Wire Compound And Cable Compound Market Report

Wire Compound and Cable Compound Market Insights

Wire Compound and Cable Compound Market is likely to witness an impressive CAGR of 7.7% during the forecast period. Major factors contributing towards the growth of the market are increasing demand from automobile and power industries, growing infrastructural advancement, and increasing construction activities around the globe.

Market Share Analysis

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Wire Compound and Cable Compound Market Share: By End-Use Industry Type

Based on the end-use industry type, the market is segmented as construction, power, automotive, and communication. The construction segment held the largest share of the market in 2019, and is expected to remain dominant during the forecast period owing to the growing housing & building sector coupled with augmented government expenditure in infrastructure. Each end-use industry has been further sub-segmented in terms of application in order to provide an in-depth analysis.

Wire Compound and Cable Compound Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing wire compound and cable compound market during the forecast period. Increasing government and private sector investments in infrastructure development are likely to boost the construction market in countries such as India and China, creating lucrative growth opportunities in the wire compound and cable compound market. The growth of the market is also fueled by rapid urbanization in the Asia-Pacific region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Some of the major players in the wire compound and cable compound market are-

• Borouge
• DuPont de Nemours, Inc.
• Eastman Chemical Company
• Evonik Industries AG
• Exxon Mobil Corporation
• Hanwha Solutions
• PolyOne Corporation
• SCG Chemicals Co., Ltd.
• Solvay S.A.
• Trelleborg AB.

Market Scope & Segmentation

Wire compounds and cable compounds provide high-quality insulation and jacketing to conducting materials, forming a crucial part of the wire & cable industry. These compounds offer excellent properties such as durability, chemical and corrosion resistance, mechanical stability, flexibility, and abrasion resistance. They are used in several end-use industries such as automotive, construction, power, and communication. With rapid infrastructural growth, mainly in developing economies, the construction industry is likely to drive the wire compounds and cable compounds market.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The wire compound and cable compound market is segmented into the following categories. 

Wire Compound and Cable Compound Market Size, Share, & Forecast, by Material Type:

• Halogenated
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Material Type Analysis: Polyvinyl Chloride and Chlorinated Polyethylene)
• Non-Halogenated
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Material Type Analysis: Cross-Linked Polyethylene, Thermoplastic Elastomers, Thermoplastic Olefins, Thermoplastic Polyurethane, and Thermoplastic Vulcanates)

Wire Compound and Cable Compound Market Size, Share, & Forecast, by End-Use Industry Type:

• Construction
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: Commercial, Residential, and Industrial)
• Power
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: Nuclear Power Plants and Windmill Powered Plants)
• Automotive
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: Cables for Batteries and Electric or Hybrid Vehicles)
• Communication
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (End-Use Industry Type Analysis: Medium/High Voltage Insulation Cables, Low Voltage Power Cable Insulation, and Dielectric Insulation)

Wire Compound and Cable Compound Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the end-use industries by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.