Wire And Cable Jacket Material Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Material (PUR (Polyurethane), PVC (Polyvinylchloride), TPR/TPE (Thermoplastic Rubber/elastomer), Thermoplastic CPE (Chlorinated Polyethylene), Others), By End User (Aerospace And Defense, Medical, Communication, Robotics, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : Nov 2023
  • Report Code : KSI061615276
  • Pages : 142

The wire and cable jacket material market is expected to grow at a CAGR of 4.92% from a market size of US$4.546 billion in 2021 to reach US$6.362 billion in 2028.

Wire and cable jacket materials are integral to the electrical industry. They are used to protect electrical cables and wires from damage and ensure the safety of users. The jacket material is the outermost layer of the wire or cable, and it serves as a barrier against environmental factors such as moisture, abrasion, and temperature extremes. One of the primary functions of the wire and cable jacket material is to provide mechanical protection to the wire or cable. The jacket material acts as a shield, protecting the inner conductors from physical damage that could cause electrical faults or even a short circuit. For example, cables used in harsh environments, such as underground or in the ocean, require a jacket material that is resistant to abrasion and impact.

In addition to providing mechanical and environmental protection, the wire and cable jacket material can also enhance the aesthetic value of the product. For instance, the jacket material can be colored to match the surrounding environment or for easy identification. This is particularly useful in large installations where multiple cables are used, and identifying specific cables can be challenging.

Drivers:

  • Increasing demand for energy and power

One of the key drivers of the wire and cable jacket material market is the increasing demand for energy and power across the globe. This demand has been driven by the growing population, increasing urbanization, and rising industrialization in various regions. As a result, there has been a significant increase in the deployment of power transmission and distribution networks, which has led to a surge in the demand for wire and cable jacket materials. The International Energy Agency (IEA) reported a growth of almost 5% in global electricity demand for 2021 and an estimated 4% growth in 2022, underpinned by the ongoing economic recovery.

  • Advancements in communication technology

Government initiatives promoting the expansion of broadband internet access and infrastructure are also expected to drive growth in the communications industry, leading to increased demand for wire and cable jacket materials. For example, in the United States, the Federal Communications Commission (FCC) has allocated funds to support the development of broadband infrastructure in rural areas, which is expected to boost demand for wire and cable jacket materials.

The increasing adoption of smart devices and expansion of the Internet of Things (IoT) has led to an exponential increase in data transmission and communication. As a result, there has been a surge in the demand for high-speed and high-bandwidth cables that can transmit data reliably and quickly. This has led to the development of new materials that can withstand the harsh operating conditions of high-speed data transmission.

Market Developments:

  • In April 2023, AutomationDirect, a company that provides automation and control products, such as PLCs, HMIs, sensors, motors, and drives, to industrial and manufacturing customers, made public the release of its 300V Atlas Type AWM wire that is suitable for use in appliance wiring, control cabinets, and machine tool applications. The wire has a polyvinyl chloride (PVC) outer jacket in various colors and is available in sizes from 26 AWG to 16 AWG. It complies with the regulations of the National Electrical Code (NEC) and NFPA Standard 79, and it is manufactured in the United States of America.

The communication segment is expected to witness robust growth over the forecast period. 

The communications industry is a major end-user of wire and cable jacket materials, as it requires reliable and high-quality cables for transmitting data and information. The increasing demand for high-speed internet and data transmission has driven the growth of the communications industry, which in turn has led to increased demand for wire and cable jacket materials. The demand for wire and cable jacket materials in the communications industry is expected to continue growing due to the increasing use of advanced technologies such as 5G and the Internet of Things (IoT), which require high-quality cables. In addition, the growing trend of remote work and virtual communication has further increased the need for reliable and fast data transmission.

Asia Pacific and North America regions accounted for a significant share of the global wire and cable jacket material market in 2021.

Based on geography, the wire and cable jacket material market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific regions. The Asia Pacific wire and cable jacket materials market is expected to witness significant growth during the forecast period, driven by the increasing demand for these materials from the construction, automotive, and energy industries. China, India, and Japan are the major contributors to the growth of the market in this region. The growing population, urbanization, and industrialization in these countries are expected to fuel the demand for wire and cable jacket materials.

The North American wire and cable jacket materials market is expected to grow at a moderate rate, driven by the increasing demand for these materials from  industries operating in different sectors such as construction among others.

Wire And Cable Jacket Material Market Scope:

 

Report Metric Details
Market Size Value in 2021
US$4.546 billion
Market Size Value in 2028
US$6.362 billion
Growth Rate CAGR of 4.92% from 2021 to 2028
Base Year 2021
Forecast Period 2023 – 2028
Forecast Unit (Value) USD Billion
Segments Covered Material, End User, and Geography
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered Arkema, MISUMI, Calmont Wire & Cable Inc., Galaxy Wire & Cable, Inc., Habia Cable, TE Connectivity, Dow, W. L. Gore & Associates, Inc.
Customization Scope Free report customization with purchase

 

Market Segmentation:

  • BY MATERIAL
    • PUR (Polyurethane)
    • PVC (Polyvinylchloride)
    • TPR/TPE (Thermoplastic rubber/elastomer)
    • Thermoplastic CPE (Chlorinated Polyethylene)
    • Others
  • BY END USER
    • Aerospace and Defense
    • Medical
    • Communication
    • Robotics
    • Others
  • BY GEOGRAPHY
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East And Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Wire And Cable Jacket Material Market was valued at US$4.546 billion in 2021.
The wire and cable jacket material market is expected to reach a total market size of US$6.362 billion by 2028.
The global wire and cable jacket material market is expected to grow at a CAGR of 4.92% over the forecast period.
The wire and cable jacket material market is driven by increasing demand for energy and power and advancements in communication technology.
Asia Pacific and North America accounted for significant shares of the global wire and cable jacket material market.

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

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force 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 JACKET MATERIAL MARKET BY MATERIAL

5.1. Introduction

5.2. PUR (Polyurethane) 

5.3. PVC (Polyvinylchloride) 

5.4. TPR/TPE (Thermoplastic rubber/elastomer) 

5.5. Thermoplastic CPE (Chlorinated Polyethylene) 

5.6. Others

6. WIRE AND CABLE JACKET MATERIAL MARKET BY END-USER

6.1. Introduction

6.2. Aerospace and Defense

6.3. Medical

6.4. Communication

6.5. Robotics

6.6. Others

7. WIRE AND CABLE JACKET MATERIAL MARKET BY GEOGRAPHY

7.1. Introduction 

7.2. North America

7.2.1. USA

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. Germany

7.4.2. France

7.4.3. United Kingdom

7.4.4. Spain

7.4.5. Others

7.5. Middle East And Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Israel

7.5.4. Others

7.6. Asia Pacific

7.6.1. China

7.6.2. Japan

7.6.3. India

7.6.4. South Korea

7.6.5. Taiwan

7.6.6. Others

8. COMPETITIVE ENVIRONMENT AND ANALYSIS

8.1. Major Players and Strategy Analysis

8.2. Market Share Analysis

8.3. Mergers, Acquisitions, Agreements, and Collaborations

9. COMPANY PROFILES

9.1. Arkema

9.2. MISUMI

9.3. Calmont Wire & Cable Inc.

9.4. Galaxy Wire & Cable, Inc.

9.5. Habia Cable

9.6. TE Connectivity 

9.7. Dow

9.8. W. L. Gore & Associates, Inc.


Arkema

MISUMI

Calmont Wire & Cable Inc.

Galaxy Wire & Cable, Inc.

Habia Cable

TE Connectivity 

Dow

W. L. Gore & Associates, Inc.