Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Wire Covering Compound Market by Type (Halogenated Polymer, Non-Halogenated Polymer), By Application (Construction, Power, Communication, Automotive, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Wire Covering Compound Market by Type (Halogenated Polymer, Non-Halogenated Polymer), By Application (Construction, Power, Communication, Automotive, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 219835 3300 Chemical & Material 377 244 Pages 4.6 (32)
                                          

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.


Global Wire Covering Compound Industry Outlook


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:

  1. Dupont
  2. Solvay S.A.
  3. Evonik Industries AG
  4. Borouge
  5. Polyone Corporation
  6. Eastman Chemical Company
  7. Exxon Mobil Corporation
  8. Hanwha Chemical Corporation
  9. SCG Chemicals Co., Ltd.
  10. Trelleborg AB
  11. Aum Udyog
  12. Electric Cable Compounds Inc.
  13. General Cable Technologies Corporation
  14. Melos GmbH
  15. Mexichem Specialty Compounds Inc.
  16. Newgen Specialty Plastics Ltd.
  17. NUC Corporation
  18. Otech Corporation
  19. Plasgom
  20. S&E Specialty Polymers
  21. Shakun Polymers Limited
  22. Sonneborn
  23. Techno Vinyl Polymers India Ltd.
  24. Teknor Apex Company
  25. Web Industries, Inc.

Global Wire Covering Compound Market Overview


Highlights of The Wire Covering Compound Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Halogenated Polymer
    2. Non-Halogenated Polymer
  1. By Application:

    1. Construction
    2. Power
    3. Communication
    4. Automotive
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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

Global Wire Covering Compound Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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

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