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Aluminum Wire Rob Market Size, Share & Industry Analysis, By Type ( Mechanical, Alloy, Electrical ), By Application ( Conductor & Cables, Mechanical, Deoxidation, Other ) and regional forecast 2022-2029

Region : Global | Report ID: FBI104153 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Aluminum wire rob is simply the aluminium wire winded on a cylindrical object. It is used to wind long aluminium wire in smaller area to decrease the storage area. Aluminum wire is applied in many applications including electrical and mechanical. This type of packing of the aluminium wire is employed by most of the manufacturers to save time, effort, and space.


The increasing demand from telecommunication, electronics and electrical sectors for aluminum wire cables shall drive the market growth. Additionally, the increasing demand for light-weight but strong metals and alloy wires shall boost the demand for aluminum wire rob.


However, the availability of other alternatives like steel wire rob which are highly corrosion resistant and durable shall hinder the market growth.


Market Segmentation:


Based on type, the market is segmented into mechanical, alloy, electrical and others. Based on application, the market is segmented into conductor & cable, mechanical, deoxidization, and other.


From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.


Key Market Driver -

High demand from end-use sectors.

Key Market Restraint -

Availability of alternatives


Key Players Covered:


The global aluminum wire rob market consists of global & regional players operating. Some of the key players in the market include Noranda Aluminum, Hindalco, Vedanta, Vimetco, Inotal, Sterlite, Baotou Aluminum, NALCO, Alro, and others.


Key Insights



  • New Advancements in Production Technologies

  • Key Trends in the Aluminum Wire Rob Market

  • New Product Launches, Expansions, Key Players

  • Ranking of Key Players in the Market


Regional Analysis:


The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to be the largest market. The rapid industrial growth along with the ample availability of raw material is driving the regional market. North America is estimated to show significant growth attributed to the high demand from the technically advanced electronic sector. Europe is expected to show considerable growth due to the high demand for alloy wire robs from industrial sectors. Latin America and Middle East & Africa is expected to show sluggish growth by the end of the forecast period.


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Segmentation






















ATTRIBUTES    


DETAILS        

By  Type




  • Mechanical

  • Alloy

  • Electrical



By Application




  • Conductor & Cables

  • Mechanical

  • Deoxidation

  • Other



By Geography




  • North America (U.S., and Canada)

  • Europe (Germany, UK, France, Italy, and Rest of Europe)

  • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)

  • Latin America (Mexico, Brazil, and Rest of Latin America)

  • Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa)



Aluminum Wire Rob Industry Developments



  • In August 2019, Vedanta aimed to export over 50% of the aluminium as India increases the import nearly 58% of the metal.

  • In august 2018, Nalco laid a foundation stone to set up a new aluminium wire rod manufacturing facility at its existing plant in Angul. The new plant will have manufacturing capacity of 40,000 tons per year for alloy grade and 60,000 tons per year for EC grade wire.


Aluminum Wire Rob Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2021
  • 2018-2020

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