South America 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 South America wire rod market is expected to grow from US$ 126.08 million in 2022 to US$ 147.42 million by 2028. It is estimated to grow at a CAGR of 2.6% from 2022 to 2028.
Evolving Telecommunication Industry is Fuelling South America 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 South America wire rod market during the forecast period.
South America Wire Rod Market Overview
The South America wire rod market is segmented into Brazil, Argentina, and the Rest of South America. Brazil is estimated to be the most significant contributor to the revenue of the SAM wire rod market during the forecast period. Wire rods are used for continuous power supply in electric and hybrid vehicles. They are also used to provide robust connectivity, which is raising their demand for electric vehicles. The automotive industry in SAM is currently going through a transitional shift toward electric vehicle mobility. Most of the global automotive companies, including BMW, BYD, Ford, General Motors, Honda, Hyundai, Kia, Land Rover, and Mercedes-Benz, have manufacturing operations in the country. The automotive industry accounts for approximately 15% of Brazil’s industrial GDP. According to Atradius Collections, in the 1st half of 2021, there was a 33% increase in the registration of new passenger cars in Brazil. Similarly, Colombia has also experienced tremendous growth in the automotive industry. According to United Nations Industrial Development Organization, the country’s automotive industry represents 6.2% of its industrial GDP. Also, as per the National Traffic Registry (RUNT) of Colombia, in June 2022, 23,306 new vehicles were registered, which represented an increase of 14.1% compared to June 2021. Thus, the growing automotive industry in these countries is propelling the growth of the South America wire rod market.
South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
South America Wire Rod Market Segmentation
The South America wire rod market is segmented into material, industry, and country.
Based on material, the South America wire rod market is bifurcated into copper and aluminium. The copper segment held a larger share of the South America wire rod market in 2022.
Based on industry, the South America wire rod market is segmented into telecommunication, power, aviation, automotive, and others. The telecommunication segment held the largest share of the South America wire rod market in 2022.
Based on country, the South America wire rod market has been categorized into Brazil, Argentina, Peru, Chile, and the rest of South America. Our regional analysis states that Chile dominated the South America 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, and Vimetco NV are the leading companies operating in the South America 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. South America Wire Rod Market Landscape
4.1 Market Overview
4.2 South America PEST Analysis
4.3 Ecosystem Analysis
4.4 Experts’ Opinions
5. South America 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 – South America Analysis
6.1 South America Wire Rod Market Overview
6.2 South America Wire Rod Market Revenue Forecast and Analysis
7. South America Wire Rod Market Analysis – By Material
7.1 Overview
7.2 South America 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. South America Wire Rod Market Analysis – By Industry
8.1 Overview
8.2 South America 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. South America Wire Rod Market– Country Analysis
9.1 Overview
9.1.1 South America: Wire Rod Market, by Key Country (Copper and Aluminium)
9.1.1.1 Brazil: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million) (Copper and Aluminum)
9.1.1.1.1 Brazil: Wire Rod Market, By Material
9.1.1.1.2 Brazil: Wire Rod Market, By Industry
9.1.1.2 Argentina: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million) (Copper and Aluminum)
9.1.1.2.1 Argentina: Wire Rod Market, By Material
9.1.1.2.2 Argentina: Wire Rod Market, By Industry
9.1.1.3 Chile: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million) (Copper and Aluminum)
9.1.1.3.1 Chile: Wire Rod Market, By Material
9.1.1.3.2 Chile: Wire Rod Market, By Industry
9.1.1.4 Peru Wire Rod Market – Revenue and Forecast to 2028 (US$ Million) (Copper and Aluminum)
9.1.1.4.1 Peru: Wire Rod Market, By Material
9.1.1.4.2 Peru: Wire Rod Market, By Industry
9.1.1.5 Rest of South America: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million) (Copper and Aluminum)
9.1.1.5.1 Rest of South America: Wire Rod Market, By Material
9.1.1.5.2 Rest of South America: Wire Rod Market, By Industry
10. Industry Landscape
10.1 Overview
10.2 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 United Co RUSAL Plc
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 Vimetco NV
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 Sumitomo Electric Industries Ltd
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 Norsk Hydro ASA
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 Elcowire Group AB
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 Alcoa Corp
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
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: Wire Rod Market, By Industry (Copper and Aluminum)– Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: Wire Rod Market, By Industry (Copper and Aluminum)– Revenue and Forecast to 2028 (US$ Million)
Table 6. Chile: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 7. Chile: Wire Rod Market, By Industry (Copper and Aluminum)– Revenue and Forecast to 2028 (US$ Million)
Table 8. Peru: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 9. Peru: Wire Rod Market, By Industry (Copper and Aluminum)– Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of South America: Wire Rod Market, By Material – Revenue and Forecast to 2028 (US$ Million)
Table 11. Rest of South America: Wire Rod Market, By Industry (Copper and Aluminum)– Revenue and Forecast to 2028 (US$ Million)
Table 12. List of Abbreviation
LIST OF FIGURES
Figure 1. South America Wire Rod Market Segmentation
Figure 2. South America Wire Rod Market Segmentation – By Country
Figure 3. South America Wire Rod Market Overview
Figure 4. South America Wire Rod Market, by Material
Figure 5. South America Wire Rod Market, by Country
Figure 6. South America – PEST Analysis
Figure 7. South America Wire Rod Market- Ecosystem Analysis
Figure 8. South America Wire Rod Market: Impact Analysis of Drivers and Restraints
Figure 9. South America Wire Rod Market Revenue Forecast and Analysis (US$ Million)
Figure 10. South America Wire Rod Market, By Material (2021 and 2028)
Figure 11. Copper: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Aluminum: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. South America Wire Rod Market, By Industry (2021 and 2028)
Figure 14. Copper and Aluminum Telecommunication: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Copper: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Aluminum: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 17. Copper and Aluminum Power: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Copper: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Aluminum: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Copper and Aluminum Aviation: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Copper: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Aluminum: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Copper and Automotive: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Copper: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Aluminum: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Copper and Aluminum Others: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Copper: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Aluminum: South America Wire Rod Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. South America: Wire Rod Market, by Key Country – Revenue (2021) (US$ Million)
Figure 30. South America: Wire Rod Market Revenue Share, by Key Country (2021 and 2028)
Figure 31. Brazil: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Argentina: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Chile: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Peru: Wire Rod Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Rest of South America: 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
- Vimetco NV