Wire and Cable Materials Market

  Wire and Cable Materials Market: Introduction The global  wire and cable materials market  was valued over US$ 124.2 Bn in 2019. It is anticipated to expand at a CAGR of 4.5 % during the forecast period. The global wire and cable materials market is driven by increase in the demand for wire and cable materials in building & construction, telecommunication, and automotive industries across the globe. The global population is estimated to increase from 6.4 billion in 2005 to 8.2 billion by 2030. The construction industry in Asia Pacific is projected to expand at a rapid pace during the forecast period. In China, residential construction is expected to expand at a sluggish, but steady pace. Residential and non-residential construction sectors are expected to expand at a considerable pace. In 2019, National Development and Reform Commission of the People's Republic of China approved 26 infrastructure projects with a total expected investment of US$ 142 Bn. The Gover...