Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Wire And Cable Material Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Automotive Wire And Cable Material Market?
The market size of the Automotive Wire And Cable Material Global Market Report 2025 has seen a significant increase in recent years. In terms of monetary value, the market is expected to expand from $5.14 billion in 2024, reaching up to $5.47 billion in 2025. The compound annual growth rate (CAGR) being projected for this market is 6.5%.
What Is the Forecasted CAGR for the Automotive Wire And Cable Material Market by 2029?
The Automotive Wire And Cable Material Global Market Report 2025 forecasts that by 2029, the market is projected to be worth $7.15 billion, growing at a compound annual growth rate (CAGR) of 6.9%.
Download the Free Sample Now:
What Are the Market Drivers in the Automotive Wire And Cable Material Industry?
The key drivers in the automotive wire and cable material market are:
• Development of new materials with enhanced properties
• Innovations in electric and hybrid vehicle technology
• Adoption of standards for electric vehicle charging infrastructure
• Growth in autonomous and connected vehicle technologies
What Is the Segment-Wise Breakdown of the Automotive Wire And Cable Material Market?
The automotive wire and cable material market covered in this report is segmented –
1) By Type: Polyvinyl Chloride (PVC), Polypropylene (PP), Cross-Linked Polyethylene (XLPE), Thermoplastic Polyurethane (TPU), Polyphenylene Ether (PPE), Other Types
2) By Component: Connectors, Terminals, Wires, Other Components
3) By Application: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
Explore the Complete Market Report:
Which Emerging Trends Are Driving Growth in the Automotive Wire And Cable Material Sector?
The key trends in the automotive wire and cable material market are:
• The development of new materials with enhanced properties is a growing trend.
• Innovations in electric and hybrid vehicle technology continue to shape the market.
• The adoption of standards for electric vehicle charging infrastructure is an emerging trend.
• The growing need for high-speed data transmission and use of recyclable materials is impacting the market.
Which Companies Are Dominating the Automotive Wire And Cable Material Market in Terms of Revenue?
Major players in the automotive wire and cable material market are:
• ExxonMobil Chemical Limited
• Reliance Industries Limited
• BASF SE
• Saudi Basic Industries Corporation (SABIC)
• LyondellBasell Industries Holdings BV
• LG Chem Ltd.
• INEOS Group Holdings S.A.
• Sumitomo Chemical Co. Ltd.
• Shin-Etsu Chemical Co. Ltd.
• Braskem S.A.
• Lotte Chemical Corporation
• Westlake Chemical Corporation
• DuPont de Nemours Inc.
• Mitsui Chemicals Inc.
• Celanese Corporation
• IRPC Public Company Limited
• Lubrizol Corporation
• Kuraray Co. Ltd.
• Borealis AG
• Teknor Apex Company
What Are the Regions Driving Demand in the Automotive Wire And Cable Material Market?
Asia-Pacific was the largest region in the automotive wire and cable material market in 2024
