Wire and Cable Market Trends, and Forecast, 2021-2031

Transparency Market Research29 Sep, 2022Other

Manufacturers in the wire and cable market are concentrating on essential applications in construction, telecommunication, and utilities industries to keep the economies running during the COVID-19 outbreak. Recycling black plastic waste is proving instrumental for stakeholders in the aerospace industry, as carbon nanotubes made from recycled plastic helps in the production of antennas for 5G networks that prevent incidence of electric shocks in spacecraft. However, recycling cable plastic is an issue in countries such as Russia where recycling facilities are not fully functional. Since recycling all plastic materials is not a feasible option, manufacturers should increase R&D to develop new materials in cable products that can be efficiently recycled.