Seattle, WA -- (SBWIRE) -- 09/13/2017 -- The market size of wire compound and cable compound is estimated to grow from USD 11.36 Billion in 2017 to 16.42 Billion by 2022, at a CAGR of 7.7% from 2017 to 2022. The growth of this market is driven by the rising demand for wire and cable compounds from the construction and automotive industries. The market in Asia-Pacific and the Middle East & Africa is expected to witness significant growth in the next five years, owing to the rise in construction activities in emerging markets, such as China, India, and Saudi Arabia.

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Construction: the largest end-use industry segment of the wire compound and cable compound market

Wire compound and cable compound are extensively consumed in various industries, such as construction, communication, automobile, and power. The construction industry segment is estimated to dominate the wire compound and cable compound market in 2017. The rapid infrastructural development, especially in emerging economies, is expected to drive the growth of this segment during the forecast period.

Halogenated Polymer: a faster-growing type segment of the wire compound and cable compound market

The halogenated polymer is expected to be a faster-growing segment of the wire compound and cable compound market during the forecast period. Wire and cable compounds are extensively used for wire insulation and jacketing. Halogenated polymer compounds offer good abrasion resistance, high oil and moisture resistance, flexibility, and durability.

Asia-Pacific: the largest market for wire compound and cable compound

Asia-Pacific is projected to witness the highest growth between 2017 and 2022. The growth of the market can be attributed to the presence of emerging economies and the rising construction activities in these economies in the recent years.

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Most active market players in the wire compound and cable compound market

I. du Pont de Nemours and Company (U.S.), General Cable Technologies Corporation (U.S.), PolyOne Corporation (U.S.), Exxon Mobil Corporation (U.S.), Eastman Chemical Company (U.S.), Solvay S.A. (Belgium), Trelleborg AB (Sweden), Borouge (UAE), Mexichem Specialty Compounds Inc. (Mexico), Electric Cable Compounds Inc. (U.S.), Evonik Industries AG (Germany), Hanwha Chemical Corporation (South Korea), SCG Chemicals Co., Ltd (Thailand) are the key players operating in the wire compound and cable compound market.

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