The aluminum wire market by product is divided into enameled wire, insulated paper wire, fiberglass insulation, Nomex insulation, mica insulation and cotton insulation. The enamel market is the largest segment of the aluminum wire market segmented by product, accounting for 47.7% of the total in 2021. Looking ahead, the paper insulation market is the segment that is expected to become the fastest growing segment of the aluminum wire market, subdivided into products, with a CAGR of 4.2% from 2021-2026. The aluminum wire market is also divided by grade into electrical, alloy and mechanical. The machinery market is the largest segment of the aluminum wire market by grade, accounting for 60.1% of the total in 2021. Looking ahead, Electric expects the segment to be the fastest growing segment in the aluminum wire market by grade, with a compound annual growth rate of 3.8 percent from 2021 to 2026. The aluminum wire market is also segmented by end user into aerospace, Rail, other transportation, building and construction, Energy, robotics, packaging, and other end users. The construction and construction end-user market is the largest segment of aluminum’s end-user segmented wire market, accounting for 2021% of the 26.0 year total. In the future, the robot end user segment is expected to be the fastest growing segment. The aluminum wire market is segmented by end user with a CAGR of 4.1% from 2021 to 2026.
