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Wire & Cable Polymer Market Trends

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

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Wire & Cable Polymer Market Trends

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. Polymers with superior insulation properties, flame retardancy, and resistance to environmental factors are essential in fulfilling these connectivity needs.

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