Automotive Wire and Cable Materials Market: Trends, outlook and Opportunity Analysis 2019
Wires and cables are indispensible components of the modern automotive industry. Wires and cables are used virtually in all applications in a vehicle. Engine, transmission, braking, lights, air conditioners, seat heaters and various dashboard applications such as speedometer and fuel meter, all require wires and cables to function. Cables are generally considered to be a collection of individually insulated wires in a twisted form, jacketed together. However, there are no clear demarcations where a wire transforms to cable in the automotive industry. An 8AWG is often considered a wire, whereas a 6AWG (larger cross-section) might be referred to as a cable. Applications of cables and wires in automotives have increased exponentially with time, with the advancement of new technologies and customer aspirations. The automotive wire and cable materials market is directly influenced by the automotive demand. The market is driven by the high demand for personal vehicles and commercial vehicles in Asia Pacific market as well as the gradually reviving U.S. economy. Moreover new technologies and innovative applications in vehicles have lead to the utilization of more wire and cable materials per car. The U.S. government initiative to promote electric and hybrid vehicles is also expected to boost demand for automotive wire and cable materials as the consumption of wires is slightly more in a similar sized electric vehicle compared to a vehicle running on conventional petroleum fuel. Obtain Report Details @ http://www.transparencymarketresearch.com/automotive-wire-cable-materials.html The automotive wire and cable materials could be segregated into PVC, XLPE, TPU, PPE and other materials such as silicone and EBR by product types. PVC and XLPE wire and cable insulation materials are the most used product types owing to their favorable physical characteristics and applicability over a wide temperature range. However some OEMs such as General Motors have phased out the usage of PVC materials in their cars due to the toxic effects of PVC and recyclability issues. Although PVC insulated wire and cable are still used, its popularity has decreased paving way for other insulating materials such as XLPE and PPE. Introduction and commercialization of bio based plasticizers for the manufacturing of PVC is an