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The global wire and cable compounds market size attained a value of USD 15.40 billion in 2023. The market is further expected to grow at a CAGR of 9.20% between 2024 and 2032, to reach a value of USD 33.56 billion by 2032.
Wire and cable compounds refer to the insulating materials used to protect wires and cables and act as a filler for telecommunication, power transmission, and electrical and traction cables. These compounds offer high mechanical strength, excellent resistance to electricity, thermal resistance to low temperatures, and low toxicity.
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Based on polymer type, the market is segmented into polyvinyl chloride (PVC), thermoplastic elastomer (TPE), thermoplastic polyurethane (TPU), and thermoplastic olefin (TPO), among others. On the basis of product, the market is classified into fiber optic cable, and coaxial cable, among others. By end user, the market is segmented into automotive, construction, electrical and electronics, healthcare, power, and telecommunication, among others. The regional markets for wire and cable compounds are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global wire and cable compounds market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
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The polyvinyl chloride (PVC) segment, based on polymer type, accounts for a healthy share of the wire and cable compounds market. PVC is a highly preferred thermoplastic material which exhibits high durability, great versatility, strong insulation properties, and excellent resistance to abrasion, flame, and moisture. Apart from these, PVC also possesses unique characteristics such as resistance to UV, acids, oils, and alkalis, among others. In addition, easy processibility and recyclability of this material makes it ideal for sustainable wiring and cabling solutions, leading to a heightened growth of this segment.
Based on product, fiber optic cables occupy a significant share of the wire and cable compounds market. Fiber optic cables offer greater bandwidth, deliver faster speeds, can be applied for longer distances, are extremely durable and reliable, are thin and flexible, and the total ownership cost is low. Hence, these advantages offered by fiber optic cables makes them ideal for various power-related projects. They allow less interference which adds to their security, propelling the demand for fiber optic cables.
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Cabot Corporation is a leading specialty chemicals and performance materials company which serves crucial sectors such as transportation, infrastructure, environment, and consumer, among others. It was founded in 1882 and is currently headquartered in Massachusetts, United States.
Buss AG is a global compounding systems manufacturing company which has a core expertise in the field of application specific compounding solutions and a product portfolio which includes calendaring sheet, cable compound, masterbatch, performance compound, and engineered plastic. It was founded in 1901 and is headquartered in Basel-landschaft, Switzerland.
Other market players include DuPont de Nemours, IncSolvay S.A., Trelleborg AB, SCG Chemicals Public Company Limited, Exxon Mobil Corporation, Mitsubishi Chemical Corporation, Electric Cable Compounds, INC., and Melos GmbH, among others.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Polymer Type |
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| Breakup by Product |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market reached a value of USD 15.40 billion in 2023.
The market is estimated to grow at a CAGR of 9.20% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 33.56 billion by 2032.
Rising construction activities, increasing demand for wiring and cabling in automobiles, sophistication of electrical and electronics, and rapid urbanisation are the major drivers of the market.
The key trends in the market include the technological advancements in various end use sectors, increasing demand for durable and thin wires and cables, and globally increasing demand for energy.
Polyvinyl chloride (PVC), thermoplastic elastomer (TPE), thermoplastic polyurethane (TPU), and thermoplastic olefin (TPO), among others, are the different polymer types of wire and cable compounds in the market.
Fiber optic cable, and coaxial cable, among others, are the primary products of wire and cable compounds in the market.
Cabot Corporation, Buss AG, DuPont de Nemours, Inc, Solvay S.A., Trelleborg AB, SCG Chemicals Public Company Limited, Exxon Mobil Corporation, Mitsubishi Chemical Corporation, Electric Cable Compounds, INC., and Melos GmbH, among others, are the key players in the wire and cable compounds market, according to the report.
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