Middle East & Africa Wire Rod Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Material (Copper and Aluminium) and Industry (Telecommunication, Power, Aviation, Automotive, and Others)
The Middle East & Africa wire rod market is expected to grow from US$ 49.51 million in 2022 to US$ 55.70 million by 2028. It is estimated to grow at a CAGR of 2.0% from 2022 to 2028.
Evolving Telecommunication Industry is Fuelling Middle East & Africa 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. The adoption of 5G infrastructure is continuously increasing due to the growing smart cities, smart cars, and smart factories. Growing 5G deployment is accelerating the growth of various industries, sectors, and governments by quickly and efficiently connecting organizations to every aspect of their business. In addition, ultra-fast 5G mmWave is creating new use cases for technologies such as AI through distributed computing and connected intelligent edge for immersive XR. Thus, the 5G technology is fueling digital transformations across the world by connecting people to their homes and cars and different businesses to their supply chains. Also, the growing of 5G network helps in increasing the adoption of robotics for various industrial purposes, which will subsequently increase the demand for wire rods to construct 5G infrastructure for uninterrupted communication and data transfer. Therefore, the growing demand for 5G is expected to create lucrative opportunities for the Middle East & Africa wire rod market during the forecast period.
Middle East & Africa Wire Rod Market Overview
The wire rod market in the Middle East and Africa (MEA) is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. In automobiles, wire rods are used to improve a vehicle's efficiency by providing an uninterrupted power supply and connectivity. The market growth in this region is attributed to the growing automotive industry, owing to the increasing vehicle production and sales in these countries. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA) 2021 report, South Africa produced 304,340 passenger vehicle units in 2021. In addition, according to the Turkish Automotive Manufacturers Association (OSD), the total vehicle sales in Turkey increased from 38,131 units in January 2022 to 49,652 units in February 2022. Further, the adoption of EVs is rising across Saudi Arabia. According to the article published by the Arab News in March 2022, Saudi Arabia announced setting up its first EV manufacturing plant in the country as the government plans to ensure that 30% of all vehicles in Riyadh's capital city are expected to be electrically powered by 2030. After the setup of the plant, the country is likely to produce approximately 150,000 EVs annually. Such initiatives by the government are fueling the demand for wire rods in the MEA, which is further bolstering the Middle East & Africa wire rod market growth.
Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Wire Rod Market Segmentation
The Middle East & Africa wire rod market is segmented into material, industry, and country.
Based on material, the Middle East & Africa wire rod market is bifurcated into copper and aluminium. The copper segment held a larger share of the Middle East & Africa wire rod market in 2022.
Based on industry, the Middle East & Africa wire rod market is segmented into telecommunication, power, aviation, automotive, and others. The telecommunication segment held the largest share of the Middle East & Africa wire rod market in 2022.
Based on country, the Middle East & Africa wire rod market has been categorized into the UAE, Saudi Arabia, South Africa, and the rest of Middle East & Africa. Our regional analysis states that Saudi Arabia dominated the Middle East & Africa wire rod market in 2022.
Alcoa Corp, APAR Industries Ltd, Elcowire Group AB, Hindalco Industries Ltd, Mitsubishi Materials Trading Corp, Norsk Hydro ASA, Sumitomo Electric Industries Ltd, United Co RUSAL Plc, Vedanta Aluminium and Power Ltd, and Vimetco NV are the leading companies operating in the Middle East & Africa wire rod market.
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
3.4 Sources and Parameters
4. Middle East & Africa Wire Rod Market Landscape
4.1 Market Overview
4.2 Middle East & Africa PEST Analysis
4.3 Ecosystem Analysis
4.4 Experts’ Opinions
5. Middle East & Africa 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 Strong Inclination Toward Aluminum
5.5 Impact Analysis of Drivers and Restraints
6. Wire Rod Market – Middle East & Africa Analysis
6.1 Middle East & Africa Wire Rod Market Overview
6.2 Middle East & Africa Wire Rod Market Revenue Forecast and Analysis
7. Middle East & Africa Wire Rod Market Analysis – By Material
7.1 Overview
7.2 Middle East & Africa 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. Middle East & Africa Wire Rod Market Analysis – By Industry
8.1 Overview
8.2 Middle East & Africa Wire Rod Market, By Industry (2021 And 2028)
8.3 Telecommunication
8.3.1 Overview
8.3.2 Copper and Aluminum Telecommunication: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.3.2.1 Copper
8.3.2.1.1 Copper: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.3.2.2 Aluminum
8.3.2.2.1 Aluminum: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.4 Power
8.4.1 Overview
8.4.2 Copper and Aluminum Power: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.4.2.1 Copper
8.4.2.1.1 Copper: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.4.2.2 Aluminum
8.4.2.2.1 Aluminum: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.5 Aviation
8.5.1 Overview
8.5.2 Copper and Aluminum Aviation: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.5.2.1 Copper
8.5.2.1.1 Copper: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.5.2.2 Aluminum
8.5.2.2.1 Aluminum: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.6 Automotive
8.6.1 Overview
8.6.2 Copper and Automotive: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.6.2.1 Copper
8.6.2.1.1 Copper: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.6.2.2 Aluminum
8.6.2.2.1 Aluminum: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Copper and Aluminum Others: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.7.2.1 Copper
8.7.2.1.1 Copper: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
8.7.2.2 Aluminum
8.7.2.2.1 Aluminum: Wire Rod Market Revenue and Forecast To 2028 (US$ Million)
9. Middle East & Africa Wire Rod Market– Country Analysis
9.1 Overview
9.1.1 Middle East & Africa: Wire Rod Market, by Key Country (Copper and Aluminum)
9.1.1.1 South Africa: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million) (Copper and Aluminum)
9.1.1.1.1 South Africa: Wire Rod Market, By Material
9.1.1.1.2 South Africa: Wire Rod Market, By Industry
9.1.1.2 Saudi Arabia: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million) (Copper and Aluminum)
9.1.1.2.1 Saudi Arabia: Wire Rod Market, By Material
9.1.1.2.2 Saudi Arabia: Wire Rod Market, By Industry
9.1.1.3 UAE: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million) (Copper and Aluminum)
9.1.1.3.1 UAE: Wire Rod Market, By Material
9.1.1.3.2 UAE: Wire Rod Market, By Industry
9.1.1.4 Rest of Middle East & Africa: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million) (Copper and Aluminum)
9.1.1.4.1 Rest of Middle East & Africa: Wire Rod Market, By Material
9.1.1.4.2 Rest of Middle East & Africa: Wire Rod Market, By Industry
10. Industry Landscape
10.1 Overview
10.2 Product Development
10.3 Mergers & Acquisitions
11. Company Profiles
11.1 Hindalco Industries Ltd
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Mitsubishi Materials Trading Corp
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 APAR Industries Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Vedanta Aluminium and Power Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 United Co RUSAL Plc
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Vimetco NV
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Sumitomo Electric Industries Ltd
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Norsk Hydro ASA
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Elcowire Group AB
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Alcoa Corp
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Wire Rod Market, By Industry (Copper and Aluminum)– Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Wire Rod Market, By Industry (Copper and Aluminum)– Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Wire Rod Market, By Industry (Copper and Aluminum)– Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of Middle East & Africa: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of Middle East & Africa: Wire Rod Market, By Industry (Copper and Aluminum)– Revenue and Forecast to 2028 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Wire Rod Market Segmentation
Figure 2. Middle East & Africa Wire Rod Market Segmentation – By Country
Figure 3. Middle East & Africa Wire Rod Market Overview
Figure 4. Middle East & Africa Wire Rod Market, by Material
Figure 5. Middle East & Africa Wire Rod Market, by Country
Figure 6. Middle East & Africa – PEST Analysis
Figure 7. Middle East & Africa Wire Rod Market- Ecosystem Analysis
Figure 8. Middle East & Africa Wire Rod Market: Impact Analysis of Drivers and Restraints
Figure 9. Middle East & Africa Wire Rod Market Revenue Forecast and Analysis (US$ Million)
Figure 10. Middle East & Africa Wire Rod Market, By Material (2021 and 2028)
Figure 11. Copper: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Aluminum: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Middle East & Africa Wire Rod Market, By Industry (2021 and 2028)
Figure 14. Copper and Aluminum Telecommunication: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Copper: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Aluminum: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Copper and Aluminum Power: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Copper: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Aluminum: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Copper and Aluminum Aviation: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Copper: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Aluminum: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Copper and Automotive: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Copper: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Aluminum: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Copper and Aluminum Others: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Copper: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Aluminum: Middle East & Africa Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Middle East & Africa: Wire Rod Market, by Key Country – Revenue (2021) (US$ Million)
Figure 30. Middle East & Africa: Wire Rod Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. South Africa: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Saudi Arabia: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. UAE: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Rest of Middle East & Africa: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
- Alcoa Corp
- APAR Industries Ltd
- Elcowire Group AB
- Hindalco Industries Ltd
- Mitsubishi Materials Trading Corp
- Norsk Hydro ASA
- Sumitomo Electric Industries Ltd
- United Co RUSAL Plc
- Vedanta Aluminium and Power Ltd
- Vimetco NV