The “Wire And Cable Jacket Material Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The Wire And Cable Jacket Material Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The global wire and cable jacket market size was US$ 4.6 billion in 2021. The global wire and cable jacket market size is forecast to reach US$ 7.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.27% during the forecast period from 2022 to 2030.
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A cable is an arrangement of connected wires, whereas a wire is a single electrical conductor. The exterior of the cabling, known as the cable jacket, shields the wires from the environment, abrasion, and other workplace dangers. However, not all jackets are made equal, and each one has characteristics that make it suited for a certain setting or set of responsibilities. Cable jacketing can be made of several materials, including thermoplastic and thermosetting polymers.
Factors Influencing Market Growth
The growing demand for wire & cable materials owing to improvements in material science and the advent of new types of wires in accord with applications across various industrial domains drive the global market.
The rise in technological improvements and the electrification of aircraft systems boost the global market growth.
The increased cost of wire and cable jacket material may slow down the overall market growth.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several governments worldwide imposed a lockdown in order to curb the virus from spreading. Due to various economic and legal restrictions around the world, this made inter-country activity and the import and export of wire and cable jacket materials difficult. Additionally, the import and export ban hampered the production of wire and cable jacket material and interrupted the supply chain. The COVID-19 pandemic also caused disruptions in the automobile, power generation, and aerospace industries, which led to a decrease in the use of wire and cable jacket materials in these sectors. The market for wire and cable jacket materials thus experienced a mild impact in 2021.
The demand for wire and cable jacket materials, however, increased in the aerospace, power generation, and automotive industries at the beginning of 2021 as a result of the commencement of all industries.
Regional Analysis
The Asia Pacific region held dominant in the market in 2021 and is forecast to have lucrative growth during the forecast period. As a result of the rising demand for communication, power, and light in various Asia-Pacific countries because these materials contribute to power generation. In addition, the growing aerospace and defense sector in Asia-Pacific countries is likely to drive the demand for wire & cable jacket materials since these play an important role in various aerospace & defense applications.
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Leading Competitors
The leading prominent companies profiled in the global wire and cable jacket materials market are:
ARKEMA S.A.
Calmont Wire & Cable Inc.
E. I. DU PONT DE NEMOURS AND COMPANY
Evonik Industries AG
Fluorocarbon Group
Galaxy Wire & Cable, Inc.
Habia Cable
IGUS
OFS Fitel, LLC
3M Company
Other Prominent Players
Scope of the Report
The global wire and cable jacket materials market segmentation focuses on Temperature Rating, Material Type, End-User, and Region.
Segmentation based on Temperature Rating
200C to 250C
250C to 300C
300C Above
Segmentation based on Material Type
Polyetheretherketone
Polyimide
Polytetrafluoroethylene
Perfluoroalkoxy
Others
Segmentation based on End-User
Aerospace and Defense
Subsea
Artificial Lift System
Power Generation
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key questions answered in the global market report are:
— How does a global company acquire markets?
— What are its core strategies and policies?
— What factors will influence the market over the forecast period?
— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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