Copper Clad Wire Market - Global Industry Analysis 2014 - 2018 and Forecast 2019 - 2029


Copper Clad Wire  Market
  • To Be Published : Nov-2020 |
  • Status : Work in progress |
  • Format : Copper Clad Wire  Market Copper Clad Wire  Market Copper Clad Wire  Market Copper Clad Wire  Market

Introduction

Copper clad wire, or CCW, is a type of wire made up of solid metal core covered by a layer of copper so as to enhance the wire’s overall performance. This is not to be confused with an alloy because the process involved in manufacturing copper clad wires is known as cladding. The bimetallic wire provides optimum characteristics of both the metals, namely copper and the base metal. For instance, aluminum copper clad wire is a low weight product compared to the pure aluminum wire of similar dimensions. This is primarily due to the aluminum core. Additionally, copper cladding enhances the conductivity and provides solderability to the product. Of the overall cross sectional area of copper clad wire, approximately 10% is copper clad. By volume, the copper cladding varies between 10% and 15%, depending upon the desired diameter of the final product.

Copper Clad Wire Market: Dynamics

The adoption rate of newer technologies in the electrical industry, particularly among the wiring and cable manufacturers, is relatively low. Hence, copper clad wire has faced uncertainty for a brief period of time before being widely accepted across industries. With its proven benefits as compared to pure copper wires, copper clad wires are expected to witness a significant demand in the coming years. Another factor contributing significantly to the growth of copper clad wire market is the high price of copper. Due to the high demand of copper as a conductor, the price tag associated with it is between 3-4 times the prices of aluminum. Hence, swift transformation to copper clad aluminum wires from pure copper wire enables the cable manufacturers to exploit the benefits of copper while also monitoring the price associated with it. Alongside, the steel copper clad wires are also noted to have minimal scrap value, discouraging theft in certain areas.

However, the main problem with copper clad wires isn’t economical but technical. For starters, it is found that copper clad aluminum has 55% higher DC (direct current) resistance. This results in energy transferred to be converted into heat, reducing the overall amount of power transferred. However, these are anticipated to be minimized with further R&D investments over the forecast period.

The wide acceptance of the product in the electrical industry in recent times, has attracted the interest of several wire and cable manufacturers. Also, since the market ecosystem of copper clad wires is still in its evolutionary phase, the market entry for new manufacturers is expected to face relatively lesser competition.

Copper Clad Wire Market: Segmentation

The global copper clad wire market can be segmented on the basis of product type, number of strands, jacketing, application and end user

On the basis of product type, the global copper clad wire market can be segmented into:

  • Aluminium Copper Clad Wire
  • Steel Copper Clad Wire

On the basis of number of strands, the global copper clad wire market can be segmented into:

  • Single Strand Copper Clad Wire
  • Multiple Strands Copper Clad Wire
    • 3 Cable Strands
    • 7 Cable Strands
    • 19 Cable Strands

On the basis of jacketing, the global copper clad wire market can be segmented into:

  • Jacketed Copper Clad Wire
  • Non – Jacketed Copper Clad Wire / Bare Solid Copper Clad Wire

On the basis of application, the global copper clad wire market can be segmented into:

  • Voice Coils
  • RF Antennas
  • Television Cables
  • Power Distribution Cables

On the basis of end user, the global copper clad wire market can be segmented into:

  • Transportation
    • Automotive
    • Aviation
    • Marine
    • Railways
  • Consumer Electronics
  • Power & Energy
  • Construction
  • General Industrial

Copper Clad Wire Market: Regional Outlook

On a regional front, the copper clad wire market is expected to be highly dominant in the countries of East Asia owing to the large scale consumer electronics production in the region. Additionally, with several companies adopting the “China Plus One” strategy, establishment of businesses in South Asia is seen to be on a higher side. This is further expected to boost the copper clad wire product sales in the countries of South Asia. Hence, the region is expected to showcase relatively higher growth over the forecast period. With a steady economical evolution in countries in North America and Europe, the market for copper clad wire is expected to expand in tandem with the industrial growth. Large scale construction projects being lined up in Middle East & Africa have placed the region at a position where copper clad wire can potentially create lucrative opportunities for market participants over the long term.

Some of the market participants in the global copper clad wire market identified across the value chain include:

  • Sandvik AB
  • The Elektrisola Group
  • Fujikura Ltd.
  • Gürfil Sanayi ve Elektronik Cihazlar? Pazarlama A.?.
  • Kris-Tech Wire
  • JMV LPS Limited
  • General Clad Co. Ltd.
  • CopperClad S.A. de C.V.
  • PVS N.V.
  • Shibata Co., Ltd.
  • Copperhead Industries, LLC
  • LEONI Cable S.A. de C.V.
  • Danyang Litong Cable Technology Co.,Ltd
  • AFL

The Copper Clad Wire research report presents a comprehensive assessment of the Copper Clad Wire market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The Copper Clad Wire research report provides analysis and information according to market segments such as geographies, scaffold type, position, number of points and number of tiers.

The Copper Clad Wire report covers exhaustive analysis on:

  • Copper Clad Wire Market Segments
  • Copper Clad Wire Market Dynamics
  • Copper Clad Wire Market Size
  • Copper Clad Wire Market Supply & Demand Scenario
  • Copper Clad Wire Market Current Trends/Issues/Challenges
  • Copper Clad Wire Market Competition & Companies Involved
  • Copper Clad Wire Market Value Chain

Regional Analysis for Copper Clad Wire Market includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
  • South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest of South Asia)
  • East Asia (Japan, China, South Korea)
  • Oceania (Australia, New Zealand)
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The Copper Clad Wire report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The Copper Clad Wire report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Copper Clad Wire report also maps the qualitative impact of various market factors on market segments and geographies.

Copper Clad Wire Report Highlights:       

  • Detailed overview of parent market
  • Changing Copper Clad Wire market dynamics in the industry
  • In-depth Copper Clad Wire market segmentation
  • Historical, current and projected Copper Clad Wire market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for Copper Clad Wire market players to sustain and enhance their market footprint
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