Press release
Global Aluminum Wire Rods Market to grow at a CAGR of 1.86% during the period 2017-2021
About Aluminum Wire Rods
Aluminum is purchased typically in a coil by wire mills, to be employed in the manufacture of rods. The manufacturing process of a rod involves the assigning of unique heat or a lot number. This lot or heat pertaining to aluminum is then processed to arrive at the final rod state. The aluminum rod that has undergone processing is then cold-drawn to arrive at the final desired aluminum wire diameter. Aluminum wire rods typically have a diameter in the range of 9.6 mm-32 mm.
Technavios analysts forecast the global aluminum wire rods market to grow at a CAGR of 1.86% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the global aluminum wire rods market for 2017-2021. 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.
The market is divided into the following segments based on geography:
Americas
APAC
Europe
MEA
Technavio's report, 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.
Key vendors
HongFan Holdings
Norsk Hydro
RUSAL
Vedanta Resources
Vimetco
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Other prominent vendors
Alcoa
Alro
General Cable Technologies
Hindalco Industries (Aditya Birla Management)
INOTAL
Lamifil
OAPIL
Southwire
Market driver
Increasing demand for aluminum wire rods for power engineering
For a full, detailed list, view our report
Market challenge
LME price fluctuations
For a full, detailed list, view our report
Market trend
Modern casting technique to produce aluminum wire rods
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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