Global Automotive Wire and Cable Materials Market to be Led by Asia Pacific: Transparency Market Research
By Business Wire News
By Business Wire News
According to a new report released by Transparency Market Research, the global automotive wire and cable materials market will be boosted by the rapid growth of the automobile industry worldwide. The report is titled “Automotive Wire and Cable Materials Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”.
The report states that the increase in applications of in-vehicle wiring and government approvals for electric and hybrid cars will fuel the growth of the global automotive wire and cable materials market. However, the usual processes used for the disposal of automotive wires and cables are detrimental to the environment and this is expected to hamper the growth of the market. The report points out that the introduction of bio-based plasticizers will reduce the environmental threat posed by traditional plasticizers, thereby creating a huge opportunity for the global automotive wire and cable materials market.
Depending upon the product type, polyvinyl chloride (PVC), thermoplastic polyurethane (TPU), cross linked polyethylene (XPLE), polyphenylene ether (PPE) and others are the broad product categories of the market. Geographically, the report segments the global automotive wire and cable materials market into four key regions: Asia Pacific, North America, Europe and Rest of the World.
Owing to the growing demand for vehicles from countries such as Indonesia, Malaysia, China, and India, the Asia Pacific region accounts for the majority share in the global automotive wire and cable materials market. North America follows Asia Pacific in terms of consumption. The report mentions that the decline in automotive demand in Europe will slow down the growth of the automotive wire and cable materials market in this region.
- Wire and Cable Materials Market:http://www.transparencymarketresearch.com/wire-cable-materials-market.html
- South Africa Wire and Cable Market:http://www.transparencymarketresearch.com/south-africa-wire-cable-market.html
About Transparency Market Research
Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.