Building and automotive industry demand growth is the main factor to promote the stable development of power cable market. Especially in the Asia-Pacific region, the Middle East and Africa region is expected to usher in the next five years higher than the global average growth rate, especially in China, India, Saudi Arabia and other emerging markets.
From the end application market, the construction industry will become the largest terminal application market. In addition, the development of communications, automotive and power markets and the rapid development of infrastructure in emerging economies will also drive steady growth in this market.
From the regional market, the Asia-Pacific region is expected to become the fastest growing regional market, emerging countries, rapid economic development and the rise of the construction industry will promote demand growth in the Asia-Pacific region.
From the material point of view, halogenated polymer will become the fastest growing composite materials, mainly for power cable insulation and sheathing materials.
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