Press release
Wire and Cable Insulation and Jacketing Market to Witness Robust Expansion by 2023
A typical cable product consists of a wire conductor (typically copper) covered by insulation, and a jacket that encases the insulated wire(s). Insulation is applied over conductors for electrical isolation between conductors or from ground. Jacket is applied over conductor insulation or cable core for mechanical, chemical, or electrical protection.
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Global Wire and Cable Insulation and Jacketing Market: Forecast by Type / Application / Region
Wires and cables play an indispensable role in today’s digitally-enriched life and find extensive usage across a number of applications in several industries. The continuously rising set of applications of wires and cables across the burgeoning power, automotive, telecommunication, and construction industries are expected to bode well for the global consumption of Wire and Cable Insulation and Jacketing in the next few years.
The market has been segmented based on criteria such as end-use industry, material and geography. PVC continues to play an important role in the Wire and Cable Insulation and Jacketing industry. In 2016, PVC contributed to approximately 68.36% of total production, Polyolefins are the next major group of polymers and have reducing PVC in certain application.
The global Wire and Cable Insulation and Jacketing market features a high degree of consolidation from large vendors based in Asia and North America. The top ten companies operating in the global Wire and Cable Insulation and Jacketing market are DowDuPont, Mexichem Specialty Compounds Limited, Hitachi-cable, BASF SE, Fujikura, SUMITOMO, ECC, Borealis, ExxonMobil Corp, Shell Chemicals. The world's largest manufacturer is DowDuPont which accounted for approximately 13.37% of the global revenue of Wire and Cable Insulation and Jacketing in 2016.
Over the next five years, LPI(LP Information) projects that Wire and Cable Insulation and Jacketing will register a 1.1% CAGR in terms of revenue, reach US$ 36300 million by 2023, from US$ 33900 million in 2017.
Global Wire and Cable Insulation and Jacketing Market: Key Players
DowDuPont
Mexichem
Hitachi-cable
BASF SE
Fujikura
SUMITOMO
ECC
Borealis
ExxonMobil Corp
Shell Chemicals
Dewei Advanced Materials
CGN-DELTA
Yadong
Zhonglian
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Related Information:
United States Wire and Cable Insulation and Jacketing Market Research Report 2018
Europe Wire and Cable Insulation and Jacketing Market Research Report 2018
North America Wire and Cable Insulation and Jacketing Market Research Report 2018
Asia-Pacific Wire and Cable Insulation and Jacketing Market Research Report 2018
China Wire and Cable Insulation and Jacketing Market Research Report 2018
EMEA Wire and Cable Insulation and Jacketing Market Research Report 2018
Global Wire and Cable Insulation and Jacketing Market Research Report 2018
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