유럽의 전선 및 케이블용 플라스틱 시장 : 범위, 부문, 동향, 경쟁 분석(2021-2031년)

The Europe Wire and Cable Plastics Market is projected to grow significantly, reaching approximately US$ 3,512.75 million by 2031, up from US$ 2,191.33 million in 2023, reflecting a compound annual growth rate (CAGR) of 6.1% during this period.

Executive Summary and Market Analysis

The European market is witnessing substantial advancements across various sectors, particularly in automotive, electronics, and aerospace industries. The rollout of 5G infrastructure is a key driver for the demand for wire and cable plastics, as this technology necessitates robust electronic components to facilitate high-speed data transmission. High-speed communication cables, including fiber optics, require advanced plastic coatings that not only enhance data transmission efficiency but also protect against electromagnetic interference. Furthermore, the increasing adoption of smart devices and Internet of Things (IoT) technologies is further propelling the need for reliable cabling systems, which in turn drives the demand for innovative plastic materials.

In October 2024, the European Commission approved the second Work Programme for the digital segment of the Connecting Europe Facility (CEF) Digital, which outlines the objectives of EU-funded initiatives aimed at enhancing digital connectivity across the region. This initiative is set to receive approximately US$ 935 million (EUR 865 million) in funding from 2024 to 2027, emphasizing the importance of improving connectivity infrastructure to meet the EU's 2030 Digital Decade goals. By promoting both public and private investments, CEF Digital supports projects that enhance connectivity and deploy secure, sustainable, high-performance infrastructure, including Gigabit and 5G networks. Consequently, the demand for high-performance wire and cable plastics is on the rise throughout Europe.

The construction sector is another significant contributor to the wire and cable plastics market, accounting for about 9% of the region's GDP. In June 2023, the EU allocated around US$ 6 billion for the development of sustainable and efficient transport infrastructure, encompassing 107 projects. This investment is driving the demand for wire and cable plastics in the construction industry, particularly as infrastructure development and energy-efficient solutions become increasingly prioritized. The need for high-performance electrical wiring has surged due to ongoing investments in residential, commercial, and industrial projects. Plastics such as PVC, polyethylene, and cross-linked polyethylene (XLPE) are essential for insulating and protecting wires and cables, ensuring their durability, flexibility, and safety in various environments.

The automotive industry in Europe is also a major factor in the growing demand for wire and cable plastics, especially as the region shifts towards advanced manufacturing techniques and electric vehicle (EV) production. Europe is one of the largest automobile manufacturers globally, with the industry employing approximately 13.8 million people, representing 6.1% of total employment in the EU. According to the Organisation Internationale des Constructeurs d'Automobiles (OICA), EU automotive production rose to 4.2 million units in 2023, a 19% increase from 2022. Major automotive players, including Volkswagen AG, Stellantis NV, and Mercedes-Benz Group AG, are heavily investing in EV production. For instance, in February 2024, Stellantis and Mercedes-Benz announced a US$ 7.6 billion investment to establish three new EV gigafactories in the EU.

Europe's ambitious climate goals, aimed at significantly reducing greenhouse gas emissions, are further accelerating the growth of EV and battery production. With stringent EU regulations and a consumer shift towards environmentally friendly transportation, the adoption of EVs is rapidly increasing. Electric vehicles require extensive wiring systems for battery management, power distribution, and onboard electronics, necessitating lightweight and thermally stable plastics for insulation and protection. As EV production scales up, the demand for wire and cable plastics is expected to rise dramatically.

Urbanization and smart city initiatives are additional factors contributing to market growth. These projects involve the installation of advanced power distribution and communication systems, which rely heavily on high-performance cables. The transition towards sustainable energy systems, including the deployment of wind and solar energy, also requires extensive cabling infrastructure, where plastics play a crucial role in insulation and durability. Moreover, there is a growing interest in eco-friendly and bio-based plastic solutions for wire and cable applications, reflecting Europe's commitment to a circular economy.

Market Segmentation

The wire and cable plastics market is segmented by material, voltage, and end-use industry. By material, the market includes polyethylene, polyvinyl chloride (PVC), polypropylene, cross-linked polyethylene, thermoplastic elastomers, and others, with PVC holding the largest market share in 2023. In terms of voltage, the market is divided into low, medium, high, and extra-high, with the low voltage segment leading in market share. The end-use industries include construction, automotive, electrical & electronics, aerospace and defense, telecommunications, oil & gas, energy & power, and others, with construction being the largest segment in 2023.

Market Outlook

The growth of the building and construction industry is driven by the increasing need for infrastructure development, rising residential and commercial construction, and advancements in electrical systems. As the global population grows and urbanization accelerates, the demand for electricity and communication networks, which rely on efficient wire and cable systems, is surging. In Europe, countries like the UK, Austria, Italy, and France are experiencing significant population growth, leading to urgent housing needs. Governments and private developers are responding with extensive housing projects, necessitating a wide range of wires and cables to meet modern performance standards.

Country Insights

The Europe wire and cable plastics market includes key countries such as Germany, France, Italy, Russia, the UK, and others, with the Rest of Europe holding the largest market share in 2023. Countries like Spain, Austria, Poland, Portugal, the Netherlands, and Belgium are also significant players in this market, driven by a thriving electronics industry and substantial investments in urban modernization. The demand for wire and cable plastics is expected to continue growing as these nations enhance their infrastructure and construction capabilities.

Company Profiles

Key players in the market include Dow Inc, Exxon Mobil Corp, LyondellBasell Industries NV, Solvay SA, Borealis AG, BASF SE, Saudi Basic Industries Corp, LG Chem Ltd, Arkema SA, and Celanese Corp. These companies are pursuing various strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative products to consumers.

Table Of Contents

1. Introduction

• 1.1 Report Guidance
• 1.2 Market Segmentation

2. Executive Summary

• 2.1 Key Insights
• 2.2 Market Attractiveness

3. Research Methodology

• 3.1 Secondary Research
• 3.2 Primary Research
  • 3.2.1 Hypothesis formulation:
  • 3.2.2 Macroeconomic factor analysis:
  • 3.2.3 Developing base number:
  • 3.2.4 Data Triangulation:
  • 3.2.5 Country-level data:

4. Europe Wire and Cable Plastics Market Landscape

• 4.1 Overview
• 4.2 PORTER's Five Forces Analysis
  • 4.2.1 Threat of New Entrants:
  • 4.2.2 Bargaining Power of Suppliers:
  • 4.2.3 Bargaining Power of Buyers:
  • 4.2.4 Competitive Rivalry:
  • 4.2.5 Threat of Substitutes:
• 4.3 Ecosystem Analysis
  • 4.3.1 Raw Material Suppliers
  • 4.3.2 Wire and Cable Plastics Manufacturers
  • 4.3.3 Distributors/Suppliers
  • 4.3.4 Wire and Cable Manufacturers
  • 4.3.5 End-Use Industry
  • 4.3.6 List of Vendors in the Value Chain

5. Europe Wire and Cable Plastics Market - Key Market Dynamics

• 5.1 Market Drivers
  • 5.1.1 Rising Demand from Energy & Power Industry
  • 5.1.2 Growing Building and Construction Industry
• 5.2 Market Restraints
  • 5.2.1 Fluctuations in Raw Material Prices and Harmful Environmental Impact of Plastic Use
• 5.3 Market Opportunities
  • 5.3.1 Robust Telecommunication Infrastructure Expansion
• 5.4 Future Trends
  • 5.4.1 Increasing Focus on Recycling and Bio-Based Materials
• 5.5 Impact of Drivers and Restraints:

6. Wire and Cable Plastics Market - Europe Market Analysis

• 6.1 Europe Wire and Cable Plastics Market Volume (Kilo Tons), 2021-2031
• 6.2 Europe Wire and Cable Plastics Market Volume Forecast and Analysis (Kilo Tons)
• 6.3 Europe Wire and Cable Plastics Market Revenue (US$ Million), 2023-2031
• 6.4 Europe Wire and Cable Plastics Market Forecast and Analysis

7. Europe Wire and Cable Plastics Market Volume and Revenue Analysis - by Material

• 7.1 Polyethylene
  • 7.1.1 Overview
  • 7.1.2 Polyethylene: Europe Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
  • 7.1.3 Polyethylene: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
  • 7.1.4 HDPE
    • 7.1.4.1 Overview
    • 7.1.4.2 HDPE: Europe Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
    • 7.1.4.3 HDPE: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
  • 7.1.5 LDPE
    • 7.1.5.1 Overview
    • 7.1.5.2 LDPE: Europe Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
    • 7.1.5.3 LDPE: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
  • 7.1.6 OthersPE
    • 7.1.6.1 Overview
    • 7.1.6.2 OthersPE: Europe Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
    • 7.1.6.3 OthersPE: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 7.2 Polyvinyl Chloride
  • 7.2.1 Overview
  • 7.2.2 Polyvinyl Chloride: Europe Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
  • 7.2.3 Polyvinyl Chloride: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 7.3 Polypropylene
  • 7.3.1 Overview
  • 7.3.2 Polypropylene: Europe Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
  • 7.3.3 Polypropylene: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 7.4 Cross-Linked Polyethylene
  • 7.4.1 Overview
  • 7.4.2 Cross-Linked Polyethylene: Europe Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
  • 7.4.3 Cross-Linked Polyethylene: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 7.5 Thermoplastic Elastomers
  • 7.5.1 Overview
  • 7.5.2 Thermoplastic Elastomers: Europe Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
  • 7.5.3 Thermoplastic Elastomers: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 7.6 HFFR Materials
  • 7.6.1 Overview
  • 7.6.2 HFFR Materials: Europe Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
  • 7.6.3 HFFR Materials: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 7.7 Others
  • 7.7.1 Overview
  • 7.7.2 Others: Europe Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
  • 7.7.3 Others: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. Europe Wire and Cable Plastics Market Revenue Analysis - by Voltage

• 8.1 Low
  • 8.1.1 Overview
  • 8.1.2 Low: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 8.2 Medium
  • 8.2.1 Overview
  • 8.2.2 Medium: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 8.3 High
  • 8.3.1 Overview
  • 8.3.2 High: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 8.4 Extra-high
  • 8.4.1 Overview
  • 8.4.2 Extra-high: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. Europe Wire and Cable Plastics Market Revenue Analysis - by End-use Industry

• 9.1 Construction
  • 9.1.1 Overview
  • 9.1.2 Construction: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 9.2 Automotive
  • 9.2.1 Overview
  • 9.2.2 Automotive: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 9.3 Electrical and Electronics
  • 9.3.1 Overview
  • 9.3.2 Electrical and Electronics: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 9.4 Aerospace and Defense
  • 9.4.1 Overview
  • 9.4.2 Aerospace and Defense: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 9.5 Telecommunications
  • 9.5.1 Overview
  • 9.5.2 Telecommunications: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 9.6 Oil and Gas
  • 9.6.1 Overview
  • 9.6.2 Oil and Gas: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 9.7 Energy and Power
  • 9.7.1 Overview
  • 9.7.2 Energy and Power: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
• 9.8 Others
  • 9.8.1 Overview
  • 9.8.2 Others: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. Europe Wire and Cable Plastics Market - Country Analysis

• 10.1 Europe
  • 10.1.1 Europe Wire and Cable Plastics Market Revenue and Forecast and Analysis - by Country
    • 10.1.1.1 Europe Wire and Cable Plastics Market Volume and Forecast and Analysis - by Country
    • 10.1.1.2 Europe Wire and Cable Plastics Market Revenue and Forecast and Analysis - by Country
    • 10.1.1.3 Germany: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
      • 10.1.1.3.1 Germany: Europe Wire and Cable Plastics Market Share - by Material
      • 10.1.1.3.2 Germany: Europe Wire and Cable Plastics Market Share - by End-use Industry
    • 10.1.1.4 France: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
      • 10.1.1.4.1 France: Europe Wire and Cable Plastics Market Share - by Material
    • 10.1.1.5 Italy: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
      • 10.1.1.5.1 Italy: Europe Wire and Cable Plastics Market Share - by Material
      • 10.1.1.5.2 Italy: Europe Wire and Cable Plastics Market Share - by Voltage
      • 10.1.1.5.3 Italy: Europe Wire and Cable Plastics Market Share - by End-use Industry
    • 10.1.1.6 United Kingdom: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
      • 10.1.1.6.1 United Kingdom: Europe Wire and Cable Plastics Market Share - by Material
    • 10.1.1.7 Russia: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
      • 10.1.1.7.1 Russia: Europe Wire and Cable Plastics Market Share - by Material
    • 10.1.1.8 Rest of Europe: Europe Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
      • 10.1.1.8.1 Rest of Europe: Europe Wire and Cable Plastics Market Share - by Material

11. Competitive Landscape

• 11.1 Heat Map Analysis by Key Players
• 11.2 Company Positioning & Concentration

12. Industry Landscape

• 12.1 Overview
• 12.2 Product Launch
• 12.3 Expansions and Other Strategic Developments

13. Company Profiles

• 13.1 Dow Inc
  • 13.1.1 Key Facts
  • 13.1.2 Business Description
  • 13.1.3 Products and Services
  • 13.1.4 Financial Overview
  • 13.1.5 SWOT Analysis
  • 13.1.6 Key Developments
• 13.2 Exxon Mobil Corp
  • 13.2.1 Key Facts
  • 13.2.2 Business Description
  • 13.2.3 Products and Services
  • 13.2.4 Financial Overview
  • 13.2.5 SWOT Analysis
  • 13.2.6 Key Developments
• 13.3 LyondellBasell Industries NV
  • 13.3.1 Key Facts
  • 13.3.2 Business Description
  • 13.3.3 Products and Services
  • 13.3.4 Financial Overview
  • 13.3.5 SWOT Analysis
  • 13.3.6 Key Developments
• 13.4 Solvay SA
  • 13.4.1 Key Facts
  • 13.4.2 Business Description
  • 13.4.3 Products and Services
  • 13.4.4 Financial Overview
  • 13.4.5 SWOT Analysis
  • 13.4.6 Key Developments
• 13.5 Borealis AG
  • 13.5.1 Key Facts
  • 13.5.2 Business Description
  • 13.5.3 Products and Services
  • 13.5.4 Financial Overview
  • 13.5.5 SWOT Analysis
  • 13.5.6 Key Developments
• 13.6 BASF SE
  • 13.6.1 Key Facts
  • 13.6.2 Business Description
  • 13.6.3 Products and Services
  • 13.6.4 Financial Overview
  • 13.6.5 SWOT Analysis
  • 13.6.6 Key Developments
• 13.7 Saudi Basic Industries Corp
  • 13.7.1 Key Facts
  • 13.7.2 Business Description
  • 13.7.3 Products and Services
  • 13.7.4 Financial Overview
  • 13.7.5 SWOT Analysis
  • 13.7.6 Key Developments
• 13.8 LG Chem Ltd
  • 13.8.1 Key Facts
  • 13.8.2 Business Description
  • 13.8.3 Products and Services
  • 13.8.4 Financial Overview
  • 13.8.5 SWOT Analysis
  • 13.8.6 Key Developments
• 13.9 Arkema SA
  • 13.9.1 Key Facts
  • 13.9.2 Business Description
  • 13.9.3 Products and Services
  • 13.9.4 Financial Overview
  • 13.9.5 SWOT Analysis
  • 13.9.6 Key Developments
• 13.10 Celanese Corp
  • 13.10.1 Key Facts
  • 13.10.2 Business Description
  • 13.10.3 Products and Services
  • 13.10.4 Financial Overview
  • 13.10.5 SWOT Analysis
  • 13.10.6 Key Developments

14. Appendix

• 14.1 About The Insight Partners