Prysmian Group Tops Nexans in the Global Specialty Cable Market in 2011

2011-12-6 Cable and Wire News

LONDON, December 2, 2011 /PRNewswire via COMTEX/ -- Prysmian Group has beaten Nexans to first place in the global specialty cable market in 2011, after its merger with Draka. According to Integer Research's latest Study - The Market for Specialty Industrial Cable - Prysmian's revenues in this market are expected to reach US$1.1 billion this year. Integer's study, the first of its kind in this market, has revealed that the global market reached US$4.6 billion in 2010. Many of these cables require high quality polymers and additives to meet tighter fire performance and end-user requirements

"The Asian market has shown rapid growth, reaching US$1.8 billion in 2010," says Integer Research Director, Philip Radbourne. "Prysmian, Nexans, Leoni and General Cable dominate the market for specialty industrial cables. General Cable dominates North American, whilst Prysmian, Nexans and Leoni have expanded their operations from Western Europe into Asia."

There are also a number of other producers of specialty cable, from Lapp, LS Cable, Fujikura, Furukawa Electric, through to TMC, Hien Electric, and Habia Cable. These companies have built market share in their niche products area on a regional basis. The same is true of leading Chinese shipboard cable maker Yuanyang (Yangzhou Marine Cable)

"North America and Western Europe have shown the highest growth rates in the renewables markets - wind turbines and solar farms. However, Asia has been showing impressive growth in a range of end-use sectors. This certainly may explain Nexans and Prysmian's strategy of moving into the Middle East and Asia," says Sebastien Chu Ti, analyst at Integer Research.

In China, the leading European and Japanese producers have also set up production bases supplying the leading OEMs in aerospace, rolling stock and renewables, whilst in Latin America, Prysmian, General Cable and Nexans/Madeco have been in strong positions to supply many industrial clusters such as the mining.