Posted on Leave a comment

Wire & Cable Compounds Market Projected to Reach $19.2 Billion in 2026, at a CAGR of 9.0%| MarketsandMarkets™

Wire & Cable Compounds Market Projected to Reach $19.2 Billion in 2026, at a CAGR of 9.0%| MarketsandMarkets™
Browse 181 market data Tables and 43 Figures spread through 194 Pages and in-depth TOC on “Wire & Cable Compounds Market”

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

Wire & cables have been increasingly used in the offshore, marine, aerospace and oil & gas industries. The presence of major manufacturers in the wire & cable compounds market is leading to various new product launches every year. Manufacturers are investing significantly in R&D to develop new products, processes, and materials that can provide a competitive edge over other manufacturers. These new product developments are attributed to the increasing offshore, marine, aerospace, and oil & gas industries which require customized wires & cables. These applications demand compounds that are suitable for underwater operations in the marine sector and underground operations in the oil & gas industry. In the aerospace industry, wires & cables are utilized for critical operations and are required to perform under stringent environmental conditions which need increasingly customized compounding solutions. This increasing demand for advanced and customized compounding solutions from the offshore, marine, aerospace, and oil & gas sectors is fueling the growth of the wire & cable compounds market globally.

Inquiry Before Buying: 

The global wire & cable compounds market size is expected to grow from USD 12.5 billion in 2021 to USD 19.2 billion by 2026, projecting a CAGR of 9.0% during the forecast period between 2021 and 2026.

Companies operating in the global wire & cable compounds market have strengthened their position in the global compos global wire & cable compounds market by adopting expansions, partnerships, agreements, new product/technology launches, joint ventures, contracts, and mergers & acquisitions from 2016-2021. However, the novel coronavirus pandemic has created ripples across the global construction, aerospace & defense, automotive & transportation, wind energy, and many other sectors, affecting the global supply chains. These factors have affected the demand for global wire & cable compounds. The demand is expected to recover bounce and picking up momentum by 2021.

The major global wire & cable compounds manufacturers are 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 have adopted various organic and inorganic growth strategies.

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 companys extensive product range, materials, and services fulfil the dynamic market demands of varied industries in approximately 90 countries.

Speak with Our Expert for More Details:  

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 worlds 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.

Read Our Trending Press Release Below:

Ceramic Armor Market – Global Forecast to 2027

Electric Vehicle Fluids Market  – Global Forecast to 2030 

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States