U.S. Copper Clad Steel Wire Market, By Product Type (Copperclad Dead Soft Annealed Steel Wire, Copperclad Jacketed Steel Wire, Copperclad Composite Conductors, Copperclad Wire-High Strength (HS), and Others), By End-Use Industry (Telecommunication, Power Generation, Electrical and Electronics, Building and Construction, Automotive, and Others)

Published In : May 2024

Code : CMI4942

Pages :80

Formats :

Excel and PDF

Industry : Advanced Materials

Market Concentration and Competitive Landscape

U.S. Copper Clad Steel Wire Market Concentration By Players

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Penetration in Construction and Infrastructure Projects

Penetration in construction and infrastructure projects is a major factor driving the growth of the U.S. copper clad steel wire market. Copper clad steel wire finds wide applications in infrastructure such as electrical grounding, power distribution, telecommunication networks and construction activities. With increasing investments in development of transportation, energy and utility sectors, the demand for copper clad steel wire is expected to rise considerably in the coming years. The U.S. government has recently announced investments toward repair, replacement and upgrade of aging infrastructure across the country. In November 2021, the bipartisan Infrastructure Investment and Jobs Act was signed into law, allocating USD1.2 trillion over five years for modernization of roads, bridges, water systems and broadband internet. A considerable portion of this massive infrastructure package will flow into projects requiring copper clad steel wire. For example, the Act provisions USD 65 billion to upgrade the electrical grid, which will bolster procurement of transmission lines made from copper clad steel wire.

Key Players Insights