Wire And Cable Compounds Market Key Drivers, Segmentation, Size, Share Analysis And Forecast To 2032

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The Business Research Company's latest "Global Wire And Cable Compounds Opportunities And Strategies Market Report - Forecast To 2032" is the most comprehensive report available in market that will help gain a truly global perspective with data and statistics from over 60 geographies analyzed with more than 7500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth and highlights important trends and strategies that can be adopted to beat the competition in the industry

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The global wire and cable compounds market reached a value of nearly $11,465.8 million in 2022, having grown at a compound annual growth rate (CAGR) of 5.2% since 2017. The market is expected to grow from $11,465.8 million in 2022 to $18,347.2 million in 2027 at a rate of 9.9%. The market is then expected to grow at a CAGR of 9.2% from 2027 and reach $28,502.4 million in 2032.

Growth in the historic period resulted from the increasing demand for electricity, proliferation of data centers, the expanding construction industry and the rapid urbanization and infrastructure development. Factors that negatively affected growth in the historic period were environmental concerns and skilled workforce shortages.

Going forward, 5G implementation, the increasing renewable energy penetration, automotive industry evolution and the rising investment in connectivity projects will drive the growth. Factors that could hinder the growth of the wire and cable compounds market in the future include the geo-political tensions and regulatory restrictions.

Wire and cable compounds refer to substances made from mineral and synthetic raw materials that are used to formulate insulating and jacketing materials for wires and cables. Wire and cable compounds are materials used to prevent the ingress of moisture into telecommunication and power transmission cables and to fill electrical cables to limit the intrusion of water and provide extra protection.

The wire and cable compounds market consist of sales, by entities (organizations, sole traders, and partnerships), of wire and cable compounds that are used to provide insulation, protection, and mechanical support to the conductors inside wires and cables. These compounds are formulated for specific end-use applications such as high and low voltage power cables, telecommunications, and optical fiber cables.

Expanding Supply Capacity Through Investments

Companies in the wire and cable compounds market are actively seeking to enhance their production capabilities to meet the growing demand for wire and cable compounds used in various applications, such as power transmission, communication networks, automotive, and consumer electronics. For instance, in June 2022, Borealis AG, an Austria-based provider of polyolefins, bases, and chemicals, will invest €200 million ($236 million) for the enhancement and expansion of cross-linked PE (polyethylene) (XLPE) and semiconductive compounds in Europe. The investment aims to cater to future wire and cable demand. Production for XLPE will rise in Stenungsund, Sweden, and for semiconductive compounds in Antwerp, Belgium. Additional PE capacity at the Baystar joint venture in the USA will serve fiber optic and power cable needs across the Americas. Borealis is also considering XLPE production expansion in New Jersey, aiming to boost capacity by 10,000 t/y to 42,000 t/y by 2024 to meet growing demand for medium-voltage power cables.

Wire And Cable Compounds Market Segmentation:
By Type -
The wire and cable compounds market is segmented by type into
a) Halogenated Polymers
b) Non-Halogenated Polymers

By Function -
The wire and cable compounds market is segmented by function into
a) Insulation
b) Sheathing

By End-Use Industry -
The wire and cable compounds market is segmented by end-use industry into
a) Construction
b) Power
c) Communication
d) Automotive
e) Other End Use Industries

Some of the key players involved in the wire and cable compounds market are Solvay S.A., DuPont de Nemours Inc., Evonik Industries AG, Borouge Plc, Avient Corporation.

The regions covered in the global wire and cable compounds market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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A Few Points From The Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
…..
20. Key Mergers and Acquisitions
21. Opportunities And Strategies
22. Wire And Cable Compounds Market, Conclusions And Recommendations
23. Appendix

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