Wire And Cable Compounds Market Size, Share, Opportunities, And Trends By Product (Fiber Optic Cable, Coaxial Cable, Others), By Polymer Type (Polyvinyl Chloride (PVC), Thermoplastic Elastomer (TPE), Thermoplastic Polyurethane (TPU), Thermoplastic Olefin (TPO), Others), By End-User Industry (Automotive, Construction, Electrical and Electronics, Health Care, Power, Telecommunication, Others), And By Geography- Forecasts From 2025 To 2030

Wire And Cable Compounds Market Size

The wire and cable compounds market is projected to grow at a CAGR of 4.57% over the forecast period, increasing from US$16.747 billion in 2025 to US$20.943 billion by 2030.

The growth of certain industries has been important in the increased demand for the wire and cable compounds market. The electrical and electronics sector is one of the fastest and largest growing industries. Recently, the Ministry of Electronics & Information Technology released Electronics Manufacturing in India stating that the electronics manufacturing industry will grow to US$ 300 billion by 2025-26. This increased consumption of electrical and electronics is backed by the trade of the semiconductor industry in 2024 which was USD$510.099 billion, this number suggests the application of semiconductors in the electrical and electronics industry.

Furthermore, the observed trend in the wire and cable compounds industry is the use of sustainable alternatives as materials. In April 2024, ABB introduced one of the industry’s first cable protection systems made from recycled fishing nets. According to the company estimated 1 million tons of abandoned and discarded fishing gear (ALDFG), litter the world’s oceans every year, endangering marine life as a major source of ocean plastic pollution. To mitigate this dangerous marine pollution, ABB launched industry-leading cable protection crafted from 50% recycle-based polyamide using primarily recovered fishing nets.

Further, the expansion of the construction industry growth is a significant driver in the expansion of the wire and cable compounds market. In the USA, the total construction spending was US$2,011.831 billion in May 2023 which expanded from US$1,930.254 billion in May 2022. This increasing construction industry propels the materials used including wire and cable compounds.

Wire And Cable Compounds Market Drivers: 

• The increasing automotive industry is predicted to promote the wire and cable compounds market expansion.

The expanding automobile industry is one key factor pushing the market demand for wire and cable compounds. This growth is attributed to the growing electric vehicle sector and wire and cable products needed for the various electronic devices within automobiles. Modern automobiles need primary wire and battery cables for multi-functionality. Certain battery cable grades are suitable for 125°C or 150°C and need to be designed to meet SAE J-1127 and ISO 6722 requirements. Moreover, the application of electrical and electronics such as engine management, ignition, radio, telematics, car puters, infotainment systems, etc. boost the market significantly.

The growing demand for electric vehicles worldwide is pushing the need for insulated materials. According to the International Energy Agency (IEA), the sales of electric vehicles have been the largest in China. Increasing sales from 6 million in 2022, 8.1 million in 2023, and reaching 10.1 million in 2024. Keeping this increased demand for electric vehicles, Solvay announced the launch of KetaSpire KT-857, a new polyetheretherketone (PEEK) extrusion compound designed especially for copper magnet wire insulation in electric motors in May 2023. The development of the custom-engineered insulation material was driven by the move of OEMs towards higher-density batteries and electric powertrains operating at 800V.

According to the OICA (International Organization of Motor Vehicle Manufacturers), the global production of automobiles increased by 10% in 2023 compared to the previous year. This increased demand for automobiles will fuel the overall market for wire and cable compounds. 

• The rising adoption of electric vehicles is anticipated to boost the wire and cable compounds market expansion.

The global automotive industry is witnessing remarkable growth and expansion, especially in developing nations, leading to an increased requirement for wiring harnesses and respective electrical components. Features such as electric power steering, antilock braking systems, infotainment systems, and advanced driver assistance systems in electric vehicles have led to more complex wiring and increasingly sophisticated electrical systems. The demand for sophisticated wire and cable compounds is rising because of these growing trends.

Moreover, the growing sales of electric vehicles (EVs) will keep pushing the market for wire and cable compounds, as the wiring of battery packs, motors, and charging systems contributes to the large amount of cable necessary for these vehicles, requiring materials with high-performance, heat-resistant, and light compounds.

In 2023, approximately 14 million electric cars were sold, of which ninety-five percent found consumers in Europe, China, and the United States. Compared to 2022, this figure showed a 35% increase, with 3.5 million more registered EVs. The total number of electric cars that ended up on roads around the globe increased to 40 million according to the Global EV Outlook of the International Energy Agency (IEA). The IEA data further represented that the sale of electric cars rose from 13.7 million in 2023 to account for 16.6 million units by 2024.

In addition, automotive manufacturers demand flame-retardant, halogen-free, and flexible wire and cable compounds, designed according to very high safety standards and merged with sustainable products. Also, the Manufacturers are concentrating on innovative materials production so that they meet the performance norms of the automobile while being friendly to the environment and recyclable, thereby imparting impetus towards progress in the wire and cable compounds market.

For instance, in July 2024, Leoni launched LIMEVERSE, a completely circular product line for automotive cables aimed at the design of sustainable mobility. The product line is completely recyclable and guarantees a substantial CO2 emission reduction. The main features of LIMEVERSE include the implementation of bio-based insulation materials verifiable with biocarbon under the standard test method ASTM D6866. These plastics can be synthesized as mass-balanced employing bio-based raw materials instead of the extremely reduced petroleum-based raw materials in chemical industry reactors.

Wire And Cable Compounds Market Geographical Outlook:

Based on geography, the wire and cable compounds market is segmented into the Americas, Europe Middle East and Africa, and the Asia Pacific. Several factors drive the United States wire and cable compounds market. The primary driver is the strong infrastructure within the United States, along with continued investments in upgrading and expanding power grids, telecommunications networks, and transportation systems. For instance, the Joint Centre for Housing Studies of Harvard United (JCHS), released a report in March 2023, known as Improving America's Housing 2023, it stated that the US remodeling sector was rising rapidly, and in 2022, and investment in USD567 billion was done for remodeling old houses. Hence, such rising investment in the construction, and remodeling sector in the United States is anticipated to propel the market growth in the coming years.  

Adding to this, according to the U.S. Department of Commerce, the total construction spending in the United States in July 2024 was US$2,162.7 billion, which was 6.7% higher than that of July 2023, when the spending was US$2,027.4 billion.

In addition, the rise in electric vehicle adoption has significantly impacted the market as it increases the demand for specialized wire and cable compounds that can handle the specific requirements of EV applications. In this regard, electric vehicle sales according to the IEA rose from 1 million in 2022 to 1.6 million in the year 2023 in the United States.

Wire And Cable Compounds Market Key Developments:

• In June 2024, Orbia Polymer Solutions (Alphagary), a world leader in innovative polymer solutions for wire and cable applications, launched a new family of semi-conductive compounds to America's wire and cable marketplace, under the brand name ESCONTEK, in partnership with Shakun Polymers.

Wire And Cable Compounds Market Scope:

Report Metric	Details
Wire And Cable Compounds Market Size in 2025	US$16.747 billion
Wire And Cable Compounds Market Size in 2030	US$20.943 billion
Growth Rate	CAGR of 4.57%
Study Period	2020 to 2030
Historical Data	2020 to 2023
Base Year	2024
Forecast Period	2025 – 2030
Forecast Unit (Value)	USD Billion
Segmentation	Product Polymer Type End-User Industry Geography
Geographical Segmentation	North America, South America, Europe, Middle East and Africa, Asia Pacific
List of Major Companies in the Wire And Cable Compounds Market	Alphagary BUSS AG Cabot Corporation Chemceed Electric Cable Compounds Inc.
Customization Scope	Free report customization with purchase

 

The Wire And Cable Compounds Market is analyzed into the following segments:

• By Product
  • Fiber Optic Cable
  • Coaxial Cable
  • Others
• By Polymer Type
  • Polyvinyl Chloride (PVC)
  • Thermoplastic Elastomer (TPE)
  • Thermoplastic Polyurethane (TPU)
  • Thermoplastic Olefin (TPO)
  • Others
• By End-User Industry
  • Automotive
  • Construction
  • Electrical and Electronics
  • Health Care
  • Power
  • Telecommunication
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others

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1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base and Forecast Years Timeline

1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

2.1. Research Design

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. WIRE AND CABLE COMPOUNDS MARKET BY PRODUCT

5.1. Introduction

5.2. Fiber Optic Cable

5.3. Coaxial Cable

5.4. Others

6. WIRE AND CABLE COMPOUNDS MARKET BY POLYMER TYPE

6.1. Introduction

6.2. Polyvinyl Chloride (PVC)

6.3. Thermoplastic Elastomer (TPE)

6.4. Thermoplastic Polyurethane (TPU)

6.5. Thermoplastic Olefin (TPO)

6.6. Others

7. WIRE AND CABLE COMPOUNDS MARKET BY END-USER INDUSTRY

7.1. Introduction

7.2. Automotive

7.3. Construction

7.4. Electrical and Electronics

7.5. Health Care

7.6. Power

7.7. Telecommunication

7.8. Others

8. WIRE AND CABLE COMPOUNDS MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. Japan

8.6.3. India

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indonesia

8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

10. COMPANY PROFILES

10.1. Alphagary

10.2. BUSS AG

10.3. Cabot Corporation

10.4. Chemceed

10.5. Electric Cable Compounds Inc.

10.6. Melos GmbH

10.7. Bihani Group

10.8. Relicab Cable Manufacturing Limited

10.9. SCG Chemicals Co., Ltd.

10.10. Solvay

10.11. Teknor Apex

10.12. Trelleborg

Alphagary

BUSS AG

Cabot Corporation

Chemceed

Electric Cable Compounds Inc.

Melos GmbH

Bihani Group

Relicab Cable Manufacturing Limited

SCG Chemicals Co., Ltd.

Solvay

Teknor Apex

Trelleborg