SHEATH MATERIALS MARKET ANALYSIS

Sheath Materials MarketSize and Trends

Asia Pacific is expected to be the most potential market for sheath materials manufacturers. Asia Pacific is projected to witness relatively high growth in terms of value over the forecast period. Rapidly growing electronics industry coupled with increased demand of consumer and commercial goods has augmented the growth of sheath materials market in developing countries such as India and China. According to IBEF, in the year 2020, the Indian electronics industry is expected to generate a revenue of USD 400 billion. This has attracted investors such as HMC MM, Qualcomm, Samsung, LG, GE, Jabil, Flextronics, Bosch, Magneti Marelli, Continental, Amphenol, Motherson Sumi system, Nidec, Delphi and others. This trend is expected to be followed over the forecast period. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India.