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Report ID: UCMIG20D2131
Report ID:
UCMIG20D2131 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
To understand the competitive landscape, we are analyzing key Fire Resistant Cable Materials Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the Fire Resistant Cable Materials Market.
To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.
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REQUEST FREE CUSTOMIZATIONThe market for Fire Resistant Cable Materials was estimated to be valued at US$ XX Mn in 2021.
The Fire Resistant Cable Materials Market is estimated to grow at a CAGR of XX% by 2028.
The Fire Resistant Cable Materials Market is segmented on the basis of Material, End-use (Revenue, USD Million, 2016 - 2027), Regional (Revenue, USD Million, 2016 - 2027).
Based on region, the Fire Resistant Cable Materials Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
The key players operating in the Fire Resistant Cable Materials Market are rview , The fire resistant cable materials market size was valued at USD 509.3 million in 2019 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.4% from 2020 to 2027. Growing demand for insulating electric channels to tackle extreme heat and fire mishaps in building structures and manufacturing units is anticipated to ascend the demand for fire resistant cable materials over the forecast period. Stringent green building codes in North America and European economies are positively influencing the utilization of sustainable and fire resistant building materials, which is anticipated to have a positive impact on the demand for fire resistant cable materials. Increasing installation of electric wires in modern residential homes and commercial buildings and office spaces is likely to ascend the market growth. , In the U.S., demand for fire-resistant cable materials is anticipated to ascend at a significant rate owing to rise in demand for fire-resistant building structures. Moreover, abundant availability of raw materials in the country, along with well-established commercial channels and the presence of prominent manufacturers, is likely to support the market growth in the projected period. , Growing construction industry across the globe, specifically for commercial and office constructions, has surged the demand for sustainable building materials. To comply with green building codes, the modern commercial buildings and office space need fire resistant electric systems to tackle fire mishaps. This is further likely to affect market growth positively. , Increasing number of manufacturing facilities in major regions, such as Europe, North America, and Asia Pacific are focusing on providing workplace safety to the employees. Installation of a safe and secure electric supply channel is the primary concern for the players to avoid the risk of fire mishaps in the facilities, which is expected to support the product demand. , Advancement in wire jacketing applications has introduced advanced cables that can sustain in fire and heat environment for a longer duration. Moreover, the players are focusing on innovations in raw materials by compounding them for increased resistance and durability. Compatibility with high voltage wires is another factor increasing the penetration of cable materials for fire resistant wires. , Material Insights , The Cross-linked Polyethylene (XLPE) material segment accounted for the largest market share of 41.2% in 2019 and is expected to witness the highest growth from 2020 to 2027. High-grade insulation properties, coupled with superior electric conductor characteristics, are likely to increase the popularity of these materials for fire resistant cables over the forecast period. , The ability of XLPE to sustain in harsh weather conditions has increased its usage in the production of cables for long-distance electricity transmissions. The cables jacketed with cross-linked polyethylene offer superior insulation and enhanced current capacity and lightweight characteristics. Thus, these materials are gaining traction in the market. , Low Smoke Zero Halogens (LSZH) jacketing materials for fire-resistant cables are expected to gain momentum in the near future as they emit low smoke and no halogen when exposed to fire and heat environment. Furthermore, reduced flammability and cost-effectiveness of the material are likely to increase its demand in the coming years. , Polyvinyl Chloride (PVC) jacketing materials accounted for a substantial share in the market in 2019 owing to their wide commercial availability and known characteristics. Moreover, flexibility, low cost, wear resistance, and heat resistance up to 105-degree temperature are propelling its penetration in the market. , End-use Insights , In 2019, the building and construction industry led the market with a 35.5% share and is anticipated to witness the fastest growth from 2020 to 2027. The industry was the largest consumer of fire-resistant materials for cable jacketing applications. Growing concerns regarding fire resistant properties of building structures and the need for sustainable materials to tackle mishaps in the construction projects are anticipated to support the demand for products. , Electric wires used in automotive and transportation vehicles need superior insulation owing to an extreme heat environment. Growing popularity of electric vehicles across the globe is anticipated to increase the demand for cables that can supply electricity without deviation. This is further likely to support the demand for jacketed cables. , Growing manufacturing industries in North America, Europe, and Asia Pacific are anticipated to witness a rising number of manufacturing facilities in the projected period. Moreover, shifting production facilities from China to India, Vietnam, and South Korea on account of the coronavirus outbreak in the country are expected to build new facilities in the said countries. Thus, with a new production setup, demand for cable jacketing materials is expected to increase. , Electricity generation projects across the globe are expanding their capacities in light of growing demand from the consumers. The transmission of electricity from the generation plant to the consumer sites needs a reliable and secure channel. Thus, are positively affecting the demand for fire-resistant cable materials. , Regional Insights , Asia Pacific was the largest regional market with a share of 31.6% in 2019 and is anticipated to maintain its lead over the forecast period. China, India, Japan, South Korea, and Australia are the leading consumers of fire-resistant cables on account of rising need for fire safety in commercial and residential buildings. Furthermore, growing automotive production and prominent manufacturing of electrical machinery and equipment are expected to support industry growth in this region. , China accounted for the largest share of the overall consumption of fire resistant cable materials in the region owing to wide demand from building and construction applications. Well-established electrical and electronic industry in the country, along with an increasing number of bases for production, is further likely to increase the demand for products over the forecast period. , The automotive industry in the European economies is anticipated to ascend the demand for fire-resistant cable jacketing materials owing to an increase in the production of electric vehicles. Moreover, the building and construction industry in France, Italy, and Germany is expected to augment the market growth over the projected period. , Middle East and Africa is expected to exhibit the fastest CAGR of 5.1% from 2020 to 2027. Strong growth in the construction industry in Middle East and African is expected to build new commercial and office spaces across the region, thus creating scope for fire resistant materials in the construction projects. Saudi Arabia and UAE have several construction projects in the pipeline that are expected to provide growth prospects for the market. , KEY MARKET SEGMENTS, By Material, XLPE , LSZH , PVC , EPR , By End-use (Revenue, USD Million, 2016 - 2027) , Building & Construction , Automotive & Transportation , Manufacturing , Energy , Others , By Regional (Revenue, USD Million, 2016 - 2027) , North America , The U.S. , Canada , Mexico , Europe , The U.K. , Germany , France , Italy , Russia , Asia Pacific , China , India , Japan , Central & South America (CSA) , Brazil , Middle East & Africa (MEA) , Saudi Arabia , KEY MARKET PLAYERS, Universal Cable (M) Berhad , Tratos Limited , General Cable Corporation , Prysmian Group , LS Cable & System Ltd.".
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Report ID: UCMIG20D2131