Press release
Aluminum Wire Rod Market Size, Share, Development by 2024
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https://www.globalinforesearch.com/global-aluminum-wire-rod-market_p199849.html
Wire rod is a rolled alloy or non-alloy steel product, produced from a semi (e.g. bloom) and having a round, rectangular or other cross-section. Aluminum wire rod is made of Aluminum.
Scope of the Report:
At present, in the foreign industrial developed countries the Aluminum Wire Rod industry is generally at a more advanced level, the world's large enterprises and production are mainly concentrated in the United States, Europe, etc. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, the technical level is in a leading position. But foreign companies’ manufacturing cost is relatively high, compared with Chinese companies, the manufacturing cost is competitive disadvantage, as Chinese Aluminum Wire Rod production enterprise technology continues to improve, in 2015, Chinese production accounts for over 37% of the world total production, coupled with some Chinese new production lines will be put into operation in future, Chinese market share will surely increase.
Now, the leading manufacturers of Aluminum Wire Rod located in the China, USA, Europe, such as Vmetco (Europe), UC RUSAL (Europe), Inotal (Europe), Hydro (Europe), Southwire (USA), Alro (USA), Baotou Aluminum(Group)Co.,Ltd.(China), Hongfan Holdings Ltd. (China), Vedanta (India), SOUTHERN CABLE (Malaysia), occupied 42.62% market share in 2015, followed by Hindalco Industries Limited (India), NALCO (India), Serlite (India) and Noranda (USA), they occupied 4.92 market share in 2015.
New enterprise can cooperate with the leading company, such as Baotou Aluminum(Group)Co.,Ltd, and also must strengthen the study of the product, to promote the company's products to obtain industry competitiveness and market share. Although Aluminum Wire Rod brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
The worldwide market for Aluminum Wire Rod is expected to grow at a CAGR of roughly 1.4% over the next five years, will reach 17330 million US$ in 2024, from 16190 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Aluminum Wire Rod in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
Baotou Aluminum
Vedanta
Vimetco
UC RUSAL
Southwire
Hongfan
Alro
Hydro
Southern Cable
Noranda Aluminum
Hindalco
OAPIL
Inotal
NALCO
Sterlite
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Electrical
Alloy
Mechanical
Market Segment by Applications, can be divided into
Conductors and Cables
Mechanical Applications
Deoxidization
For More Information On This Report, Please Visit @
https://www.globalinforesearch.com/global-aluminum-wire-rod-market_p199849.html
Related Information:
North America Aluminum Wire Rod Market Growth 2019-2024
United States Aluminum Wire Rod Market Growth 2019-2024
Asia-Pacific Aluminum Wire Rod Market Growth 2019-2024
Europe Aluminum Wire Rod Market Growth 2019-2024
EMEA Aluminum Wire Rod Market Growth 2019-2024
Global Aluminum Wire Rod Market Growth 2019-2024
China Aluminum Wire Rod Market Growth 2019-2024
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