Product Code: GVR-4-68040-051-4
Aluminum Wire Market Growth & Trends:
The global aluminum wire market size is anticipated to reach USD 48.28 billion by 2030 and is expected to expand at a CAGR of 6.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising cost of copper has resulted in an increased adoption of aluminum for developing wires and cables. Growing requirement of upgrading infrastructure for electricity distribution, increasing investments in construction and telecom industries along with growing production of EVs are anticipated to augment the demand for aluminum wires over the forecast period. Different aluminum alloy series are used for producing aluminum depending upon the characteristics required.
The rise in the price of aluminum has directly impacted the prices of the aluminum wire. China's export tax on primary aluminum, high energy costs in Europe, and ongoing shipping disruptions drive the price surge. Physical delivery premiums are increasing, reflecting strong demand and higher supplier costs. Although exchange prices and rising LME inventories suggest a well-supplied market, aluminum prices have risen slightly as inventory levels decline, with metal from Russia, facing Western sanctions, entering the market. China's export tax has led to a surplus of primary aluminum domestically, with much of its export volume comprising semi-finished products rather than raw metal.
Aluminum Wire Market Report Highlights:
- In 2023, the electrical grade segment accounted for the largest revenue share of 79.5% of the overall aluminum wire market
- Electrical grade aluminum wires are used for wire installations in both residential and commercial structures owing to their low costs. These wires are extensively used for power transmission over long distances
- The power & energy segment dominated the application segment of the market in 2023
- The automotive & transportation segment is anticipated to grow at a revenue CAGR of 5.8% over the forecast period. The automotive & transportation industry utilizes aluminum wires in cars, ships, EVs, and aircraft
- Based on region, Asia Pacific held a revenue share of over 80.0% in 2023 of the global market and Central & South America is expected to grow at a CAGR of 5.0% over the forecast period
- The growing demand for aluminum wire in Asia Pacific can be attributed to increasing investments in power grid infrastructure, rising renewable energy generation, increasing electricity consumption, and growing investments in the telecom and EV industries are some of the prominent factors contributing to the overall demand for aluminum wires in Asia Pacific
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Market Formulation & Data Visualization
- 1.3.3. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Outlook
- 3.2. Value Chain Analysis
- 3.2.1. Raw Material Outlook
- 3.2.2. Manufacturing Trends
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Industry Challenges
- 3.4. Industry Trends
- 3.4.1. ESG Trends
- 3.4.2. Trade Scenario
- 3.5. Regulatory Framework
- 3.6. Porter's Five Forces Analysis
- 3.6.1. Bargaining Power of Suppliers
- 3.6.2. Bargaining Power of Buyers
- 3.6.3. Threat of Substitution
- 3.6.4. Threat of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTLE Analysis
- 3.7.1. Political
- 3.7.2. Economic
- 3.7.3. Social Landscape
- 3.7.4. Technology
- 3.7.5. Environmental
- 3.7.6. Legal
Chapter 4. Aluminum Wire Market: Grade Estimates & Trend Analysis
- 4.1. Aluminum Wire Market: Grade Movement Analysis, 2023 & 2030
- 4.2. Electrical
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.3. Mechanical
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.4. Others
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Aluminum Wire Market: Application Estimates & Trend Analysis
- 5.1. Aluminum Wire Market: Application Movement Analysis, 2023 & 2030
- 5.2. Building & Construction
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3. Automotive & Transportation
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. Electrical & Electronics
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.5. Power & Energy
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.6. Telecommunications
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.7. Others
- 5.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Aluminum Wire Market: Regional Estimates & Trend Analysis
- 6.1. Regional Snapshot, 2023 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.4.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.6.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5. UK
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6. France
- 6.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.7. Spain
- 6.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.7.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.8. Italy
- 6.3.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.8.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.8.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5. India
- 6.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7. South Korea
- 6.4.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8. Indonesia
- 6.4.8.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.8.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Central & South America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4. Brazil
- 6.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5. Argentina
- 6.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4. GCC
- 6.6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.2. Market estimates and forecasts, by grade, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments, By Key Market Participants
- 7.2. Kraljic Matrix
- 7.3. Company Categorization
- 7.4. Heat Map Analysis
- 7.5. Company Market Ranking
- 7.6. Vendor Landscape
- 7.6.1. List of Raw Material Suppliers
- 7.6.2. List of Distributors
- 7.6.3. List of Other Prominent Manufacturers
- 7.7. List of Prospective End Users
- 7.8. Strategy Mapping
- 7.9. Company Profiles/Listing
- 7.9.1. Kaiser Aluminum
- 7.9.1.1. Company Overview
- 7.9.1.2. Financial Performance
- 7.9.1.3. Product Benchmarking
- 7.9.2. Southwire Company, LLC
- 7.9.2.1. Company Overview
- 7.9.2.2. Product Benchmarking
- 7.9.3. Prysmian S.p.A
- 7.9.3.1. Company Overview
- 7.9.3.2. Financial Performance
- 7.9.3.3. Product Benchmarking
- 7.9.4. Cerrowire LL
- 7.9.4.1. Company Overview
- 7.9.4.2. Product Benchmarking
- 7.9.5. NEXANS
- 7.9.5.1. Company Overview
- 7.9.5.2. Financial Performance
- 7.9.5.3. Product Benchmarking
- 7.9.6. Sumitomo Electric Industries, Ltd.
- 7.9.6.1. Company Overview
- 7.9.6.2. Financial Performance
- 7.9.6.3. Product Benchmarking
- 7.9.7. Southern Cable Group Berhad
- 7.9.7.1. Company Overview
- 7.9.7.2. Financial Performance
- 7.9.7.3. Product Benchmarking
- 7.9.8. Henan Chalco
- 7.9.8.1. Company Overview
- 7.9.8.2. Product Benchmarking
- 7.9.9. Ducab
- 7.9.9.1. Company Overview
- 7.9.9.2. Product Benchmarking
- 7.9.10. Norsk Hydro
- 7.9.10.1. Company Overview
- 7.9.10.2. Financial Performance
- 7.9.10.3. Product Benchmarking