Aluminum Wire Rods Market in Europe 2017-2021
The report, Aluminum Wire Rods Market in Europe 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is increase in average capacity utilization levels of conductor manufacturers. Currently, the aluminum conductor and cable manufacturers are operating at 60%-70% capacity utilization levels due to the fluctuating demand. The demand fluctuates because the execution phase of T&D lines is generally long, and the procurement of aluminum wire rods for use in conductors is directly linked to the order cycle of conductors, which is dependent on government investments.
According to the report, one of the major drivers for this market is competitive prices and favorable properties of aluminum. Although copper has better conductivity properties than aluminum, there is a possibility that aluminum will replace copper in T&D applications in future. This is attributable to the fact that aluminum is cheaper and its price is not as volatile as that of copper. Aluminum is being successfully used as a conductor in various end-use applications, such as low-voltage transformers