Skip to main content

Investors Eye Bio-based Plasticizers as Global Automotive Wire and Cable Materials Market Sets Greener Targets

The global automotive wire and cable materials market is an integral part of the automotive industry. Therefore, any factors that influence the overall production and sales rates of automobiles will be responsible for the growth of the global automotive wire and cable materials market as well. The details of this market are provided by leading market intelligence agency, Transparency Market Research. The company has compiled a holistic snapshot of this market within a research report titled “Automotive Wire and Cable Materials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019.” 
According to the report, the global automotive wire and cable materials market is currently being driven by the booming automotive industry. The demand for passenger cars and other automobiles is high, resulting in an increased demand for automotive wire and cable materials. Reasons for the strides in the automotive industry include the upswing of the U.S. and European economies, coupled with the rapid rate of industrialization and urbanization in Asia Pacific countries.
The global automotive wire and cable materials market is also benefitting massively from the recent advancements in technology, which have allowed market players to access new materials that are cheaper, greener, and more durable than their predecessors. 
A prime example of this is the incoming wave of manufacturers who prefer the use of bio-based plasticizers to manufacture PVC. Bio-based PVC can be up to 40% less toxic than the conventionally manufactured PVC that makes use of phthalates.
One of the major restrictions to the growth of the global automotive wire and cable materials market is actually the cause behind the growing use of bio-based materials. The high rate of pollution created by the manufacturing as well as disposal of older products is a major concern for many countries that are trying to reduce their carbon emissions. Therefore, government regulations are a key factor that players need to watch out for.
The report segments the global automotive wire and cable materials market on the basis of the products manufactured. These include PPE, TPU, XLPE, PVC, and other materials used in lower percentages.
The competitive landscape of the global automotive wire and cable materials market, as stated in the report, is a highly consolidated one. The top five companies currently hold over 60% of the market collectively, while the rest of the market is taken up by numerous regional players. Top automotive companies usually prefer these leading players due to a greater level of trust gained over the years. But there is always an eye out for innovation by new players at the same time.
The key players in the global automotive wire and cable materials market are explained in absolute detail with respect to each company’s overview, recent developments, and product portfolios. The company profile analysis additionally includes a financial overview and key business strategies employed by the companies. Finally, the report makes use of a SWOT analysis to provide a complete assessment of the competitive landscape of the global automotive wire and cable materials market. The list of key players includes Lear Corporation, Leoni AG, Yazaki Corporation, Draka Holding N.V., Coroplast Fritz Müller GmbH & Co. KG, Delphi Automotive PLC, ITC Thermo Cable GmbH, Judd Wire, Inc., Allied Wire & Cable, Sumitomo Electric Industries Ltd, and Coficab Tunisie SA.
Key Segments of the Global Automotive Wire and Cable Materials Market
Automotive Wire and Cable Materials Market: Product Segment Analysis
  • PVC
  • XLPE
  • TPU
  • PPE
  • Others
Labels:
Location: Albany, NY, USA

Comments

Post a Comment

Popular posts from this blog

Superabrasives (Turning, Cutting, Buffing, Drilling, Boring, Grinding) Market Research Report 2025

An abrasive is a material which molds or provides finishing to a work piece through a process which includes buffing, grinding, cutting, as well as polishing. Abrasion typically depends on the difference in the hardness of the material and the abrasive (with the latter being the harder of the two). Unlike regular abrasion where any two solid materials that repeatedly rub against each other tend to wear away, superabrasives possess the kind of hardness that enables them to stay usable for a longer period of time. On the basis of hardness, the top two superabrasives include diamond and cubic boron nitride (CBN). Industrial diamonds used as superabrasives are exceptionally hard materials. However, they display several technological limitations. For instance, when a diamond comes in contact with a ferrous alloy such as steel or a nickel superalloy, the resulting formation of carbide leads to its abrasion. Also, a diamond-containing tool can only be used at moderate temperatures a...
Post a Comment
Read more

Industrial Lubricants Market: Strong Demand Across Automotive Industry, Trends To 2025

Lubricants refer to the organic or inorganic material primarily being use to decrease friction between two surfaces in contact. Lubricants play a key role in several industries as well as in commercial and residential sectors. One of their most common uses is in the lubrication of bearings and gears, allowing for their easy movement at high speeds, without loss in energy, prevent excessive generation of heat, or most importantly, prevent damage that would be caused otherwise. Industrial lubricants are, therefore, essential in enhancing the overall efficiency of a machine that contains moving parts in contact with one another. The global industrial lubricants market is currently expanding at a solid growth rate, driven by several factors and spearheaded by the likes of BP, Total, Chevron Corporation, ExxonMobil, and Shell. Browse Market Research Report @  http://www.transparencymarketresearch.com/industrial-lubricants-market.html What Impact has the Oil and Gas Industry ...
Post a Comment
Read more

Rapid Prototyping Market - Rapidly Gaining Importance in Aerospace Sector, Research By 2024

Rapid prototyping is a technique in which the physical modeling of a design is done with the help of specialized machining technology. It was developed initially in the mid-1980s, the principle used in this technology is of solid modeling with the help of computer programs (i.e. CAD). Solid modeling makes use of computer aided-design (CAD) data to completely describe not just the external shape of parts or equipment, but its interior volume as well as the outside surfaces. The computer model is sliced into thin layers and the part of the product or commodity to be modelled or developed as per the requirement, is eventually fabricated by adding layers onto each other. Obtain Report Details @   http://www.transparencymarketresearch.com/rapid-prototyping-market.html The primary benefit of the system is that almost any shape can be manufactured using computerized programs. Time and money savings vary from 50% to 90% compared to conventional systems. Types of rapid proto...
Post a Comment
Read more