South Korea Aluminum Wire Market Size & Outlook, 2022-2030
South Korea aluminum wire market, -2030 (US$M)
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South Korea aluminum wire market highlights
- The South Korea aluminum wire market generated a revenue of USD 112.6 million in 2024 and is expected to reach USD 149.2 million by 2030.
- The South Korea market is expected to grow at a CAGR of 4.8% 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.
Aluminum wire market data book summary
| Market revenue in 2024 | USD 112.6 million |
| Market revenue in 2030 | USD 149.2 million |
| Growth rate | 4.8% (CAGR from 2024 to 2030) |
| Largest segment | Electrical |
| Fastest growing segment | Electrical |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 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, South Korea accounted for 0.3% of the global aluminum wire market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China aluminum wire market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,649.5 million by 2030.
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Aluminum Wire Market Scope
Aluminum Wire Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Korea 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 79.75% in 2022. Horizon Databook has segmented the South Korea aluminum wire market based on electrical, mechanical covering the revenue growth of each sub-segment from to 2030.
South Korea is a lucrative market for aluminum wire as the nation is expanding its manufacturing sector. The telecommunication segment in the South Korean aluminum wire market is anticipated to register a growth rate of 8.5%.
In terms of revenue, over the forecast period. The growth of the segment can be attributed to increasing investments in the telecom industry.
In science and information & communication technology research, focusing on new technologies including artificial intelligence and 6G wireless networks.
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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 country-level data and insights on the South Korea aluminum wire market , including forecasts for subscribers. This country databook contains high-level insights into South Korea aluminum wire market from to 2030, including revenue numbers, major trends, and company profiles.
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South Korea aluminum wire market
South Korea Aluminum Wire Market Outlook Share, 2022 & 2030 (US$M)
South Korea aluminum wire market
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