The global wire and cable jacket material market size is valued at $4.5 billion in 2021 and is projected to reach $8.3 billion by 2031, growing at a CAGR of 6.27% from 2022 to 2031.
A jacket is the cable's outermost coat, and its primary purpose is to protect the insulation and conductor core from physical and chemical damage. In a sense, the cable jacket is the first line of mechanical defense for a cable by protecting its inner components. Cable jackets material protect the cable from corrosion during or after installation by providing mechanical, moisture, flame, and chemical protection. Various thermoplastic and thermoset materials are used in cable jacketing, but in the report, high temperature thermoplastic materials are considered, which include polytetrafluoroethylene, perfluoroalkoxy (PFA), polyetheretherketone (PEEK), polyimide, and others. They have ability to resist extreme high temperature, oils, acids, sunlight, heat, weathering, chemical effects, and abrasion.
The market is predicted to increase primarily due to growth in end-user industries. There is rise in use of wire and cable jacket material in different industries, such as aerospace and defense, subsea, artificial lift system, power generation, electronics, telecommunication, and others. Moreover, with the growing demand for high-speed internet and rise in emphasis on high-quality telecommunication infrastructure, the global wire and cable jacket materials market is projected to grow during the forecast period. However, the adoption of wire and cable insulation and jacketing material is low due to higher relative cost and volatility in raw materials prices. This is a major hindrance for the growth of the wire and cable jacket market.
Wire and cable jacket material is used in industrial and power generation industries. Power transportation cables are used in power generation, EV/HEV, and others. Key to keeping these cables strong, flexible, and protected includes, high-performance cable insulation material and cable jacket material. The power generation industry has a strong demand for wire and jacketing material as they are highly temperature resistant, chemical & melt resistant, and oil & gas resistant. The rise in demand for renewable energy is expected to create opportunities for the wire and cable jacket material market during the forecast period
The wire & cable jacket material market is classified on the basis of material type, temperature rating, end-use, and region. On the basis of material type, the market is segmented into polyetheretherketone, polyimide, polytetrafluoroethylene, perfluoroalkoxy, and others. On the basis of temperature rating, the market is classified into 200°c to 250°c, 250°c to 300°c, and 300°c above. On the basis of end-use, the market is segmented into aerospace and defense, subsea, artificial lift system, power generation, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The wire & cable jacket material market share is analyzed across all significant regions and countries.
The key players operating in the global wire & cable jacket material market include Arkema S.A., Calmont Wire & Cable Inc., DuPont, Evonik Industries AG, Fluorocarbon Group, Galaxy Wire & Cable, Inc., Habia Cable, Groupe PolyAlto, OFS Fitel, LLC, and 3M.
A jacket is the cable's outermost coat, and its primary purpose is to protect the insulation and conductor core from physical and chemical damage. In a sense, the cable jacket is the first line of mechanical defense for a cable by protecting its inner components. Cable jackets material protect the cable from corrosion during or after installation by providing mechanical, moisture, flame, and chemical protection. Various thermoplastic and thermoset materials are used in cable jacketing, but in the report, high temperature thermoplastic materials are considered, which include polytetrafluoroethylene, perfluoroalkoxy (PFA), polyetheretherketone (PEEK), polyimide, and others. They have ability to resist extreme high temperature, oils, acids, sunlight, heat, weathering, chemical effects, and abrasion.
The market is predicted to increase primarily due to growth in end-user industries. There is rise in use of wire and cable jacket material in different industries, such as aerospace and defense, subsea, artificial lift system, power generation, electronics, telecommunication, and others. Moreover, with the growing demand for high-speed internet and rise in emphasis on high-quality telecommunication infrastructure, the global wire and cable jacket materials market is projected to grow during the forecast period. However, the adoption of wire and cable insulation and jacketing material is low due to higher relative cost and volatility in raw materials prices. This is a major hindrance for the growth of the wire and cable jacket market.
Wire and cable jacket material is used in industrial and power generation industries. Power transportation cables are used in power generation, EV/HEV, and others. Key to keeping these cables strong, flexible, and protected includes, high-performance cable insulation material and cable jacket material. The power generation industry has a strong demand for wire and jacketing material as they are highly temperature resistant, chemical & melt resistant, and oil & gas resistant. The rise in demand for renewable energy is expected to create opportunities for the wire and cable jacket material market during the forecast period
The wire & cable jacket material market is classified on the basis of material type, temperature rating, end-use, and region. On the basis of material type, the market is segmented into polyetheretherketone, polyimide, polytetrafluoroethylene, perfluoroalkoxy, and others. On the basis of temperature rating, the market is classified into 200°c to 250°c, 250°c to 300°c, and 300°c above. On the basis of end-use, the market is segmented into aerospace and defense, subsea, artificial lift system, power generation, and others. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The wire & cable jacket material market share is analyzed across all significant regions and countries.
The key players operating in the global wire & cable jacket material market include Arkema S.A., Calmont Wire & Cable Inc., DuPont, Evonik Industries AG, Fluorocarbon Group, Galaxy Wire & Cable, Inc., Habia Cable, Groupe PolyAlto, OFS Fitel, LLC, and 3M.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global wire & cable jacket material market from 2020 to 2030 to determine the prevailing opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.
- Profiles of leading players operating in the market are provided to understand the global competitive scenario.
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.
COVID-19 Impact on Market
- COVID-19 spread to almost 213 countries across the globe, with the World Health Organization declaring it a pandemic on March 11, 2020.
- Wire & cable jacket material primarily used in the aerospace, electrical, oil & gas and automotive industries, which were severely affected by the COVID-19 pandemic owing to the lockdown imposed by various governments.
- Disruptions in raw material procurement and price volatility hampered the growth of the wire & cable jacket material market during the COVID-19 pandemic.
- From the beginning of 2021, aerospace, electrical, oil & gas and automotive industries started their operations normally as the vaccination rollouts increased, due to which the demand for wire & cable jacket material increased in the these end-use industries from the start of 2021.
Key Market Segments
By Temperature Rating
- 200°C to 250°C
- 250°C to 300°C
- 300°C Above
By Material Type
- Polyetheretherketone
- Polyimide
- Polytetrafluoroethylene
- Perfluoroalkoxy
- Others
By End Use
- Aerospace and Defense
- Subsea
- Artificial Lift System
- Power Generation
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- ARKEMA S.A.
- Calmont Wire & Cable Inc.
- E. I. DU PONT DE NEMOURS AND COMPANY
- Evonik Industries AG
- Fluorocarbon Group
- Galaxy Wire & Cable, Inc.
- Habia Cable
- IGUS
- OFS Fitel, LLC
- 3M Company
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: WIRE AND CABLE JACKET MATERIAL MARKET, BY TEMPERATURE RATING
CHAPTER 5: WIRE AND CABLE JACKET MATERIAL MARKET, BY MATERIAL TYPE
CHAPTER 6: WIRE AND CABLE JACKET MATERIAL MARKET, BY END USE
CHAPTER 7: WIRE AND CABLE JACKET MATERIAL MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Wire And Cable Jacket Material Market," the wire and cable jacket material market was valued at $4.6 billion in 2021, and is estimated to reach $8.3 billion by 2031, growing at a CAGR of 6.27% from 2022 to 2031.A typical cable wire and cable insulation and jacketing product comprises a wire conductor (typically copper) covered by insulation, and a jacket that encloses the insulated wire(s). Insulation is applied on conducting materials for electrical isolation between the conductor and the ground. Jacket material is applied over conductor insulations or cable core for mechanical, chemical, or electrical protection.
The market growth is driven by high demand for such products across various applications. Wire and cable materials have evolved at a rapid pace over the past couple of decades, due to advancements in material science, R&D activities, and introduction of new types of wires in accord with applications across various industrial domains. While electrical cables are growing in demand globally, the uptake of mechanical cables is on the rise due to which, a steady growth of the global wire and cable jacket materials market is projected during the forecast period.
The wire and cable jacket materials market is categorized into material type, temperature rating, end-use, and region. On the basis of material type, the perfluoroalkoxy segment accounted 30.4% revenue market share of the global wire and cable jacket material market in 2021, and is expected to maintain its dominance during the forecast period. The ability of PFA to dissipate less energy at high frequencies and their high insulating ability makes them an ideal material for use in the production of cables for the electronics & semiconductor industry.
On the basis of temperature rating, the 250°C to 300°C segment dominated the global wire and cable jacket material market in terms of revenue, in 2021. Wire and cable jacket materials that withstand 250°C to 300°C temperature include, perfluoroalkoxy (PFA) and tetrafluoroethylene (TFE).
On the basis of end-use, the aerospace and defense segment dominated the global wire and cable jacket material market in terms of revenue, in 2021. These thermoplastic material types increase durability and efficiency of aerospace and defense cable and wire, which, in turn, facilitate better production quality in the market.
By region, Asia Pacific dominates the global market with a market share of 34.6% in 2021, and the Asia Pacific is expected to grow with the fastest growth rate over the forecast period. In various Asia-Pacific countries, the subsea industry is growing rapidly which is beneficial for wire and cable jacket material market growth. In Asia-Pacific, a number of undersea as well as ground optical fiber projects that are either in the pipeline or in progress are also expected to fuel the demand for wire and cable jacket materials during the assessment period.
The key players operating in the global wire & cable jacket material market include Arkema S.A., Calmont Wire & Cable Inc., DuPont, Evonik Industries AG, Fluorocarbon Group, Galaxy Wire & Cable, Inc., Habia Cable, Groupe PolyAlto, OFS Fitel, LLC, and 3M.
Key Findings of the Study
- By material type, the polyimide segment is projected to grow at the highest CAGR of approximately 6.89%, in terms of revenue, during the forecast period.
- By temperature rating, the 250°C to 300°C segment is expected to dominate the market during the forecast period.
- By end use, the artificial lift system segment is projected to grow at the highest CAGR of approximately 6.96%, in terms of revenue, during the forecast period.
- Region-wise, Asia Pacific is the major consumer of wire & cable jacket materials among other regions. It accounted for around 34.6% of the global market share in 2021 and Asia-Pacific is expected to show a lucrative growth rate over the forecast period.
- COVID-19 Impact on Market
- During the COVID-19 pandemic, the wire & cable jacket materials industry was impacted in terms of distribution and logistics due to lockdown across the globe. Wire & cable jacket materials production and distribution came to a halt because of the economic downturn due to the pandemic.
- The COVID-19 pandemic disrupted the aerospace, power generation, and automotive industries resulting in reduced usage of wire and cable jacket materials in these industries.
- The global COVID-19 pandemic hindered inter-country activity and import &export of wire and cable jacket materials due to varied economic and legal limitations globally. As a result, the wire and cable jacket materials market impacted moderately in 2021. However, by the beginning of 2021, all the industries started their operation due to which the demand for wire and cable jacket materials improved in the aerospace, power generation, and automotive industries
Companies Mentioned
- Arkema S.A.
- Calmont Wire & Cable Inc.
- E. I. Du Pont De Nemours and Company
- Evonik Industries AG
- Fluorocarbon Group
- Galaxy Wire & Cable, Inc.
- Habia Cable
- Igus
- Ofs Fitel, LLC
- 3M Company
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 268 |
| Published | June 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 4.5 billion |
| Forecasted Market Value ( USD | $ 8.3 billion |
| Compound Annual Growth Rate | 6.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
