Latin America Aluminum Wire Market Size & Outlook
Latin America aluminum wire market, -2030 (US$M)
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Latin America aluminum wire market highlights
- The Latin America aluminum wire market generated a revenue of USD 494.8 million in 2024.
- The market is expected to grow at a CAGR of 5% from 2025 to 2030.
- In terms of segment, electrical was the largest revenue generating product in 2024.
- Electrical is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 494.8 million |
| Market revenue in 2030 | USD 662.3 million |
| Growth rate | 5% (CAGR from 2024 to 2030) |
| Largest segment | Electrical |
| Fastest growing segment | Electrical |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Electrical, Mechanical |
| Key market players worldwide | Kaiser Aluminum Corp, Prysmian SpA, Southwire Company, Cerro Wire, Nexans, Sumitomo Electric Industries Ltd ADR, Southern Cable Group, Ducab, Norsk Hydro ASA |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.5% of the global aluminum wire market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 39,495.5 million by 2030.
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Aluminum Wire Market Scope
Aluminum Wire Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America aluminum wire market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aluminum wire market will help companies and investors design strategic landscapes.
Electrical was the largest segment with a revenue share of 80.38% in 2022. Horizon Databook has segmented the Latin America aluminum wire market based on electrical, mechanical covering the revenue growth of each sub-segment from to 2030.
Central & South America is anticipated to witness the lowest CAGR compared to other regions of the global aluminum wire market. The growth in the region was impacted in 2020, with the emergence of the COVID-19 pandemic.
Which can be reflected in the GDP of Central & South America that contracted by around 8% in the same year. Supply chain disruptions and declining investments owing to coronavirus outbreak are the major factors contributing to the economic decline of the region.
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Our clientele includes a mix of aluminum wire market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America aluminum wire market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America aluminum wire market from to 2030, including revenue numbers, major trends, and company profiles.
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Latin America aluminum wire market
Latin America Aluminum Wire Market Outlook Share, 2022 & 2030 (US$M)
Latin America aluminum wire market
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