𝐖𝐢𝐫𝐞 & 𝐂𝐚𝐛𝐥𝐞 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧
The global wire & cable plastics market was valued at ~US$ 10.8 Bn in 2018 and is anticipated to expand at a CAGR of ~4% from 2019 to 2027. In 2018, China and the U.S., the world’s two major power sectors, accounted for 70% of the global electricity demand. Increase in the demand for electricity is expected to drive the global wire & cable plastics market during the forecast period.
𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=65801
𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐖𝐢𝐫𝐞 & 𝐂𝐚𝐛𝐥𝐞 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭
Plastic-insulated wires and cables play a pivotal role in residential, commercial, and industrial establishments, as they are used for delivering power, data, and voice communication safely to electric devices. Hence, increase in investments in the building & construction industry led by rise in the purchasing power parity along with improvement in the living standards is anticipated to propel the global wire & cable plastics market during the forecast period.
𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=65801
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐂𝐫𝐨𝐬𝐬-𝐥𝐢𝐧𝐤𝐞𝐝 𝐏𝐨𝐥𝐲𝐞𝐭𝐡𝐲𝐥𝐞𝐧𝐞 𝐭𝐨 𝐎𝐟𝐟𝐞𝐫 𝐀𝐭𝐭𝐫𝐚𝐜𝐭𝐢𝐯𝐞 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬
Rise in urbanization, increase in population, and improvements in economic conditions across different regions are projected to drive the demand for houses worldwide in the near future. This is expected to boost the demand for wood-based panels. This, in turn, is anticipated to augment the demand for wire and cable plastics, as resins based on wire and cable plastics are employed to produce wood-based panels. Increasing demand for wire and cable plastics in automotive, chemical, and personal care & cosmetics sectors led by their excellent adhesive and binding properties is projected to drive the global wire & cable plastics market during the forecast period
𝐕𝐢𝐞𝐰 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/wire-cable-plastics-market.html
𝐒𝐮𝐫𝐠𝐞 𝐢𝐧 𝐂𝐨𝐧𝐜𝐞𝐫𝐧𝐬 𝐚𝐛𝐨𝐮𝐭 𝐏𝐥𝐚𝐬𝐭𝐢𝐜 𝐃𝐢𝐬𝐩𝐨𝐬𝐚𝐥 𝐭𝐨 𝐇𝐚𝐦𝐩𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭
Over the last decade, demand for plastic has increased significantly across the globe, owing to its growing usage in sectors such as electrical & electronics (E&E) for insulating wires and cables. Plastic is made of several types of polymers such as polyethylene, polypropylenes, polyesters, PVC, and polyamides (including nylon). Most of these polymers are not biodegradable and hence, they remain as waste in the environment for a long time. This can pose a risk to human health and environment. This factor is likely to hamper the global wire & cable plastics market during the forecast period.
𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=65801
𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐬 𝐖𝐢𝐫𝐞 & 𝐂𝐚𝐛𝐥𝐞 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭
In terms of volume, Asia Pacific held a leading share of the global wire & cable plastics market in 2018. Demand for energy in Asia Pacific is projected to increase at a rapid pace during the forecast period, with simultaneous increase in energy usage in sectors such as industry and transportation and in newly electrified rural areas in countries of the region. This is likely to boost the market in the region in the near future. The wire & cable industry in Europe is expected witness significant growth in the near future, owing to initiatives such as ‘Digital Agendas for Europe-2025’. Thus, growing use of wires and cables in the IT & telecommunication sector in the region is anticipated to drive the wire & cable plastics market in Europe in the near future.
𝐇𝐢𝐠𝐡 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐖𝐢𝐫𝐞 & 𝐂𝐚𝐛𝐥𝐞 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐢𝐧 𝐏𝐨𝐰𝐞𝐫 & 𝐄𝐧𝐞𝐫𝐠𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚
In terms of end-use industry, the power & energy segment constituted a key share of the wire & cable plastics market in North America in 2018. The power sector in North America is mature. The building & construction segment of the market in the region is expected to expand rapidly during the forecast period. Rapid increase in construction activities in North America, especially in the residential sector, led by low borrowing costs is estimated to boost the demand for housing units in the region. This factor drives the building & construction segment of the wire & cable plastics market in North America.
𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭
Prominent players operating in the global wire & cable plastics market are SABIC, Formosa Plastics, Solvay Group, BASF SE, and Arkema Group. These five companies hold a major share of the global market. In 2019, Siechem Wires and Cables, SE, a leading manufacturer and exporter of marine and shipboard cables in India, announced to have developed underwater cables by using plastic additives produced by BASF. In 2019, Arkema announced its plans to increase its production capacity for high-performance polymer PVDF (polyvinylidene difluoride) at its Changshu plant in China.
𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡
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