Europe Aluminium Wire Rod Market, By 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 & Cable, Automotive, Aerospace and Others) - Industry Trends and Forecast to 2035.
Europe Aluminium Wire Rod Market Analysis and Size
Aluminium is a lightweight metal and has a vast usage in a variety of applications as rods. In today’s time, we can find them in almost every type of electrical gadgets. The metal is a silvery white colored product having a tenacious oxide coating. The aluminium rod needs to be twisted with correct precision to be used in a safe and effective manner. Aluminium rods are not reactive to any type of weather. They are corrosion-resistant, water proof, and rustproof. They work very well in low temperatures and retain their toughness and hardness even when the temperature is increased. Aluminium rods are also used to supply liquids to water treatment plants, food processing units, heat exchangers, and other similar industrial applications. Being more thermal conducive than steel, the aluminium products can be used in both cooling and heating applications. Because of its non-toxic properties, the metal is extensively used in the manufacturing of several cooking utensils and appliances.
Data Bridge Market Research analyzes that the Europe aluminium wire rod market is expected to reach the value of USD 33,565.48 million by 2035, at a CAGR of 5.3% during the forecast period. Europe aluminium wire rod market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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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 2019-2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Tonnes, Pricing in USD
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Segments Covered
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By 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 & Cable, Automotive, Aerospace, and Others)
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Countries Covered
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France, Germany, Italy, U.K., Spain, Netherland, Poland, Belgium, Switzerland, Denmark, Hungary, Norway, Finland, Sweden, Luxembourg, Greece and Rest of Europe
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Market Players Covered
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GUTMANN ALUMINIUM DRAHT GMBH, Emta Cable, NPA Skawina, Vimetco NV, RusAL., Norsk Hydro ASA, Mechem SA, Zvetlit, Esal Rod Alloys, S.A., ELCOWIRE GROUP AB, INOTAL, Midal Cables Ltd., AMAG Austria Metall AG, and Aditya Birla Management Corporation Pvt. Ltd.
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Europe Aluminium Wire Rod Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Growing demand for aluminium wire rods in power cables and overhead conductors
Overhead conductors are physical medium to carry electrical energy from one end of conductors to another, and are good conductors of heat. The important components related to overhead conductors are used for making underground electrical transmission cables and distribution systems. The conductor used in power cables is selected based on different types and sizes of conductors available.
- Increasing penetration of aluminium products in the development of charging infrastructure
The world of charging stations for electric vehicles is developing quickly. The incorporation of aluminium extrusions in e-charging stations is one of the most useful solutions. The charging stations are being developed in various European countries due to hydro eco-design methodology. The methodology has been introduced to manufacture products with the latest sustainability standard.
Opportunity
- Increase in various strategic decisions such as partnerships and mergers
The strategic partnership helps both the companies to work for the desired goal. As the marketplace is changing and evolving, customers are consistently looking for newly developed products. By forming a strategic partnership, companies can understand the market well before entering, which will assist in targeting potential customers and expanding their network in the market. Few market leaders in electronic components are signing an agreement to work with continuous process improvement by making the best use of advanced technology to meet the users' needs in the market. Therefore, the companies can increase their brand awareness and broaden their product line with all advanced instruments and solutions.
Restraint/Challenge
- Rise in dependency of manufacturers on different suppliers
France is the largest producer and exporter of conductors required to produce finished electronics goods and electrical connection between cities. Due to the lockdown, a halt in the production of the components has forced many European and American companies to produce their finished goods. This has led to the gap in demand and supply of electronic products. Also, the shortage in the raw material may cause the manufacturers to face losses leading to the production delay. In addition, due to the rise in competition, the companies have to lower their prices to increase their market shares. The supplier can thus cause interruption to the manufacturer by impacting the supply chain's availability and services.
Post-COVID-19 Impact on Europe Aluminium Wire Rod Market
COVID-19 created a major impact on the manufacturers of Europe aluminium wire rod market as almost every country had opted for the shutdown for every production facility except the ones dealing in producing the essential goods.
The COVID-19 pandemic had impacted the Europe aluminium wire rod market to an extent in a negative manner. So, the market has resulted in a lower estimated year-on-year growth rate as compared to 2019 because of the fewer amounts of activities of the sectors associated with the market. However, the growth has been high after the market opened after COVID-19, and it is expected that there would be considerable growth in the sector owing to higher demand of power cables and charging infrastructure. This factor is further expected to drive the overall growth of the market.
Manufacturers and solution providers are making various strategic decisions to bounce back post-COVID-19. The players are conducting multiple research and development activities to improve the technology involved in the market. With this, the companies will bring advanced technologies to the market. In addition, government initiatives for usage of electric vehicle has led to the market's growth.
Recent Developments
- In March 2021, AMAG Austria Metall AG was awarded the certificate IATF 16949:2016. The certification has been awarded for the production of rolled products of aluminium and aluminium alloys. This certification will give the company’s product recognition in the market. The production of alloys with certified manufacturers are giving a tough competition to startups. Hence, it is acting as a challenge factor for the market.
- In May 2022, Midal Cables Ltd announced a partnership between Imerys' Al Zayani, Yellow Door Energy, and Midal to install a solar power plant in Bahrain. The partnership will help the companies to increase solar energy production. This will help the company increase its profit margin and diversify its energy portfolio solutions.
Europe Aluminium Wire Rod Market Scope
Europe aluminium wire rod market is segmented on the basis of type, grade, process, size, application, and end use.
The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- 99.92%AL
- 99.90%AL
- 1070
- 1100
- 1200
- 2017
- 4043
- 5052
- 5056
- 5183
- 5356
- 6056
- 6063
- 6061
- 6110
- 6151
- 6201
- 7075
On the basis of type, the 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.
Grade
- EC GRAGE
- ALLOY GRADE
On the basis of grade, the market is segmented into EC grade and alloy grade.
Process
- EXTRUSION
- ROLLING AND COILING
- OTHERS
On the basis of process, the market is segmented into extrusion, rolling and coiling, and others.
Size
- 9.5MM
- 11.7MM
- 15.0MM
- 20.0MM
- 25.0MM
- 28.6MM
- 30.0MM
- 32.0MM
On the basis of size the market is segmented into 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
- OTHERS
On the basis of application the market is segmented into 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
- Others
On the basis of end use the market is segmented into mechanical, power industry, wire & cable, automotive, aerospace, and others.
Europe Aluminium Wire Rod Market Regional Analysis/Insights
Europe aluminium wire rod market is analyzed and market size insights and trends are provided by type, grade, process, size, application, and end use as referenced above.
The countries covered in the Europe aluminium wire rod market report are France, Germany, Italy, U.K., Spain, Netherland, Poland, Belgium, Switzerland, Denmark, Hungary, Norway, Finland, Sweden, Luxembourg, Greece and Rest of Europe. France dominates the Europe region due to increasing demand of aluminium products for charging infrastructure in France.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of increasing raw material tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Aluminium Wire Rod Market Share Analysis
Europe aluminium wire rod market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the market.
Some of the major players operating in the Europe aluminium wire rod market are GUTMANN ALUMINIUM DRAHT GMBH, Emta Cable, NPA Skawina, Vimetco NV, RusAL, Norsk Hydro ASA, Mechem SA, Zvetlit, Esal Rod Alloys, S.A., ELCOWIRE GROUP AB, INOTAL, Midal Cables Ltd., AMAG Austria Metall AG, Aditya Birla Management Corporation Pvt. Ltd. Amon others.
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