(MENAFN- Zion Market Research) Zion Market Research has published a new report titled 'Fire Resistant Cable Market by Insulation Material (XLPE, PVC, LSZH, EPR, and Others) and by End-Use Industry (Building & Construction, Automotive & Transportation, Manufacturing, Energy, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20172024. According to the report, the globalfire resistant cable marketwas valued at USD 1.70 billion in 2017 and is expected to reach USD 2.12 billion in 2024, growing at a CAGR of 3.2% between 2018 and 2024.
Fire resistant cables are mostly preferred in the building and construction industry, due to their low toxic gas emission and smoke, fire resistance, flame retardant properties, long-term circuit integrity during fires, simple and cost-effective installation, and zero halogen gas emissions. The rising utilization of fire resistant cables across various end-user industries is likely to drive this market's margin in the upcoming years.
Request Sample
Request Customization
Buy Now
Browse the full "Fire Resistant Cable Market by Insulation Material (XLPE, PVC, LSZH, EPR, and Others) and by End-Use Industry (Building & Construction, Automotive & Transportation, Manufacturing, Energy, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 20172024" Report At https://www.zionmarketresearch.com/report/fire-resistant-cable-market
The rising awareness about fire safety, security, and protection and growing urbanization are expected to drive the fire resistant cable market. Renovation of overhead and underground lines, replacement of old infrastructure, grid maintenance, and development of global rail network are further expected to be the key drivers of the fire resistant cable market. However, fluctuating raw material prices and the availability of lower priced substitutes might hamper this market's growth. Nonetheless, the manufacturing players are concentrating on innovative products that are anticipated to create new market opportunities.
The insulation material segment of the fire resistant cable market comprises XLPE, PVC, LSZH, EPR, and others. Among these, the XLPE segment is likely to emerge as the most dominant insulation material type. Furthermore, it held a major market share in 2017. By end-user industries, the fire resistant cable market includes automotive and transportation, building and construction, energy, manufacturing, and others. In 2017, the building and construction industry held the largest market share, due to rapid urbanization and the need for fire safety Furthermore, the increasing demand for fire resistant cable in the automotive and transportation, manufacturing, and energy industries is likely to propel the global fire resistant cable market in the years to come.
The Asia Pacific was the largest market for fire resistant cable, due to the increased product demand by the building and construction industries. The Asia Pacific is anticipated to register the rate of the fastest growth in this global market in the future. China and India are major markets for fire resistant cables, due to the rising demand for its usage in automotive and transportation, building and construction, manufacturing, and energy industries. Furthermore, Europe held the second largest share in the market for fire resistant cables followed by North America in 2017. The Middle East and Africa is a potential market for fire resistant cables, due to the growing building and construction industry, which is expected to fuel this market in the forecast time period.
Some of the major players operating in the global fire resistant cable market General Cable Corporation, Prysmian Group, LS Cable & System Ltd., Nexans S.A., Leoni AG, NKT Group, Universal Cable (M) Berhad, Tratos Limited, and EL Sewedy Electric Company, among others.
This report segments the global fire resistant cable market as follows:
Global Fire Resistant Cable Market: Insulation Material Analysis
Global Fire Resistant Cable Market: End-Use Industry Analysis
- Building & Construction
- Automotive & Transportation
- Manufacturing
- Energy
- Others
Global Fire Resistant Cable Market: Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client's needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Contact Us:
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email:
Website: https://www.zionmarketresearch.com
MENAFN1707201900703707ID1098769082
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.