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Global Aluminum Wire Rods Market 2017-2021

  • Published: Aug 2017
  • Pages: 91
  • SKU: IRTNTR13937
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This industry research report identifies HongFan Holdings, Norsk Hydro, RUSAL, Vedanta Resources, and Vimetco as the key vendors in the global aluminum wire rods market. A comprehensive analysis of this market is also presented by aluminum wire rods market segmentation, by grade (electrical grade, alloy grade, and mechanical grade), by application (conductors and cables, mechanical applications, and deoxidization), and by geography (the Americas, APAC, Europe, and MEA).

Overview of the global aluminum wire rods market

Research analysis on the global aluminum wire rods market identifies that the initiatives from the governments of various countries will be one of the major factors that will have a positive impact on the growth of the market. Technavio’s market research analysts predict that in terms of volume, this market will grow at a CAGR of nearly 2% by 2021. The growth of the aluminum wire rods market is largely driven by the increased support from governments for domestic aluminum manufacturers. The support provided by the governments helps vendors in maintaining a stable market growth with bigger profit margins and also assists them in enhancing their presence across the globe. For instance, the Chinese government provides subsidies to aluminum manufacturers including subsidized energy prices and discounts in the pricing of aluminum. Additionally, the government also offers capital sanctions and beneficial lending terms with subsidized infrastructure and land for the manufacture of aluminum. This increased government support for the vendors plays a significant role in strengthening and the growth of the aluminum wire rod manufacturers in turn, fueling market growth.

In terms of geographic regions, APAC will be the major contributor to the aluminum wire rods market throughout the forecast period.  The increasing investments in infrastructure developments will be a major factor contributing to the high consumption of aluminum wire rods in this region. Countries such as China and India already witness a high demand for aluminum wire rods.

 

 

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  • Identify latent opportunities and explorative solutions in the aluminum wire rods market
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Competitive landscape and key vendors 

The aluminum wire rods market is quite competitive and the maximum market share is held by the key vendors. Aluminum wire rod manufacturers should focus on increasing their R&D investments and on customer-centric product manufacturing and improved supply chain network to lower lead time. To gain a competitive advantage, the vendors will start focusing on cost-effective manufacturing processes.

 

The leading vendors in the market are -

 

  • HongFan Holdings
  • Norsk Hydro
  • RUSAL
  • Vedanta Resources
  • Vimetco
  • The other prominent vendors in the market are Alcoa, Alro, General Cable Technologies, Hindalco Industries (Aditya Birla Management), INOTAL, Lamifil, OAPIL, and Southwire.

 

Segmentation by grade and analysis of the aluminum wire rods market

  • Electrical grade
  • Alloy grade
  • Mechanical grade

During 2016, the electrical grade segment accounted for the major shares of the aluminum wire rods market. The low-cost benefits and improved properties like uniform temperature and better quality will be the major factors augmenting the growth prospects of the market in this industry segment in the coming years.

 

Segmentation by application and analysis of the aluminum wire rods market

  • Conductors and cables
  • Mechanical applications
  • Deoxidization

According to this market research report, the conductors and cables segment will account for the maximum shares of the aluminum wire rods market until 2021. The strong demand for aluminum wire rods in electrical transmission and distribution applications owing to its features such as light weight, corrosion resistance, and increased conductivity, will drive the growth of the market in this segment.

 

Key questions answered in the report include

  • What will the market size and the growth rate be of the global aluminum wire rods market  in 2021?
  • What are the key factors driving the global aluminum wire rods market?
  • What are the key market trends impacting the growth of the global aluminum wire rods market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global aluminum wire rods market?
  • What are the market opportunities and threats faced by the vendors in the global aluminum wire rods market?
  • Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
  • What are the key outcomes of the five forces analysis of the global aluminum wire rods market?

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

  • Market outline
  • Aluminum wire rods industry value chain

PART 05: Market landscape

  • Overview: Global aluminum wire rods market
  • Market size and forecast
  • Five forces analysis

PART 06: Market by grade

  • Overview: Global aluminum wire rods market by grade
  • Global aluminum wire rods market for electrical grade
  • Global aluminum wire rods market for alloy grade
  • Global aluminum wire rods market for mechanical grade

PART 07: Market segmentation by application

  • Overview: Global aluminum wire rods market by application
  • Global aluminum wire rods market for conductors and cables
  • Global aluminum wire rods market for mechanical applications
  • Global aluminum wire rods market for deoxidization

PART 08: Geographical segmentation

  • Overview: Global aluminum wire rods market by geography
  • Aluminum wire rods market in APAC
  • Aluminum wire rods market in Americas
  • Aluminum wire rods market in Europe
  • Aluminum wire rods market in MEA

PART 09: Decision framework

PART 10: Drivers and challenges

  • Market drivers
  • Market challenges

PART 11: Market trends

  • Modern casting technique to produce aluminum wire rods
  • Conductor manufacturers with average utilization levels
  • Increased utilization of special conductors

PART 12: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 13: Key vendor analysis

  • HongFan Holdings
  • Norsk Hydro
  • RUSAL
  • Vedanta Resources
  • Vimetco

PART 14: Appendix

  • List of abbreviations

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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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