image

Report Scope & Overview:

Wire & Cable Compounds Market Size was valued at USD 14.30 billion in 2022, and expected to reach USD 28.92 billion by 2030, and grow at a CAGR of 9.2 % over the forecast period 2023-2030.  A wire is a single, mostly cylindrical rod or strand of metal. The wires can handle mechanical loads and can carry electricity and signals for telecommunications. A cable is a thick rope made of hemp or wires that is used to build things, pull cars, and keep ships in place. Compounds are things that are made to stop water from getting into telecommunications and power cables. Wire compounds and cable compounds are good insulators that are long-lasting, flexible, and have a high level of mechanical stability. They are also resistant to chemicals and corrosion. These compounds are used a lot in the building, power, and communication industries because they protect materials that conduct electricity.

Wire & Cable Compounds Market Revenue Graph

Market Dynamics:

Drivers:

  • The construction industry is growing the most in all areas.

  • Government and private spending on developing renewable energy sources has gone up.

  • More people want cars that are lighter and use less gas.

  • Demand for high-tech wires and cables is going up in the offshore, marine, aerospace, and oil and gas industries.

Restraints:

  • Government rules that limit how halogenated polymers can be used

  • Demand went down because of the global pandemic.

Opportunity:

  • Electric cars are becoming more popular.

  • Rising Demand from Emerging Markets

Challenge:

  • Getting better at wireless communication

  • Keeping supply chains from stopping because of COVID-19

Impact of Covid-19:

Wire and cable compounds are used by almost every business. Some of the main things driving the market are more demand from the power generation, automotive, and construction industries. Before the COVID-19 pandemic, the construction and power generation industries were doing very well because the population was growing and people were spending more money. This made people all over the world want more wire and cable compounds. But when COVID-19 happened, it changed the economy in a big way. The effects of COVID-19 on the different end markets became clear when factories closed, construction projects were delayed or cancelled, and car sales dropped, among other things. The closing of international borders also caused problems with the supply chain. Most of the raw materials used to make wire and cable compounds come from countries like China, which exports them. This has a big effect on the market. Because of this, there was a shortage of goods on the market.

Key Players:

Hanwha Solutions Corporation (South Korea), DuPont de Nemours Inc. (US), Evonik Industries AG (Germany), Siam Cement Public Company Limited (Thailand), Borouge (UAE) Avient Corporation (US), Eastman Chemical Company (US), Solvay S.A. (Belgium), Mitsubishi Chemical Corporation (Japan), Trelleborg AB (Sweden), Exxon Mobil Corporation (US)

Market Segment:

By Type:

  • Halogenated Polymers

  • Non- Halogenated Polymers

By end-use industry:

  • Construction Wind Energy

  • Power

  • Communication

  • Automotive

  • Others

Wire & Cable Compounds Market Segment Chart

Regional Analysis:

In 2021, North America had the largest share of the market. The market in the region depends a lot on industrial growth in the domestic market. The growth of the area is due to improvements in technology and infrastructure in the telecommunications sector. Increased state funding to develop green and clean energy through the use of renewable power plants and windmill-powered plants is expected to drive the wire and cable compounds industry in the power industry.

In 2021, the global market for wire and cable compounds is expected to grow at a high CAGR in Asia Pacific. During the time frame of the forecast, energy use in industry, transportation, households, and newly electrified rural areas in the countries of the Asia-Pacific region is expected to go up quickly, along with the demand for energy.

China's economy is growing quickly because of its growing population, growing industries, and more foreign investment. The Indian government is working hard to close the gap between demand and supply. Over the next few years, these things are expected to drive the Asia-Pacific wire and cable compounds industry.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Wire & Cable Compounds Market Report Scope:
Report Attributes Details
Market Size in 2022 US$ 14.30 Billion
Market Size by 2030 US$ 28.92 Billion
CAGR CAGR of 9.2% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Type (Halogenated Polymers, Non- Halogenated Polymers)
• By end-use industry (Construction Wind Energy, Power, Communication, Automotive, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Hanwha Solutions Corporation (South Korea), DuPont de Nemours Inc. (US), Evonik Industries AG (Germany), Siam Cement Public Company Limited (Thailand), Borouge (UAE) Avient Corporation (US), Eastman Chemical Company (US), Solvay S.A. (Belgium), Mitsubishi Chemical Corporation (Japan), Trelleborg AB (Sweden), Exxon Mobil Corporation (US)
DRIVERS • The construction industry is growing the most in all areas.
• Government and private spending on developing renewable energy sources has gone up.
• More people want cars that are lighter and use less gas.
Restraints • Government rules that limit how halogenated polymers can be used
• Demand went down because of the global pandemic.

Frequently Asked Questions

Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.

Ans: Hanwha Solutions Corporation (South Korea), DuPont de Nemours Inc. (US), Evonik Industries AG (Germany), Siam Cement Public Company Limited (Thailand), Borouge (UAE) Avient Corporation (US), Eastman Chemical Company (US), Solvay S.A. (Belgium), Mitsubishi Chemical Corporation (Japan), Trelleborg AB (Sweden) and Exxon Mobil Corporation (US).

Ans: Electric cars are becoming more popular and Rising Demand from Emerging Markets are the opportunity for Wire & Cable Compounds Market.

Ans: The construction industry is growing the most in all areas, Government and private spending on developing renewable energy sources has gone up and More people want cars that are lighter and use less gas are the drivers for antimicrobial plastics market.

Ans: Wire & Cable Compounds Market Size was valued at USD 13.10 billion in 2021, and expected to reach USD 24.26 billion by 2028, and grow at a CAGR of 9.2 % over the forecast period 2022-2028.  

Table of Content:

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Wire & Cable Compounds Market Segment, By Type:

8.1 Halogenated Polymers

8.2 Non- Halogenated Polymers

 

 

9.Wire & Cable Compounds Market Segment, By end-use industry:

9.1 Construction Wind Energy

9.2 Power

9.3 Communication

9.4 Automotive

9.5 Others

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 USA

10.2.2 Canada

10.2.3 Mexico

10.3 Europe

10.3.1 Germany

10.3.2 UK

10.3.3 France

10.3.4 Italy

10.3.5 Spain

10.3.6 The Netherlands

10.3.7 Rest of Europe

10.4 Asia-Pacific

10.4.1 Japan

10.4.2 South Korea

10.4.3 China

10.4.4 India

10.4.5 Australia

10.4.6 Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1 Israel

10.5.2 UAE

10.5.3 South Africa

10.5.4 Rest

10.6 Latin America

10.6.1 Brazil

10.6.2 Argentina

10.6.3 Rest of Latin America

 

11. Company Profile

11.1 Hanwha Solutions Corporation (South Korea)

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 DuPont de Nemours Inc. (US)

11.3 Evonik Industries AG (Germany)

11.4 Siam Cement Public Company Limited (Thailand)

11.5 Borouge (UAE) Avient Corporation (US)

11.6 Eastman Chemical Company (US)

11.7 Solvay S.A. (Belgium)

11.8 Mitsubishi Chemical Corporation (Japan)

11.9 Trelleborg AB (Sweden)

11.10 Exxon Mobil Corporation (US)

 

12.Competitive Landscape

12.1 Competitive Benchmark

12.2 Market Share analysis

12.3 Recent Developments

 

13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.

 

The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.

Share Page
Start a Conversation

Hi! Click one of our member below to chat on Phone