What is Cable Coating Market?
Cable coating provides an electrical cable with electrical or mechanical protection. PVC and Polyethylene are used as insulation and as a protective cover for electrical cables, due to their high resistance to impact and abrasion. Growing production of telephone, electrical and submarine communication cables, etc. are the major factors driving the cable coating market growth. The increasing number of electronic devices per household and the development of manufacturing industries is expected to drive the market demand during the forecast period.
|Unit||Value (USD Million)|
|Key Companies Profiled||Miller-Stephenson Chemical Co. (United States), Anti-Seize Technology, A.S.T. Industries, Inc. (United States), World Wide Metric, Inc. (United States), Device Technologies, Inc. (United States), CHT USA (United States), ARSENAL (United Kingdom), TE Connectivity (Switzerland), Harting Technologiegruppe (Germany), Heyco (Germany) and Schneider Electric (France)|
The market study is being classified, by Application (Industrial and Domestic) and major geographies with country level break-up.
Miller-Stephenson Chemical Co. (United States), Anti-Seize Technology, A.S.T. Industries, Inc. (United States), World Wide Metric, Inc. (United States), Device Technologies, Inc. (United States), CHT USA (United States), ARSENAL (United Kingdom), TE Connectivity (Switzerland), Harting Technologiegruppe (Germany), Heyco (Germany) and Schneider Electric (France) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Phoenix Contact (Germany), Belden (United States), Amphenol (United States) and Würth Elektronik Group (Germany).
Global Cable Coating is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Cable Coating market throughout the forecasted period.
Analyst at AMA have segmented the market study of Global Cable Coating market by Type, Application and Region.
On the basis of geography, the market of Cable Coating has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rapid Urbanization and Rising Population over the Globe
- Renewal of Existing Power Transmission and Distribution Network
- Rising Demand for Flexibility and Customization of Electrical Cables
- Huge Demand for Insulated Cable
- Electronic Devices Which Rely on Wireless Technology are Reducing Demand for the Cable Coating
- Lack of Care in the Installation
- Cables Manufacturers are Developing New Products and Systems which can adapt to their Varying Demands this can create Opportunities for the Market Growth
- Declining Growth in the Production of Appliances and Other Electrical Equipment
Market Leaders and some development strategies
On 17th December 2021, ARSENAL and Seal for Life acquired Mascoat Ltd. and Verdia, Inc. Mascoat is a leading manufacturer of thermal insulation coating, anti-condensation, and sound damping coatings. It help to develop new ways to solve corrosion under insulation with its insulation coatings and pioneered the use of its sound damping and anti-condensation coatings in the commercial and yacht sectors. Verdia is a leading polymer flooring manufacturer with deep expertise in polyurethane concrete flooring systems and offers a complete line of epoxies, polyurethane, and polyaspartics formulations, Inc.
Key Target AudienceCable Coating Manufacturers, Cable Coating Suppliers and Distributors, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Cable Coating Market?
"Rapid Urbanization and Rising Population over the Globe
" is seen as one of major growth factors of Cable Coating Market in years to come.
2. Can we have customized study for Cable Coating Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Cable Coating Market?
United States will lead Cable Coating Market in coming years.