Global polypropylene cables market size was US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 8.7% during the forecast period. 
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Global polypropylene cables market Definition
Polypropylene (PP) is the thermoplastic polymer material which is formed using chain-growth polymerization process with the help of monomer propylene. It is widely used in various packaging applications. The cables and wires which are insulated by using polypropylene materials owing to its superior chemical resistance and weldability properties is called as polypropylene cables.
Global polypropylene cables market Dynamics
The growing adoption of polypropylene cables in applications such as in multimedia cables, optical fiber cables, instrumentation and telecom wires and other applications is the major driving factor behind the growth of the market. The benefits offered by polypropylene cables such as better surface finish, high strength, exceptional high electrical and heat resistance and improved thermo-mechanical properties are making them most ideal choice for variety of applications such as power cables and telecommunication cables. In addition, a rising adoption of polypropylene cables in various industries such as electronics, solar energy, wind energy, aerospace, automotive and rail transportation industry are expected to improve growth of the market during the forecast period. However, high flammability of polypropylene material, high thermal expansion coefficient and low resistance ability to chlorinated aromatics and solvents are the major restraining factors that could hinder the growth of the market.
Global Polypropylene Cables Market: Segmentation Analysis
By industry, power and telecommunication segment dominated the market in 2019 and is projected to witness fast growth at a CAGR of XX% during the forecast period. A surge in the adoption of polypropylene material for the jacketing and insulation of telecommunication and power cables is attributed to the growth of the market. A rising use of PP in high voltage power cables to transfer high energies from power plants to distribution centers with a least energy loss and in low and medium voltage power cables to transport energy to the consumers and to low voltage network and growing demand for PP cables in telecommunication sector to create connection between consumers and to enable data transmission applications are expected to expand the growth of the market during the forecast period.
Global Polypropylene Cables Market: Regional Analysis
Region-wise, Asia Pacific held the largest market share in 2019 and is expected to maintain its dominance at a CAGR of XX% during the forecast period. The countries such as China, Japan, India, and South Korea are the major key contributors behind the growth of the market. The growth is attributed to the high adoption of polypropylene cables in power and telecommunication applications across the region. Increased adoption of PP cables in HVDC cable insulation applications, rising research achievements on polypropylene material, growing adoption of PP owing to its recyclable and environmentally friendly insulation nature and rising adoption of industrial automation are driving the growth of the market in the region. The objective of the report is to present a comprehensive analysis of the Global Polypropylene Cables Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Polypropylene Cables Market dynamics, structure by analyzing the market segments and projects the Global Polypropylene Cables Market. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Polypropylene Cables Market make the report investor’s guide.
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Global Polypropylene Cables Market, By Type
• Multi-Mode • Single-Mode
Global Polypropylene Cables Market, By Industry
• Submarine • Power and Telecommunication Cable • Power & Energy • Oil & Gas • Automobile • Others
Global Polypropylene Cables Market, By Region
• North America US Canada • Europe UK France Germany Italy Spain Norway Russia • Asia Pacific China India Japan South Korea Australia Malaysia Indonesia • South America Brazil Mexico Argentina • Middle East and Africa
Global Polypropylene Cables Market, Key Players
• Prysmian Group • Leoni • Shandong Guangxing • Sumitomo Electric • Furukawa • General Cable • Baosheng Group • Wanda Cable • Nexans • Dongying Taide • Far East Cable • Shandong Baoshida • Anhui Huining • Galaxy Wire and Cable • HellermannTyton • XX • XX
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