The Polypropylene Cables is forecast to smooth over the next few years. According to the WK-chem Research "Global Polypropylene Cables Professional Survey Report 2022, Forecast to 2027", with the increasing demand of the Insulation and Sheathing industry,the Polypropylene Cables industry is developing at an incredible speed. According to the WK-chem regression analysis model, the compound annual growth rate (CAGR) for the period 2022-2027 is expected to be 8.70%.
Analysts' Viewpoint
Polypropylene is considered the steel of plastics because of its versatility; it can be modified in countless ways to suit multiple applications. The demand for polypropylene cables has increased due to its excellent electrical and thermal properties as well as environmentally friendly and recyclable cable insulation. Currently, leading manufacturers are taking aggressive action, such as ExxonMobil's advanced polypropylene line "Achieve", featuring new products for various applications such as automotive parts, rigid packaging, nonwovens and appliances . Therefore, during the forecast period, polypropylene cables will maintain good growth prospects.
Market insight
The increasing use of polypropylene cables in applications such as multimedia cables, fiber optic cables, instrumentation, and telecommunication lines is a major driving factor driving the market growth. Polypropylene cables offer advantages such as better surface finish, high strength, exceptionally high electrical and thermal resistance, and improved thermomechanical properties, making them ideal for a variety of applications such as power and telecommunication cables. Furthermore, the increasing application of polypropylene cables in various industries such as electronics, solar, wind, aerospace, automotive, and rail industries is expected to improve market growth over the forecast period. However, the high flammability, high coefficient of thermal expansion, and low resistance to chlorinated aromatic hydrocarbons and solvents of polypropylene materials are the major restraining factors hindering the market growth.
Competition Landscape
: This WK-chem market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Polypropylene Cables companys that include Prysmian Group, Leoni, Shandong Guangxing, Sumitomo Electric, Furukawa, General Cable, Baosheng Group, Wanda Cable, Nexans, Dongying Taide .etc.
Market Segmentation
: The polypropylene cable market is segmented into single-mode and multi-mode by product type. Single-mode fiber occupies a higher growth rate, and the transmission loss and transmission dispersion of single-mode fiber are relatively small. Small transmission loss can make the signal travel farther in the optical fiber, and small transmission dispersion is conducive to the transmission of high-speed and large-capacity data. Therefore, in communication systems, especially large-capacity communication systems, most use single-mode fiber. On the basis of end-use industry, the global polypropylene cables can be segmented into: Submarines, Power & Telecom Cables, Oil & Gas, Automotive, Others. The power and telecommunications segment dominates the market, and the surge in polypropylene materials for jacketing and insulation of telecommunications and power cables is attributed to the growth of the market. The use of PP is increasing in high voltage power cables to transmit high energy from power plants to distribution centers with minimal energy loss, and in low and medium voltage power cables for energy transmission to consumers and low voltage networks, And the growing demand for PP cables in the telecommunications sector, connecting consumers and enabling data transmission applications is expected to augment the market growth over the forecast period. Polypropylene Cables
Regional Market Analysis
In terms of geography, the global Polypropylene Cables market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. Asia Pacific holds the largest market share, with countries such as China, Japan, India, and South Korea being the major contributors to the market growth. The growth is attributed to the high adoption of polypropylene cables in power and telecommunication applications in the region. The increasing adoption of PP cables in HVDC cable insulation applications, the increasing research results of polypropylene materials, the increasing adoption of PP due to its recyclable and environmentally friendly insulating properties and the increasing adoption of industrial automation is driving the growth of the market in this region.
Cagr: 8.70%
Region with the largest share: Asia-Pacific
Largest country in largest share region: China
Product Type: Single-Mode and Multi-Mode
Application: Submarines, Power & Telecom Cables, Oil & Gas, Automotive, Others
Leading Company: Prysmian Group, Leoni, Shandong Guangxing, Sumitomo Electric, Furukawa
