Global Wire & Cable Compounds Market Projected to Grow at 9.8% CAGR, Reaching $21.51 Billion by 2029

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Wire & Cable Compounds Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of wire & cable compounds has witnessed a robust growth in the last few years. The market's value is projected to rise from $13.57 billion in 2024 to $14.81 billion in 2025, marking a compound annual growth rate (CAGR) of 9.2%. The surge during the historical period is due to factors such as infrastructure development, the growth of telecommunication networks, the expansion of the automotive industry, the execution of renewable energy projects, and the escalation in urbanization and construction tasks.

Wire & Cable Compounds Market Size Forecast: What's the Projected Valuation by 2029?
The compound market for wires and cables is slated to witness substantial growth in the coming years, expected to increase to $21.51 billion by 2029, with a compound annual growth rate (CAGR) of 9.8%. This anticipated surge during the forecast period can be accredited to factors such as deployment of 5G technology, growth of the electric vehicle (EV) market, incorporation of renewable energy, the launch of smart city initiatives, and improvement of power grids. Key trends to look out for during this period involve the creation of low-smoke zero-halogen (LSZH) compounds, demands for superior performance compounds in data communication, emphasis on lightweight and eco-friendly materials, the inclusion of nanotechnology for improved properties, and tailor-made formulations for specialized applications.

View the full report here:
https://www.thebusinessresearchcompany.com/report/wire-and-cable-compounds-global-market-report

What Are the Drivers Transforming the Wire & Cable Compounds Market?
The momentum in the construction industry is set to catalyze the expansion of the wire and cable compounds market. Characterized by the development, maintenance, and restoration of infrastructures, the construction domain utilizes these compounds to give wires superior insulation and prevent moisture infiltration into power transmission as well as telecommunication cables. For example, Global Construction Perspectives along with Oxford Economics, eminent academic economists in the UK, predicted in January 2022 that by 2030, global construction output should surge by 85% to $15.5 trillion. Spearheading this escalation will be China, U.S., and India, contributing 57% of the upsurge. It was also forecasted that the American construction market will outpace China's within the next decade-and-a-half. Consequently, the burgeoning construction sector is serving as the main impetus for the growing wire and cable compounds market.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7664&type=smp

What Long-Term Trends Will Define the Future of the Wire & Cable Compounds Market?
The prevalence of technological progressions is an emerging trend in the wire and cable compounds market. Leading corporations are innovating new products employing cutting-edge technologies to maintain their market place in the wire and cable compounds segment. As an illustration, in February 2022, Lubrizol Corporation, an American chemical firm introduced a fresh, non-halogenated, flame-resistant grade polymer compound designed for wire and cable uses. This novel compound is produced without employing halogens and enhances crucial performance characteristics, such as drying period, drying temperature, mechanical properties, and fire resistance.

Which Segments in the Wire & Cable Compounds Market Offer the Most Profit Potential?
The wire & cable compounds market covered in this report is segmented -

1) By Type: Halogenated Polymers, Non-Halogenated Polymers
2) By Function: Insulation, Sheathing
3) By End-Use Industry: Construction Wind Energy, Power, Communication, Automotive, Other End Use Industries

Subsegments:
1) By Halogenated Polymers: Polyvinyl Chloride (PVC), Chlorinated Polyethylene (CPE), Ethylene Vinyl Acetate (EVA)
2) By Non-Halogenated Polymers: Polypropylene (PP), Polyethylene (PE), Thermoplastic Elastomers (TPE), Cross-Linked Polyethylene (XLPE)

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=7664&type=smp

Which Firms Dominate the Wire & Cable Compounds Market by Market Share and Revenue in 2025?
Major companies operating in the wire & cable compounds market include Exxon Mobil Corporation, Mitsubishi Chemical Corporation, Sumitomo Electric Industries Ltd., Evonik Industries AG, Prysmian Group, DuPont de Nemours Inc., Siam Cement Public Company Limited, Solvay S.A., Hanwha Solutions Corporation, Nexans SA, Borouge, Avient Corporation, Cabot Corporation, Trelleborg AB, Eastman Chemical Company, Belden Inc., Teknor Apex Company, SCG Chemicals Co Ltd., Southwire Company LLC, RIKEN TECHNOS CORPORATION, Electric Cable Compounds Inc, Chemceed LLC, Alphagary Limited, BUSS AG, Melos GmbH, Dugar Polymers Limited, Relicab Cable Manufacturing Limited, Techno Vinyl Polymers India Ltd., General Cable Technologies Corporation, PVCL

Which Regions Offer the Highest Growth Potential in the Wire & Cable Compounds Market?
North America was the largest region in the wire & cable compounds market in 2024. The regions covered in the wire & cable compounds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7664

This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 7882 955267,
Asia: +91 88972 63534,
Americas: +1 310-496-7795 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.