Wire and Cable Compound Companies

The wire and cable compound market is projected to grow from USD 15.26 billion in 2025 to USD 22.22 billion by 2030, at a CAGR of 7.8% during the forecast period. Wire and cable compounds are specialty application materials that are used to formulate insulating and jacketing materials for wires and cables. They are also used in manufacturing semi-conductive shields for cables. These wire & cable compounds offer enhanced quality and performance standards, which include new standards for safety, sustainability, and reliability as they provide high insulation properties. These wire & cable compounds are used in the construction, power, communication, and automotive industries. Wire and cable compounds have a major role in coating wires & cables as they provide safety insulation to the conducting wires.

There are various kinds of wire and cable compounds, such as thermoplastic polyesters, crosslinked polyethylene, polyvinyl chloride, halogen-free flame-retardant compounds, and semi-conductive compounds. Each type is chosen based on its intended applications, such as power transmission, telecommunications, or automotive uses.

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The market is segmented into two main types, namely, halogenated and non-halogenated wire and cable compounds. Halogenated wire and cable compounds are materials used for the insulation and sheathing of wires and cables that contain halogen elements such as chlorine, fluorine, and bromine. The most common example is polyvinyl chloride (PVC), which contains chlorine and is widely used due to its durability and flame-retardant properties. Non-halogenated wire and cable compounds also known as halogen-free or LSZH (Low Smoke Zero Halogen) compounds are materials used for cable insulation and sheathing that do not contain any halogen elements such as chlorine, fluorine, bromine, iodine, or astatine.

Borealis GmbH (Austria)

Borealis GmbH is a leading provider of polyolefin compounds for the global wire and cable industry. Backed by a suite of proprietary technologies, the company’s advanced solutions not only meet stringent energy industry standards but also unlock progress on the energy transition, helping to create a more sustainable future. Borealis GmbH provides products for cables, energy storage, and the solar industry.

Within its basic and fine chemical lines, Hualu Hengsheng is a major producer of important intermediates such as trimethylamine, dimethylformamide (DMF), and Dimethyl Carbonate (DMC). The company stands among China’s few firms capable of producing industrial-grade DMC at a large scale, thanks to its advanced synthesis methods and proprietary catalytic technologies. Its DMC is known for high purity, consistency, and adherence to environmental standards, establishing it as a dependable raw material in the lithium-ion battery and green chemical markets.

Evonik Industries (Germany)

Evonik Industries is a leading global specialty chemicals company operating through four business segments, namely, specialty additives, technology & infrastructure, smart materials, and nutrition & care. It offers wire & cable compounds through its smart materials segment. Evonik is active in over 100 countries around the world with more than 33,000 employees. The company has production facilities in 28 countries across Europe, North America, South America, Asia Pacific, and the Middle East & Africa. Production is carried out on integrated technology platforms for multiple units at production sites in Marl, Wesseling, Rheinfelden, Antwerp, Mobile, Shanghai, and Singapore. The company is headquartered in Essen, North Rhine-Westphalia, Germany. It is the second-largest chemicals company in Germany.

DuPont (US)

DuPont is a science and technology company supplying products and services to various industries, including agriculture, automotive, building & construction, electronics, energy, food & beverages, safety & protection, and others. It operates through three business segments, namely, electronics & industrial, water & protection, and corporate & other. The company offers wire & cable compounds through its electronics & industrial segment under different brand names. The company’s extensive product range, materials, and services fulfill the dynamic market demands of varied industries in approximately 90 countries.

WIRE AND CABLE COMPOUND MARKET: MARKET RANKING

The wire and cable compound market is fragmented, with the top five players accounting for 22.0–27.0% of the market share, which indicates that there are many players operating within this emerging market. Borealis GmbH leads the position in this market, which can be attributed to its technological innovation, strong research and development capabilities, extensive production capacity, and strategic partnerships across various industries. As one of the pioneers in wire and cable compound manufacturing, the company acquired Rialti S.p.A., a leading European producer of recycled polypropylene compounds. This investment strengthened Borealis’ circular portfolio, in adding 50,000 tonnes of recycled compounding capacity and meeting growing customer demand for sustainable solutions.

Other prominent players in the wire and cable compound market include Evonik Industries, DuPont, and Orbia (Alphagary). These companies have made significant progress in offering competitive products and solutions to meet various wire and cable compound applications and needs. Companies such as Syensqo and Avient Corporation are helping diversify the wire and cable compound market by pioneering advanced technologies and increasing their manufacturing capacity, which, in turn, will also support the growth of the overall wire and cable compound sector.

Related Reports:

Wire and Cable Compound Market by Type (Halogenated, Non-halogenated), By Application (Building Wires, Power Cables, Submarine Cables, Communication Cables, Automotive Wiring), By End-use Industry (Construction, Power, Communication, Automotive), and Region – Global Forecast to 2030