Aluminum Wire Rod Research:CAGR of 4.2% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Aluminum Wire Rod- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Aluminum Wire Rod was estimated to be worth US$ 9697 million in 2024 and is forecast to a readjusted size of US$ 13011 million by 2031 with a CAGR of 4.2% during the forecast period 2025-2031.

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Aluminum Wire Rod Product Overview

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.

The Aluminum Wire Rod market is a branch of the bauxite deep processing industry, and the main upstream raw material is usually aluminum ingots that made from electrolytic aluminum. In Western Europe and China, Aluminum Wire Rod is one of the primary aluminum products. In India and Russia, Aluminum Wire Rod is generally regarded as a type of Value Added Product (VAP).

For the world market of Aluminum Wire Rod excluding China, the concentration of enterprises in each country and region is relatively high.

In the Indian market, three companies, Vedanta, Hindalco and NALCO, dominate most of the market share in India.

In the Russian market, UC RUSAL is a well-deserved giant company, and the Russian and Ukrainian issues have little impact on Aluminum Wire Rod except for affecting its procurement of raw materials from the Australian market.

In the Western European market, Vimetco, Norsk Hydro, Inotal and NPA Skawina are relatively influential companies. Vimetco's Romanian company Alro's Aluminum Wire Rod business has been greatly affected by the Russia-Ukraine issue.

In Japan, Sumitomo Electric's Toyama Sumitomo Electric Co., Ltd. is a professional Aluminum Wire Rod production company.

However, in the Chinese market, there are many companies engaged in this industry, and the industry concentration is relatively low. Larger enterprises, such as Xinfa Group, Sichuan Julong, East Hope, Yihe Rare Earth Aluminum and Baotou Aluminum, have a higher proportion of aluminum alloy in their product share, and small and medium-sized enterprises have more product concentration on traditional EC Grade products.

In addition, in the Chinese market, there is also a special product, the rare earth Aluminum Wire Rod, which is used for special purposes. The output of rare earth Aluminum Wire Rod in China does not exceed 100,000 tons. Baotou Aluminum is the main manufacturer of this type of product, accounting for about 40% of the market share of this type of product.

Although some players continue to expand their production lines, while some players are forced to close down due to the tightening of environmental protection policies by the local government or other reasons. On the whole, due to a certain degree of overcapacity in this industry, the operating rate of enterprises is generally not high, so, its growth rate is not fast, and it is estimated that by 2031, the global market will reach 13.02 billion USD, with a CAGR of about 4.2% in the next few years.

Figure00001. Aluminum Wire Rod Product Picture

Aluminum Wire Rod

Source: Secondary Sources and QYResearch, 2025

Aluminum Wire Rod Market Summary

According to the new market research report "Global Aluminum Wire Rod Market Report 2024-2031", published by QYResearch, the global Aluminum Wire Rod market size is projected to grow from USD 10.16 billion in 2025 to USD 13.02 billion by 2031, at a CAGR of 4.2% during the forecast period.

Figure00002. Global Aluminum Wire Rod Market Size (US$ Million), 2020-2031

Aluminum Wire Rod

Above data is based on report from QYResearch: Global Aluminum Wire Rod Market Report 2020-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

Figure00003. Global Aluminum Wire Rod Top 20 Players Ranking and Market Share (Ranking is based on the revenue of 2025, continually updated)

Aluminum Wire Rod

Above data is based on report from QYResearch: Global Aluminum Wire Rod Market Report 2020-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

This report profiles key players of Xinfa Group, UC RUSAL, YuanWang Electronics, Vedanta, Sichuan Julong, East Hope.

In 2024, the global top five Aluminum Wire Rod players account for 45.37% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Aluminum Wire Rod.

In terms of product type, type one is the largest segment, hold a share of 53.2% in 2024,

Figure00005. Aluminum Wire Rod, Global Market Size, Split by Application Segment

In terms of product application, application one is the largest application, hold a share of 69.8% in 2024,

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Aluminum Wire Rod market is segmented as below:
By Company
Aluminum Corporation of China
Vedanta
Vimetco
UC RUSAL
Norsk Hydro
Aditya Birla (Hindalco)
OAPIL
Inotal
NALCO
Sumitomo Electric
NPA Skawina
Arfin India
Alucast
Southwire
Xinfa Group
Sichuan Julong
Shandong Innovation Metal
East Hope
Yihe Rare Earth Aluminum
Yunnan Aluminum

Segment by Type
EC Grade
Alloy Grade
Flipped Grade

Segment by Application
Power and Communications
Mechanical Industry
Other Industry

Each chapter of the report provides detailed information for readers to further understand the Aluminum Wire Rod market:

Chapter 1: Introduces the report scope of the Aluminum Wire Rod report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Aluminum Wire Rod manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Aluminum Wire Rod market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Aluminum Wire Rod in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Aluminum Wire Rod in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Aluminum Wire Rod competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Aluminum Wire Rod comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Aluminum Wire Rod market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

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