The Wire & Cable Compounds Global Market Report 2023 by The Business Research Company, provides wire and cable compounds market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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In accordance with The Business Research Company’s authoritative report on the global Wire & Cable Compounds market for the year 2023, the sector has witnessed a substantial expansion, escalating from a valuation of $11.32 billion in 2022 to a noteworthy $12.58 billion in 2023. This impressive surge reflects a commendable compound annual growth rate (CAGR) of 11.1%, indicative of the market’s robust trajectory.
It is imperative to recognize the contextual backdrop against which this growth transpired. The lamentable Russia-Ukraine conflict has cast a shadow over the global economic recovery following the tumultuous aftermath of the COVID-19 pandemic, particularly in the immediate term. The ramifications of this geopolitical turmoil have manifested in the form of widespread economic sanctions, soaring commodity prices, and pervasive disruptions within the global supply chain. Consequently, these multifaceted consequences have engendered inflationary pressures across a spectrum of goods and services, reverberating through diverse markets on a global scale.
Projections for the global wire & cable compounds market foretell a continuous ascent, reaching an estimated valuation of $18.65 billion in 2027, further emphasizing a sustained upward trajectory with a CAGR of 10.4%.
The growing construction sector is expected to propel the growth of the wire & 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.
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The wire and cable compounds market 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
Top 5 Major Players:
This foresight underscores the market’s resilience and adaptability in the face of geopolitical challenges, affirming its steadfast growth despite the prevailing adversities.
A salient trend shaping the contours of the wire & cable compounds market is the pervasive integration of technological advancements. Eminent industry players are leveraging innovation to introduce novel products fortified with cutting-edge technologies, strategically positioning themselves as industry frontrunners. Noteworthy among these endeavors is the initiative undertaken by HEXPOL Technologies, a Germany-based international polymer compounding group. In September 2020, the company unveiled a comprehensive suite of wire and cable compounds, distinguished by their incorporation of high-performance materials, including VMQ, additives, advanced rubber technologies, and thermoplastic elastomers. The distinctive attributes of these compounds encompass low smoke emission, reduced toxicity, and inherent flame retardancy devoid of halogens. Furthermore, these materials adhere to stringent regulatory standards, boasting RoHS, SVHC, and REACH compliance, while also aligning with international cable standards such as IEC 60811 or EN 50363. This strategic innovation underscores the industry’s commitment to not only meeting but exceeding evolving market demands through pioneering technological solutions.
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
…..
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
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Wire & Cable Compound Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Wire & Cable Compound Market, Segmentation By Function, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Wire & Cable Compound Market, Segmentation By End-Use Industry, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
….
Table 46: DuPont de Nemours Inc. Financial Performance
Table 47: Solvay S.A. Financial Performance
Table 48: Evonik Industries AG Financial Performance
Table 49: Borouge Financial Performance
Table 50: Avient Corporation Financial Performance
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