Wire & Cable Compounds Global Market Report 2022: Expanding Construction Sector Bolsters Growth – ResearchAndMarkets.com
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The global wire & cable compound market is expected to grow from $10.21 billion in 2021 to $11.15 billion in 2022 at a compound annual growth rate (CAGR) of 9.2%. The wire & cable compound market is expected to grow to $15.77 billion in 2026 at a CAGR of 9.1%.
North America was the largest region in the wire and cable compound market in 2021. The regions covered in this wire and cable compound market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The growing construction sector is expected to propel the growth of the wire and cable compound market going forward. The construction sector refers to the sector of industry and trade that deals with creating, maintaining, and repairing infrastructures. Wire and cable compounds are used in the construction sector to provide wires with a high level of insulation and to stop moisture from getting inside power transmission or telecommunication cables.
For instance, in January 2022, according to Global Construction Perspectives and Oxford Economics, UK-based academic economists, by 2030, global construction production is expected to increase by 85% to $15.5 trillion, with China, the United States, and India taking the lead and contributing 57% of the increase. Over the next 15 years, the US construction market is going to expand more quickly than China’s. Therefore, the growing construction sector is driving the growth of the wire & cable compound market.
Technological advancements are a key trend gaining popularity in the wire and cable compound market going forward. Major companies are developing new products with advanced technologies to sustain their position in the wire and cable compound market.
For instance, in September 2020, HEXPOL Technologies, a Germany-based international polymer compounding group, launched a comprehensive portfolio of wire and cable compounds based on high-performance materials such as VMQ, additives, advanced rubber technologies, and thermoplastic elastomers. The unique features include low smoke, low toxicity, and flame retardancy without halogens. Materials are RoHS, SVHC, and REACH compliant, and come in grades that adhere to IEC 60811 or EN 50363 international cable standards.
Reasons to Purchase
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- Impact of high global inflation on market growth.
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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 Topics Covered:
1. Executive Summary
2. Wire & Cable Compound Market Characteristics
3. Wire & Cable Compound Market Trends And Strategies
4. Wire & Cable Compound Market – Macro Economic Scenario
5. Wire & Cable Compound Market Size And Growth
6. Wire & Cable Compound Market Segmentation
7. Wire & Cable Compound Market Regional And Country Analysis
8. Asia-Pacific Wire & Cable Compound Market
9. China Wire & Cable Compound Market
10. India Wire & Cable Compound Market
11. Japan Wire & Cable Compound Market
12. Australia Wire & Cable Compound Market
13. Indonesia Wire & Cable Compound Market
14. South Korea Wire & Cable Compound Market
15. Western Europe Wire & Cable Compound Market
16. UK Wire & Cable Compound Market
17. Germany Wire & Cable Compound Market
18. France Wire & Cable Compound Market
19. Eastern Europe Wire & Cable Compound Market
20. Russia Wire & Cable Compound Market
21. North America Wire & Cable Compound Market
22. USA Wire & Cable Compound Market
23. South America Wire & Cable Compound Market
24. Brazil Wire & Cable Compound Market
25. Middle East Wire & Cable Compound Market
26. Africa Wire & Cable Compound Market
27. Wire & Cable Compound Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wire & Cable Compound Market
29. Wire & Cable Compound Market Future Outlook and Potential Analysis
30. Appendix
Companies Mentioned
- DuPont de Nemours Inc.
- Solvay S.A.
- Evonik Industries AG
- Borouge
- Avient Corporation
- Eastman Chemical Company
- Exxon Mobil Corporation
- Hanwha Solutions Corporation
- Siam Cement Public Company Limited
- Trelleborg AB
- Mitsubishi Chemical Corporation
- Teknor Apex Company
- Techno Vinyl Polymers India Ltd.
- Dugar Polymers Limited
- Electric Cable Compounds Inc.
For more information about this report visit https://www.researchandmarkets.com/r/rhn3ib
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