Market Overview:
The global oil resistant cable 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 oil resistant cables from various end-use industries, such as metallurgy and chemical industry. In terms of type, the light rubber sheathed flexible cable segment is projected to lead the global oil resistant cable market during the forecast period. This can be attributed to its properties such as high flexibility and low weight, which make it suitable for use in applications where space is limited. In terms of application, the metallurgy segment is projected to lead the global oil resistant cable market during the forecast period.
Product Definition:
Oil resistant cable is a type of electrical cable that is specifically designed to be used in areas where there is a high risk of exposure to oil. The importance of oil resistant cable lies in its ability to protect against damage from oils and other liquids, which can cause insulation failure and create a fire hazard.
Light Rubber Sheathed Flexible Cable:
Light rubber sheathed flexible cable, also known as LRS FR cables or LSFR cables are used in offshore oil resistant applications. They are made from high temperature, flame retardant material and have a low smoke emission.
The market for Light Rubber Sheathed Flexible Cable is expected to grow at a significant rate owing to its increasing usage in the offshore oil & gas industry coupled with growing adoption of LSFR over other types of flexible cables such as PVC.
Heavy Rubber Sheathed Flexible Cable:
Heavy rubber sheathed flexible cable is a type of electrical cable made up of multiple layers of insulation and protective covering on both ends. The outer layer or cover is usually made from an extruded compound that includes fibers, flakes, or granules. The overall appearance and texture of the covering varies according to the requirement. It can be either smooth or rough in nature as per application requirements.
Application Insights:
The metallurgy application segment led the global oil resistant cable market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for steel from various industries across the globe, including automotive, construction and infrastructure. In addition, growing emphasis on enhancing production efficiency by reducing energy consumption is expected to drive product demand in this application segment over the next eight years.
Chemical industry accounted for 20% of total revenue share in 2017 owing to rising use of chemicals such as polymers and resins that require high electrical insulation properties along with durability and flexibility which cables provide during manufacturing process. Furthermore, chemical resistant rubber insulated cables are used during petrochemical plant construction activities due to their ability withstand high pressure without being damaged or exhibiting any signs of wear & tear even after continuous exposure to toxic gases present inside a petrochemical plant such as H2S, CO2 etc.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a surge in industrialization, mainly due to government initiatives encouraging FDI. China is one of the largest markets for oil resistant cables owing to rapid infrastructure development along with increasing demand from other industries such as power, construction, transportation and communication.
The Middle East & Africa was another prominent regional market that accounted for over 10% of the overall revenue share in 2017 on account of rising investments from major oil companies including Saudi Arabia Oil Company (SARCO), National Oil Corporation (NOC) and British Petroleum (BP). These companies are engaged in extensive projects across various sectors such as water management, energy generation & distribution among others which will have a positive impact on industry growth over next few years.
Growth Factors:
- Increasing demand for oil resistant cables from the transportation sector as a result of the growth in automotive and other transportation industries.
- Rising investment in infrastructure development, which is expected to drive the demand for oil resistant cables over the forecast period.
- Growing awareness about safety and security among consumers, which is anticipated to boost the market growth during the forecast period.
- Proliferation of new technologies such as smart grids and electric vehicles that are expected to create opportunities for oil resistant cable manufacturers over the next few years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Oil Resistant Cable Market Research Report
By Type
Light Rubber Sheathed Flexible Cable, Heavy Rubber Sheathed Flexible Cable
By Application
Metallurgy, Chemical Industry
By Companies
SAB Bröckskes, Igus, TPC Wire & Cable, Thermal Wire & Cable, LLC, Jiutai (Tianjin) Intelligent Technology Co., Ltd., Shanghai Dingbai Wire and Cable Co., Ltd., Foshan Anyang Industrial Co., Ltd., Shanghai Yichu Wire And Cable Co., Ltd., Shanghai Liansheng Special Cable Co., Ltd.
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
163
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Oil Resistant Cable Market Report Segments:
The global Oil Resistant Cable market is segmented on the basis of:
Types
Light Rubber Sheathed Flexible Cable, Heavy Rubber Sheathed Flexible Cable
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
Metallurgy, Chemical Industry
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:
- SAB Bröckskes
- Igus
- TPC Wire & Cable
- Thermal Wire & Cable, LLC
- Jiutai (Tianjin) Intelligent Technology Co., Ltd.
- Shanghai Dingbai Wire and Cable Co., Ltd.
- Foshan Anyang Industrial Co., Ltd.
- Shanghai Yichu Wire And Cable Co., Ltd.
- Shanghai Liansheng Special Cable Co., Ltd.
Highlights of The Oil Resistant Cable 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:
- Light Rubber Sheathed Flexible Cable
- Heavy Rubber Sheathed Flexible Cable
- By Application:
- Metallurgy
- Chemical Industry
- 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 Oil Resistant Cable 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?
Oil resistant cable is a type of cable that is designed to resist oil and other liquids from damaging the cables. This type of cable can be used in areas where there is a potential for liquid damage, such as in oil rigs or underwater.
Some of the major companies in the oil resistant cable market are SAB Br¶ckskes, Igus, TPC Wire & Cable, Thermal Wire & Cable, LLC, Jiutai (Tianjin) Intelligent Technology Co., Ltd., Shanghai Dingbai Wire and Cable Co., Ltd., Foshan Anyang Industrial Co., Ltd., Shanghai Yichu Wire And Cable Co., Ltd., Shanghai Liansheng Special Cable Co., Ltd..
The oil resistant cable market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Oil Resistant Cable Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Oil Resistant Cable Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Oil Resistant Cable Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Oil Resistant Cable Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Oil Resistant Cable Market Size & Forecast, 2020-2028
4.5.1 Oil Resistant Cable Market Size and Y-o-Y Growth
4.5.2 Oil Resistant Cable Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Light Rubber Sheathed Flexible Cable
5.2.2 Heavy Rubber Sheathed Flexible Cable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Metallurgy
6.2.2 Chemical Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Oil Resistant Cable Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Oil Resistant Cable Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Light Rubber Sheathed Flexible Cable
9.6.2 Heavy Rubber Sheathed Flexible Cable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Metallurgy
9.10.2 Chemical Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Light Rubber Sheathed Flexible Cable
10.6.2 Heavy Rubber Sheathed Flexible Cable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Metallurgy
10.10.2 Chemical Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Light Rubber Sheathed Flexible Cable
11.6.2 Heavy Rubber Sheathed Flexible Cable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Metallurgy
11.10.2 Chemical Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Light Rubber Sheathed Flexible Cable
12.6.2 Heavy Rubber Sheathed Flexible Cable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Metallurgy
12.10.2 Chemical Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Light Rubber Sheathed Flexible Cable
13.6.2 Heavy Rubber Sheathed Flexible Cable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Metallurgy
13.10.2 Chemical Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Oil Resistant Cable Market: Competitive Dashboard
14.2 Global Oil Resistant Cable Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SAB Bröckskes
14.3.2 Igus
14.3.3 TPC Wire & Cable
14.3.4 Thermal Wire & Cable, LLC
14.3.5 Jiutai (Tianjin) Intelligent Technology Co., Ltd.
14.3.6 Shanghai Dingbai Wire and Cable Co., Ltd.
14.3.7 Foshan Anyang Industrial Co., Ltd.
14.3.8 Shanghai Yichu Wire And Cable Co., Ltd.
14.3.9 Shanghai Liansheng Special Cable Co., Ltd.
