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Aluminum Wire Rods Market in Europe 2017-2021

About Aluminum Wire Rods

Aluminum wire rod is continuously cast from liquid aluminum. The diameter of the rod is reduced by extruding it through a series of dies to obtain a rod with a diameter of 9.5 mm up to 32 mm by roller and drawing processes. Aluminum wire rods are used in various applications, such as in cables and conductors due to their high electrical conductivity, lightweight, and resistance to corrosion.

Technavio’s analysts forecast the aluminum wire rods market in Europe to grow at a CAGR of 1.4% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the aluminum wire rods market in Europe for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of aluminum wire rods.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Aluminum Wire Rods Market in Europe 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
  • Alcoa
  • General Cable
  • Norsk Hydro
  • RUSAL
  • Vimetco
Other prominent vendors
  • Hindalco
  • Hongfan Holdings
  • INOTAL
  • Lamifil
  • National Aluminium Company (NALCO)
  • NPA Skawina
  • Oman Aluminium Processing Industries (OAPIL)
  • Southwire
  • TRIMET Aluminium
  • Vedanta
Market driver
  • Competitive prices and favorable properties of aluminum
  • For a full, detailed list, view our report
Market challenge
  • Volatile raw material prices
  • For a full, detailed list, view our report
Market trend
  • Increase in average capacity utilization levels of conductor manufacturers
  • 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?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Aluminum Wire Rods Market in Europe 2017-2021

Technavio recognizes the following companies as the key players in the aluminum wire rods market in Europe: Alcoa, General Cable, Norsk Hydro, RUSAL, and Vimetco.

Other Prominent Vendors in the market are: Hindalco, Hongfan Holdings, INOTAL, Lamifil, National Aluminium Company, NPA Skawina, Oman Aluminium Processing Industries, Southwire, TRIMET Aluminium, and Vedanta.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increase in average capacity utilization levels of conductor manufacturers. Currently, the aluminum conductor and cable manufacturers are operating at 60%-70% capacity utilization levels due to the fluctuating demand. The demand fluctuates because the execution phase of T&D lines is generally long, and the procurement of aluminum wire rods for use in conductors is directly linked to the order cycle of conductors, which is dependent on government investments.”

According to the report, one of the major drivers for this market is competitive prices and favorable properties of aluminum. Although copper has better conductivity properties than aluminum, there is a possibility that aluminum will replace copper in T&D applications in future. This is attributable to the fact that aluminum is cheaper and its price is not as volatile as that of copper. Aluminum is being successfully used as a conductor in various end-use applications, such as low-voltage transformers.

Further, the report states that one of the major factors hindering the growth of this market is volatile raw material prices. Aluminum and copper are the primary metallic raw materials used in cables and conductors. The cost of these raw materials accounts for a major percentage of the total manufacturing cost of power cable vendors. As per the prices of these metals in December 2015, material costs accounted for 75% to 85% of the total production cost. The total cost of copper and aluminum metals account for about 50% of the total production cost.

Companies Mentioned

Alcoa, General Cable, Norsk Hydro, RUSAL, Vimetco, Hindalco, Hongfan Holdings, INOTAL, Lamifil, National Aluminium Company, NPA Skawina, Oman Aluminium Processing Industries, Southwire, TRIMET Aluminium, Vedanta.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Key market highlights
    • Overview
      • Table Aluminum wire rods market in Europe 2016
      • Table Aluminum wire rods value chain
  • Market landscape
    • Overview: Aluminum wire rods market in Europe
      • Table Segmentation: Aluminum wire rods market in Europe
      • Table Global aluminum wire rods market by geography 2016
      • Table Aluminum wire rods market in Europe 2016 and 2021 (thousand metric tons)
      • Table Forecast: Aluminum wire rods market in Europe 2016 and 2021
      • Table Material properties of pure copper and aluminum
      • Table Characteristics ratios of copper and aluminum
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by grade
    • Overview: Aluminum wire rods market in Europe by grade
      • Table Aluminum wire rods market in Europe by grade 2016 and 2021
      • Table Aluminum wire rods market in Europe by grade 2016 and 2021 (thousand metric tons)
    • Electrical grade aluminum wire rods market in Europe
      • Table Electrical grade aluminum wire rods market in Europe 2016 and 2021 (thousand metric tons)
      • Table Forecast: Electrical grade aluminum wire rods market in Europe 2016 and 2021
    • Alloy grade aluminum wire rods market in Europe
      • Table Alloy grade aluminum wire rods market in Europe 2016 and 2021 (thousand metric tons)
      • Table Forecast: Alloy grade aluminum wire rods market in Europe 2016 and 2021
  • Market segmentation by application
    • Overview: Aluminum wire rods market in Europe by application
      • Table Aluminum wire rods market in Europe by application 2016 and 2021
      • Table Aluminum wire rods market in Europe by application 2016 and 2021 (thousand metric tons)
    • Aluminum wire rods market in Europe for cables and conductors
      • Table Aluminum wire rods market in Europe for cables and conductors 2016 and 2021 (thousand metric tons)
      • Table Forecast: Aluminum wire rods market in Europe for cables and conductors 2016 and 2021
    • Aluminum wire rods market in Europe for mechanical applications
      • Table Aluminum wire rods market in Europe for mechanical applications 2016 and 2021 (thousand metric tons)
      • Table Forecast: Aluminum wire rods market in Europe for mechanical applications 2016 and 2021
    • Aluminum wire rods market in Europe for deoxidization
      • Table Aluminum wire rods market in Europe for deoxidization 2016 and 2021 (thousand metric tons)
      • Table Forecast: Aluminum wire rods market in Europe for deoxidization 2016 and 2021
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Price comparison of copper and aluminum with aluminum as base (100 in September 2015)
    • Impact of drivers on key application segments
      • Table Impact of drivers
    • Market challenges
      • Table Material properties of pure copper and aluminum
      • Table Regulations for power cables
    • Impact of challenges on key application segments
      • Table Impact of challenges
  • Market trends
    • Increase in average capacity utilization levels of conductor manufacturers
    • Penetration of high-conductivity conductors
    • Sustained use in mechanical and deoxidization applications
  • Vendor landscape
    • Competitive scenario
      • Table Global aluminum wire rods market: Concentration of customer base by region 2016
    • Other prominent vendors
  • Key vendor analysis
    • Alcoa
      • Table Alcoa: Business segmentation by revenue 2015
      • Table Alcoa: Geographic segmentation by revenue 2015
    • General Cable
      • Table General Cable: Business segmentation by revenue 2015
      • Table General Cable: Geographic segmentation by revenue 2015
    • Norsk Hydro
      • Table Norsk Hydro: Business segmentation by revenue 2015
      • Table Norsk Hydro: Geographic segmentation by revenue 2015
    • RUSAL
      • Table RUSAL: Business segmentation by revenue 2015
      • Table RUSAL: Geographic segmentation by revenue 2015
    • Vimetco
      • Table Vimetco: Business segmentation by revenue 2015
      • Table Vimetco: Geographic segmentation by revenue 2015
  • Appendix
    • List of abbreviations
  • Explore Technavio

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