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Wire & Cable Polymer Market Size

Report ID: GMI6874
Published Date: Oct 2023
Report Format: PDF

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Wire & Cable Polymer Market Size

Wire & Cable Polymer Market size was valued at over USD 7.5 Billion in 2022 and is anticipated to grow at a CAGR of over 5.5% between 2023 and 2032. The increasing demand for electricity coupled with the expansion of power transmission & distribution networks has led to the heightened requirement for high-quality and reliable wire & cable solutions. The thriving automotive industry, advancements in telecommunications infrastructure, and the surging demand for consumer electronics have also contributed to the increased demand for wire & cable polymers.

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The rising need for high-speed data transmission, driven by the proliferation of digital devices and the increasing demand for connectivity, is fueling the market for high-performance cable systems. This trend is particularly evident in telecommunications, data centers, and the expanding Internet of Things (IoT) ecosystem.

Wire & Cable Polymer Market Report Attributes
Report Attribute	Details
Base Year:	2022
Wire & Cable Polymer Market Size in 2022:	USD 7.5 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.5%
2032 Value Projection:	USD 13 Billion
Historical Data for:	2018 to 2032
No. of Pages:	150
Tables, Charts & Figures:	207
Segments covered:	Resin, Voltage, Application
Growth Drivers:	Flourishing telecom & internet industry Adoption of smart grid networks Growing infrastructure investments
Pitfalls & Challenges:	High import dependency

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The prominent trend in the global wire & cable polymer market is the shift toward high-performance polymers. These polymers offer enhanced properties such as heat resistance, flame retardancy, low smoke generation, and excellent electrical insulation. These characteristics are essential for meeting the stringent safety standards and improving the overall performance of wires & cables, particularly in demanding environments.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for wire and cable polymer was valued at over USD 7.5 billion in 2022 and is projected to reach USD 13 billion by 2032 driven by the increasing demand for electricity coupled with the expansion of power transmission & distribution networks.

Low-voltage wire and cable polymer industry size is anticipated to witness traction through 2032 owing to increasing application in residential, commercial, and light industrial applications, such as building wiring, appliances, and small machinery.

U.S. wire and cable polymer industry generated more than USD 1,245 million in revenue in 2022 and is anticipated to expand at notable CAGR from 2023-2032 attributed to rising technological advancements and the strong presence of industry players.

Some of the top wire and cable companies are Dow Inc., BASF SE, Solvay SA, Evonik Industries AG, Arkema SA, Eastman Chemical Company, Mitsui Chemicals, Inc., DuPont de Nemours, Inc. Saudi Basic Industries Corporation (SABIC), and ExxonMobil Corporation