The urbanization in developed nations
is expected to drive the automotive industry which in turn is likely to bolster
the automotive cable and wire materials market. North America and Europe are
expected to continue their dominance in this market. The market is expected to
grow affluently and create new opportunities in Asia Pacific due to the growing
urbanization and automotive industry. The automotive cable and wire materials
market can be segmented based on raw materials utilized as, Polyvinyl chloride
(PVC), cross linked polyethylene (XPLE), electron beam based XLPE, and peroxide
based XLPE, fluoropolymers, polyphenylene ether (PPE), co-polyester elastomer
(COPE) and thermoplastic polyurethane (TPU).
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Thermoplastic polyurethane (TPU),
polyphenylene ether (PPE), and Polymers such as co-polyester elastomer (COPE)
are gaining popularity however they are not expected to entirely replace
materials such as XLPE and PVC. Fluoropolymers are chiefly utilized in the high
temperature cable applications. Fluoropolymers are expected to dominate the class
D and E applications. The cabling in automotives is expected to be driven by
the need for more data applications and multimedia. The growth in the
automotive industry, and rise in the disposable income of population worldwide
is expected to equally fuel the demand for automotive cable and wire materials.
The growing environmental concerns are expected to divert the customers towards
better alternatives.
Original equipment manufacturers are
expected to go for standardized solutions. Some of the key participants of this
industry include Famcom Rubber Products (India) Pvt. Ltd., Zhejiang Rijiu
Manufacturing Co., Ltd., Tonna Plastics, Allied Wire and Cable Inc., and
others.
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