The aluminium wire rod market showcases versatile applications, with the dominating segment being the electrical and conductive industry. Aluminium wire rods are widely used to manufacture electrical cables and conductors due to their excellent conductivity and lightweight properties. These materials are crucial for power transmission and distribution networks, making them indispensable in the electrical sector. Additionally, aluminium wire rods find use in various other applications, including automotive components, construction, and industrial machinery, further diversifying their market presence.
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Data Bridge Market Research analyses that the Europe Aluminium Wire Rod Market was valued at USD 16,289.04 million in 2021 and is expected to reach the value of USD 33,565.48 million by 2035, at a CAGR of 5.3% during the forecast period of 2022-2035. The rise in investments in electrical infrastructure, particularly in power transmission and distribution networks, spurs demand for aluminium wire rods. These rods are essential for their excellent conductivity and lightweight properties, ensuring efficient and reliable electricity transmission.
Key Findings of the Study
Renewable energy expansion is expected to drive the market's growth rate
Aluminium wire rods play a pivotal role in the renewable energy sector, notably in wind and solar power applications. In wind turbines, these rods are utilized to connect electrical components and transfer power efficiently due to their conductivity. Similarly, in solar panels, aluminium wire rods are integral for interconnecting cells, ensuring optimal energy harnessing. As the demand for clean energy sources continues to rise, aluminium wire rods contribute significantly to the growth and sustainability of the renewable energy industry.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2035
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (99.92%AL, 99.90%AL, 1070, 1100, 1200, 2017, 4043, 5052, 5056, 5183, 5356, 6056, 6063, 6061, 6110, 6151, 6201, and 7075), Grade (EC Grade and Alloy Grade), Process (Extrusion, Rolling and Coiling, and Others), Size (9.5MM, 11.7MM, 15.0MM, 20.0MM, 25.0MM, 28.6MM, 30.0MM, and 32.0MM), Application (Power Cables, Overhead Conductors, Winding Wire, Wire Harness, Power Lines, Building Wire, Welding, and Others), End Use (Mechanical, Power Industry, Wire and Cable, Automotive, Aerospace, and Others)
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Countries Covered
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Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe
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Market Players Covered
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GUTMANN ALUMINIUM DRAHT GMBH (Germany), Emta Cable (Turkey), NPA Skawina (Poland), Vimetco NV (Netherlands), RusAL (Russia), Norsk Hydro ASA (Norway), Mechem SA (Greece), Zvetlit (Russia), Esal Rod Alloys, S.A. (Spain), ELCOWIRE GROUP AB (Sweden), INOTAL (Hungary), Midal Cables Ltd. (Bahrain), AMAG Austria Metall AG (Austria), Aditya Birla Management Corporation Pvt. Ltd. (India)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
The Europe aluminium wire rod market is segmented on the basis of type, grade, process, size, application, and end use.
- On the basis of type, the Europe aluminium wire rod market is segmented into 99.92%AL, 99.90%AL, 1070, 1100, 1200, 2017, 4043, 5052, 5056, 5183, 5356, 6056, 6063, 6061, 6110, 6151, 6201, and 7075.
- On the basis of grade, the Europe aluminium wire rod market is segmented into EC grade and alloy grade.
- On the basis of process, the Europe aluminium wire rod market is segmented into extrusion, rolling and coiling, and others.
- On the basis of size, the Europe aluminium wire rod market is segmented into 9.5MM, 11.7MM, 15.0MM, 20.0MM, 25.0MM, 28.6MM, 30.0MM, and 32.0MM.
- On the basis of application, the Europe aluminium wire rod market is segmented into power cables, overhead conductors, winding wire, wire harness, power lines, building wire, welding, and others.
- On the basis of end use, the Europe aluminium wire rod market is segmented into mechanical, power industry, wire and cable, automotive, aerospace, and others.
Major Players
Data Bridge Market Research recognizes the following companies as the Europe aluminium wire rod market players in Europe aluminium wire rod market are GUTMANN ALUMINIUM DRAHT GMBH (Germany), Emta Cable (Turkey), NPA Skawina (Poland), Vimetco NV (Netherlands), RusAL (Russia), Norsk Hydro ASA (Norway), Mechem SA (Greece).
Market Developments
- In March 2021, AMAG Austria Metall AG achieved the prestigious IATF 16949:2016 certification, specifically for the production of aluminum and aluminum alloy rolled products. This certification enhances the company's product reputation within the market. The production of certified alloys by established manufacturers has intensified competition for startups, posing a significant challenge to the market.
- In May 2022, Midal Cables Ltd revealed a collaboration involving Imerys' Al Zayani, Yellow Door Energy, and Midal to establish a solar power plant in Bahrain. This strategic partnership aims to boost solar energy generation capacity. By doing so, the companies anticipate an expansion in their profit margins and the diversification of their energy portfolio solutions.
Regional Analysis
Geographically, the countries covered in the Europe aluminium wire rod market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
As per Data Bridge Market Research analysis:
France is the dominant region in Europe aluminium wire rod market during the forecast period 2022-2035
France dominates the Europe aluminium wire rod market, driven by a surge in demand for aluminium products, particularly in the development of charging infrastructure. As electric vehicles gain popularity, the need for robust and efficient charging systems has grown substantially. This trend positions France at the forefront of aluminium wire rod consumption, as the nation invests in infrastructure to support the transition to electric mobility across the European region.
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