Pure copper is the best conductor of electricity; however, in the purest form, copper is malleable and low in strength and requires addition of small amount of alloying elements such as tin, iron, silver, and phosphorus
to improve its hardness and strength without lowering the electrical conductivity. Copper and copper alloys are some of the most versatile engineering materials available. The blend of physical properties such as conductivity, corrosion resistance, strength, machinability and ductility make it suitable for a variety of applications. These properties can be further enhanced with variations in composition and manufacturing methods. The largest end user of copper is building and construction industry. Some of the important applications of copper in construction industry include roofing, cladding, rainwater systems, heating systems, water pipes and fittings, electrical wiring, oil and gas, and others. Rising demand for copper in multiple applications, multi-polar business world, increasing recycling efforts and growing sustainability ambitions are some of the trends being observed in the global copper alloy wire market.
||Copper Alloy Wire Market
||2016 - 2026
||2021 - 2028
||By Type, By Application and By Geography
||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
|Key Companies Profiled
||Nexans, The KME Group, Diehl Metall Stiftung & Co. KG, Fisk Alloy, Alloy Wire International, Lutava, Shanghai Kangcheng Copper, and San-Etsu Metals Co., Ltd. among others.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
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Preference towards manufacturing and using of smart materials has resulted in development of new generation material with superior properties and safer operations. The global market or copper alloy wire is expected to reach over $4.8 billion by 2023, growing at a CAGR of more than 6% during the forecast period from 2016 to 2023. Rising demand from various end user industries, primarily from Asia-Pacific region is the major factor driving the global market growth. North America was the second largest market for copper alloy wire, in terms of revenue, in 2015, and accounted for the share of around 25%.
The global copper alloy wire market is segmented based on type, applications, and geography. Based on alloy type, the copper alloy wire market is segmented into Brass, Copper Nickel, Phosphor Bronze, and others. The others segment comprises high performance alloy wires such as copper-magnesium, copper-tin and copper-iron among others. Among these alloy types, Brass is the most widely used alloy type and has applications in electronic parts and components and mechanical fasteners. Brass alloy wire is softer than steel wire or stainless steel wire, and offers a brushing action, not letting to scratch the harder metals. It is a good conductor of electrical energy and is suitable for applications such as static reduction when incorporated into a brass wire strip brush. Based on applications, the global copper alloy wire market is segmented into electrical and electronics, automotive, engineering, construction, and others. Owing to the better electrical conductivity offered by copper alloy wire, it is widely used in electrical and electronic application. Based on geography, the market is divided into North America, Europe, Asia-Pacific, South America, and Rest of the World. Each of these regional markets are further divided into major countries in the respective regions.
Market by Type
Market by Application
Electrical and Electronics
Market by Geography
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Rest of South America
Rest of the World (RoW)
o Rest of RoW
Among the major players operating in this market, few profiled in the report include Nexans, The KME Group, Diehl Metall Stiftung & Co. KG, Fisk Alloy, Alloy Wire International, Lutava, Shanghai Kangcheng Copper, and San-Etsu Metals Co., Ltd. among others.