Market Research Reports Search Engine (MRRSE) has added a new report to its repository. The report, titled “Automotive Wire and Cable Materials Market (PVC, XLPE, TPU, PPE and Others) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”, assesses this market in absolute depth. Industry experts have used Porter’s five forces analysis and SWOT analysis to evaluate the forces dictating the events in this market. The systematic review and meticulously crafted guidelines are aimed at helping the readers ascertain their stand in the market and reach worthwhile decisions.
The global automotive wire and cable materials market is segmented on the basis of product and geography. The products sold in the automotive wire and cable materials market are PVC, XLPE, PPE, TPU, and others. On the basis of geography, this market is segmented into Asia Pacific, North America, Europe, and Rest of the World.
The commonly used products in the global automotive wire and cable materials market are XLPE and PVC insulation materials, as they are extremely durable and thus can be exposed to a wide temperature range. However, the high toxicity of PVC and its complex recyclability issues are forcing OEMs to scrap its usage. For example, General Motors has stopped using PVC to make vehicles. The decreasing popularity of PVC is boosting the demand for materials such as PPE and XLPE. In the coming years, as manufacturers are looking at making PVC with bio-plasticizers, PVC’s market share is expected to pick, as the new versions will be 40% less toxic than the ones made by using phthalates.
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The biggest consumer of automobile wire and cable materials in the world is Asia Pacific. This terrific demand is nourished by the rising GDP in the past few decades and the strengthening economies of China, India, Indonesia, and Japan. As economies develop, the per capita income rises, allowing several citizens to have a better purchasing power. This trend in Asian countries is bolstering the demand for consumer and commercial vehicles in the region. Thus, these ongoing dynamics are helping the automotive wire and cable materials market expand at a rapid pace in this geographical segment.
The second largest consumer of automotive wire and cable materials is North America, followed closely by Europe. Despite the esteemed car makers based in the European region, maximum demand stems from other places of the world, such as Asia Pacific.
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The research report on the global automotive wire and cable materials market also profiles some of the key players in the industry to shed light on the competitive landscape. The companies studied by research analysts for making this report a comprehensive one are Leoni AG, Coficab Tunisie SA, Yazaki Corporation, Draka Holding N.V., and Sumitomo Electric Industry. The section of company profiles explains the company overview, financial overview, business and marketing strategies, and tracks the recent developments of these companies.