Growth in Indian Wire and Cable Industry- The Way Forward
The Indian wire and cable sector stands at a strategic inflection point, firmly positioned as both backbone and catalyst for the nation’s infrastructure ambitions. The market is projected to reach approximately USD 21.2 billion by 2025 and USD 32.85 billion by 2030, supported by a robust CAGR of over 9%. Some industry trackers even place recent growth in the 11–13% annual range.
What gives this growth enduring momentum is the confluence of India’s infrastructure megaprojects, ranging from nationwide housing, electrification and 5G rollouts to the rapid expansion of renewable power and the burgeoning EV ecosystem. Government policies such as the rural electrification program, ‘Saubhagya’, large solar and wind power targets, and urbanization initiatives like ‘Smart Cities’ have shifted demand patterns from sporadic to structural. Export markets and ‘China+1’ supply chain strategies are further sharpening India’s competitive edge.
While fluctuations in copper pricing or global trade may bring periodic headwinds, the industry’s medium-to-long-term trajectory is set by one of the world’s most compelling infrastructure and digitalization stories.
Watch: Top Cable Companies in India
Major Trends in Terms of Technology, Product Mix, and Supply Chain
India’s wire and cable sector is being remade by the dual imperatives of innovation and resilience. A foundational shift is taking place towards advanced compounds such as Halogen-Free Flame Retardant (HFFR) compounds also called Low Smoke Zero Halogen (LSZH) compounds, prompted by stricter fire-safety norms and growing awareness of health and environmental impact. These eco-compliant materials are no longer emerging; they are swiftly becoming the market standard, in part due to proactive policy (National Building Code, RoHS, REACH) and accelerated demand from green buildings, smart transit, and safety-conscious end-users.
Even the traditional compounds and masterbatches are seeing changes, as we see over a billion dollars in CAPEX by the wire & cable manufacturers in India. Bihani Group’s masterbatch division has introduced Smartbatch® masterbatches that are designed for high-speed extrusion line, masterbatches for e-beam cables, anti rodent/ anti termite and a category of insect resistance, & newly introduced Anti-Counterfeit series using specific wavelengths for detection.
These products remain vital for their versatility, especially in price and durability-sensitive applications where customization for colour, UV stability, and processing efficiency plays a critical role.
Within the cable compounds, insulation & sheathing applications, we have developed anti-tracking High-Density Polyethylene (HDPE), High Molecular Weight Polyethylene (HMWPE) insulations, which is finding very good traction in the cable market. The fastest growth segments: building wires, solar, electric vehicle charging, high-voltage and fibre-optic cables for data networks are already characterized by highly specialized material requirements and intense R&D activity.
On the supply chain front, the new buzzwords are ‘localization’ and ‘traceability.’ Indian manufacturers are strategically shifting toward domestic sourcing of key input materials and investing in quality controls, which reduces vulnerability to global dislocations and improves overall resilience.
Between 2024 and 2025, Bihani Group has added 3 manufacturing sites taking the manufacturing pan-India and with fully automated high-speed extrusion lines to meet the growing demand with consistency as well as shorter lead times.
Impact of New Entrants in the Industry
The surge of new entrants is transforming the sector from a traditional supply market into a dynamic, innovation-led ecosystem. Incumbents are facing a new paradigm where simply delivering products is not enough; the winners are those who invest in application-driven R&D, advanced support, and supply reliability.
From compounding perspective, there is a trend to move from conventional compounding products such as PVC to reactive compounding products such as HFFR/ LSZH, XLPE and e-beam curable compounds.
Industry breakthroughs are increasingly visible in renewables, specialized solar cable technologies that are addressing harsh outdoor and high-temperature environments; EV infrastructure is seeing the rapid introduction of lightweight, ultra-fast charging cable solutions; and the rise of fibre-optics and ‘smart cables’ is enabling the digital backbone from urban metros to industrial corridors.
The sustainability agenda is equally decisive. Regulatory demands, as well as customer and export expectations, are driving industry-wide adoption of green and recyclable compounds, positioning the sector to meet global best practices. New entrants aren’t just contributing to competition, they are creating a fertile ground where best-in-class innovation and customer-centricity flourish.
Future Readiness to Compete in the Evolving Market
Leading suppliers in the Indian wire and cable industry are redefining their roles from mere material providers to technology and solution partners. The current wave of investment is flowing into advanced thermoplastic and cross-linked HFFR systems, which seamlessly address emerging global safety and sustainability standards. At the same time, PVC compounds and masterbatches continue to be a backbone for conventional wires and cables, with ongoing improvements in colour consistency, processability and durability, ensuring continued relevance across traditional market segments.
More significantly, material suppliers are embedding themselves upstream in the value chain, co-innovating with cable manufacturers and rapidly prototyping solutions that compress go-to-market timelines. The most forward-thinking players are building technical service teams and digital tools that help customers validate, certify, and scale new products more economically and efficiently. With SACO AEI Polymers Inc. USA forming a JV with Bihani Group in the SPV SAB Polymers India Ltd., we are introducing compounds that we expect to become industry standard in the years to come.
B2B Exhibitions Fueling Industry Growth
B2B forums like Cable & Wire Fair have become the nerve centre for India’s wire and cable ecosystem. Going far beyond the confines of a typical trade show, the fair is now a strategic platform for industry thought leadership, business development, and global partnership-building. Live demonstrations, technical sessions, and CEO roundtables foster the sort of dialogue that accelerates knowledge transfer and technology adoption.
These gatherings unlock unique value by connecting decision-makers with technical experts and sparking collaborations that span supply chain, R&D, and joint ventures. The net result is a rapid, sector-wide elevation in competitiveness, innovation, and export readiness.
Past Participation Experience in Cable & Wire Fair
SACO AEI Polymers Inc. USA and Bihani Group have been exhibiting in various Indian and international expos. However, we are stepping into the Cable & Wire Fair hosted by Tulip 3P Media Pvt. Ltd. for the very first time, and view it as an inflection point for our journey as innovation leaders. We expect the event to be a unique confluence of technical excellence and senior decision-makers creating an environment where trust, insight, and partnership potential are at their peak.
For us, the greatest opportunity is to engage in first-hand, solution-driven dialogues, hearing directly from customers, partners, and regulators about unmet needs and future priorities. The event offers an invaluable chance to learn, exchange ideas, and form new collaborations.
Expectations from Cable & Wire Fair 2025
We approach Cable & Wire Fair 2025 with the ambition to co-create the industry’s agenda focusing on the dimensions that will define tomorrow’s cable and wire sector: safety, sustainability, and high performance. We look forward to connecting with industry leaders who are shaping the future of safer, greener, and higher-performance cables. Our booth will present a curated mix of interactive experiences: immersive technical sessions on HFFR and PVC innovations, real-world case studies, live demonstrations, and collaborative ‘challenge-solving’ discussions tailored to visitor needs. Our overarching aim is to build multi-layered, value-driven collaborations co-developing materials and processes that raise the entire industry’s standards for safety, environmental responsibility, and operational excellence.
Visit Stand: Hall 3/ V1 at Cable & Wire Fair 2025, New Delhi
