Polypropylene Cables – Introduction
Polypropylene cables are used for insulation and jacketing of power and telecommunication cables. These cables are commonly used in the packaging industry. Polypropylene is considered the steel of plastics due to its versatility; it can be modified in countless ways to suit multiple applications. Due to its excellent electrical and thermal performance as well as environmentally friendly and recyclable cable insulation material, demand for the polypropylene cabled has increased.
Global Polypropylene Cables Market – Competitive Landscape
- In April 2018, ExxonMobil Company launched advanced an polypropylene series “Achieve”, featuring new products for use in various applications such as automotive parts, rigid packaging, nonwovens, and appliances
Founded in 1891, the Prysmian Group is headquartered in Milan, Italy. The company is a manufacturer and supplier of energy and telecommunication cables and systems with more than 82 production units and 17 R&D centers worldwide. The Prysmian Group is one of the leading European fiber optic cable manufacturing companies offering products for use in different industries such as telecommunication, marine, military & defense, and multimedia & enterprise network, among others.
Established in 2000, Nexans S.A. is headquartered in Paris, France. Nexans S.A. provides complete range of cable solutions and services to cater the diverse needs of their customers. The company provide cable and cabling solutions to power networks, rail transport, wind turbines, automation, and buildings with reliability and operational efficiency.
Founded in 1917, Leoni AG is headquartered in Nuremberg, Germany. Leoni AG is one of the global leading providers of cables, cable systems, wires, optical fibers, and related services to the electrical appliances industry and others.
Some of the significant players in the global market are Prysmian Group, Leoni, Shandong Guangxing, Sumitomo Electric, Furukawa, General Cable, Baosheng Group, Wanda Cable, Nexans, Dongying Taide, Far East Cable, Shandong Baoshida, and Anhui Huining, among others.
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Global Polypropylene Cables Market – Dynamics
The growth of the chemical and plastic industries has positively affected the market for polypropylene cables. Rise in demand for advanced electronic devices and increase in usage of polypropylene cables in various audio equipment are significant factors driving the polypropylene cables market. Polypropylene cables are widely used with electronic components such as wires and audio equipment. Nanodoping can efficiently enhance electrical, thermal, and mechanical characteristics of polypropylene, which offers advanced technique for solving temperature issues in HVDC cable insulation. Polypropylene has a comparatively elevated melting point as compared to polyethylene. Thus, it is used in wires that are required in high temperatures. Moreover, it has greater breakdown power and volume resistivity, which is of importance for raising a cable's working voltage level. Polypropylene cables, however, are brittle and rigid, and possess low heat resistance and heat conductivity. In addition, polypropylene has a strong tensile strength and hence, it can resist 4,800 psi in heavy loads. Polypropylene also has low density compared to other plastics.
Polypropylene cables are commonly used in automotive parts due to its low price, excellent mechanical characteristics, and moldability. Battery cases and trays, bumpers, fender liners, interior trim, instrument boards, and door trims are its main application areas. Other main characteristics of automotive applications of polypropylene cable include low linear thermal expansion coefficient and particular gravity, high chemical strength, and processability. North America is one of the largest markets for industrial automation.
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Global Polypropylene Cables Market – Segmentation
The global polypropylene cables market can be segmented based on:
- End-use Industry
Global Polypropylene Cables Market, by Type
In terms of type, the global polypropylene cables market can be divided into:
Global Polypropylene Cables Market, by End-use Industry
Based on end-use industry, the global polypropylene cables can be classified into:
- Power & Energy
- Oil & Gas
The report on the global polypropylene cables market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.