How much is the wire & cable compounds market worth, and how is it expected to expand?
The wire & cable compounds market size has grown strongly in recent years. It will grow from $13.57 billion in 2024 to $14.81 billion in 2025 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to infrastructure development, expanding telecommunication networks, automotive industry growth, renewable energy projects, 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 $21.51 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to 5G technology deployment, electric vehicle (EV) market expansion, renewable energy integration, smart cities initiatives, upgradation of power grids. Major trends in the forecast period include development of low-smoke zero-halogen (LSZH) compounds, demand for high-performance compounds in data communication, focus on lightweight and environmentally friendly materials, integration of nanotechnology for enhanced properties, customized formulations for specific applications.
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How have varous drivers impacted the growth of the wire & cable compounds market?
The growing construction sector is expected to propel the growth of the wire and cable compounds 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 and cable compounds market.
What are the primary segments of the wire & cable compounds market?
The wire & cable compounds market covered in this report is segmented –
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
Subsegments:
1) By Halogenated Polymers: Polyvinyl Chloride (PVC), Chlorinated Polyethylene (CPE), Ethylene Vinyl Acetate (EVA)
2) By Non-Halogenated Polymers: Polypropylene (PP), Polyethylene (PE), Thermoplastic Elastomers (TPE), Cross-Linked Polyethylene (XLPE)
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Which firms are leading the wire & cable compounds market?
Major companies operating in the wire & cable compounds market include 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
How will industry trends affect the trajectory of the wire & cable compounds market?
Technological advancements are a key trend gaining popularity in the wire and cable compounds market going forward. Major companies are developing new products with advanced technologies to sustain their position in the wire and cable compounds market. For instance, in February 2022, Lubrizol Corporation, a US-based chemicals company launched a new non-halogenated, flame-retardant grade polymer compound for wire and cable applications. The new compound is made without the use of halogens and has improved key performance attributes like drying time, drying temperature, mechanicals, and flame retardant properties.
Which geographic trends are shaping the wire & cable compounds market, and which region has the highest market share?
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.
What Does The Wire & Cable Compounds Market Report 2025 Offer?
The wire & cable compounds market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Wire and cable compounds refer to substances that are used to formulate insulating and jacketing materials for wires and cables to protect telecommunication and power transmission wires from moisture intrusion and are also used to create wires and cables with exceptional durability, corrosion and chemical resistance, mechanical stability, flexibility, and abrasion resistance.
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