Material segment performance in the global insulated wire and cable market.

The global insulated wire and cable market is expected to grow at a CAGR of 6.05% during the forecast period. Based on the material, the global insulated wire and cable market has been segmented into metal, plastic, and optical fiber.

Metals have conducting properties that make them an ideal choice for making wires for the transmission of electricity. Metal wires and cables are used significantly in sectors such as energy, aerospace, construction, and automotive. Metal wires are usually made of copper, surrounded by an insulating material. Insulated metal wires are used in all kinds of home appliances and the metal used in these wires include nickel-plated copper, silver-plated copper, or pure nickel.

Request for: Free Sample Report

Insulated copper wires are used in various applications such as power generation, power transmission, power distribution, telecommunication, electrical circuits, and electronic equipment. Electrical wiring in buildings is the most common use of insulated metal wires. Electrical wiring distributes electrical power inside residential, commercial, and industrial buildings as well as mobile homes and vehicles. The rapid construction of houses, office spaces, and other commercial spaces globally is expected to contribute to the growth of the metal segment of the global insulated wire and cable market during the forecast period.