Global Fire Resistant Cable Market Leveraging Demand for Silicone Free Wire

Posted by niharika on July 12th, 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 .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 government regulations is driving growth in China. Additionally, the continuously developing manufacturing sector in China has led to 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.

View Full Table Of Content Of Fire Resistant Cable Market:

 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 the 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 manufacturing as well as in the construction industry. Most of the manufacturing plants for metallurgy, industrial stoves, and machinery 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.

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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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Joined: July 9th, 2019
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