The automotive wire and cable material market size has grown strongly in recent years. It will grow from $5.47 billion in 2025 to $5.85 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to automotive electrification growth, pvc insulation dominance, wiring harness standardization, passenger vehicle demand, material availability.
The automotive wire and cable material market size is expected to see strong growth in the next few years. It will grow to $7.66 billion in 2030 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to electric vehicle penetration, advanced safety requirements, lightweight vehicle design, high-voltage wiring demand, smart vehicle connectivity. Major trends in the forecast period include growing demand for high-temperature materials, expansion of ev wiring systems, adoption of lightweight insulation materials, focus on fire-resistant cables, integration of data and power cables.
The growth of the automotive wire and cable material market is expected to be driven by the increasing demand for electric vehicles. Electric vehicles (EVs), powered by electric motors and rechargeable batteries, are gaining popularity due to factors such as government policies promoting clean energy, advancements in battery technology, and heightened awareness of environmental issues. Automotive wires and cables play a crucial role in transmitting power and data within EVs, ensuring efficient and safe operation across batteries, motors, and electronic systems. For example, in July 2023, the International Energy Agency reported a 25% increase in electric car sales compared to the first quarter of 2022, with over 2.3 million units sold. Sales are projected to reach 14 million by the end of 2023, marking a 35% annual growth and further boosting the automotive wire and cable material market.
Leading companies in the automotive wire and cable material sector are focusing on innovation, particularly in insulation materials for high-voltage cables, to enhance durability, thermal resistance, and overall efficiency in automotive electrical systems. Insulation materials for high-voltage cables provide protective coverage for conductive components, ensuring safe electricity transmission and protection against external elements. For instance, in March 2023, Shin-Etsu Chemical introduced KE-5641-U, a silicone rubber optimized for molding as insulation covering material in high-voltage automotive cables. This new silicone rubber offers improved flexibility and reduced weight, achieving a top-level dielectric withstand voltage (DWV) of 40 kV per mm, surpassing previous products' performance. It excels in heat and cold resistance, weather durability, flame retardancy, and long-term reliability, surpassing non-silicone alternatives and supporting the advancement of automotive electrical systems.
In December 2023, GEON Performance Solutions, a US-based manufacturer specializing in performance polymer solutions, acquired Polymax TPE for an undisclosed sum. This strategic acquisition is designed to broaden GEON's product portfolio and strengthen its market position in thermoplastic elastomer (TPE) sector. By incorporating Polymax TPE's expertise and product offerings, GEON aims to enhance its innovation capabilities and provide enhanced customer solutions within the polymer industry. Polymax TPE, also based in the US, specializes in manufacturing thermoplastic elastomers utilized in various applications, including automotive wires and cables.
Major companies operating in the automotive wire and cable material market report include ExxonMobil Chemical Limited, Reliance Industries Limited, BASF SE, Saudi Basic Industries Corporation (SABIC), LyondellBasell Industries Holdings BV, LG Chem Ltd., INEOS Group Holdings S.A., Sumitomo Chemical Co. Ltd., Shin-Etsu Chemical Co. Ltd., Braskem S.A., Lotte Chemical Corporation, Westlake Chemical Corporation, DuPont de Nemours Inc., Mitsui Chemicals Inc., Celanese Corporation, IRPC Public Company Limited, Lubrizol Corporation, Kuraray Co. Ltd., Borealis AG, Teknor Apex Company.
Asia-Pacific was the largest region in the automotive wire and cable material market in 2025. The regions covered in the automotive wire and cable material market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive wire and cable material market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive wire and cable material market consists of sales of copper, nylon, fluoropolymers, and silicone. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The automotive wire and cable material market size is expected to see strong growth in the next few years. It will grow to $7.66 billion in 2030 at a compound annual growth rate (CAGR) of 7%. The growth in the forecast period can be attributed to electric vehicle penetration, advanced safety requirements, lightweight vehicle design, high-voltage wiring demand, smart vehicle connectivity. Major trends in the forecast period include growing demand for high-temperature materials, expansion of ev wiring systems, adoption of lightweight insulation materials, focus on fire-resistant cables, integration of data and power cables.
The growth of the automotive wire and cable material market is expected to be driven by the increasing demand for electric vehicles. Electric vehicles (EVs), powered by electric motors and rechargeable batteries, are gaining popularity due to factors such as government policies promoting clean energy, advancements in battery technology, and heightened awareness of environmental issues. Automotive wires and cables play a crucial role in transmitting power and data within EVs, ensuring efficient and safe operation across batteries, motors, and electronic systems. For example, in July 2023, the International Energy Agency reported a 25% increase in electric car sales compared to the first quarter of 2022, with over 2.3 million units sold. Sales are projected to reach 14 million by the end of 2023, marking a 35% annual growth and further boosting the automotive wire and cable material market.
Leading companies in the automotive wire and cable material sector are focusing on innovation, particularly in insulation materials for high-voltage cables, to enhance durability, thermal resistance, and overall efficiency in automotive electrical systems. Insulation materials for high-voltage cables provide protective coverage for conductive components, ensuring safe electricity transmission and protection against external elements. For instance, in March 2023, Shin-Etsu Chemical introduced KE-5641-U, a silicone rubber optimized for molding as insulation covering material in high-voltage automotive cables. This new silicone rubber offers improved flexibility and reduced weight, achieving a top-level dielectric withstand voltage (DWV) of 40 kV per mm, surpassing previous products' performance. It excels in heat and cold resistance, weather durability, flame retardancy, and long-term reliability, surpassing non-silicone alternatives and supporting the advancement of automotive electrical systems.
In December 2023, GEON Performance Solutions, a US-based manufacturer specializing in performance polymer solutions, acquired Polymax TPE for an undisclosed sum. This strategic acquisition is designed to broaden GEON's product portfolio and strengthen its market position in thermoplastic elastomer (TPE) sector. By incorporating Polymax TPE's expertise and product offerings, GEON aims to enhance its innovation capabilities and provide enhanced customer solutions within the polymer industry. Polymax TPE, also based in the US, specializes in manufacturing thermoplastic elastomers utilized in various applications, including automotive wires and cables.
Major companies operating in the automotive wire and cable material market report include ExxonMobil Chemical Limited, Reliance Industries Limited, BASF SE, Saudi Basic Industries Corporation (SABIC), LyondellBasell Industries Holdings BV, LG Chem Ltd., INEOS Group Holdings S.A., Sumitomo Chemical Co. Ltd., Shin-Etsu Chemical Co. Ltd., Braskem S.A., Lotte Chemical Corporation, Westlake Chemical Corporation, DuPont de Nemours Inc., Mitsui Chemicals Inc., Celanese Corporation, IRPC Public Company Limited, Lubrizol Corporation, Kuraray Co. Ltd., Borealis AG, Teknor Apex Company.
Asia-Pacific was the largest region in the automotive wire and cable material market in 2025. The regions covered in the automotive wire and cable material market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive wire and cable material market report include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The automotive wire and cable material market consists of sales of copper, nylon, fluoropolymers, and silicone. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Automotive Wire and Cable Material Market Characteristics
3. Automotive Wire and Cable Material Market Supply Chain Analysis
4. Global Automotive Wire and Cable Material Market Trends and Strategies
5. Automotive Wire and Cable Material Market Analysis of End Use Industries
7. Global Automotive Wire and Cable Material Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Automotive Wire and Cable Material Total Addressable Market (TAM) Analysis for the Market
9. Automotive Wire and Cable Material Market Segmentation
10. Automotive Wire and Cable Material Market Regional and Country Analysis
11. Asia-Pacific Automotive Wire and Cable Material Market
12. China Automotive Wire and Cable Material Market
13. India Automotive Wire and Cable Material Market
14. Japan Automotive Wire and Cable Material Market
15. Australia Automotive Wire and Cable Material Market
16. Indonesia Automotive Wire and Cable Material Market
17. South Korea Automotive Wire and Cable Material Market
18. Taiwan Automotive Wire and Cable Material Market
19. South East Asia Automotive Wire and Cable Material Market
20. Western Europe Automotive Wire and Cable Material Market
21. UK Automotive Wire and Cable Material Market
22. Germany Automotive Wire and Cable Material Market
23. France Automotive Wire and Cable Material Market
24. Italy Automotive Wire and Cable Material Market
25. Spain Automotive Wire and Cable Material Market
26. Eastern Europe Automotive Wire and Cable Material Market
27. Russia Automotive Wire and Cable Material Market
28. North America Automotive Wire and Cable Material Market
29. USA Automotive Wire and Cable Material Market
30. Canada Automotive Wire and Cable Material Market
31. South America Automotive Wire and Cable Material Market
32. Brazil Automotive Wire and Cable Material Market
33. Middle East Automotive Wire and Cable Material Market
34. Africa Automotive Wire and Cable Material Market
36. Automotive Wire and Cable Material Market Competitive Landscape and Company Profiles
37. Automotive Wire and Cable Material Market Other Major and Innovative Companies
40. Automotive Wire and Cable Material Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Automotive Wire and Cable Material Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses automotive wire and cable material market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for automotive wire and cable material? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The automotive wire and cable material market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Type: Polyvinyl Chloride (PVC); Polypropylene (PP); Cross-Linked Polyethylene (XLPE); Thermoplastic Polyurethane (TPU); Polyphenylene Ether (PPE); Other Types2) By Component: Conductors; Insulation Materials; Filler and Bedding Materials; Protective Coatings and Tapes
3) By Application: Passenger Vehicles; Light Commercial Vehicles; Heavy Commercial Vehicles
Subsegments:
1) By Polyvinyl Chloride (PVC): Flexible PVC for Wiring Insulation; Rigid PVC for Cable Sheath; Flame-Retardant PVC; PVC With UV Stabilization; PVC With High-Temperature Resistance; PVC for Automotive Power Cables2) By Polypropylene (PP): PP for Low-Voltage Wire Insulation; High-Temperature Resistant Polypropylene; Flame-Retardant Polypropylene Cables; Reinforced Polypropylene Cables for Durability; PP for Automotive HVAC Systems and Control Wiring; Polypropylene for Automotive Connector Insulation
3) By Cross-Linked Polyethylene (XLPE): XLPE for High-Voltage Wire Insulation; Low-Smoke XLPE for Automotive Fire Safety; XLPE for High-Temperature Applications; Cross-Linked Polyethylene for Electric Vehicle (EV) Charging Cables; XLPE for Power Distribution Cables; XLPE With Enhanced Mechanical Properties
4) By Thermoplastic Polyurethane (TPU): TPU for Flexible Wiring Applications; TPU for Cable Sheathing in Harsh Environments; Oil-Resistant TPU Cables; TPU for Automotive Sensor and Data Cables; TPU With High Abrasion Resistance; TPU for High-Performance Automotive Wiring
5) By Polyphenylene Ether (PPE): PPE for Automotive Electrical Connectors; High-Temperature PPE for Power Cables; PPE for Flame-Retardant Applications; PPE for Lightweight Automotive Cables; PPE for Under-the-Hood Wiring; PPE for Hybrid and Electric Vehicle Wiring
6) By Other Types: Polyethylene (PE) for General Automotive Wiring; Fluoropolymers (E.G., PTFE) for High-Performance Cables; Silicone Rubber for High-Temperature Wiring; Nylon (PA) for Cable Sheath and Insulation; Ethylene Tetrafluoroethylene (ETFE) for Extreme Conditions; Thermoplastic Elastomers (TPE) for Flexible Wiring Solutions
Companies Mentioned: ExxonMobil Chemical Limited; Reliance Industries Limited; BASF SE; Saudi Basic Industries Corporation (SABIC); LyondellBasell Industries Holdings BV; LG Chem Ltd.; INEOS Group Holdings S.a.; Sumitomo Chemical Co. Ltd.; Shin-Etsu Chemical Co. Ltd.; Braskem S.a.; Lotte Chemical Corporation; Westlake Chemical Corporation; DuPont de Nemours Inc.; Mitsui Chemicals Inc.; Celanese Corporation; IRPC Public Company Limited; Lubrizol Corporation; Kuraray Co. Ltd.; Borealis AG; Teknor Apex Company
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Automotive Wire and Cable Material market report include:- ExxonMobil Chemical Limited
- Reliance Industries Limited
- BASF SE
- Saudi Basic Industries Corporation (SABIC)
- LyondellBasell Industries Holdings BV
- LG Chem Ltd.
- INEOS Group Holdings S.A.
- Sumitomo Chemical Co. Ltd.
- Shin-Etsu Chemical Co. Ltd.
- Braskem S.A.
- Lotte Chemical Corporation
- Westlake Chemical Corporation
- DuPont de Nemours Inc.
- Mitsui Chemicals Inc.
- Celanese Corporation
- IRPC Public Company Limited
- Lubrizol Corporation
- Kuraray Co. Ltd.
- Borealis AG
- Teknor Apex Company
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 5.85 Billion |
| Forecasted Market Value ( USD | $ 7.66 Billion |
| Compound Annual Growth Rate | 7.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 21 |
