European flame retardant eva market for wire & cable application

25-Sep-19

European flame retardant EVA market for wire & cable application is expected to witness significant growth for the forecast period 2019 -2026, as per Straits Research. Germany is expected to be leading in this market owing to a highly developed automobile industry and presence of significantly renowned players in the automotive manufacturing sector. Flame retardant EVA wires and cables are expected to witness increasing use in the automotive sector owing to the increased fire safety regulations in the industry.

U.K. too is expected to witness significant growth in this market owing to a growing construction market which has high use of wires and cables application to provide electricity for various uses in building construction and use of wires in construction equipment. Italy is another economy which will foresee considerable growth owing to the dominance of electronic & electrical sector which consumes flame retardant wire to a significant extent.

France has been adopting solar energy and is witnessing growing investments in improving the annual energy-efficiency of buildings which is expected to propel the demand for EVA in the country. Vinyl acetate modified polyethylene is the most consumed EVA copolymer in France. Russia is another noteworthy economy which has considerable share in use of flame-retardant EVA for wire application. Russia's electric & electronics and energy & power sectors together constituted approximately 57% of the market in 2018. Both the sectors are growth drivers for flame retardant EVA for wire application market.