Trelleborg AB (Sweden) and Borouge (UAE) are the Most Active Market Players in the Wire Compound and Cable Compound Market

Wire Compound and Cable Compound Market is expected to grow from USD 11.36 Billion in 2017 and is projected to grow at a CAGR of 7.7% during the forecast period between 2017 and 2021. Wire compound and cable compound are an integral part of the wire & cable industry, as these compounds provide high-quality insulation and jacketing to conducting materials. These compounds exhibit high durability, excellent chemical and corrosion resistance, and high mechanical stability, flexibility, and abrasion resistance properties. Wire compound and cable compound are consumed across end-use industries, such as construction, automobile, power, and communication. These compounds are used in coatings, adhesives, composites, and other applications. The basic purpose of insulation is to protect the conductor from the external environment.

Download FREE PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237123323

Increasing infrastructural development across the globe is expected to drive the wire compound and cable compound market. Some of the key players operating in the market include E. I. du Pont de Nemours and Company (U.S.), Solvay S.A. (Belgium), Evonik Industries AG (Germany), SCG Chemical Co., Ltd. (Thailand), Borouge (UAE), and Exxon Mobil Corporation (U.S.).

New product launches, expansions, and agreements & contracts were the key strategies adopted by the industry players to achieve growth in the wire compound and cable compound market between 2012 and 2015. Companies also adopted joint ventures and acquisitions to expand their market share and distribution network.

Most active market players in the wire compound and cable compound market

Trelleborg AB (Sweden) develops and manufactures cable compounds. It manufactures and supplies its wire compound and cable compound through its Trelleborg Offshore & Construction business segment. The company adopted strategies including new product launches to increase its global market share. Trelleborg AB launched various products through extensive & development to increase its product portfolio and provide improved services to its end users. The company maintains a strong brand image in the wire compound and cable compound market, as it provides high-quality products. In 2017, the company added a new cable compound named NjordGuard to its product portfolio. This development strengthened its product portfolio for insulation and jacketing application.

Borouge (UAE) is a leading petrochemical company that provides wire compound and cable compound under brand name Borstar, Borlink, and Casico. Through strategic developments such as new product launches and expansions, the company is strengthening its position in wire compound and cable compound market in the emerging countries. For instance, in 2015, the company established its innovation center for plastic products developments in Abu Dhabi.

General Cable Technologies Corporation (U.S.), PolyOne Corporation (U.S.), Mexichem Specialty Compounds Inc. (Mexico), Electric Cable Compounds Inc. (U.S.), Eastman Chemical Company (U.S.), and Hanwha Chemical Corporation (South Korea) are some of the other active players in the wire compound and cable compound market.

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

This release was published on openPR.