https://www.tongda-wirecable.com/product-category/mineral-insulated-copper-cable.html
The cable material market is expected to reach USD 20.1 billion by 2035, growing at a CAGR of 6.2%, according to FMI.
In the United States, demand for high-performance cables is rising across telecommunications, power transmission, and industrial sectors. This growth is driven by the rapid rollout of 5G networks, expanding renewable energy projects, and progress in electric vehicle (EV) manufacturing. Additionally, increased investment in smart grid systems and data centers is boosting the need for strong and efficient cable materials. The presence of leading cable producers and the shift toward sustainable, recyclable insulation materials are also contributing to market expansion. From 2025 to 2035, the U.S. cable materials market is expected to grow at a CAGR of 6.5%.
Market Trends and Key Growth Drivers
The cable material market is rapidly evolving, with a strong focus on innovation in electrical wire and cable materials as we head into 2025. Several major factors are fueling this growth:
Growing Demand for Flame-Retardant Sheathing – Safety concerns are pushing industries to adopt flame-retardant cable coatings to reduce fire risks. These materials are increasingly used across residential, commercial, and industrial sectors.
Further reading:
Advanced Materials for Underground and Submarine Cables – The rise of deep-sea power transmission and underground grid projects is increasing the need for heat-resistant, durable materials that can withstand harsh conditions.
Expansion of Polymer-Based Insulation – New developments in polymer sheathing, along with a growing preference for thermosetting and thermoplastic materials, are boosting the market. Thermoplastics like PE and PVC are especially popular for their flexibility, affordability, and long service life.
Use of Thermoplastics and Elastomers in Cable Production – As thermosetting and thermoplastic materials become more important, elastomers such as ethylene propylene rubber (EPR) and silicone rubber are gaining attention for their excellent heat resistance and insulating capabilities.
Shift Toward Recyclable Insulation Materials – With increasing environmental concerns, manufacturers are moving toward recyclable and eco-friendly insulation options. Low-smoke, zero-halogen (LSZH) materials are expected to grow in use due to their ability to limit toxic emissions during fires.
According to Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI), “The cable materials market is set for steady growth, supported by smart grid development, 5G expansion, and demand for energy-efficient cables. There’s also a strong move toward lightweight, high-performance materials like advanced polymers and composites. As sustainability standards tighten, recyclable and biodegradable options will gain more attention. Future opportunities will come from new technologies in power transmission, transportation electrification, and infrastructure development in emerging markets.”
Final Thoughts
The renewable energy revolution is more than just a trend—it's a fundamental shift in how the world generates and consumes power. For the wire and cable industry, this shift represents significant opportunities for growth, innovation, and sustainability. Companies that adapt to these evolving demands—by investing in advanced materials, smarter systems, and greener production—will be best positioned to lead in the new energy era.
Comments
0