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The North American wire and cable materials market earned revenues of $1.92 billion in 2012 and will reach $2.53 billion in 2018, finds a new report from Frost & Sullivan.

The report, which covers the segments of power cables, building wires and communication cables, says that improving economic conditions in the short term and growth in construction and infrastructure activities will result in an increasing demand for cables and, subsequently, the materials that comprise them.

Growth in revenue is also driven by the shift of the industry toward higher-performance materials, especially in the power sector, the report adds.

"Overhead lines are generally bare conductors, where air acts as the insulation; underground cables, however, require plastic insulation, jacketing and sheathing materials," says Frost & Sullivan analyst Anita Pamu. "Thus, the growth of the underground [transmission and distribution] market will accelerate the sales of cable materials within this segment."



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