The rise and noteworthy expanse of the renewables sector can clearly be seen working to the advantage of global wire and cable materials market.
Use of Cables in Transmission of Renewable Energy to Present Lucrative Opportunities to the Wire and Cable Materials Market
Since the past few years, government authorities have been focusing on reducing the use of fossil fuels for power generation. They are taking efforts to promote adoption of clean renewable sources of energy to reduce impact on environment. Several nations have come in unison to reduce environmental impact and achieve zero emission targets by using clean energy sources. This factor has resulted in an increase in the establishment of solar farms and wind turbines, which in turn have triggered the use of wire and cables. Consecutively, this has translated into an increase in renewable energy capacity on the global front. For instance, according to IRENA (International Renewable Energy Agency), in 2020, the renewable energy capacity touched 2,802,004 MW from 2,542,035 MW in 2019 reflecting an increase of around 10% year-on-year. That said, use of cables in energy distribution is expected to augur well for the wire and cable materials market in the coming years.
In addition, rise in offshore renewable projects such as offshore wind farms are expected to fuel adoption of wire and cables, in turn paving potential pathways of growth for the wire and cable materials market. This can be attributed towards use of cables for power transmission, which is driving demand for advanced wire and cable materials. Likewise, use of wires in distribution of energy generated via solar panels is poised to augment growth. Solar PVs set on water surface, referred to as floating PVs, are connecting using subsea power wires using an anchoring system. In this background, increasing use of cables in renewable energy infrastructure has triggered need for advanced and efficient materials to manufacture cables. This aspect remains instrumental in driving value growth of the wire and cable materials market.
Material Science Advancements to Bode Well for Wire and Cable Materials Market
Pervasiveness of technology in the material science space has provided a huge scope for development of material used in the manufacturing of wire and cables. Wire and cable materials market has been witnessing an evolving curve since the past few years owing to increase in R&D activities, and advancement in material science. This has resulted in introduction of new and improved wire and cable materials that can be customised with regards to their use in different industrial applications. This has fuelled their use in various sectors such as telecommunication, construction, aerospace, information technology, oil and gas, nanotechnology, and industrial machinery. As a result, the demand for wires and cables made from materials such as polyvinyl chloride, polyethylene, and thermoplastic polyurethane is bound to increase at a significant rate in the following years.
Insulation Material Sought-after in Wire and Cable Materials Market
The demand for insulation material in manufacturing of cables is expected to increase at a momentous rate, in turn accounting for a significant share in the wire and cable materials market. Different types of insulation are available. The use of plastic in cables can act as insulating and jacketing material. It also protects the core of the cable from mechanical damage, chemicals, and moisture through the cable’s service life. Moreover, it also acts as an effective barrier protecting humans from accidental electrocution. In addition, it regulates the flow of electrons and avoids chances of electrical shocks when touched. These advantages have propelled use of insulation material such as polyvinyl chloride, polyethylene, polypropylene, cross-linked polyethylene and polyphenylene ether, thus expanding the use of wire and cables in different critical industrial applications.
Asia Pacific’s Wire and Cable Materials Market to Reflects Strongly Growing Attractiveness
The wire and cable materials market is expected to witness high growth opportunities from emerging economies in Asia Pacific. This is mainly owing to increasing demand for energy backed by growth in industrialisation, and urbanisation. In addition, the region has been optimistic for several sectors such as residential and commercial construction, oil and gas, telecommunication, and consumer electronics. This has pushed the development of cables for select applications using improved materials, which is likely to give an impetus to the growth of the wire and cable materials market in Asia Pacific. Moreover, the leading fast-developing economies such as India, and China are investing in improving energy transmission and distribution network owing to rising demand for electricity. For instance, according to the Energy Information Administration (US EIA), a 4.6% year-on-year increase in electricity demand has been witnessed in India and by 2050, around 90% of the electricity will be generated from wind, coal, and solar power. That said, companies involved in manufacturing and distribution of wire and cable materials can expect a stream of opportunities from Asia Pacific in the coming years.
Wire and Cable Materials Market: Competitive Landscape
A few of the major players in wire and cable materials market include Celanese Corporation, 3M, BASF SE, ITC Thermo Cable GmbH, Draka Holding N.V., and Sumitomo Electric Industries Ltd.
Regional Classification of the Global Wire and Cable Materials Market is Described Below:
North America
- U.S.
- Canada
Europe
- Germany
- France
- Spain
- U.K.
- Italy
- Russia
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East and Africa
- GCC
- South Africa
- Rest of Middle East and Africa
*Regions and countries are subject to change based on data availability
Key Elements Included In The Study: Global Wire and Cable Materials Market
- Wire and Cable Materials Market by Product/Technology/Grade, Application/End-user, and Region
- Executive Summary (Opportunity Analysis and Key Trends)
- Historical Market Size and Estimates, Value and Volume, 2018 - 2022
- Volume Consumption at Regional and Country Level, 2023 - 2030
- Market Dynamics and Economic Overview
- Market Size in Value and Volume, Growth Rates, and Forecast Figures, 2023 - 2030
- Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies
- Regional and Product/Grade/Application/End-user Price Trends Analysis
- Value Chain and Five Force’s Analysis
- Regional/Sub-region/Country Market Size and Trend Analysis
- Company Market Share Analysis and Key Player Profiles
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1. Executive Summary
1.1. Global Wire and Cable Materials Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.1.1. Driver A
2.2.1.2. Driver B
2.2.1.3. Driver C
2.2.2. Restraints
2.2.2.1. Restraint 1
2.2.2.2. Restraint 2
2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Pre-covid and Post-covid Scenario
2.5.2. Supply Impact
2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Economic Analysis
2.9. PESTLE
3. Production Output and Trade Statistics, 2018 - 2022
3.1. Regional Production Statistics
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. Middle East & Africa
3.2. Trade Statistics
4. Price Trends Analysis and Future Projects, 2018 - 2030
4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Material
4.4. By Region
5. Global Wire and Cable Materials Market Outlook, 2018 - 2030
5.1. Global Wire and Cable Materials Market Outlook, by Material, Volume (Tons) and Value (US$ Mn), 2018 - 2030
5.1.1. Key Highlights
5.1.1.1. Insulation
5.1.1.1.1. Polyvinyl Chloride (PVC)
5.1.1.1.2. Polyethylene (PE)
5.1.1.1.3. Cross Linked Polyethylene (XLPE)
5.1.1.1.4. Polypropylene (PP)
5.1.1.1.5. Thermoplastic Elastomers (TPE)
5.1.1.1.6. Polyamides
5.1.1.1.7. Fluoropolymers
5.1.1.1.8. Misc. (Polyphenylene Ether (PPE), etc.)
5.1.1.2. Conductor
5.1.1.2.1. Aluminum
5.1.1.2.2. Copper
5.1.1.2.3. Misc. (Silver, Gold, etc.)
5.2. Global Wire and Cable Materials Market Outlook, by Cable Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
5.2.1. Key Highlights
5.2.1.1. Coaxial Cable/Electronic Wire
5.2.1.2. Fiber Optic Cable
5.2.1.3. Low Voltage Energy
5.2.1.4. Signal & Control Cable
5.2.1.5. Telecom & Data Cable
5.3. Global Wire and Cable Materials Market Outlook, by Region, Volume (Tons) and Value (US$ Mn), 2018 - 2030
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa
5.3.2. BPS Analysis/Market Attractiveness Analysis
6. North America Wire and Cable Materials Market Outlook, 2018 - 2030
6.1. North America Wire and Cable Materials Market Outlook, by Material, Volume (Tons) and Value (US$ Mn), 2018 - 2030
6.1.1. Key Highlights
6.1.1.1. Insulation
6.1.1.1.1. Polyvinyl Chloride (PVC)
6.1.1.1.2. Polyethylene (PE)
6.1.1.1.3. Cross Linked Polyethylene (XLPE)
6.1.1.1.4. Polypropylene (PP)
6.1.1.1.5. Thermoplastic Elastomers (TPE)
6.1.1.1.6. Polyamides
6.1.1.1.7. Fluoropolymers
6.1.1.1.8. Misc. (Polyphenylene Ether (PPE), etc.)
6.1.1.2. Conductor
6.1.1.2.1. Aluminum
6.1.1.2.2. Copper
6.1.1.2.3. Misc. (Silver, Gold, etc.)
6.2. North America Wire and Cable Materials Market Outlook, by Cable Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
6.2.1. Key Highlights
6.2.1.1. Coaxial Cable/Electronic Wire
6.2.1.2. Fiber Optic Cable
6.2.1.3. Low Voltage Energy
6.2.1.4. Signal & Control Cable
6.2.1.5. Telecom & Data Cable
6.3. North America Wire and Cable Materials Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
6.3.1. Key Highlights
6.3.1.1. U.S.
6.3.1.2. Canada
6.3.2. BPS Analysis/Market Attractiveness Analysis
7. Europe Wire and Cable Materials Market Outlook, 2018 - 2030
7.1. Europe Wire and Cable Materials Market Outlook, by Material, Volume (Tons) and Value (US$ Mn), 2018 - 2030
7.1.1. Key Highlights
7.1.1.1. Insulation
7.1.1.1.1. Polyvinyl Chloride (PVC)
7.1.1.1.2. Polyethylene (PE)
7.1.1.1.3. Cross Linked Polyethylene (XLPE)
7.1.1.1.4. Polypropylene (PP)
7.1.1.1.5. Thermoplastic Elastomers (TPE)
7.1.1.1.6. Polyamides
7.1.1.1.7. Fluoropolymers
7.1.1.1.8. Misc. (Polyphenylene Ether (PPE), etc.)
7.1.1.2. Conductor
7.1.1.2.1. Aluminum
7.1.1.2.2. Copper
7.1.1.2.3. Misc. (Silver, Gold, etc.)
7.2. Europe Wire and Cable Materials Market Outlook, by Cable Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
7.2.1. Key Highlights
7.2.1.1. Coaxial Cable/Electronic Wire
7.2.1.2. Fiber Optic Cable
7.2.1.3. Low Voltage Energy
7.2.1.4. Signal & Control Cable
7.2.1.5. Telecom & Data Cable
7.3. Europe Wire and Cable Materials Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
7.3.1. Key Highlights
7.3.1.1. Germany
7.3.1.2. France
7.3.1.3. U.K.
7.3.1.4. Italy
7.3.1.5. Spain
7.3.1.6. Russia
7.3.1.7. Rest of Europe
7.3.2. BPS Analysis/Market Attractiveness Analysis
8. Asia Pacific Wire and Cable Materials Market Outlook, 2018 - 2030
8.1. Asia Pacific Wire and Cable Materials Market Outlook, by Material, Volume (Tons) and Value (US$ Mn), 2018 - 2030
8.1.1. Key Highlights
8.1.1.1. Insulation
8.1.1.1.1. Polyvinyl Chloride (PVC)
8.1.1.1.2. Polyethylene (PE)
8.1.1.1.3. Cross Linked Polyethylene (XLPE)
8.1.1.1.4. Polypropylene (PP)
8.1.1.1.5. Thermoplastic Elastomers (TPE)
8.1.1.1.6. Polyamides
8.1.1.1.7. Fluoropolymers
8.1.1.1.8. Misc. (Polyphenylene Ether (PPE), etc.)
8.1.1.2. Conductor
8.1.1.2.1. Aluminum
8.1.1.2.2. Copper
8.1.1.2.3. Misc. (Silver, Gold, etc.)
8.2. Asia Pacific Wire and Cable Materials Market Outlook, by Cable Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
8.2.1. Key Highlights
8.2.1.1. Coaxial Cable/Electronic Wire
8.2.1.2. Fiber Optic Cable
8.2.1.3. Low Voltage Energy
8.2.1.4. Signal & Control Cable
8.2.1.5. Telecom & Data Cable
8.3. Asia Pacific Wire and Cable Materials Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
8.3.1. Key Highlights
8.3.1.1. China
8.3.1.2. Japan
8.3.1.3. South Korea
8.3.1.4. India
8.3.1.5. Southeast Asia
8.3.1.6. Rest of Asia Pacific
8.3.2. BPS Analysis/Market Attractiveness Analysis
9. Latin America Wire and Cable Materials Market Outlook, 2018 - 2030
9.1. Latin America Wire and Cable Materials Market Outlook, by Material, Volume (Tons) and Value (US$ Mn), 2018 - 2030
9.1.1. Key Highlights
9.1.1.1. Insulation
9.1.1.1.1. Polyvinyl Chloride (PVC)
9.1.1.1.2. Polyethylene (PE)
9.1.1.1.3. Cross Linked Polyethylene (XLPE)
9.1.1.1.4. Polypropylene (PP)
9.1.1.1.5. Thermoplastic Elastomers (TPE)
9.1.1.1.6. Polyamides
9.1.1.1.7. Fluoropolymers
9.1.1.1.8. Misc. (Polyphenylene Ether (PPE), etc.)
9.1.1.2. Conductor
9.1.1.2.1. Aluminum
9.1.1.2.2. Copper
9.1.1.2.3. Misc. (Silver, Gold, etc.)
9.2. Latin America Wire and Cable Materials Market Outlook, by Cable Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
9.2.1. Key Highlights
9.2.1.1. Coaxial Cable/Electronic Wire
9.2.1.2. Fiber Optic Cable
9.2.1.3. Low Voltage Energy
9.2.1.4. Signal & Control Cable
9.2.1.5. Telecom & Data Cable
9.3. Latin America Wire and Cable Materials Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
9.3.1. Key Highlights
9.3.1.1. Brazil
9.3.1.2. Mexico
9.3.1.3. Rest of Latin America
9.3.2. BPS Analysis/Market Attractiveness Analysis
10. Middle East & Africa Wire and Cable Materials Market Outlook, 2018 - 2030
10.1. Middle East & Africa Wire and Cable Materials Market Outlook, by Material, Volume (Tons) and Value (US$ Mn), 2018 - 2030
10.1.1. Key Highlights
10.1.1.1. Insulation
10.1.1.1.1. Polyvinyl Chloride (PVC)
10.1.1.1.2. Polyethylene (PE)
10.1.1.1.3. Cross Linked Polyethylene (XLPE)
10.1.1.1.4. Polypropylene (PP)
10.1.1.1.5. Thermoplastic Elastomers (TPE)
10.1.1.1.6. Polyamides
10.1.1.1.7. Fluoropolymers
10.1.1.1.8. Misc. (Polyphenylene Ether (PPE), etc.)
10.1.1.2. Conductor
10.1.1.2.1. Aluminum
10.1.1.2.2. Copper
10.1.1.2.3. Misc. (Silver, Gold, etc.)
10.2. Middle East & Africa Wire and Cable Materials Market Outlook, by Cable Type, Volume (Tons) and Value (US$ Mn), 2018 - 2030
10.2.1. Key Highlights
10.2.1.1. Coaxial Cable/Electronic Wire
10.2.1.2. Fiber Optic Cable
10.2.1.3. Low Voltage Energy
10.2.1.4. Signal & Control Cable
10.2.1.5. Telecom & Data Cable
10.3. Middle East & Africa Wire and Cable Materials Market Outlook, by Country, Volume (Tons) and Value (US$ Mn), 2018 - 2030
10.3.1. Key Highlights
10.3.1.1. GCC
10.3.1.2. South Africa
10.3.1.3. Rest of Middle East & Africa
10.3.2. BPS Analysis/Market Attractiveness Analysis
11. Competitive Landscape
11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Company Profiles
11.3.1. SABIC
11.3.1.1. Company Overview
11.3.1.2. Product Portfolio
11.3.1.3. Financial Overview
11.3.1.4. Business Strategies and Development
(*Note: Above details would be available for below list of companies based on availability)
11.3.2. INEOS
11.3.3. SCG
11.3.4. BASF SE
11.3.5. Avient Corporation
11.3.6. Arkema S.A.
11.3.7. Solvay S.A.
11.3.8. Borealis AG
11.3.9. 3M
11.3.10. LyondellBasell Industries N.V.
11.3.11. Repsol S.A.
11.3.12. The Dow Chemical Company
11.3.13. International Wire
11.3.14. Elcowire
11.3.15. CHAL Aluminium Corporation
12. Appendix
12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations
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