Polypropylene Cables Market Size, Share, Growth, and Industry Analysis, By Type (Multi-Mode and Single-Mode), By Application (Submarine, Power, Oil & Gas, Automobile and Others) and Regional Forecast to 2032

Updated On: 02 September 2024

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POLYPROPYLENE CABLES MARKETREPORT OVERVIEW

The Global Polypropylene Cables Market size was USD 362 million in 2022 and the market is projected to touch USD 839.33 million by 2032, exhibiting a CAGR of 8.7% during the forecast period.

Polypropylene cables (PP cables) are being worked out as new generation cables which generally employ polypropylene as the insulation material to be used in medium voltage power transmission as an alternative to the XLPE cables. However, polypropylene is a thermoplastic product that has some merits of environmental consequences. It can be recycled to its original state one hundred per cent while XLPE is a product of thermosets that cannot be recycled. This makes PP cables a better solution because they require less money, time and other resources to use in our system in comparison to other materials. The production of PP cables is more efficient both in terms of consumed energy and cost in comparison with XLPE due to the absence of the crosslinking and degassing steps. Furthermore, PP cables possess above-average electrical characteristics which are even slightly superior to the properties of XLPE cables and are capable of functioning under elevated temperatures, 110°C under regular use and 130°C under emergency conditions. They also provide much higher water treeing retardation levels, thus decreasing the probability of electrical treeing and improving the durability of cables.

However, these advantages are accompanied by several drawbacks due to the stiffness of this material, which gives rise to the question of the advisability of using PP cables, as they are not very flexible. To address this, there are ethylene-copolymerized polypropylene compounds that enhance the flexibility of the compounds used in the wire and cable industry. Furthermore, polypropylene is again inferior to polyethene in terms of flame retardance, chemical, wear and UV resistances, though they can be enhanced by incorporating suitable additives and compounds. This means that Prysmian Cable Systems has been a pioneer in this cable technology and has used and been involved with PP cable technology by installing more than 50000 km of medium voltage, PP cables from the year 2006 and high voltage DC PP cables that can transmit up to 600 KV. These continue to denote the possibility that PP cables can be taken as a standard in the industry as they offer both environment-friendly solutions as well as high performance.

"COVID-19 Impact: Pandemic has led to disruptions in supply chains and this has limited market expansion"

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The pandemic has affected the market regarding supply chain disruptions that have taken place over time. Lockdowns, restrictions on travel and other containment measures were also challenges that many organizations encountered. This led to a disrupted supply chain, interrupted production and a lack of finished goods in the market. Economic challenges such as limited transportation and labor availability compounded the problem and led to several supply chain challenges. As a result, it became more expensive and time-consuming for businesses to acquire supplies and materials to meet the demands of customers and ultimately foster smooth business operations. It revealed that the unprecedented disruption of supply chains and the halt of operations were highly problematic during crises.

LATEST TRENDS

"Growing consumption of recyclable and polypropylene compounds derived from biological resources to fuel the market "

There are new developments in polypropylene cable insulation material using plastic material recycling of plastics material and use of bio additives. Some of the companies therein utilize recycled polypropylene that helps in the preservation of waste plastic as most of the virgin products are used accordingly reducing the carbon footprint. Polypropylene compounds are thus produced for incorporation of additives coming from renewable raw materials such as plant oils and starch instead of those derived from petroleum. The modifications that were done to the green of the polypropylene material are not only focused on the ability to recycle the material and make it more stable but also even enhance the electrical and mechanical performance of the material as well. Hence, this approach that forms the basis of the financing contributes to the implementation of the circular economy and contains adverse environmental impacts associated with cable production. Therefore, the more widely used polypropylene divides include recyclable polypropylene and bio-based polypropylene resulting from the rising emphasis placed on the creation of a sustainable manufacturing process.

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POLYPROPYLENE CABLES MARKET SEGMENTATION

"By Type"

Based on type the global market can be categorized into Multi-Mode and Single-Mode.

"Multi-Mode": Multi-mode polypropylene cables are capable of transmitting multiple light modes which makes its ability to transmit signal shorter distance transmission possible. They are cheap and can be used in LAN/WAN installations. Multi-mode cables have bigger core sizes because they can support multiple light modes. These cables are recommended for usage, where the transmission signals must have high data rates in short interconnect distances. These cables are in extensive use in varied fields, including telecommunication, power distribution, and automotive industries.

"Single-Mode": These single-mode polypropylene cables control the light through a single fiber, thereby facilitating its transmission over large distances without much attenuation. The single-mode cables have a smaller core diameter than the multi-mode cables, which enables more precise focusing of the light signal. Single-mode polypropylene cables are largely employed in applications such as long-haul telecommunications and internet backbones, as well as high-speed data transmission. These cables are capable of providing higher bandwidths and lower attenuations thus making them important in transmitting high-voltage power for long distances. Most single-mode polypropylene cables are employed in many industries such as telecommunications, power transmission and aerospace.

"By Application"

Based on application the global market can be categorized into Submarine, Power, Oil & Gas, Automobile and Others.

"Submarine": Polypropylene cables in submerged cables are used to transmit electrical signals and power to submarines and other underwater structures. In its various forms, it is applied in submarine communication systems which support fast data transfer over very large distances. These cables play important roles in keeping the whole world connected through reliable telecommunications infrastructure. Submarine polypropylene cables also apply in the underwater electrical transmission of power since they enable the transmission of electric power over great distances. The need for submarine polypropylene cables arises from rising trends in the need for better communication structures.

"Power": Power polypropylene cables are employed in power transmission and distribution networks and distribution of power to consumers. They are made to handle high voltage and current ranges for usage in the transmission of power across long distances. There are many uses of power polypropylene cables these include power generation, transmission and distribution applications. All these cables are essential for the stability of the grid as well as for delivering a constant power supply to its customers. This signifies that the high demand for power polypropylene cables stems from the need to improve power transmission and distribution networks.

"Oil & Gas": Oil & gas polypropylene cables are also popular by the companies in the field of oil & gas industry in the drills, production and transportation of the products. They are designed to operate under harsh situations and high temperatures, which are often associated with the use of oil and gas. Oil and gas polypropylene cables are widely employed in subsea facilities to support communication and power transmission. These cables are vital for the functionality safety and dependability of oil and gas industries. The need for oil and gas polypropylene cables is due to the increasing concern for better or enhanced communication and power supply in the oil and gas industry.

"Automobile": Polypropylene automobile cables are designed for usage in the automobile industry in various connections, including electrical connections, ignition connections as well as power connections. They are also resistant to high temperatures and vibrations and hence can be used in vehicles. Automobile polypropylene cables are employed in engine management applications, lighting and infotainment systems. These cables are vital for the safety and proper functioning of vehicles that are involved in road transport. Automobile polypropylene cables are in high demand due to their efficiency in their functions as electrical systems in automobiles continue to grow.

"Others": Other polypropylene cables include different applications, including industrial automation, medical applications and aerospace uses. They are made to endure various environmental conditions which they used in several industries in determining communication and electrical power. These cables play an important role in ensuring the safety and functionality of numerous sectors most especially in industrial and commercial uses. The demand for other polypropylene cables is on the rise because of the continuing demand for reliable and efficient communication and power transmission in the industries.

DRIVING FACTORS

"Increasing usage in the automotive industry to boost the growth of the market"

The automotive industry has needed lightweight and high mechanical performance polymers greatly affecting the global Polypropylene Cables Market growth of advanced materials such as polypropylene. As for the batteries in electric vehicles (EVs) and other automotive systems, lightweight structures are of paramount importance in increasing the driving range and energy density. This demand is fulfilled by polypropylene because this material is characterized by a high ratio of strength to weight. Further, due to its high-performance properties, it exhibits excellent chemical resistance as well as thermal stability and can be used in various automotive applications such as battery covers, interior trim panels and under-hood parts. This is further compounded by the use of electric and hybrid cars where manufacturers require materials that add further efficiency to a car in terms of its environmental impact. This has led to the increased use of polypropylene in the automobile industry as the quest for more environmentally sound solutions by the industry fuels the market.

"Technological development and innovation in the market provide more opportunity"

Polypropylene cables are progressing continually with technological advancement in the cables and consistent research in this field. The use of shielding methods which are one of the primary focus areas is being optimized to ensure that the cables can directly withstand interferences for smooth functioning in several scenarios. The integration of nanomaterialization can be considered as an important advancement because nanocomposites are gradually used for enhancing mechanical, thermal and electrical characteristics which helps in enhancing the life and functionality of cables. Furthermore, incorporating flame-retardant additives effectively tackles some key safety issues since it reduce fire hazards and raises overall safety levels. These developments all enhance the usage and reliability of polypropylene cables making them essential in a wide variety of applications that include telecommunications, power applications and much more. Since research goes on and innovative technologies are developed, the ways to advance in terms of reliability and efficiency while simultaneously minimizing the safety threats are thus still quite open in the case of the technology.

RESTRAINING FACTORS

"Market is restricted in some application areas because of high production costs for high-quality materials"

High production costs of polypropylene cables remain a major issue limiting its uptake, especially in applications that require high-quality cables. These increased costs are due to the costs of raw materials, manufacturing operations and exercising quality standards. Such polypropylene materials are sold at relatively high costs for several reasons such as enhanced and sustainable physical performance during use. Furthermore, specialized production mechanisms essential for high-quality production costs make up general production costs. Therefore, these costs may limit the number of applications for polypropylene cables in some industries where affordability is a major issue. However, there are some drawbacks, which prevent them from being used more broadly, which as the cost of these materials, as well as their electrical characteristics, corrosion resistance, and flexibility. To overcome this challenge, continued efforts aiming at improving the production processes, searching for lower-cost solutions and better supply chain management practices need to be applied to make cost-effective and high-performing polypropylene cables available for the intended application.

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POLYPROPYLENE CABLES MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"Asia Pacific dominates the market due to increasing demand in the power and communications sectors "

Asia Pacific holds the global Polypropylene Cables Market share and the demand for these cables in the power and communication sector is increasing. Here are some of the critical factors that have fueled this trend. Firstly, the region is experiencing rapid economic growth and industrialization puts pressure on infrastructure, especially on power cables and communication networks where polypropylene cables provide affordable and efficient cables. Furthermore, the growth of electricity demand and the spread of digital technology are other factors that enhance the need for quality and durable cables. Furthermore, policies that encourage and provide funding for the construction of new networks are advancing the use of polypropylene cables in the region. Therefore, the region’s market for these cables has experienced tremendous growth in the rate of momentum, due to the importance of these cables in meeting the electrical power and enabling the communication networks that are crucial for the further socio-economic development of the region.

KEY INDUSTRY PLAYERS

"Key industry players are increasingly focusing on the enhancement of the market through increased funding of research programs"

Key industry players are continuously engaging in research and development to improve both the performance and longevity of their cables. One of the specific things still under consideration relates to employing recycled polypropylene materials and the incorporation of nanomaterials. Industry players use post-industrial recycled polypropylene in production to tackle environmental issues while possibly cutting costs. This approach also helps to support the circular economy concepts by incorporating post-consumer or post-industrial waste. Furthermore, when it comes to cable design, there are also major improvements with the inclusion of nanomaterials. Nanoparticles improve the mechanical, thermal and electrical performances of the cable resulting in a durable, long-lasting and energy-saving product. All of these innovations not only fill the need for modern environmentally friendly solutions but also increase the reliability and security of power and communication systems. Since industry giants around the world are paying more attention to sustainable development and technological innovation, the Polypropylene Cables Market is bound to have a brighter future and more innovations.

"List of Market Players Profiled"

• Sumitomo Electric (Japan)
• Furukawa (Japan)
• Far East Cable (China)
• Baosheng Group (China)
• Wanda Cable (China)
• Dongying Taide (China)
• Shandong Guangxing (China)
• Shandong Baoshida (China)
• Anhui Huining (China)
• General Cable (U.S.)
• Leoni (Germany)
• Prysmian Group (Italy)
• Nexans (France)

INDUSTRIAL DEVELOPMENT

January 2024: Telstra partners with Prysmian to expand optical cable manufacturing in Australia, enhancing connectivity. Prysmian invests in advanced, sustainable technology to produce fibre optic cables for Telstra's intercity fibre network, aiming to reduce environmental impact. The project, led by Telstra InfraCo, responds to growing demands for digital networks, ensuring connectivity for over 20 years. Prysmian's investment focuses on Australian-based R&D and manufacturing, supporting the rollout of high-capacity, low-latency fibre networks across the country.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.