According to a market report by Lucintel, the future of the global copper wire rod market looks promising with opportunities in the telecommunications, power cables, building wires, aerospace industry, automotive harnesses, and energy and heat transfer markets. The global copper wire rod market is expected to grow with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are rapid urbanization and industrialization, infrastructure development worldwide, and high adaption of copper wire rods in the telecommunication sector.
A more
than 150-page report to understand trends, opportunity and forecast in global copper
wire rod market to 2030 by type (OD below 0.3 inches, OD 0.3-0.6 inches, and OD
above 0.6 inches), end use industry (telecommunications, power cables, building
wires, aerospace industry, automotive harnesses, energy and heat transfer, and
others), and region (North America, Europe, Asia Pacific, and the Rest of the
World).
Lucintel
forecasts that od 0.3-0.6 inches is expected to witness highest growth over the
forecast period due to high usage in electrical, automotive, and electronic
sectors, among others.
Within
this market, telecommunications will remain the largest segment due to
increasing demand for high-speed data transfer services across the globe.
Download
sample by clicking on copper wire rod
market.
APAC is
expected to witness highest growth over the forecast period due to growth of
telecommunication, power cables, building wires, and automotive harnesses
industries in this region.
Sumitomo
Electric, AURUBIS, Mitsubishi Materials, Liljedahl, KGHM, Bajoria, Koãƒâ§Bay
Metal, Artyomovsk Non-Ferrous Metals Processing Works, TDT Copper, DUCAB are
the major suppliers in the copper
wire rod market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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