe and the US, between 2017 and 2019, and the trend is expected to continue during the forecast period. The increase in the number of M&A activities will strengthen the global footprint of vendors and result in the advent of innovative offerings and solutions. Through mergers, companies planned to expand their production plants to increase the production of copper alloy wire rods between 2019 and 2021. For instance, in March 2022, Capstone Mining and Mantos Copper merged to become a mining company with operations in Chile, Mexico, and the US. The consolidation of the market is expected to increase the production capacity of vendors during the forecast period that produces copper alloy products, such as copper alloy wires. It will also strengthen the service and distribution networks of vendors. Such factors will drive the growth of the global market during the forecast period.
Key Copper Alloy Wire Market Challenge
Strict air quality standards for copper smelters is one of the major challenges impeding the market growth. Major copper processing countries, such as the US, Japan, China, and Chile, are facing environmental challenges and strict government regulations related to the control of these emissions. Regulations related to waste treatment and the disposal of impurities are hindering the treatment of copper concentrates. The US Environmental Protection Agency (EPA) has limited the emissions from primary copper smelters to 50 milligrams of standard cubic meters of particulate matter per day. Smelters are expected to maintain opacity at or below 20% and limit their sulfur dioxide emissions in the gases released from stacks to less than 650 parts per million averaged over six hours. Under these regulations, the Chilean smelters are working on reducing the emission limits by 200%-230% for arsenic and by 150%-190% for sulfur dioxide during the forecast period. The lack of effective treatment and disposal facilities for unstable waste-containing impurities will hamper the growth of the global market during the forecast period.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global market as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
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.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
61% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for copper alloy wire in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Rapid industrialization and the growth of the regional electrical and electronics industry will facilitate the market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, several industries, such as automotive, manufacturing, and construction, in most countries of the region witnessed disrupted operations due to the outbreak of COVID-19. The rise in the number of COVID-19 cases drastically affected the manufacturing activities that use copper alloy wires in their production process in APAC in the first half of 2020, as most countries in the region enforced nationwide lockdowns. The imposition of lockdowns in major countries in the region, such as India, China, and Japan, adversely impacted the manufacturing of automotive and consumer electronics, which directly use copper alloy wires to produce finished products.
To gain further insights on the market contribution of various segments Request a PDF Sample
The market share growth in the electrical and electronics segment will be significant during the forecast period. The electrical and electronics segment is expected to be the largest segment of the global market during the forecast period. Copper alloy wires are widely used in electrical and electronic applications, owing to their specific properties such as thermal and electrical conductivity, ductility, abrasion resistance, high mechanical strength, and biofouling resistance.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.
Copper Alloy Wire Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.21% |
Market growth 2022-2026 |
$ 18.16 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.04 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 61% |
Key consumer countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Alloy Wire International, Aviva Metals Inc., Chaplin Bros Birmingham Ltd., CK SAN ETSU Co. Ltd., Deutsche Nickel GmbH, Diehl Stiftung and Co.KG, Furukawa Electric Co. Ltd., International Bron Metal SA, Jelliff, JLC Electromet Pvt. Ltd., Kamman Group, Knight Group, Little Falls Alloys, Metals United Alloys And Fusion Products Ltd., Mitsubishi Materials Corp., RCI Industries and Technologies Ltd., Saru Precision Wires Pvt. Ltd., Ulbrich Stainless Steels and Special Metals Inc., Wieland Werke AG, and YAMAKIN Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.