AMI Consulting have just published the new edition of its in-depth market report that analyses the use of polymeric materials in the European cables industry.
This niche but high value market saw an increase of 2.8% per year between 2016 and 2019. During this time, the problems suffered by the automotive sector offset the growth seen across other applications such as renewables or telecommunications. In 2020, the industry was negatively impacted by the COVID-19 pandemic, in particular during the first half of the year. However, the market has seen a strong beginning of 2021 and it is expected to reach pre-COVID levels despite the raw material sourcing issues faced across the supply chain early in the year. The future for cables in Europe looks bright as it is expected to grow at a faster rate between 2019 (pre-COVID levels) and 2025. Growth will be mainly driven by investment in infrastructure, construction and renewables.