Market Overview:
The global wire covering compound market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for wire covering compounds in construction, automotive, and communication applications. In terms of type, the halogenated polymer segment is expected to lead the global wire covering compound market during the forecast period. This can be attributed to its properties such as flame retardancy and chemical resistance which make it suitable for use in various end-use industries. In terms of application, construction is expected to be the largest segment during the forecast period owing to an increase in infrastructure development activities across regions.
Product Definition:
Wire covering compound is a type of insulation used to protect electrical wiring. It is a type of thermoplastic that can be easily molded into different shapes and sizes. This makes it ideal for use in protecting wires from damage and preventing the spread of fire or sparks.
Halogenated Polymer:
Halogenated polymers are synthetic organic compounds that contain at least one halogen group (F, Cl, Br or I) and usually more than three hydrogen groups. They are used as flame retardants in various end-use industries such as electrical & electronics, automotive and building & construction. Halogens enhance the thermal stability of polymer by increasing its heat resistance thus enabling it to withstand high temperatures without decomposing or melting.
Non-Halogenated Polymer:
Non-halogenated polymer is a compound of high molecular weight, which contains no halogens and little or no saturated hydrocarbon chains. They are produced by the polymerization of ethylene oxide. The most common types include polyethylene, polypropylene and polyvinyl chloride among others such as nylon 6,6, etc.
Application Insights:
The construction application segment led the global wire covering compound market in 2017 and is projected to expand at a revenue-based CAGR of XX% over the forecast period. The growth can be attributed to rising demand for steel structures in residential, commercial and industrial buildings, coupled with an increase in spending on infrastructure development across various countries worldwide.
The power generation industry requires large quantities of electricity that are generated from fossil fuels such as coal and petroleum products like natural gas and gasoline. Wire coverings provide thermal insulation to electrical wires while protecting against abrasion & corrosion caused by weather elements such as snow, sleet rain or hail along with aesthetic appeal when installed within electric fences or cables within lamp posts & streetlights installations among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to increasing construction activities in emerging economies such as China and India. In addition, rising demand for wire covering compounds from other industries such as power, communication and automotive is anticipated to propel market growth over the next eight years.
The Asia Pacific was followed by Europe which accounted for a revenue share of more than 20% in 2017 owing to high product consumption in Western European countries including Germany, France and Italy among others.
Growth Factors:
- Increasing demand from the automotive and construction industries for wire covering compounds as a protective measure against corrosion and abrasion.
- Growing popularity of coated wires in electrical wiring harnesses due to their superior insulation properties.
- Rising demand for lightweight, durable, and heat-resistant wire covering compounds in aerospace applications.
- Technological advancements that have led to the development of new and improved wire covering compounds with better performance characteristics.
- Stringent government regulations mandating the use of corrosion-resistant materials in critical infrastructure projects such as bridges, tunnels, and power plants
Scope Of The Report
Report Attributes
Report Details
Report Title
Wire Covering Compound Market Research Report
By Type
Halogenated Polymer, Non-Halogenated Polymer
By Application
Construction, Power, Communication, Automotive, Others
By Companies
Dupont, Solvay S.A., Evonik Industries AG, Borouge, Polyone Corporation, Eastman Chemical Company, Exxon Mobil Corporation, Hanwha Chemical Corporation, SCG Chemicals Co., Ltd., Trelleborg AB, Aum Udyog, Electric Cable Compounds Inc., General Cable Technologies Corporation, Melos GmbH, Mexichem Specialty Compounds Inc., Newgen Specialty Plastics Ltd., NUC Corporation, Otech Corporation, Plasgom, S&E Specialty Polymers, Shakun Polymers Limited, Sonneborn, Techno Vinyl Polymers India Ltd., Teknor Apex Company, Web Industries, Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Wire Covering Compound Market Report Segments:
The global Wire Covering Compound market is segmented on the basis of:
Types
Halogenated Polymer, Non-Halogenated Polymer
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Power, Communication, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dupont
- Solvay S.A.
- Evonik Industries AG
- Borouge
- Polyone Corporation
- Eastman Chemical Company
- Exxon Mobil Corporation
- Hanwha Chemical Corporation
- SCG Chemicals Co., Ltd.
- Trelleborg AB
- Aum Udyog
- Electric Cable Compounds Inc.
- General Cable Technologies Corporation
- Melos GmbH
- Mexichem Specialty Compounds Inc.
- Newgen Specialty Plastics Ltd.
- NUC Corporation
- Otech Corporation
- Plasgom
- S&E Specialty Polymers
- Shakun Polymers Limited
- Sonneborn
- Techno Vinyl Polymers India Ltd.
- Teknor Apex Company
- Web Industries, Inc.
Highlights of The Wire Covering Compound Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Halogenated Polymer
- Non-Halogenated Polymer
- By Application:
- Construction
- Power
- Communication
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wire Covering Compound Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wire covering compound is a type of sealant that is used to cover wires and cables. It is made up of a number of different substances, including silicone, polyurethane, and epoxy. Wire covering compound can be used to protect wires from moisture, dust, and other debris.
Some of the major players in the wire covering compound market are Dupont, Solvay S.A., Evonik Industries AG, Borouge, Polyone Corporation, Eastman Chemical Company, Exxon Mobil Corporation, Hanwha Chemical Corporation, SCG Chemicals Co., Ltd., Trelleborg AB, Aum Udyog, Electric Cable Compounds Inc., General Cable Technologies Corporation, Melos GmbH, Mexichem Specialty Compounds Inc., Newgen Specialty Plastics Ltd., NUC Corporation, Otech Corporation, Plasgom, S&E Specialty Polymers, Shakun Polymers Limited, Sonneborn, Techno Vinyl Polymers India Ltd., Teknor Apex Company, Web Industries, Inc..
The wire covering compound market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wire Covering Compound Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wire Covering Compound Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wire Covering Compound Market - Supply Chain
4.5. Global Wire Covering Compound Market Forecast
4.5.1. Wire Covering Compound Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wire Covering Compound Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wire Covering Compound Market Absolute $ Opportunity
5. Global Wire Covering Compound Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wire Covering Compound Market Size and Volume Forecast by Type
5.3.1. Halogenated Polymer
5.3.2. Non-Halogenated Polymer
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wire Covering Compound Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wire Covering Compound Market Size and Volume Forecast by Application
6.3.1. Construction
6.3.2. Power
6.3.3. Communication
6.3.4. Automotive
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wire Covering Compound Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wire Covering Compound Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wire Covering Compound Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wire Covering Compound Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wire Covering Compound Demand Share Forecast, 2019-2026
9. North America Wire Covering Compound Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wire Covering Compound Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wire Covering Compound Market Size and Volume Forecast by Application
9.4.1. Construction
9.4.2. Power
9.4.3. Communication
9.4.4. Automotive
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wire Covering Compound Market Size and Volume Forecast by Type
9.7.1. Halogenated Polymer
9.7.2. Non-Halogenated Polymer
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wire Covering Compound Demand Share Forecast, 2019-2026
10. Latin America Wire Covering Compound Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wire Covering Compound Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wire Covering Compound Market Size and Volume Forecast by Application
10.4.1. Construction
10.4.2. Power
10.4.3. Communication
10.4.4. Automotive
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wire Covering Compound Market Size and Volume Forecast by Type
10.7.1. Halogenated Polymer
10.7.2. Non-Halogenated Polymer
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wire Covering Compound Demand Share Forecast, 2019-2026
11. Europe Wire Covering Compound Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wire Covering Compound Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wire Covering Compound Market Size and Volume Forecast by Application
11.4.1. Construction
11.4.2. Power
11.4.3. Communication
11.4.4. Automotive
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wire Covering Compound Market Size and Volume Forecast by Type
11.7.1. Halogenated Polymer
11.7.2. Non-Halogenated Polymer
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attraciveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wire Covering Compound Demand Share, 2019-2026
12. Asia Pacific Wire Covering Compound Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wire Covering Compound Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wire Covering Compound Market Size and Volume Forecast by Application
12.4.1. Construction
12.4.2. Power
12.4.3. Communication
12.4.4. Automotive
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wire Covering Compound Market Size and Volume Forecast by Type
12.7.1. Halogenated Polymer
12.7.2. Non-Halogenated Polymer
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wire Covering Compound Demand Share, 2019-2026
13. Middle East & Africa Wire Covering Compound Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wire Covering Compound Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wire Covering Compound Market Size and Volume Forecast by Application
13.4.1. Construction
13.4.2. Power
13.4.3. Communication
13.4.4. Automotive
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wire Covering Compound Market Size and Volume Forecast by Type
13.7.1. Halogenated Polymer
13.7.2. Non-Halogenated Polymer
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wire Covering Compound Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wire Covering Compound Market: Market Share Analysis
14.2. Wire Covering Compound Distributors and Customers
14.3. Wire Covering Compound Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dupont
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Solvay S.A.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Evonik Industries AG
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Borouge
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Polyone Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Eastman Chemical Company
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Exxon Mobil Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hanwha Chemical Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SCG Chemicals Co., Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Trelleborg AB
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Aum Udyog
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Electric Cable Compounds Inc.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. General Cable Technologies Corporation
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Melos GmbH
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Mexichem Specialty Compounds Inc.
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Newgen Specialty Plastics Ltd.
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. NUC Corporation
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Otech Corporation
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Plasgom
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. S&E Specialty Polymers
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook