According to the recent research report titled ‘Power Cable Materials Market in Asia Pacific - 2022 Edition’ available with MarketStudyReport, power cable materials market in Asia Pacific is likely to account for USD 6,069 million by 2028, progressing at a 5.3% CAGR throughout the forecast duration.

Increasing demand for wireless devices, advancements in technologies, and rising disposable income are some of the major factors driving the expansion of power cable materials market in Asia Pacific. For those unaware, a power cable is a type of electrical cable that is used to transmit electrical power. It could be hidden in the ground, run overhead, or exposed as permanent wiring within structures.

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The business report on the power cable materials market in Asia Pacific illuminates the trajectory of this business space through which investors and other stakeholders can increase their profits during the study duration. In addition, multiple segments of this business sphere are evaluated individually for their revenue and growth potential, followed by a thorough assessment of the competitive landscape. Additionally, critical data regarding the disruptions brought by the COVID-19 pandemic are also
mentioned for a more reliable forecast of the industry behavior over the given timeframe.

The power cable materials market in Asia Pacific is segmented based on materials type, voltage rating, end-user reach, and country-level analysis.

By material type, the marketplace is segmented into jacket materials and insulation materials. Among these, the insulation material sub-segment is divided into polyvinyl chloride (PVC), fluoropolymers, cross-linked polyethylene (XPE), ethylene-propylene rubber (EPR), and others. Even the jacket material market is categorized into polyvinyl chloride (PVC), thermoplastic polyurethane (TPU), polyethylene, and others.

On the basis of voltage rating, the market is bifurcated into high voltage (HV) cables, low voltage (LV) cables, extra-high voltage (EHV) cables, and medium voltage (MV) cables. Moving on to the end-user spectrum, this marketplace is segmented into buildings, oil and gas, industrial, power generation, transmission, and distribution, railway and rolling stock, and others.

The country-level bifurcation of the power cable materials industry in Asia Pacific spans across China, Korea, Japan, India, and the rest of Asia Pacific.

The leading companies defining the competitive landscape of Asia Pacific power cable materials industry consist of 3H Vinacom Co. Ltd., Avient Corporation, Asahi Kasei Corporation, Borouge Group, Hanwha Solutions Corporation, Formosa Plastics Corporation, HDC Hyundai EP Co. Ltd., Mitsui Chemicals Inc., LG Chem Ltd., Reliance Industries Limited, SCG Chemicals Co. Ltd., Sankhla Polymers (P) Ltd., Solvay S.A., The Kanoo Group, The Dow Chemical Company, Tosoh Corporation, Xinjiang Zhongtai Chemical Co. Ltd., and Xinjiang Tianye Group Co. Ltd. among others.