The global aluminum wire rods market to grow at a CAGR of 1.86% during the period 2017-2021.
Global Aluminum Wire Rods Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
One trend in the market is modern casting technique to produce aluminum wire rods. The aluminum wire rods market has witnessed new techniques of the production of aluminum wire rods that reduce not only the cost of production, but also significantly reduces the processing time of the wire rods. Continuous casting is a unique method, different from other metal casting operations.
According to the report, one driver in the market is increasing demand for aluminum wire rods for power engineering. Electrical transmission lines prove to be the largest application segment for the global aluminum wire rods market backed by the economic advantage that aluminum wire rods offer by being less expensive than copper, while transmitting relatively more energy, in the field of power engineering. The increasing demand for the application of aluminum welding wires that are obtained from aluminum wire rods, and used in electrical transmission lines, not only contribute to increasing sales in the global aluminum wire rods market, but also plays a role in strengthening the market.
Further, the report states that one challenge in the market is LME price fluctuations. The LME prices can show high fluctuations. In July 2008, the price of aluminum was $3067. The price of aluminum decreased post-recession, principally due to less demand for aluminum and oversupply of inventory, which was then followed by an increase in the prices leading up to October 2010.
- HongFan Holdings
- Norsk Hydro
- Vedanta Resources
Other prominent vendors
- General Cable Technologies
- Hindalco Industries (Aditya Birla Management)
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market By Grade
Part 07: Market Segmentation By Application
Part 08: Geographical Segmentation
Part 09: Decision Framework
Part 10: Drivers And Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Key Vendor Analysis
Part 14: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/2dwv7n/global_aluminum