Wire & Cable Plastics Market: Increase in Demand for Cross-linked Polyethylene to Offer Attractive Opportunities

1. Wire & Cable Plastics Market: Increase in Demand for Cross-linked Polyethylene to Offer Attractive Opportunities ire & 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 for70% 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. 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. 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 Request PDF Brochure@ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id =65801

2. 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. 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.

3. Global Wire & Cable Plastics Market : Segmentation Wire & Cable Plastics Market, by Material Polyethylene (PE) oLinear Low-density Polyethylene (LLDPE) oLow-density Polyethylene (LDPE) oHigh-density Polyethylene (HDPE) oCross-linked Polyethylene (XLPE) Silane Peroxide Irradiation oOthers (Ultra-high-molecular-weight polyethylene [UHMWPE] and Medium- density polyethylene [MDPE]) Polyvinyl Chloride (PVC) Polypropylene (PP) Others (including Polyolefin, Polyvinylidene Fluoride (PVDF), Nylon, Chlorinated Polyethylene [CPE]) Wire & Cable Plastics Market, by Voltage Low Voltage Medium Voltage High Voltage Extra-high Voltage Wire & Cable Plastics Market, by Type Flame Retardant Standard Wire & Cable Plastics Market, by End-use Industry IT & Telecommunication Building & Construction Aerospace & Defense Automotive Oil & Gas Power & Energy Wire & Cable Plastics Market, by Region North America oU.S. oCanada

4. Europe oGermany oFrance oU.K. oItaly oSpain oRussia & CIS oRest of Europe Asia Pacific oChina oJapan oIndia oSouth Korea oASEAN oRest of Asia Pacific Latin America oBrazil oMexico oRest of Latin America Middle East & Africa oGCC Countries oSouth Africa oRest of Middle East & Africa About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts so that it always reflects latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Transparency Market Research, 90 Sate Street, Suite 700, Albany, NY 12207 Tel: +1-518-618-1030

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