Global Fire Resistant Cable Market Leveraging Demand for Silicone Free Wire

Published By: IndustryARC Published On : 16-Apr-2019

The building and construction, automotive, and transportation sector is projected to grow in the near future, especially in the developing economies. This factor will ensure a healthy return of investments for the stockholders of the fire resistant cable market, as per the findings of a new business intelligence report by IndustryARC. Due to the sustained growth, the various start-ups are investing in the fire resistant cable market, which was valued at $1.82 billion as of 2018, and the demand projected to grow at a compound annual growth rate (CAGR) of 4.30% during the forecast period of 2019 to 2025.

The report is titled “

Fire Resistant Cable Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast (2019 – 2025)

”. The report documents that the growth of fire resistant cable is increasing due to the growing regulations for fire safety globally. It also helps to fathom the latest trends that are driving the fire resistant cable market.

Global Fire Resistant Cable Market: Demand Analysis

Flame retardants or fireproof cables feature fire resistance, long-term circuit integrity in fire, and low toxic gas and smoke emission properties. Fire performance cables are the most suitable in fire detection and voice alarms. Furthermore, fire survival cables are designed to sustain high temperatures for a specific period of time. Moreover, these cables are easy to install, and they play a very vital role in assuring the orderly shutdown of the systems for the occupants in the building.

Global Fire Resistant Cable Market: Leading Segments


APAC is gauged to have led the fire resistant cable market in terms of demand in recent times. The growing demand for fire safety and the government regulations is driving growth in China. Additionally, the continuously developing manufacturing sector in China has led to a high consumption of the fire resistant cables. Dominate by China, APAC aggregated 30% of the global fire resistant cable market demand in 2018.

Moreover, the perceptible increase in the building and construction sector application has led to an increase in the fire resistant cable market revenue.. The application segment of fire resistant cable in the building and construction industry is anticipated to grow at a progressive CAGR of 5.50% during the forecast period of 2019 to 2025.  

 

Global Fire Resistant Cable Market: Market Trends and Growth Drivers

·        

Building and Construction Industry

Due to the explosive nature of PVC, the construction industry has started using the wires that are PVC free, and the industry now uses halogen-free cables that can be easily recycled. The need to reduce the number of explosions globally, has increased the demand for fire resistant market.

·        

Fiber Optic Fire Resistance Cable

The National Electric Code has classified the fire resistant cable as it can perform under fire conditions. These cable wires can be used in commercial and residential premises. They are like insulation or jacketing materials.

·        

Silicone Free Fire Resistant Cable

The silicone-free fire resistant cables are important growth drivers in the manufacturing sector. These can survive at high temperatures up to 1083°C and 2800°C. The demand for silicone-free fire resistant cables has increased in the manufacturing as well as in the construction industry. Most of the manufacturing plants for metallurgy, industrial stoves, and machineries are well equipped with silicone cables since recent times.

·        

Growing Information Technology Sector

The continuous growth in the information technology sector has a huge demand for fire resistant cables due to the continuous supply of electricity. Hence, the fire resistant cable market is observing a significant growth.

 

Global Fire Resistant Cable Market: Competitive Landscape

Some of the key companies identified in the report that are currently holding majority shares in the global fire resistant cable market are Prysmian Group, Nexans S.A., Elsewedy Electric, TPC Wire & Cable Corp., Leoni AG, Tianjin Suli Cable Group, Keystone Cable, Tratos Limited, NKT Group, and EL Sewedy Electric Company.

 Talk to one of our sales representative about the full report by providing your details in the link below:

 https://industryarc.com/support.php?id=500249  

 

Related Reports:

 

Flame Retardant Chemical Market

https://industryarc.com/Report/11692/flame-retardant-chemicals-market.html

 

What can you expect from the report?

The fire resistant cable market is prepared with the main agenda to cover the following 20 points:

 

1. Market Size by Product Categories & Application            11. Demand Analysis (Revenue &                                                                                                      Volume)

2. Market trends & Relevant Market Data                            12. Country level Analysis

3. Manufacturer Landscape                                                   13. Competitor Analysis

4. Distributor Landscape                                                       14. Market Shares Analysis

5. Pricing Analysis                                                                 15. Value Chain Analysis

6. Top 10 End user Analysis                                                  16. Supply Chain Analysis

7. Product Benchmarking                                                      17. Strategic Analysis

8. Product Developments                                                      18. Current & Future Market Landscape                                                                                                         Analysis

9. Mergers & Acquisition Analysis                                         19. Opportunity Analysis

10. Patent Analysis                                                                  20. Revenue and Volume Analysis

 

Frequently Asked Questions:

Q. Does IndustryARC provide customized reports and charge additionally for limited customization?

Response

: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:

1. Increase the level of data in application or end user industry.

2. Increase the number of countries in geography chapter.

3. Find out market shares for other smaller companies or companies which are of interest to you.

4. Company profiles can be requested based on your interest.

5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.

 Any other custom requirements can be discussed with our team, drop an e-mail to [email protected]  to discuss more about our consulting services.


 

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Mr. Venkat Reddy

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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.

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