The use of wires and cables in almost every industry, from construction to healthcare and from manufacturing to power generation makes them an indispensable part of today’s world. Thus, it is no surprise that the demand for wires and cables is huge across the world. The key components of wires and cables is the conducting material that is used as the core to transmit electrical or light signals and insulation material which makes the outer covering. Aluminum and copper are the major metal conductors used in cables. These conductors require insulation provided by polymers such as polyethylene, cross-linked polyethylene, PVC (polyvinylchloride), Kapton, Teflon and rubber-like polymers among others. The other major type of cables used are the optical fiber cables which use glass fibers or strands as conductors and require no insulation.
Wires and cables are used in power transmission, telecommunication and building wiring applications extensively and these accounts for the large share of their demand. Thus, the market for wires and cables is largely dependent on the developments in electric communication, power generation and transmission and construction industry as well as industrial development and modernizing of infrastructure. Currently, all the application sectors of wire and cables are exhibiting steady growth, with different geographies showing highest growth in different applications, which gives the wire and cable materials market a positive sustained growth prospect in the forecast period. The modernization of existing wire and cable network from metal conductor wires to optical fibers for efficient use in telecommunication applications is giving a boost to wires and cables industry in developed countries. The switch towards electric vehicles will also help drive the market further. In developing countries, the growth in construction and power transmission activities and increase in power transmission grid capacities has led to major part of the overall demand for wires and cables.
However, all product types are not forecast to grow at the same rate. Since more and more industries are switching to the use of optical fibers in data transmission applications where high speed is required, the demand for copper metal conductors has reduced. In insulation materials market, the regulatory issues related to the use of PVC, which is most widely used insulating material in wires and cables, has meant a high degree of substitution by materials like polyolefins, XLPE and PPE, which have higher forecasted growth rates.
The slow transition to wireless devices is a potential restraint to the wires and cables market in the long term, but over the forecast period, the market is forecast to grow to its potential. Among the materials, the copper conductors have the largest market share as compared to their aluminum and fiber optic counterparts. But the growth rate for fiber optic cables will far supersede the growth in copper conductors. Although PVC has regulatory issues relating to the manufacture and disposal of PVC products, it will still dominate the market, but will showcase slightly lower growth rates.
Asia-Pacific accounts for more than half of the global demand for wires and cables mainly due to the large scale outsourcing of manufacturing operations to save on labor costs. North America and Europe follow in second and third place in the demand generated for wires and cables. The demand for wires and cables in Asia-Pacific is also expected to exhibit a slightly faster growth rate than North America with Europe in third place. Some of the key players involved in the wire and cable materials market include Finolex Cables, Leoni AG, Judd Wire Inc., Torrent Cables, Hitachi cables, General Cable Corporation, Taishan Electric Wire and Cable andFurukawa Electric industries Ltd. among many others.
Market by Type
· Optical fiber
· Copper cables
Market by End User
· Power transmission
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
Introduction: Gravure printing ink comprises of solid resins, pigments, volatile solvents, additives, and fillers. It contains no vegetable oil, and its drying strategies are generally volatile. Gravure printing includes etching and uses a turning printing press. Solvents are utilized to break down or scatter all the strong parts of the ink, wet the outside of the substrate, direct
Introduction According to Acumen Research and Consulting, the global Polymethyl Methacrylate market is expected to grow at noteworthy CAGR around 8 % throughout the forecast period and reach around US$ 8.4 billion by 2026. Polymethyl methacrylate (PMMA) is a synthetic resin that is made of methyl methacrylate polymerisation. It
Introduction According to Acumen Research and Consulting, the global Plating on Plastics market is expected to grow at noteworthy CAGR around 7.1 % throughout the forecast period and reach around US$ 1 billion by 2026. Plastic placing indicates the use of the electroplating technology to apply metal coating to plastic. In order
Introduction According to Acumen Research and Consulting, the global Phosphorus Trichloride market is expected to grow at noteworthy CAGR around 5 % throughout the forecast period and reach around US$ 2.2 billion by 2026. Phosphorus trichloride is a fluid that smokes colorlessly or slightly yellow. Similar to hydro chlorine acid
Introduction According to Acumen Research and Consulting, the global Nitrocellulose market is expected to grow at noteworthy CAGR around 6 % throughout the forecast period and reach around US$ 1.2 billion by 2026. Nitrocellulose is a compound that is highly inflammable produced by cellulose, nitric acid, or other strong nitrate
Introduction According to Acumen Research and Consulting, the global Medical Plastics market is expected to grow at noteworthy CAGR around 7 % throughout the forecast period and reach around US$ 15 billion by 2026. The healthcare industry is used for medical plastic as a kind of polymers. During the manufacturing process, these