Lucintel's latest market report analyzed that wire and cable jacket material provides attractive opportunities in the aerospace and defense, subsea, artificial lift system, and power generation markets. The wire and cable jacket material market is expected to reach $XX billion by 2028 with a CAGR of 6% to 8%. In this market, perfluoroalkoxy is the largest segment by material type, whereas aerospace and defense is largest by end use industry. Expansion of renewable energy infrastructure globally and an increase in investment in transmission and distribution of electric power provides strategic growth path in this market.

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Based on material type, the wire and cable jacket material market is segmented into polyetheretherketone, polyimide, polytetrafluoroethylene, perfluoroalkoxy, and others. The perfluoroalkoxy segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to strong chemical resistance and excellent temperature ratings.

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The Wire and Cable Jacket Material Market is marked by the presence of several big and small players. Some of the prominent players offering wire and cable jacket material include ARKEMA S.A., Calmont Wire & Cable Inc., E. I. DU PONT DE Nemours And Company, Evonik Industries AG, Fluorocarbon Group, Galaxy Wire & Cable, Inc, and Habia Cable.

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