Wire & Cable Compounds Market worth $19.2 billion by 2026 | Key players DuPont de Nemours, Inc. (US), Solvay S.A. (Belgium), Evonik Industries AG (Germany), Borouge (UAE), Avient Corporation (US).

According to recent market research the "Wire & Cable Compounds Market by Type (Halogenated Polymers (PVC, CPE), Non-halogenated Polymers (XLPE, TPES, TPV, TPU), End-use Industry (Construction, Automotive, Power, Communication and others) and Region - Global Forecast to 2026", size is expected to grow from USD 12.5 billion in 2021 to USD 19.2 billion by 2026, at a CAGR of 9.0% during the forecast period. The wire & cable compounds industry is growing due to the increase in the demand in construction, automotive, power, communication, and other industries.

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Halogenated polymers include polyvinyl chloride (PVC) and chlorinated polyethylene (CPE) which are widely used in various industries such as wire & cable, footwear, plastics, and packaging. PVC is used in a wider range of applications than CPE. PVC compounds accounted for the largest market share among all types of halogenated and non-halogenated polymers. PVC is the world's third-highest produced synthetic plastic polymer, followed by polyethylene and polypropylene, and is projected to account for the largest share of the market. CPE is a form of polyethylene which has a chlorine content of approximately 30.0% to 40.0%. CPE acts as a modifier of PVC depending upon the application.

The construction industry plays a crucial role in the economic growth of a country. During the last decade, the construction sector created a high number of job opportunities, which further strengthened economic development in countries as well as regions. The construction industry is further categorized into commercial, industrial, and residential. The construction industry accounts for the largest share of the market and this growth are attributed to increasing industrialization, economic development, and urbanization.

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North America accounted for the largest share, in terms of value, of the global wire & cable compounds market in 2020. The demand for wire & cable compounds from all regions is attributed to increasing industrialization, growing commercial and residential building sectors, and automotive industry.

The key players in the market include DuPont de Nemours, Inc. (US), Solvay S.A. (Belgium), Evonik Industries AG (Germany), Borouge (UAE), Avient Corporation (US), Eastman Chemical Company (US), Exxon Mobil Corporation (US), Hanwha Solutions Corporation (South Korea), Siam Cement Public Company Limited (Thailand), Trelleborg AB (Sweden), Mitsubishi Chemical Corporation (Japan), and RIKEN TECHNOS CORPORATION (Japan). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the wire & cable compounds market. These players have taken different organic and inorganic developmental strategies over the past five years.

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DuPont de Nemours, Inc. is a science and technology company supplying products and services to various industries including agriculture, automotive, building & construction, electronics, energy, food & beverages, safety & protection, and others. It operates through six business segments: agriculture, performance materials, safety & protection, nutrition & health, electronics & communications, and industrial biosciences. The company offers wire & cable compounds through its transportation & industrial segment under different brand names. The company's extensive product range, materials, and services fulfil the dynamic market demands of varied industries in approximately 90 countries.

Solvay S.A. is one of the leading companies involved in the plastic and chemical businesses worldwide. The company develops, manufactures, and markets its products to various industries including agriculture, feed & food, automotive & aerospace, building & construction, customer goods & healthcare, electrical & electronic, and industrial applications. The acquisition of Cytec Industries boosted its growth by making it one of the world's largest producers of carbon fiber prepreg. It offers wire & cable compounds under its materials segment for application industries such as power, communication, automotive, and construction.

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