According to a report from Technavio, a leading market research and advisory company based in the UK, the European aluminum wire rod market was predicted to have an increase of 121,130 tons in the volume during the period from 2021 to 2025.
Due to the coronavirus epidemic that happened in the first half, the growth in the 2021-2025 wire market in Europe showed a decline compared to the expected increase in 2020.
Technavio’s report also pointed that the European wire rod market will hike at a compound annual growth rate (CAGR) of nearly 2%.
In addition, the European aluminum wire rod market was forecasted to be raised by the increase in steel output in Europe.
European aluminum wire rod market to grow in 2021-2025
21 Apr 2021 15:36 reported by Joy Liu
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