Wire Insulation & Jacketing Compounds Market Witness a Spike in Growth Pace Recent Improvements in Pricing Models: FMI

Wire insulation & jacketing compounds are plastic compounds which find applications in the manufacture of wire & cable insulation products used for protecting & insulating and jacketing wires & cables. A diverse set of properties is imparted to wire insulation & jacketing compounds, which primarily depend on applications and item operating conditions. This processing is done by using plasticizers, stabilizers and modifiers in different combinations of compositions. In confined public spaces, such as subway systems, hotels, hospitals, airports and high rise buildings, plastic compounds which are applied for the production of wire insulating & jacketing products need to be formulated with flame retardants. These retardants are expected to mitigate the spread of fire and would produce as low levels of smoke as possible, so as to ensure safe evacuation of people from the hazard area. With regard to the developments strongly impacting the wire insulation & jacketing compounds market, technology experts have been developing LSHF compounds, which have identical performance characteristics to polyvinyl chloride jacketing compounds, and produce relatively less smoke and acid gas in case of fire – fire safety being a key focus area while designing products. The superior characteristics of new wire insulation & jacketing compound products such as excellent thermo-mechanical properties, have been favoring the growth of the wire insulation & jacketing compounds market.

Considering these important aspects of applications of wire insulation & jacketing compounds, the study of the wire insulation & jacketing compounds market becomes an important read.

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Key Trends, Drivers

In recent times, there have been concerns that conventional wire insulation & jacketing compounds which use polyvinyl chloride or flame retardants containing halogens, could produce harmful fumes in case of fire. Hence, there has been a development of low smoke, halogen free (LSHF) wire insulation & jacketing compounds. This is so because the LSHF wire insulation & jacketing compounds are of the flame retardant type that generated low quantities of smoke and contained no halogenated materials. These compounds comprised of a non-polyvinyl chloride plastic, and use halogen free flame retardants vis-à-vis those which contain halogens. This greatly enhanced the end product’s safety characteristics, thereby becoming a preferred choice among end users. Manufacturers have also been focusing on developing & launching new wire insulation & jacketing products with enhanced features. For instance, the product launches of new wire insulation & jacketing compounds by manufacturers now comprises of a launch of a new range of EPR, XLPO and ZHFR compounds to reinforce the existing product portfolio of such compounds. Companies have also been focusing on increasing their product offerings with a broad range of bonded and strippable compounds for thermoplastic as well as thermoset applications. The development of solar cable compounds which meet international specifications and standards is also a recent trend in the industry. Manufacturers have been developing wire insulation & jacketing compounds with niche characteristics such as the development of a HFFR sheathing compound with low smoke and enhanced char for enhanced protection. The extra protection was also expected to offer cable designers more freedom to use less-expensive protective tapes in the cable while maintaining fire protection.

Such factors which would positively influence the wire insulation & jacketing compounds demand are expected to drive the market growth to a considerable extent in the near future.

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Market Participants

Examples of the market participants in the wire insulation & jacketing compounds market are as follows:

  • I. du Pont de Nemours and Company
  • Melos GmbH
  • Electric Cable Compounds Inc.
  • Sonneborn LLC.
  • General Cable Technologies Corporation
  • Polyone Corporation
  • Eastman Chemical Company
  • Solvay SA
  • Trelleborg AB
  • Mexichem Specialty Compounds Limited

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.

The report covers exhaust analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC Countries, S. Africa, Northern Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Market Segmentation

On the basis of product type, the wire insulation & jacketing compounds market is segmented as follows:

  • Halogenated plastic wire insulation & jacketing compounds
  • Non halogenated plastic wire insulation & jacketing compounds

On the basis of end use sector, the wire insulation & jacketing compounds market is segmented as follows:

  • Automotive & Transportation
  • Energy
  • Building & Construction
  • Electronics & Telecommunication
  • Others

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

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