According to the latest market research study by Technavio, the aluminum wire rods market in Europe is expected to grow at a CAGR of close to 1% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the aluminum wire rods market in Europe in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
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Aluminum wire rods market in Europe for cables and conductors: The cables and conductors segment occupies the maximum share in the aluminum wire rods market in Europe. Aluminum conductors made of wire rods are widely used for electrical T&D applications.
“Cables and wires are mainly used in low-voltage electrical applications. Key applications of aluminum rod include the manufacture of the various types of conductors such as AAC, AAAC, and ACSR,” says Ajay Adikari, a lead analyst at Technavio for research on metals and minerals.
Aluminum wire rods market in Europe for mechanical applications: Aluminum wire rods are used for various mechanical applications, including wire screens and aluminum fencing wires as they are resistant to corrosion. They are used for various types of fencings such as chain link fencing, rabbit fencing, and docking netting. Some of the other mechanical applications include cold heading, zip fasteners, wire fencings, staples, and sundry.
Aluminum wire rods market in Europe for deoxidization: Aluminum is used as a deoxidization material in steel manufacturing units. Aluminum wire rods are used in the deoxidization process due to uniformity in the feed rate supplied for making crude steel when compared with other forms of aluminum, e.g., notches, lumps, and shots. The demand for steel in Europe grew by 3% in 2016 as compared with 2015, thereby driving the market for aluminum wire rods for deoxidization.
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The top vendors operating in the aluminum wire rods market in Europe are:
- Alcoa
- General Cable
- Norsk Hydro
- RUSAL
- Vimetco
The other prominent vendors in the market include Hindalco, Hongfan Holdings, INOTAL, Lamifil, National Aluminium Company, NPA Skawina, Oman Aluminium Processing Industries, Southwire, TRIMET Aluminium, and Vedanta.
A more detailed analysis is available in the Technavio market research report titled, ‘Aluminum Wire Rods Market in Europe 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
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