Global Fire Resistant Cable Market Outlook 2019-2024

The global fire resistant cable market is expected to gain a significant traction in the forthcoming period. Increase in global incidences of fire disasters and high emphasis on producing robust products that ensure environmental compliance. Fire resistant cables are insulation materials such as LSOH, EPR, XLPE or PVC. These have replaced thermoplastic materials to meet user requirement as the cables can be interweaved or armoured with metallic components according to end-use. For instance, for offshore and marine applications, PVC or low smoke halogen free materials are used.

The manufacturers of fire resistant cables need to comply with international specifications. In another aspect, power supply is one of the major features to ensure success with fire resistant cables. If the power supply encounters a negative impact, the fire systems cannot work independently. Fire resistant cables are designed in a way to ensure effectiveness under fire conditions. From the commercial perspective, the market is at a maturity stage wherein it is strongly induced by urban disaster resilience and concept of SMART cities. Moreover, surge in the production of insulation materials contributes in the development of fire resistant products. 

The market is driven by rise in demand for fire resistant cables for building and construction, energy and automotive & transportation. Surge in rate of building and construction activities is much likely to trigger the demand for fire resistant cables. Improving economic conditions in the construction industry creates conducive environment for fire resistant products for residential buildings. For commercial buildings, there are standard norms and protocols for using fire resistant products. Increase in investment for R&D activities is more likely to result in enhanced market growth. On contrary, the fire resistant cable market face challenges such as availability of substitutes and variation in the price of raw-materials.

By type, the market can be segmented as PVC, EPR, XLPE, and LSZH. XLPE held a significant share in the global market owing to the high dominance in the construction and automotive sectors. PVC cables are more likely to emerge with a high share attributing to growing demand for its features and functionality.

By application, the market can be segmented as automotive, construction, manufacturing and energy. Construction is likely to have a significant share in the global market attributing to the growth rate and demand for integrated services. Manufacturing and energy sectors encompass firefighting service and hence have demonstrated the potential use of fire resistant cables to a vast extent.

By region, the market can be segmented as North America, South America, Europe, Asia Pacific, Middle-East and Africa. Asia Pacific is more likely to develop a high CAGR throughout the forecast span attributing to increase in product demand in the building and construction industries. In addition, the regional market witness a high rate in development of construction projects for residential and commercial sectors. Increase in approach for fire services in the residential sector is likely to induce in a high market demand. Europe is second leading market in terms of producing safety products against fire incidences. Government norms and international standardization and policies tend to play a pivotal role in the development of European market.

Some of the key players in the fire resistant cable market are Far East Cable Co Ltd, General Cable Corporation, Grupo Condumex, Jiagnan Group Limited, Hengtong Optic-Electric Co Ltd, Nexans S.A., LS Cable & System Ltd, Polycab India Limited, Southwire Company LLC, Sumitomo Electric Industries LLC, NKT Group, Prysmian Group, and Walsin Lihwa Corporation. Strategic alliances, collaboration and mergers and acquisitions are some of the identified growth strategies adopted by business players.

The analysts forecast the global fire resistant cable market to exhibit a CAGR of 3.28% during the period 2019-2024. The report covers the present scenario and the growth prospects of the global fire resistant cable for 2019-2024. To calculate the market size, the report considers the fire resistant cable sales volume and revenue.

The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, types, and applications.

Geographically, the global fire resistant cable market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and South America. This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2019 to 2024.
- North America (U.S., Canada, Mexico, etc.)
- Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)
- Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)
- South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)

On the basis of type, the global fire resistant cable market is segmented into:
- XPLE
- LSZH
- PVC
- EPR

Based on application, the fire resistant cable market is segmented into:
- Construction
- Automotive
- Transportation
- Manufacturing
- Energy

The report also includes a discussion of the key vendors operating in this market. Some of the leading players in the global fire resistant cable market are:
- Far East Cable Co., Ltd.
- Furukawa Electric Co., Ltd.
- General Cable Corporation
- Grupo Condumex
- Hengtong Optic-Electric Co., Ltd.
- Jiangnan Group Limited
- LS Cable & System Ltd.
- Nexans S. A
- NKT Group
- Polycab India Limited
- Prysmian Group
- Qingdao Hanhe Cable Co., Ltd.
- Southwire Company, LLC
- Sumitomo Electric Industries, Ltd.
- Walsin Lihwa Corp.
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Objective of the study:
- To analyze and forecast the market size of global fire resistant cable market.
- To classify and forecast global fire resistant cable market based on product type, application and region.
- To identify drivers and challenges for global fire resistant cable market.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., in global fire resistant cable market.
- To conduct pricing analysis for global fire resistant cable market.
- To identify and analyze the profile of leading players operating in global fire resistant cable market.

The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Key target audience are:
- Manufacturers of fire resistant cable
- Raw material suppliers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to fire resistant cable

The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with fire resistant cable suppliers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, and proprietary databases.