[Research Report] The wire rod market is expected to grow from US$ 1,621.27 million in 2022 to US$ 1,965.21 million by 2028; it is estimated to register a CAGR of 3.3% from 2022 to 2028.
The growing urbanization and digitization across the world is raising the demand for uninterrupted electric supply. For this, the need for the upgradation or installation of new electric transmission and distribution systems is increasing globally. Subsequently, governments of various countries have increased their investments in the power & energy sector. In November 2022, the US Department of Energy (DOE) announced an investment of US$ 13 billion in supporting the upgradation and expansion of the US electric grid. The US government will provide this funding under the Grid Resilience Innovative Partnership (GRIP) Programme, the Transmission Facilitation Programme, and President Joe Biden’s Bipartisan Infrastructure Law. Through this funding, the US government aims to increase the reliability of power grids by building transformative projects. In November 2022, Ofgem, an energy regulator of the UK, announced the five-year (between 2023 and 2028) investment package of ~US$ 26.6 billion for electricity distribution network companies. This investment is made to help deliver cheaper and cleaner energy and increase the reliability of local grids with no extra cost to consumers.
Wire Rod Market -
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Wire Rod Market: Strategic Insights
Market Size Value in US$ 1,621.27 million in 2022 Market Size Value by US$ 1,965.21 million by 2028 Growth rate CAGR of 3.3% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Wire Rod Market: Strategic Insights
| Market Size Value in | US$ 1,621.27 million in 2022 |
| Market Size Value by | US$ 1,965.21 million by 2028 |
| Growth rate | CAGR of 3.3% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
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Impact of COVID-19 Pandemic on Wire Rod Market
The US was the most-affected country in North America due to the COVID-19 pandemic. In Q2 of 2020, strict regulations imposed by the US government disrupted the supply chain and import & export. The disruption led to the temporary shutdown of manufacturing facilities, and the facilities were operating with minimum staff. Industries such as automotive and manufacturing were negatively affected in 2020. However, as the global supply chain resumed in Q2 of 2021, the market started to rise. The automotive industry, which is one of the largest industries in the US, restarted its operation in Q3 of 2021. Further, in Q1 of 2022, the automobile factories increased their production due to increased demand for different vehicles, particularly electric vehicles. Also, the rising awareness about clean energy in the US, Canada, and Mexico has raised the demand for renewable energy power generation infrastructure, fueling the wire rod market growth.
Besides aforementioned aspects, the semiconductor industry got impacted adversely in the region. The lack of chip has glowed a new spotlight on the US manufacturing. During pandemic, the country realized about the dependency on Asian high-tech manufacturing capabilities and techniques like China, whereas China itself is investing massive amounts on their chipmaking capabilities. Moreover, Taiwan, China, and Malaysia are the largest sources of the US imports and key destinations for the US exports of semiconductors. East and Southeast Asia are vital partners for the US semiconductor trade. According to Intel Corporation, the chip shortage lasted till 2021 and 2022 late will get fade in 2023. There has been a massive gap demand and supply of chip in the country.
Lucrative Regions for Wire Rod Market
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Market Insights – Wire Rod Market
From decades, the telecommunication industry is widely using copper for their communication purpose. Copper is the metal that has been utilized for communication wires and cables. As copper is a ductile material, having tensile strength, and a satisfactory conductor, it is widely used for communication purpose. Moreover, with evolving telecommunication industry, advanced material is used. Despite the roll out of optical fiber systems, copper is still used highly in infrastructure and interface devices. Such copper-based applications in telecommunication will endure to fuel the growth of copper in the future. Moreover, aluminum is gaining popularity in the telecommunication industry for applications such as base station, 5G equipment, and wired & wireless telecom equipment. As wire and cable in telecommunication is highly used, the demand for aluminum and copper wire rods is also high. This factor will, in turn, fuel the demand for wire rods.
Industry-Based Insights
Based on industry, the wire rod market is segmented into telecommunication, power, aviation, automotive, and others. The telecommunication segment accounted for the largest wire rod market share in 2022. Telecommunication businesses need wire and cable for various applications such as phone lines, internet, and data security. The primary application of wire rod is manufacturing of wires and cables. Telecommunication businesses need wire and cable for various applications, such as phone lines, internet, and data security. The telecommunications industry always requires wire assemblies to keep up with the rapidly expanding need for communication across the globe. They use wire rods for transferring data. They are also used for telecommunications for fixed phone lines. They are used in telecom infrastructure to transmit internet communication, such as broadband and cable television signals. With a large number of telecommunication-based applications of wires and cables made up of aluminum or copper, the manufacturing of wire rod will endure to grow.
The global wire rod market size is segmented on the basis of material, industry, and geography. Based on material, the market is bifurcated into copper and aluminum. Based on industry, the market is segmented into telecommunication, power, aviation, automotive, and others. The market size, based on region, is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM).
Mitsubishi Materials Trading Corp, APAR Industries Ltd, Hindalco Industries Ltd, Norsk Hydro ASA, Leebo Metals Pvt Ltd, Sumitomo Electric Industries Ltd, Vedanta Aluminium and Power Ltd, United Co RUSAL Plc and Vimetco NV among the key wire rod market players operating across the world.
The wire rod market players are mainly focused on the development of advanced and efficient products.
- In 2023, Alcoa Corporation, a global industry leader in aluminum, alumina, and bauxite, announced that most of the employers at its San Ciprián complex in Spain approved an upgraded plan to reactivate the aluminum smelter in 2024.
- In 2023, Vedanta Aluminium, India's largest aluminum producer, announced the launch of a 12 mm Aluminium Wire Rod for the electrical industry at International Aluminium Conference (IAC) 2023. The company’s facility has a production capacity of 560-kilo tonnes, equipped with state-of-the-art technologies of Southwire (USA) and Continuus-Properzi (Italy).
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material, and Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, Chile, China, France, Germany, India, Italy, Japan, Mexico, Peru, Russia, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The copper segment led the global wire rod market in 2022.
The US, UK, Rest of Europe, India, the UAE, and Brazil are the countries registering high growth rate during the forecast period.
APAC is the fastest-growing regional market in the global wire rod market between 2022-2028.
The top companies in the wire rod market are Mitsubishi Materials Trading Corp; Elcowire Group AB; International Metal Industry Co., Ltd; RK Copper & Alloy LLC; and Leebo Metals Pvt Ltd. are few prominent copper wire rod players existing in the market. Hindalco Industries Ltd; Norsk Hydro ASA; Sumitomo Electric Industries Ltd; Vedanta Aluminium and Power Ltd; and United Co RUSAL Plc are some of the key aluminum wire rod players operating in the market.
The key driving factors impacting wire rod market growth includes:
1. Increasing Construction and Infrastructure Development Activities
2. Growing Investments in Electric Power Transmission and Distribution
The global wire rod market was valued at US$ 1,621.27 Mn in 2022
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Wire Rod Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Ecosystem Analysis
4.4 Experts’ Opinions
4.5 Premium Insights
4.5.1 Supplier and Buyers List of Wire Rod
4.5.2 List of Major North American Consumer Companies of Copper/Aluminium Wire Rods
4.5.3 Importers of Wire Rod in North America
4.5.4 Aluminum Production (Updated 2022)
4.5.5 Aluminum Wire Rod Production (2019, 2020, 2021)
4.5.6 Aluminum Wire Rod Consumption (2019, 2020, 2021)
4.5.7 Aluminum Wire Rod Production (2019, 2020, 2021)
4.5.8 Aluminum Wire Rod Consumption (2019, 2020, 2021)
4.5.9 Copper Production (Updated 2022)
4.5.10 Copper Wire Rod Production (2019, 2020, 2021)
4.5.11 Copper Wire Rod Consumption (2019, 2020, 2021)
4.5.12 Copper Wire Rod Production, by Region (2019, 2020, 2021)
4.5.13 Copper Wire Rod Consumption, by Region (2019, 2020, 2021)
4.5.14 Major Exporters of Aluminum Wire Rod (2019, 2020, 2021) (1000 Metric tons)
4.5.15 Major Importers of Aluminum Wire Rod (2019, 2020, 2021) (1000 Metric tons)
4.5.16 Major Exporters of Copper Wire Rod (2019, 2020, 2021) (1000 Metric Tons)
4.5.17 Major Importers of Copper Wire Rod (2019, 2020, 2021) (1000 Metric tons)
5. Wire Rod Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Construction and Infrastructure Development Activities
5.1.2 Growing Investments in Electric Power Transmission and Distribution
5.2 Market Restraints
5.2.1 Rising Demand for Fiber Optic Cables
5.3 Market Opportunities
5.3.1 Evolving Telecommunication Industry
5.4 Future Trends
5.4.1 Rising Adoption of Electric Vehicles
5.4.2 Strong Inclination Toward Aluminum
5.5 Impact Analysis of Drivers and Restraints
6. Wire Rod Market – Global Market Analysis
6.1 Global Wire Rod Market Overview
6.2 Global Wire Rod Market Revenue Forecast and Analysis
6.3 Market Positioning – Copper Wire Rod Five Key Players
6.4 Market Positioning – Aluminum Wire Rod Five Key Players
7. Wire Rod Market Revenue and Forecast to 2028 – By Material
7.1 Overview
7.2 Wire Rod Market, By Material (2021 And 2028)
7.3 Copper
7.3.1 Overview
7.3.2 Copper: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
7.4 Aluminum
7.4.1 Overview
7.4.2 Aluminum: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8. Wire Rod Market Revenue and Forecast to 2028 – By Industry
8.1 Overview
8.2 Wire Rod Market, By Industry (2021 And 2028)
8.3 Telecommunication
8.3.1 Overview
8.3.2 Telecommunication: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.3.2.1 Copper
8.3.2.2 Copper: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.3.2.3 Aluminum
8.3.2.4 Aluminum: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.4 Power
8.4.1 Overview
8.4.2 Power: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.4.2.1 Copper
8.4.2.2 Copper: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.4.2.3 Aluminum
8.4.2.4 Aluminum: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.5 Aviation
8.5.1 Overview
8.5.2 Aviation: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.5.2.1 Copper
8.5.2.2 Copper: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.5.2.3 Aluminum
8.5.2.4 Aluminum: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.6 Automotive
8.6.1 Overview
8.6.2 Automotive: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.6.2.1 Copper
8.6.2.2 Copper: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.6.2.3 Aluminum
8.6.2.4 Aluminum: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.7.2.1 Copper
8.7.2.2 Copper: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.7.2.2.1 Aluminum
8.7.2.2.2 Aluminum: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
9. Global Wire Rod Market– Geographic Analysis
9.1 Overview
9.2 North America: Wire Rod Market
9.2.1 Overview
9.2.2 North America: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.2.3 North America: Wire Rod Market, By Material
9.2.4 North America: Wire Rod Market, By Industry
9.2.5 North America: Wire Rod Market, by Key Country
9.2.5.1 US: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.1.1 US: Wire Rod Market, By Material
9.2.5.1.2 US: Wire Rod Market, By Industry
9.2.5.2 Canada: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.2.1 Canada: Wire Rod Market, By Material
9.2.5.2.2 Canada: Wire Rod Market, By Industry
9.2.5.3 Mexico: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.3.1 Mexico: Wire Rod Market, By Material
9.2.5.3.2 Mexico: Wire Rod Market, By Industry
9.3 Europe: Global Wire Rod Market
9.3.1 Overview
9.3.2 Europe: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.3.3 Europe: Wire Rod Market, By Material
9.3.4 Europe: Wire Rod Market, By Industry
9.3.5 Europe: Wire Rod Market, by Key Country
9.3.5.1 Germany: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.1.1 Germany: Wire Rod Market, By Material
9.3.5.1.2 Germany: Wire Rod Market, By Industry
9.3.5.2 France: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.2.1 France: Wire Rod Market, By Material
9.3.5.2.2 France: Wire Rod Market, By Industry
9.3.5.3 Italy: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.3.1 Italy: Wire Rod Market, By Material
9.3.5.3.2 Italy: Wire Rod Market, By Industry
9.3.5.4 UK: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.4.1 UK: Wire Rod Market, By Material
9.3.5.4.2 UK: Wire Rod Market, By Industry
9.3.5.5 Russia: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.5.1 Russia: Wire Rod Market, By Material
9.3.5.5.2 Russia: Wire Rod Market, By Industry
9.3.5.6 Rest of Europe: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.6.1 Rest of Europe: Wire Rod Market, By Material
9.3.5.6.2 Rest of Europe: Wire Rod Market, By Industry
9.4 Asia Pacific: Global Wire Rod Market
9.4.1 Overview
9.4.2 Asia Pacific: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3 Asia Pacific: Wire Rod Market, By Material
9.4.4 Asia Pacific: Wire Rod Market, By Industry
9.4.5 Asia Pacific: Wire Rod Market, by Key Country
9.4.5.1 Australia: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.1.1 Australia: Wire Rod Market, By Material
9.4.5.1.2 Australia: Wire Rod Market, By Industry
9.4.5.2 China: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.2.1 China: Wire Rod Market, By Material
9.4.5.2.2 China: Wire Rod Market, By Industry
9.4.5.3 Japan: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.3.1 Japan: Wire Rod Market, By Material
9.4.5.3.2 Japan: Wire Rod Market, By Industry
9.4.5.4 India: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.4.1 India: Wire Rod Market, By Material
9.4.5.4.2 India: Wire Rod Market, By Industry
9.4.5.5 South Korea: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.5.1 South Korea: Wire Rod Market, By Material
9.4.5.5.2 South Korea: Wire Rod Market, By Industry
9.4.5.6 Rest of Asia Pacific: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.6.1 Rest of Asia Pacific: Wire Rod Market, By Material
9.4.5.6.2 Rest of Asia Pacific: Wire Rod Market, By Industry
9.5 Middle East & Africa: Global Wire Rod Market
9.5.1 Overview
9.5.2 Middle East & Africa: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.5.3 Middle East & Africa: Wire Rod Market, By Material
9.5.4 Middle East & Africa: Wire Rod Market, By Industry
9.5.5 Middle East & Africa: Wire Rod Market, by Key Country
9.5.5.1 South Africa: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.1.1 South Africa: Wire Rod Market, By Material
9.5.5.1.2 South Africa: Wire Rod Market, By Industry
9.5.5.2 Saudi Arabia: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.2.1 Saudi Arabia: Wire Rod Market, By Material
9.5.5.2.2 Saudi Arabia: Wire Rod Market, By Industry
9.5.5.3 UAE: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.3.1 UAE: Wire Rod Market, By Material
9.5.5.3.2 UAE: Wire Rod Market, By Industry
9.5.5.4 Rest of Middle East & Africa: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.4.1 Rest of Middle East & Africa: Wire Rod Market, By Material
9.5.5.4.2 Rest of Middle East & Africa: Wire Rod Market, By Industry
9.6 South America: Global Wire Rod Market
9.6.1 Overview
9.6.2 South America: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.6.3 South America: Wire Rod Market, By Material
9.6.4 South America: Wire Rod Market, By Industry
9.6.5 South America: Wire Rod Market, by Key Country
9.6.5.1 Brazil: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.6.5.1.1 Brazil: Wire Rod Market, By Material
9.6.5.1.2 Brazil: Wire Rod Market, By Industry
9.6.5.2 Argentina: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.6.5.2.1 Argentina: Wire Rod Market, By Material
9.6.5.2.2 Argentina: Wire Rod Market, By Industry
9.6.5.3 Chile: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.6.5.3.1 Chile: Wire Rod Market, By Material
9.6.5.3.2 Chile: Wire Rod Market, By Industry
9.6.5.4 Peru Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.6.5.4.1 Peru: Wire Rod Market, By Material
9.6.5.4.2 Peru: Wire Rod Market, By Industry
9.6.5.5 Rest of South America: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
9.6.5.5.1 Rest of South America: Wire Rod Market, By Material
9.6.5.5.2 Rest of South America: Wire Rod Market, By Industry
10. Wire Rod Market - Covid-19 Impact Analysis
10.1 Overview
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 MEA: Impact Assessment of COVID-19 Pandemic
10.6 South America Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. Company Profiles
12.1 Hindalco Industries Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Mitsubishi Materials Trading Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 APAR Industries Ltd
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Vedanta Aluminium and Power Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 United Co RUSAL Plc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Vimetco NV
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Sumitomo Electric Industries Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Leebo Metals Pvt Ltd
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Norsk Hydro ASA
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Elcowire Group AB
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 Cunext Copper Industries SL
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
12.12 International Metal Industry Co Ltd
12.12.1 Key Facts
12.12.2 Business Description
12.12.3 Products and Services
12.12.4 Financial Overview
12.12.5 SWOT Analysis
12.12.6 Key Developments
12.13 Kmez
12.13.1 Key Facts
12.13.2 Business Description
12.13.3 Products and Services
12.13.4 Financial Overview
12.13.5 SWOT Analysis
12.13.6 Key Developments
12.14 RK Copper & Alloy LLP
12.14.1 Key Facts
12.14.2 Business Description
12.14.3 Products and Services
12.14.4 Financial Overview
12.14.5 SWOT Analysis
12.14.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Global Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: Wire Rod Market, By Material– Revenue and Forecast to 2028 (US$ Million)
Table 3. North America: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America: Wire Rod Market, By Telecommunication Material – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America: Wire Rod Market, By Power Material – Revenue and Forecast to 2028 (US$ Million)
Table 6. North America: Wire Rod Market, By Aviation Material – Revenue and Forecast to 2028 (US$ Million)
Table 7. North America: Wire Rod Market, By Automotive Material – Revenue and Forecast to 2028 (US$ Million)
Table 8. North America: Wire Rod Market, By Others Material – Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 10. US: Wire Rod Market, By Industry– Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 13. Mexico: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 14. Mexico: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 15. Europe: Wire Rod Market, By Material– Revenue and Forecast to 2028 (US$ Million)
Table 16. Europe: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 17. Europe: Wire Rod Market, By Telecommunication Material – Revenue and Forecast to 2028 (US$ Million)
Table 18. Europe: Wire Rod Market, By Power Material – Revenue and Forecast to 2028 (US$ Million)
Table 19. Europe: Wire Rod Market, By Aviation Material – Revenue and Forecast to 2028 (US$ Million)
Table 20. Europe Wire Rod Market, By Automotive Material – Revenue and Forecast to 2028 (US$ Million)
Table 21. Europe: Wire Rod Market, By Others Material – Revenue and Forecast to 2028 (US$ Million)
Table 22. Germany: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 23. Germany: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 24. France: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 25. France: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 26. Italy: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 27. Italy: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 29. UK: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 30. Russia: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 31. Russia: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 32. Rest of Europe: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 33. Rest of Europe: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 34. Asia Pacific: Wire Rod Market, By Material– Revenue and Forecast to 2028 (US$ Million)
Table 35. Asia Pacific: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 36. Asia Pacific: Wire Rod Market, By Telecommunication Material – Revenue and Forecast to 2028 (US$ Million)
Table 37. Asia Pacific: Wire Rod Market, By Power Material – Revenue and Forecast to 2028 (US$ Million)
Table 38. Asia Pacific: Wire Rod Market, By Aviation Material – Revenue and Forecast to 2028 (US$ Million)
Table 39. Asia Pacific: Wire Rod Market, By Automotive Material – Revenue and Forecast to 2028 (US$ Million)
Table 40. Asia Pacific: Wire Rod Market, By Others Material – Revenue and Forecast to 2028 (US$ Million)
Table 41. Australia: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 42. Australia: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 43. China: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 44. China: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 45. Japan: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 46. Japan: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 47. India: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 48. India: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 49. South Korea: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 50. South Korea: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 51. Rest of Asia Pacific: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 52. Rest of Asia Pacific: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 53. Middle East & Africa: Wire Rod Market, By Material– Revenue and Forecast to 2028 (US$ Million)
Table 54. Middle East & Africa: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 55. Middle East & Africa: Wire Rod Market, By Telecommunication Material – Revenue and Forecast to 2028 (US$ Million)
Table 56. Middle East & Africa: Wire Rod Market, By Power Material – Revenue and Forecast to 2028 (US$ Million)
Table 57. Middle East & Africa: Wire Rod Market, By Aviation Material – Revenue and Forecast to 2028 (US$ Million)
Table 58. Middle East & Africa: Wire Rod Market, By Automotive Material – Revenue and Forecast to 2028 (US$ Million)
Table 59. Middle East & Africa: Wire Rod Market, By Others Material – Revenue and Forecast to 2028 (US$ Million)
Table 60. South Africa: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 61. South Africa: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 62. Saudi Arabia: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 63. Saudi Arabia: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 64. UAE: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 65. UAE: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 66. Rest of Middle East & Africa: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 67. Rest of Middle East & Africa: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 68. South America: Wire Rod Market, By Material– Revenue and Forecast to 2028 (US$ Million)
Table 69. South America: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 70. South America: Wire Rod Market, By Telecommunication Material – Revenue and Forecast to 2028 (US$ Million)
Table 71. South America: Wire Rod Market, By Power Material – Revenue and Forecast to 2028 (US$ Million)
Table 72. South America: Wire Rod Market, By Aviation Material – Revenue and Forecast to 2028 (US$ Million)
Table 73. South America: Wire Rod Market, By Automotive Material – Revenue and Forecast to 2028 (US$ Million)
Table 74. South America: Wire Rod Market, By Others Material – Revenue and Forecast to 2028 (US$ Million)
Table 75. Brazil: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 76. Brazil: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 77. Argentina: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 78. Argentina: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 79. Chile: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 80. Chile: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 81. Peru: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 82. Peru: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 83. Rest of South America: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 84. Rest of South America: Wire Rod Market, By Industry – Revenue and Forecast to 2028 (US$ Million)
Table 85. List of Abbreviation
LIST OF FIGURES
Figure 1. Wire Rod Market Segmentation
Figure 2. Wire Rod Market Segmentation – By Geography
Figure 3. Global Wire Rod Market Overview
Figure 4. Wire Rod Market, by Material
Figure 5. Wire Rod Market, by Geography
Figure 6. North America – PEST Analysis
Figure 7. Europe – PEST Analysis
Figure 8. APAC – PEST Analysis
Figure 9. MEA – PEST Analysis
Figure 10. SAM – PEST Analysis
Figure 11. Wire Rod Market- Ecosystem Analysis
Figure 12. Global Wire Rod Market: Impact Analysis of Drivers and Restraints
Figure 13. Geographic Overview of Wire Rod Market
Figure 14. Global Wire Rod Market Revenue Forecast and Analysis (US$ Million)
Figure 15. Wire Rod Market, By Material (2021 and 2028)
Figure 16. Copper: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Aluminum: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Wire Rod Market, By Industry (2021 and 2028)
Figure 19. Telecommunication: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Copper: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Aluminum: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Power: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Copper: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Aluminum: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Aviation: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Copper: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Aluminum: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Automotive: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Copper: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Aluminum: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Others: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Copper: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 33. Aluminum: Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 34. Global Wire Rod Market Breakdown, by Region, 2021 and 2028 (%)
Figure 35. North America: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. North America: Wire Rod Market Revenue Share, By Material (2021 and 2028)
Figure 37. North America: Wire Rod Market Revenue Share, By Industry (2021 and 2028)
Figure 38. North America: Wire Rod Market Revenue Share, by Key Country (2021 and 2028)
Figure 39. US: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Canada: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Mexico: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Europe: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 43. Europe: Wire Rod Market Revenue Share, By Material (2021 and 2028)
Figure 44. Europe: Wire Rod Market Revenue Share, By Industry (2021 and 2028)
Figure 45. Europe: Wire Rod Market Revenue Share, by Key Country (2021 and 2028)
Figure 46. Germany: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. France: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Italy: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. UK: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Russia: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. Rest of Europe: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. Asia Pacific: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Asia Pacific: Wire Rod Market Revenue Share, By Material (2021 and 2028)
Figure 54. Asia Pacific: Wire Rod Market Revenue Share, By Industry (2021 and 2028)
Figure 55. Asia Pacific: Wire Rod Market Revenue Share, by Key Country (2021 and 2028)
Figure 56. Australia: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. China: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. Japan: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. India: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. South Korea: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of Asia Pacific: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Middle East & Africa: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Middle East & Africa: Wire Rod Market Revenue Share, By Material (2021 and 2028)
Figure 64. Middle East & Africa: Wire Rod Market Revenue Share, By Industry (2021 and 2028)
Figure 65. Middle East & Africa: Wire Rod Market Revenue Share, by Key Country (2021 and 2028)
Figure 66. South Africa: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 67. Saudi Arabia: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 68. UAE: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 69. Rest of Middle East & Africa: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 70. South America: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. South America: Wire Rod Market Revenue Share, By Material (2021 and 2028)
Figure 72. South America: Wire Rod Market Revenue Share, By Industry (2021 and 2028)
Figure 73. South America: Wire Rod Market Revenue Share, by Key Country (2021 and 2028)
Figure 74. Brazil: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 75. Argentina: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 76. Chile: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 77. Peru: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 78. Rest of South America: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 79. Impact of COVID-19 Pandemic on North America Country Markets
Figure 80. Impact of COVID-19 Pandemic on Europe Country Markets
Figure 81. Impact of COVID-19 Pandemic on Asia Pacific Country Markets
Figure 82. Impact of COVID-19 Pandemic on MEA Country Markets
The List of Companies - Wire Rod Market
- Mitsubishi Materials Trading Corp
- APAR Industries Ltd
- Hindalco Industries Ltd
- Norsk Hydro ASA
- Leebo Metals Pvt Ltd
- Sumitomo Electric Industries Ltd
- Vedanta Aluminium and Power Ltd
- United Co RUSAL Plc
- Vimetco NV
- Cunext Copper Industries SL
- International Metal Industry Co Ltd
- Kmez
- RK Copper & Alloy LLP
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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