There is a direct correlation between the global market for car cables and the growth of the auto industry. According to a recent report by the international market research company, the booming car industry is one of the main factors affecting the market for cable materials.

Automotive cable materials include polyphenylene (PPE), crosslinked polyethylene (XPLE), thermoplastic polyurethane (TPU), polyvinyl chloride (PVC) and others.

According to the region, the asia-pacific region dominates the market for automotive cable materials based on consumption. The automotive industry in the asia-pacific region is booming due to the growing demand for business and personal vehicles and the growing purchasing power of its vehicles. Such as emerging countries such as Malaysia, India, China and Indonesia's gross domestic product increased greatly, and thus boost the auto industry and auto cable materials market prosperous. In addition, many of the leading market participants are in the asia-pacific region, which helps to cater to the growing demand from the auto industry.

Based on consumption, North America is the second-largest market for automotive cable materials, followed by Europe. The U.S. economy is recovering, supporting demand for cars. Most leading carmakers are in Europe, which gives the European market some leverage. Demand for cars, however, mostly from Asia and other regions, thus lead to car cable scattered material consumption, greatly reduce the internal demand for cars in Europe.

Of course, there are challenges to market growth, such as environmental concerns about the recycling of car cables. Application, however, a growing number of vehicular wiring, promote the government stimulus of hybrid and electric vehicles, the introduction of biological source plasticizer in the next few years is expected to promote the development of auto cable materials market.

The report points out that the five major regions of the market for automotive cable materials account for over 60% of the world's total. The main companies in the market are sumitomo electricians, Delphi, lenny, yamazaki, Lear etc.