by Corinne Gangloff
July 13, 2021
A spike in homebuilding activity amid a hot US housing market will continue to boost near-term demand for insulated wire and cables used in the construction industry, according to a new Freedonia Group analysis:
US demand for construction wire and cable is forecast to increase 3.1% per year to $7.3 billion in 2025, supported by elevated residential construction activity.
While new single-family housing starts are forecast to peak in 2022, residential building construction activity is expected to remain elevated, and wire and cable sales to this market will be well above the 2019 level in 2025. Stronger growth could be possible with a recovery in the multifamily construction market, which underperformed as the pandemic spurred migration to lower-density areas.
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Construction Wire & Cable analyzes the US market for insulated cable and wire used in the construction market. Historical data (2010, 2015, and 2020) and forecasts for 2025 and 2030 are provided in millions of dollars for demand, shipments, and net exports.
Historical and forecast sales are also provided for major construction end use markets including:
Major product segments covered are:
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