Plastic-coated Wires Market

Plastic-coated Wires Market 

The plastic-coated steel wires market has maintained a steady Compound Annual Growth Rate (CAGR) of 6.98% since 2018, a trend expected to persist until 2027. Renowned for their robustness and longevity, these wires boast a thick plastic coating that enhances durability and resilience against breakage, making them ideal for electronic wiring applications.

Comprised of flexible wires crafted from metal alloy blends such as copper, aluminum, carbon, and various metal combinations, they serve as excellent coatings for PET, PVC, PE, and PA wires. These wires are enveloped in insulating materials and polymer resin-based jackets, ensuring optimal performance and reliability in diverse environments.

List of Companies

• Wire Works Friedr. Lötters GmbH & Co. KG (Germany)
• Gavitt Wire & Cable Company, Inc. (U.S.),
• Von Roll Holding AG (Switzerland),
• Precision Wires (India),
• American Spring Wire Corporation (U.S.),
• Carl Stahl Sava Ind. (U.S.),
• BetafenceNV (Belgium),
• KTS Wire Ltd (U.K.),
• Loos &Co. Inc. (U.S.),
• Bekaert (Belgium),
• Haver &Boecker OHG (Germany),
• -Ing. Meywald GmbH & Co. KG (Germany)

Segmentation analysis

By segment

The global plastic coated steel wire market is divided into the following segments:

• Polyvinyl chloride (PVC)
• Polyurethane (PE)
• Polyethylene terephthalate
• Polyamide
• Others

By substrate

The global plastic coated steel wire market is divided into the following substrates:

• Rounded copper wires
• Rounded stainless steel wires
• Rounded carbon wires
• Others

By application

The global plastic coated steel wire market can be used for the following applications:

• Electrical appliances: refrigerators, dishwashers, washing machines, computers, etc…
• Machine tools and equipment
• Medical tools and instruments
• Printing and paper
• Chain and brush
• Weaving wire
• Others

Plastic coated steel wires have played an integral role in safeguarding the environment. They can also protect people and animals from chemical attacks, and other natural and man-made hazards.

Regional analysis

The global plastic coated steel wire market can be divided into the following regions:

• The European Union
• North America
• The Middle East and North Africa (MENA)
• Latin America
• Asia-Pacific

Of all of these regions, the Asia-Pacific region had the lion’s share of the market as of 2018. Considering the fact that two nations with large populations - India and China - are urbanizing and industrializing rapidly.