The wire & cable compounds market size has grown rapidly in recent years. It will grow from $12.63 billion in 2023 to $13.9 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to infrastructure development, the expansion of telecommunication networks, growth in the automotive industry, renewable energy projects, and increased urbanization and construction activities.
The wire & cable compounds market size is expected to see strong growth in the next few years. It will grow to $20.05 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The anticipated growth in the forecast period is driven by the deployment of 5G technology, the expansion of the electric vehicle (EV) market, the integration of renewable energy sources, initiatives for smart cities, and the modernization of power grids. Major trends expected in this period include the development of low-smoke zero-halogen (LSZH) compounds, increased demand for high-performance compounds in data communication, a focus on lightweight and environmentally friendly materials, the integration of nanotechnology for enhanced material properties, and the use of customized formulations for specific applications.
The upward trajectory of the construction sector is set to drive the expansion of the wire and cable compounds market in the foreseeable future. Within the realm of industry and commerce, the construction sector encompasses activities centered on creating, sustaining, and refurbishing infrastructures. Wire and cable compounds play a pivotal role in this sector by providing wires with robust insulation and safeguarding power transmission or telecommunication cables against moisture infiltration. For instance, as reported in January 2022 by Global Construction Perspectives and Oxford Economics, UK-based academic economists, there's an anticipated 85% surge in global construction production by 2030, amounting to $15.5 trillion. China, the United States, and India are poised to spearhead this growth, collectively contributing 57% to the projected increase. Notably, the US construction market is forecasted to experience more rapid expansion over the next 15 years compared to China. Consequently, the burgeoning construction sector stands as the key driver propelling the expansion of the wire and cable compounds market.
The burgeoning global need for electricity is poised to drive the expansion of the wire and cable compound market. Electricity, as a form of energy arising from charged particles, utilizes wire and cable compounds to enable the efficient and secure transmission of electric currents. These compounds serve by establishing a conductive pathway, minimizing energy dissipation, and mitigating the risks associated with electrical hazards. As an example, as per the World Energy and Climate Statistics presented by Enerdata, a France-based information services company, electricity consumption in the United States observed a 1.8% uptick in 2022. Hence, the escalating worldwide demand for electricity stands as the primary force propelling the growth of the wire and cable compound market.
Technological advancements are a significant trend gaining traction in the wire and cable compounds market. Major companies are focusing on developing new products with advanced technologies to maintain their position in the market. For example, in February 2022, Lubrizol Corporation, a US-based chemicals company, introduced a new non-halogenated, flame-retardant grade polymer compound for wire and cable applications. This new compound is manufactured without the use of halogens and boasts improved key performance attributes such as drying time, drying temperature, mechanical properties, and flame retardancy.
Prominent companies in the wire and cable compounds market are actively engaged in developing new products featuring advanced technologies, including the thinnest LAN cable, to introduce highly advanced and innovative solutions for critical applications. A LAN cable, also known as a local area network cable, is a type of networking cable used for communication and connecting various network components such as computers, switches, routers, printers, and other devices within a local area network. For example, in February 2022, LS Cable & System, a South Korea-based chemicals company, launched the world's thinnest LAN cable with a remarkable 6mm outer diameter. This groundbreaking cable is capable of transmitting data at speeds of up to 10 gigabytes per second and outperforms other general-purpose products by reducing the outer diameter by approximately 20 percent.
In October 2023, Ravicab Cables Private Limited, an India-based specialized cable manufacturer, acquired Leoni Cable Solutions India Pvt. Ltd. (LCSI) for an undisclosed sum. This acquisition is part of Ravicab Cables' strategic initiatives, aiming to expand its market reach, broaden its product range, and achieve synergistic growth in its business operations. Leoni Cable Solutions India Pvt. Ltd. (LCSI) is a fully owned subsidiary of Leoni AG, a Germany-based manufacturer known for its fire survival cables, high-tension power cables, and low-tension control cables.
Major companies operating in the wire & cable compounds market report are Exxon Mobil Corporation, Mitsubishi Chemical Corporation, Sumitomo Electric Industries Ltd., Evonik Industries AG, Prysmian Group, DuPont de Nemours Inc., Siam Cement Public Company Limited, Solvay S.A., Hanwha Solutions Corporation, Nexans SA, Borouge, Avient Corporation, Cabot Corporation, Trelleborg AB, Eastman Chemical Company, Belden Inc., Teknor Apex Company, SCG Chemicals Co. Ltd., Southwire Company LLC, RIKEN TECHNOS CORPORATION, Electric Cable Compounds Inc., Chemceed LLC, Alphagary Limited, BUSS AG, Melos GmbH, Dugar Polymers Limited, Relicab Cable Manufacturing Limited, Techno Vinyl Polymers India Ltd., General Cable Technologies Corporation, PVCL.
North America was the largest region in the wire & cable compounds market in 2023. The regions covered in the wire & cable compounds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wire & cable compounds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The main types of wire and cable compounds are categorized as halogenated polymers and non-halogenated polymers. Halogenated polymers include materials such as polyvinyl chloride (PVC) and chlorinated polyethylene (CPE). These compounds are used for insulation and sheathing purposes in various industries such as construction, wind energy, power, communication, automotive, and others.
The wire and cable compounds market research report is one of a series of new reports that provides wire and cable compounds market statistics, including wire and cable compounds industry global market size, regional shares, competitors with a wire and cable compounds market share, detailed wire and cable compounds market segments, market trends and opportunities, and any further data you may need to thrive in the wire & cable compounds industry. This wire and cable compounds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The wire and cable compounds market consist of sales of thermoplastic polyester (PBT), crosslinked polyethylene (XLPE), and polyvinyl chloride (PVC). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The wire & cable compounds market size is expected to see strong growth in the next few years. It will grow to $20.05 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The anticipated growth in the forecast period is driven by the deployment of 5G technology, the expansion of the electric vehicle (EV) market, the integration of renewable energy sources, initiatives for smart cities, and the modernization of power grids. Major trends expected in this period include the development of low-smoke zero-halogen (LSZH) compounds, increased demand for high-performance compounds in data communication, a focus on lightweight and environmentally friendly materials, the integration of nanotechnology for enhanced material properties, and the use of customized formulations for specific applications.
The upward trajectory of the construction sector is set to drive the expansion of the wire and cable compounds market in the foreseeable future. Within the realm of industry and commerce, the construction sector encompasses activities centered on creating, sustaining, and refurbishing infrastructures. Wire and cable compounds play a pivotal role in this sector by providing wires with robust insulation and safeguarding power transmission or telecommunication cables against moisture infiltration. For instance, as reported in January 2022 by Global Construction Perspectives and Oxford Economics, UK-based academic economists, there's an anticipated 85% surge in global construction production by 2030, amounting to $15.5 trillion. China, the United States, and India are poised to spearhead this growth, collectively contributing 57% to the projected increase. Notably, the US construction market is forecasted to experience more rapid expansion over the next 15 years compared to China. Consequently, the burgeoning construction sector stands as the key driver propelling the expansion of the wire and cable compounds market.
The burgeoning global need for electricity is poised to drive the expansion of the wire and cable compound market. Electricity, as a form of energy arising from charged particles, utilizes wire and cable compounds to enable the efficient and secure transmission of electric currents. These compounds serve by establishing a conductive pathway, minimizing energy dissipation, and mitigating the risks associated with electrical hazards. As an example, as per the World Energy and Climate Statistics presented by Enerdata, a France-based information services company, electricity consumption in the United States observed a 1.8% uptick in 2022. Hence, the escalating worldwide demand for electricity stands as the primary force propelling the growth of the wire and cable compound market.
Technological advancements are a significant trend gaining traction in the wire and cable compounds market. Major companies are focusing on developing new products with advanced technologies to maintain their position in the market. For example, in February 2022, Lubrizol Corporation, a US-based chemicals company, introduced a new non-halogenated, flame-retardant grade polymer compound for wire and cable applications. This new compound is manufactured without the use of halogens and boasts improved key performance attributes such as drying time, drying temperature, mechanical properties, and flame retardancy.
Prominent companies in the wire and cable compounds market are actively engaged in developing new products featuring advanced technologies, including the thinnest LAN cable, to introduce highly advanced and innovative solutions for critical applications. A LAN cable, also known as a local area network cable, is a type of networking cable used for communication and connecting various network components such as computers, switches, routers, printers, and other devices within a local area network. For example, in February 2022, LS Cable & System, a South Korea-based chemicals company, launched the world's thinnest LAN cable with a remarkable 6mm outer diameter. This groundbreaking cable is capable of transmitting data at speeds of up to 10 gigabytes per second and outperforms other general-purpose products by reducing the outer diameter by approximately 20 percent.
In October 2023, Ravicab Cables Private Limited, an India-based specialized cable manufacturer, acquired Leoni Cable Solutions India Pvt. Ltd. (LCSI) for an undisclosed sum. This acquisition is part of Ravicab Cables' strategic initiatives, aiming to expand its market reach, broaden its product range, and achieve synergistic growth in its business operations. Leoni Cable Solutions India Pvt. Ltd. (LCSI) is a fully owned subsidiary of Leoni AG, a Germany-based manufacturer known for its fire survival cables, high-tension power cables, and low-tension control cables.
Major companies operating in the wire & cable compounds market report are Exxon Mobil Corporation, Mitsubishi Chemical Corporation, Sumitomo Electric Industries Ltd., Evonik Industries AG, Prysmian Group, DuPont de Nemours Inc., Siam Cement Public Company Limited, Solvay S.A., Hanwha Solutions Corporation, Nexans SA, Borouge, Avient Corporation, Cabot Corporation, Trelleborg AB, Eastman Chemical Company, Belden Inc., Teknor Apex Company, SCG Chemicals Co. Ltd., Southwire Company LLC, RIKEN TECHNOS CORPORATION, Electric Cable Compounds Inc., Chemceed LLC, Alphagary Limited, BUSS AG, Melos GmbH, Dugar Polymers Limited, Relicab Cable Manufacturing Limited, Techno Vinyl Polymers India Ltd., General Cable Technologies Corporation, PVCL.
North America was the largest region in the wire & cable compounds market in 2023. The regions covered in the wire & cable compounds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the wire & cable compounds market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The main types of wire and cable compounds are categorized as halogenated polymers and non-halogenated polymers. Halogenated polymers include materials such as polyvinyl chloride (PVC) and chlorinated polyethylene (CPE). These compounds are used for insulation and sheathing purposes in various industries such as construction, wind energy, power, communication, automotive, and others.
The wire and cable compounds market research report is one of a series of new reports that provides wire and cable compounds market statistics, including wire and cable compounds industry global market size, regional shares, competitors with a wire and cable compounds market share, detailed wire and cable compounds market segments, market trends and opportunities, and any further data you may need to thrive in the wire & cable compounds industry. This wire and cable compounds market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The wire and cable compounds market consist of sales of thermoplastic polyester (PBT), crosslinked polyethylene (XLPE), and polyvinyl chloride (PVC). Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Wire & Cable Compounds Market Characteristics3. Wire & Cable Compounds Market Trends and Strategies32. Global Wire & Cable Compounds Market Competitive Benchmarking33. Global Wire & Cable Compounds Market Competitive Dashboard34. Key Mergers and Acquisitions in the Wire & Cable Compounds Market
4. Wire & Cable Compounds Market - Macro Economic Scenario
5. Global Wire & Cable Compounds Market Size and Growth
6. Wire & Cable Compounds Market Segmentation
7. Wire & Cable Compounds Market Regional and Country Analysis
8. Asia-Pacific Wire & Cable Compounds Market
9. China Wire & Cable Compounds Market
10. India Wire & Cable Compounds Market
11. Japan Wire & Cable Compounds Market
12. Australia Wire & Cable Compounds Market
13. Indonesia Wire & Cable Compounds Market
14. South Korea Wire & Cable Compounds Market
15. Western Europe Wire & Cable Compounds Market
16. UK Wire & Cable Compounds Market
17. Germany Wire & Cable Compounds Market
18. France Wire & Cable Compounds Market
19. Italy Wire & Cable Compounds Market
20. Spain Wire & Cable Compounds Market
21. Eastern Europe Wire & Cable Compounds Market
22. Russia Wire & Cable Compounds Market
23. North America Wire & Cable Compounds Market
24. USA Wire & Cable Compounds Market
25. Canada Wire & Cable Compounds Market
26. South America Wire & Cable Compounds Market
27. Brazil Wire & Cable Compounds Market
28. Middle East Wire & Cable Compounds Market
29. Africa Wire & Cable Compounds Market
30. Wire & Cable Compounds Market Competitive Landscape and Company Profiles
31. Wire & Cable Compounds Market Other Major and Innovative Companies
35. Wire & Cable Compounds Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Wire & Cable Compounds Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on wire & cable compounds market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for wire & cable compounds? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Halogenated Polymers; Non-Halogenated Polymers
2) By Function: Insulation; Sheathing
3) By End-Use Industry: Construction Wind Energy; Power; Communication; Automotive; Other End Use Industries
Key Companies Mentioned: Exxon Mobil Corporation; Mitsubishi Chemical Corporation; Sumitomo Electric Industries Ltd.; Evonik Industries AG; Prysmian Group
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- ExxonMobil Corporation
- Mitsubishi Chemical Corporation
- Sumitomo Electric Industries Ltd.
- Evonik Industries AG
- Prysmian Group
- DuPont de Nemours Inc.
- Siam Cement Public Company Limited
- Solvay S.A.
- Hanwha Solutions Corporation
- Nexans SA
- Borouge
- Avient Corporation
- Cabot Corporation
- Trelleborg AB
- Eastman Chemical Company
- Belden Inc.
- Teknor Apex Company
- SCG Chemicals Co. Ltd.
- Southwire Company LLC
- RIKEN TECHNOS CORPORATION
- Electric Cable Compounds Inc
- Chemceed LLC
- Alphagary Limited
- BUSS AG
- Melos GmbH
- Dugar Polymers Limited
- Relicab Cable Manufacturing Limited
- Techno Vinyl Polymers India Ltd.
- General Cable Technologies Corporation
- PVCL
Methodology
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