New York, According to a new market research report published by Global Insight Services “Wire & Cable Compounds Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Wire & Cable Compounds are materials used to insulate and jacket electrical wires and cables. These compounds serve many purposes, including electrical insulation, mechanical protection, and flame retardance. Common materials used for wire & cable compounds include polyvinyl chloride (PVC), polyethylene (PE), polypropylene (PP), and fluoropolymers such as polytetrafluoroethylene (PTFE).
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Key Trends
The major drivers for this market are the growing demand for power cables and the need for better insulation and fire-retardant properties.
The most common type of wire and cable compound is polyvinyl chloride (PVC). PVC compounds are used in a variety of applications such as electrical insulation, jacketing, and sheathing. PVC compounds offer good electrical and mechanical properties and are resistant to chemicals and oils. They are also cost-effective and have a wide range of processing options.
Another key trend in the wire and cable compounds market is the use of halogen-free flame retardant (HFFR) compounds. HFFR compounds are used in applications where fire safety is a concern, such as in aircraft and train wiring. These compounds do not release toxic fumes when they burn, making them safer than traditional flame retardant compounds.
Key Drivers
The key drivers of the Wire & Cable Compounds market are the rising demand for electricity, the growing automotive industry, and the increasing construction activities. The rising demand for electricity is due to rapid industrialization and urbanization. The growing automotive industry is also driving the demand for wire and cable compounds as they are used in the manufacturing of automotive wires and cables. The increasing construction activities are also driving the demand for these compounds as they are used in the manufacturing of construction wires and cables.
Market Segmentation
The wire & cable compounds market is segmented by type, end-use industry and region. By type, the market is classified into halogenated polymers, non-halogenated polymers. By application, the market is divided into construction, automotive, power, communication and others. By region, the market is segmented into North America, Europe, Asia-Pacific and rest of the world.
Key Players
The key players in the wire & cable compounds market are Avient Corporation, Borouge, DuPont De Nemours, Inc., Eastman Chemical Company, Electric Cable Compounds Inc., Evonik Industries AG, Exxon Mobil Corporation, General Cable Technologies Corporation, Hanwha Solutions Corporation, and Melos GmbH.
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Reasons to buy Wire & Cable Compounds Market Report :
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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