According to the latest market study released by Technavio,
the global aluminum wire rods market is expected to grow at a CAGR of
almost 2% through 2021.
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Technavio has published a new report on the global aluminum wire rods market from 2017-2021. (Photo: Business Wire)
This research report titled ‘Global
Aluminum Wire Rods Market 2017-2021’ provides an in-depth analysis
of the market in terms of revenue and emerging market trends. This
market research report also includes up to date analysis and forecasts
for various market segments and all geographical regions.
Some of the driving factors in the market are increasing demand for
aluminum wire rods for power engineering, upgrading of existing
transmission and distribution networks, increased government support
across countries, and increased infrastructure investments and
competitive edge that aluminum wire rods hold over substitutes.
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Technavio’s analysts categorize the global aluminum wire rods market
into three major segments by application. They are:
Conductors and cables
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Global aluminum wire rods market for conductors and cables
The global aluminum wire rods market for the conductors and cables
segment is expected to grow at a healthy rate, posting the highest CAGR
of almost 2% during the forecast period when compared with that of the
other segments. The healthy growth of the segment is principally due to
strong demand for aluminum wire rods in electrical transmission and
According to Kshama Upadhayay, a lead metals
and minerals research analyst from Technavio, “Electrical grade
aluminum rods that are used in overhead line conductors must conform to
the specifications including ASTM-233, Grade H12/14, and BS 2627, along
with other customer specifications pertaining to the production of
overhead electrical transmission.”
Global aluminum wire rods market for mechanical applications
The global aluminum
wire rods market is fueled by the demand for aluminum wire rods to
be implemented in mechanical applications including aluminum fencing
wires and wire screens. They are used in different types of fencings,
such as rabbit fencing, chain link fencing, and docking netting.
Additionally, aluminum wire rods witness a rising demand for use in
residential purposes to act as a protective boundary.
“The use of aluminum wire rods in these applications is principally
due to the corrosion resistance property of aluminum, thereby requiring
less maintenance. There is an increasing demand for aluminum wire rods
in the mining industry in applications such as nails, rivets, among
others. Consequently, continuous rotary extrusion lines use aluminum
alloy wire rods to make hollow and solid products.” says Kshama.
Global aluminum wire rods market for deoxidization
Deoxidization refers to a method of oxygen content removal used in
metallurgy during the manufacturing of steel. The global aluminum wire
rods market for deoxidization is growing, with an increasing need to
sustain the quality of steel, free from detrimental formation of content
such as oxygen. The process of deoxidation involves the inclusion of
separate chemical species to remove oxygen directly or to neutralize the
impact of oxygen.
The use of aluminum as a deoxidizer results in enhanced surface
properties of flat rolled steel products. Aluminum wire rods act as
consumables in the process of deoxidization of steel and are preferred
due to the facilitation of uniform feed rate associated with the supply
to produce crude steel.
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