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Wire & Cable Compounds Market 2023 - Prominent Growth, Size, Share, Trends, Demand, Segmentation And Competitors Outlook By 2032
Wire & Cable Compounds Market
The Business Research Company's Wire & Cable Compounds Global Market Report 2023 identifies growing construction sector as the major driver for the Wire & Cable Compounds market's growth in the forecast period. 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.
The global wire & cable compounds market size grew from $11.32 billion in 2022 to $12.58 billion in 2023 at a compound annual growth rate (CAGR) of 11.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of global wire & cable compounds is expected to grow to $18.65 billion in 2027 at a CAGR of 10.4%.
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Major competitors in the Wire & Cable Compounds market are DuPont de Nemours Inc., Solvay S.A., Evonik Industries AG, Borouge, Avient Corporation, Eastman Chemical Company, Exxon Mobil Corporation.
A key trend in the Wire & Cable Compounds market includes technological advancements. Major companies are developing new products with advanced technologies to sustain their position in the wire & cable compounds market. For instance, in September 2020, HEXPOL Technologies, a Germany-based international polymer compounding group, launched a comprehensive portfolio of wire and cable compounds based on high-performance materials such as VMQ, additives, advanced rubber technologies, and thermoplastic elastomers. The unique features include low smoke, low toxicity, and flame retardancy without halogens. Materials are RoHS, SVHC, and REACH compliant, and come in grades that adhere to IEC 60811 or EN 50363 international cable standards.
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The Wire & Cable Compounds market is segmented -
• By Type: Halogenated Polymers, Non-Halogenated Polymers
• By Function: Insulation, Sheathing
• By End-Use Industry: Construction Wind Energy, Power, Communication, Automotive, Other End Use Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Wire & Cable Compounds market.
The Business Research Company's "Global Wire & Cable Compounds Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Wire & Cable Compounds Market Include:
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
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