Plastic-Coated Wires Market Share 2022-2030
The market for plastic-coated wires is positively influenced by the combination of factors like the growing demand in power generation as well as telecommunication. Also, rapid urbanization and infrastructure spending along with the increase in transmission grid capacity is exhibited to bore well with the market for plastic-coated wires in the coming years.
Competitive Dashboard:
The leading companies mentioned in the plastic-coated wires market report include Wire Works Friedr. Lötters GmbH Co. KG (Germany), Gavitt Wire Cable Company, Inc. (US), Von Roll Holding AG (Switzerland), Precision Wires (India), American Spring Wire Corporation (US), Carl Stahl Sava Ind. (US), BetafenceNV (Belgium), KTS Wire Ltd (UK), Loos Co. Inc. (US), Bekaert (Belgium), Haver Boecker OHG (Germany), Dr.-Ing. Meywald GmbH Co. KG (Germany) among others. Mergers, alliances, along with ventures are strategical moves that are taken by players in order to gain a considerable share of the market.
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The global plastic-coated wires market is set to touch USD 5,501.7 million by 2030, at a CAGR of 6.28% from 2022 to 2030 (forecast period), according to Market Research Future (MRFR).
Apart from these factors, favorable government initiatives in the housing sector are striving to offer growth opportunities to the industry players. In addition, the elevating demand for efficient energy and data communication in tier-2 and tier-3 cities is set to give way to the market growth in the coming years. On the flip side, fluctuations in the prices of raw materials like synthetic polymers could be threaten the plastic-coated wires market growth. However, the restraining factor could be overcome by the production of bio-based or green plastic-coated wires.
Segmentation Analysis:
By the type of coating, the global plastic-coated wires market is segmented into polyvinyl chloride (PVC), polyethylene (PE), polyethylene terephthalate (PET), polyamide (PA), among others. Among these, the polyvinyl chloride (PVC) segment held the largest market share of 59.0% in 2017 and is expected to remain dominant throughout the forecast period with a market share of 59.3% in 2030.
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The growing need for affordable as well as high-performance PVC coating materials in wires is presumed to drive the demand during the review period. Close on its heels is the polyethylene (PE) segment which was the second-largest market with the share of 21.2% in 2017 and is deemed to clock in the highest CAGR of 7.02% during the review period. This growth can be credited to its lower cost compared to other types of coated wires. It can command a demand close to 1,213 kilotons by 2030.
Substrate-wise, the Plastic-Coated Wires Market Share has been segmented on the basis of rounded copper wires, rounded stainless-steel wires, rounded carbon wires, and others. The rounded copper wires segment accounted for the largest market share of 47.3% in 2017 and is expected to remain dominant during the forecast period with a projected market share of 49.3% in 2030.
Based on application, the plastic-coated wires market has been segmented into medical instruments, machine tools electrical appliances, and equipment, chain and brush, printing and paper, weaving wire, and others. The electrical appliances segment managed to accrue a 52.4% market share with a value of USD 2,009.5 million in 2017 and bound to reach USD 2,995.6 million by 2030. The segment growth is the result of the expanding e-commerce business as well as the elevation in the spending on consumer electronics. Going forward, the growth of the real estate sector coupled with the strong presence of retail stores that provide electronics and textiles have been profitable for the market. In addition, the growing use of plastic-coated wires for manufacturing automotive interiors wires is presumed to augment the product demand. Lastly, the growing need for lighter automobiles for improved fuel efficiency and the increasing production of hybrid and electric cars are slated to work in favor of the plastic-coated wires market.
Regional Analysis:
Region-wise, the plastic-coated wires market covers Europe, North America, Asia Pacific, Latin America, and the Middle East Africa. The market in Asia Pacific accounted for a 39.4% share whereas the region of Europe captured the market share of 29.7% among all the regions.
The market in Asia Pacific had reached the value of USD 1,512.7 million in 2017. The regional market is anticipated to reach the value of USD 2,304.7 million by the end of 2030. The reasons behind the tremendous expansion of the market in the region are the burgeoning population and the subsequent increasing rate of urbanization.
Whereas, the market in Europe was worth USD 1,140.8 in 2017, with an estimated value of USD 1,543.3 by 2030. The market in the region is flourishing on account of the massive contribution of various countries such as United Kingdom, Germany, France among others. Other factors backing the strong growth of the market include evolving application requirements like artificial intelligence (AI) capabilities, long battery life, and biometrics.
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Table of Content
1 Executive Summary
2 Market Introduction
2.1 Definition 21
2.2 Scope Of The Study 21
2.3 List Of Assumptions 21
2.4 Market Structure 22
3 Market Insights
3.1 Key Takeaways 24
4 Research Methodology
4.1 Research Process 28
4.2 Primary Research 28
4.3 Secondary Research 29
4.4 Market Size Estimation 30
4.5 Forecast Model 30
5 Market Dynamics
5.1 Introduction 32
5.2 Drivers 32
5.2.1 Increase In Power Generation And Consumption 32
5.2.2 Growing Semiconductor Industry 34
5.2.3 Drivers Impact Analysis 34
5.3 Restraints 35
5.3.1 Volatile Raw Material Prices 35
5.3.2 Restraint Impact Analysis 35
5.4 Opportunity 35
5.4.1 Construction Industry In The Middle East Africa And Asia-Pacific 35
5.5 Trend 36
5.5.1 Significant Increase In Polymer Capacities 36
6 Market Factor Analysis
6.1 Supply Chain Analysis 38
6.1.1 Raw Material Suppliers 38
6.1.2 Plastic-Coated Wires Manufacturers 38
6.1.3 Distribution Channel 38
6.1.4 End-Use Applications 39
6.2 Porter’s Five Forces Analysis 39
6.2.1 Threat Of New Entrants 39
6.2.2 Threat Of Rivalry 39
6.2.3 Threat Of Substitutes 39
6.2.4 Bargaining Power Of Suppliers 40
6.2.5 Bargaining Power Of Buyers 40
7 Global Plastic-Coated Wires Market, By Coating
7.1 Introduction 42
7.2 Poly Vinyl Chloride (PVC) 44
7.3 Polyethylene (PE) 45
7.4 Polyethylene Terephthalate (PET) 46
7.5 Polyamide (PA) 47
7.6 Others 48
8 Global Plastic-Coated Wires Market, By Substrate
8.1 Introduction 50
8.2 Rounded Copper Wires 51
8.3 Rounded Stainless-Steel Wires 53
8.4 Rounded Carbon Wires 54
8.5 Others 55
9 Global Plastic-Coated Wires Market, By Application
9.1 Introduction 57
9.2 Electrical Appliances 59
9.3 Machine Tools Equipment’s 60
9.4 Medical Instruments 61
9.5 Printing Paper 62
9.6 Chain Brush 63
9.7 Weaving Wire 64
9.8 Others 65
10 Global Plastic-Coated Wires Market, By Region
10.1 Introduction 67
10.2 North America 69
10.2.1 U.S. 72
10.2.2 Canada 75
10.3 Europe 78
10.3.1 Germany 82
10.3.2 UK 85
10.3.3 France 88
10.3.4 Spain 91
10.3.5 Italy 94
10.3.6 Russia 97
10.3.7 Poland 100
10.3.8 Rest Of Europe 103
10.4 Asia Pacific 106
10.4.1 China 110
10.4.2 Japan 113
10.4.3 India 116
10.4.4 Malaysia 119
10.4.5 Thailand 122
10.4.6 Indonesia 125
10.4.7 South Korea 128
10.4.8 Australia New Zealand 131
10.4.9 Rest Of Asia Pacific 134
10.5 Latin America 137
10.5.1 Mexico 141
10.5.2 Brazil 144
10.5.3 Argentina 147
10.5.4 Rest Of Latin America 150
10.6 The Middle East And Africa 153
10.6.1 Turkey 157
10.6.2 UAE 160
10.6.3 Saudi Arabia 163
10.6.4 Egypt 166
10.6.5 Israel 169
10.6.6 Rest Of Middle East And Africa 172
11 Competitive Landscape
11.1 Introduction 177
11.2 Market Strategy Analysis 177
12 Company Profiles
13 Conclusion
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